Class 9 From Ideas to Startups Mock Test (CBSE)

Topics in From Ideas to Startups

• Entrepreneurship and the entrepreneur
• Entrepreneurs who turned ideas into reality
• Business plan: a road map for the business
• Functional areas of a business
• Management and operations
• Finance and accounting
• Human resources
• Marketing and sales
• India's traditional entrepreneurial communities
• Startups and their contribution to the nation

From Ideas to Startups practice questions with answers

1. Q1Multiple choice·1 mark
   Which of the following elements is typically included in a formal business plan for a new startup to attract potential investors?

   1. (a)Audited accounts of the past five years
   2. (b)Register of complaints from existing customers
   3. (c)Annual report filed with the stock exchange
   4. (d)Financial projections and marketing strategy
   Show answer and step marks

   1. Correct option: (d) Financial projections and marketing strategy+1

   Answer: (d)
2. Q2Multiple choice·1 mark
   Which of the following best defines a 'startup' in the modern economic context?

   1. (a)A non-profit charitable organization providing free medical aid.
   2. (b)A newly emerged, innovative business enterprise designed to scale rapidly and solve a specific problem.
   3. (c)A government-run public sector undertaking.
   4. (d)A traditional retail shop established in a local market.
   Show answer and step marks

   1. Correct option: (b) A newly emerged, innovative business enterprise designed to scale rapidly and solve a specific problem.+1

   Answer: (b)
3. Q3Short answer·3 marks
   Why is market research considered crucial before launching a new startup? State any three reasons.
   Show answer and step marks

   1. First reason, any one of: it reveals customers' needs, preferences and problems; it identifies competitors and gaps in the market; it estimates demand and tests whether the product is viable, reducing financial risk; it helps fix a suitable price; it helps choose the target customers and location; or any other valid reason.+1
   2. Second reason, a different one from the same list.+1
   3. Third reason, a different one from the same list.+1

   Answer: Any three of: it shows customers' needs and preferences; it identifies competitors and market gaps; it estimates demand and tests viability, reducing financial risk; it helps fix a suitable price; it helps choose the target customers and location.

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