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CBSE Class 9 Building Blocks in Economics — practice questions — page 4

Explore 115 free Building Blocks in Economics questions in CBSE Class 9 Social Science. Open each question or exercise to read its content, reference answers and available explanation.

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Building Blocks in Economics questions and exercises with answers

Showing questions 91–115 of 115.

Which of these is part of an entrepreneurship ecosystem?Read the answer and worked solution →Which method can a startup use for market validation?Read the answer and worked solution →What is a startup, in short?Read the answer and worked solution →What sets a startup apart from other new businesses?Read the answer and worked solution →What do startups face at their early stages?Read the answer and worked solution →What is a minimum viable product (MVP)?Read the answer and worked solution →How do startups typically begin?Read the answer and worked solution →What do mentors do for new business owners?Read the answer and worked solution →Which co-founder role is in charge of money and daily running?Read the answer and worked solution →What did more than one-third of founders blame for failure?Read the answer and worked solution →What makes it hard for early startups to compete with larger companies?Read the answer and worked solution →Which region's startup ecosystem is linked with Stanford University?Read the answer and worked solution →Which boom saw huge numbers of new online startups?Read the answer and worked solution →Lean startup suits building ventures under which conditions?Read the answer and worked solution →Why should a startup validate market need before launching?Read the answer and worked solution →What key principle do startups need when many decisions are uncertain?Read the answer and worked solution →What is a unicorn in the startup world?Read the answer and worked solution →When is a startup usually in its seed round?Read the answer and worked solution →What is an internal startup in a large company?Read the answer and worked solution →Which activity describes startup investing?Read the answer and worked solution →What do revenue-based financing lenders receive for growth capital?Read the answer and worked solution →What do venture capital firms take for seed money?Read the answer and worked solution →Which two thinkers defined entrepreneurship in terms of risk-taking?Read the answer and worked solution →What does bootstrapping try to minimise?Read the answer and worked solution →What is one way entrepreneurs can exploit opportunities?Read the answer and worked solution →

Worked practice questions

Which of these is part of an entrepreneurship ecosystem?

  1. Ancient cave paintings in a museum
  2. Business incubators and seed accelerators
  3. Weekly school sports day events
  4. Daily wages paid to farm labourers
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Correct answer: B. Business incubators and seed accelerators

Incubators and seed accelerators are facilities that support new firms, so they belong to the entrepreneurship ecosystem.

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Which method can a startup use for market validation?

  1. Building a factory on the site
  2. Hiring a famous film actor
  3. Changing the company's name
  4. Surveys and sample research
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Correct answer: D. Surveys and sample research

Surveys and sample research are among the ways a startup can check that customers want its product before launching it.

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What is a startup, in short?

  1. A government office that fixes all taxes
  2. A new company testing a scalable business model
  3. An old shop that has closed down for good
  4. A school that trains new teachers for towns
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Correct answer: B. A new company testing a scalable business model

A startup is a company or project that an entrepreneur undertakes to develop and validate a scalable business model.

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