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C State hether the ollo ing statements are true or alse
. An entrepreneur can never have the ability to overcome any obstacle.
. elf motivated people al ays have high spirits and are full of positivity.
. An entrepreneur must plan and ork carefully to achieve long term ob ectives.
. ntrepreneurs have difficulty putting their ideas into action.
. he overnment of India's flagship initiative, tartup India, aims to create an ecosystem for
the gro th of startup businesses.
SECTION B (Subjective Type Questions)
A Short ans er type uestions
. ist fe barriers to becoming an entrepreneur.
Ans. • nfavourable business environment
• a disadvantages, a lack of property rights, and abusive ta behaviour
• Capital shortage
• killed orkforce issues
• A lack of entrepreneurial mindset and training
• Aversion to risk
. hat are the benefits of entrepreneurship
Ans. Among the numerous advantages are the follo ing
• Engage in activities that stimulate your interest: ntrepreneurship allo s you to start and do hat you en oy by
combining your interests and talents.
• Work for yourself, not for others: As an entrepreneur, you have the option of orking for yourself rather than
for someone else. ou have the freedom to choose the type of ork you ant to undertake and ho you ant to
accomplish it.
• Make profits for yourself: As an entrepreneur, you have the freedom to choose ho much money you ant to
make and ho you ant to make it.
. hy should an entrepreneur display erseverance
Ans. It is critical to be persistent, patient, and illing to continue even if the first battle is lost. ntrepreneurs must remain
focused, patient, and confident in their mission. Only by attempting different things and methodologies can a solution
be found.
. ho is an entrepreneur
Ans. An entrepreneur is someone ho seeks to address the demands of a consumer through ne ideas or ays of doing
business hile still making a profit. e ideas for adding value to a firm can take many forms, including ne products
such as adding variation and ne services such as home delivery or credit services.
. hat is meant by a business idea
Ans. A business idea is a thought that can be used to make money and is usually focused on a product or service that can
be sold for money. he first step in the process of establishing a successful business is the generation of an idea.
. ention any t o qualities of a successful entrepreneur. ample aper,
Ans. Initiative, illingness to take risks, ability to learn from e perience, motivation, self confidence, hard ork, decision
making ability.
. hat motivates an entrepreneur ample aper,
Ans. An entrepreneur has the potential and illingness to overcome every hurdle that comes in his her ay. ualities can
be uniqueness, need to influence, identifying opportunities and risk taking.
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