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. rely on funding provided by angel investors or venture capital firms.
. ntrepreneurs must be able to put their ideas into .
. An entrepreneur consistently sets standards.
. assists an entrepreneur in understanding a situation or problem by asking oneself questions hy,
hat, hen, and ho ) and studying the causes of the situation or problem.
C State hether the ollo ing statements are true or alse
. ntrepreneurship is a social activity.
. tartups receive advice and mentoring from an e pert.
. An entrepreneur may not al ays have a goal.
. An entrepreneur is never discouraged by failures.
. he entrepreneur is responsible for managing the staff, materials, finances, and organising
the production of goods and services.
SECTION B (Subjective Type Questions)
A Short ans er type uestions
. hy is it critical for an entrepreneur to have a positive attitude to ards his business
. hat is problem solving hy should an entrepreneur possess this skill
. ist any t o values that an entrepreneur should have to achieve success.
. hat is meant by goal setting
. Differentiate bet een entrepreneurs in technology and in entrepreneurs information technology.
B Long ans er type uestions
. Differentiate bet een a age employee and an entrepreneur using e amples.
. hat do you understand by a startup Also e plain the overnment of India's flagship initiative, tartup India .
. o is entrepreneurship as a career option hat challenges and risks one might have to take up as an entrepreneur
. hy is an entrepreneur important for the development of the country
. rite a note on omen entrepreneurs. Also mention any one e ample for the same.
ency b
C Competency based Application based uestions:
ased Application b
uestions:
ased
Compet
ayal lives in small flat in a small to n. he has to travel hours by bus if she ants to go to the market. One evening she
reali es that she has no flour in her house. he orries that she can no longer make chappatis. o ever, she sees a business
opportunity here. he starts the business of providing door to door grocery items to omen in her locality. Initially, she finds it
difficult as she has no prior business e perience but she preservers. Identify the entrepreneurial competency sho n by ayal.
Previous Years’ Questions
. . is an economic process, here an idea is generated or an opportunity is created, refined,
developed and implemented, hile being e posed to uncertainty, to realise a profit by effective utilisation
of resources.
a. ntrepreneurs b. ntrepreneurship development
c. ntrepreneurship d. luster intervention
Ans. c. ntrepreneurship
. hich entrepreneur, out of the follo ing, is essentially a manufacturer, ho identifies the needs of customers and
creates products or services to serve them
a. ervice entrepreneur b. Industrial entrepreneur
c. Agricultural entrepreneur d. echnical entrepreneur
Ans. b. Industrial entrepreneur
E ntre pre ne uri al S ki l l s- IV 97

