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Unsolved Exercise



                                                         Section A
                                                 (Objective Type Questions)
        A.  Choose the correct option.

           1.  Which of the following is not a characteristic of entrepreneurship?
             i.  It is an economic activity done to create, develop, and maintain a profit-oriented organisation.
             ii.  It begins with identifying an opportunity as the potential to sell and make a profit in the market.
             iii. The entrepreneurs are not competent enough to manage risks to make profits.
             iv. It deals with optimization in the utilisation of resources.
           2.  Which of the following are the qualities of a successful entrepreneur?
             i.  Initiative & self-confidence
             ii.  Willingness to take risks and hard work
             iii. Ability to learn from experience and decision-making ability
             iv. All of the above

           3.  ...................... means being able to do things without being told, to persevere when things get tough, and to recognise and
             take advantage of new opportunities when others are unaware of them.
             i.   Taking initiative                             ii.   Problem solving
             iii.  Goal setting                                 iv.   All of the above
           4.  What are the ways in which aspiring entrepreneurs can identify new business opportunities and evaluate their potential and
             risks?
             i.  Community concerns                             ii.  Personal experiences
             iii. Research with others                          iv.  All of the above
           5.  Prashant works for Surabhi, who is a businesswoman. Prashant is a/an .......................
             i.  Entrepreneur                                   ii.  Wage-employed person
             iii. Skilled worker                                iv.  Businessman
           6.  ...................... is the capacity to do tasks successfully and on schedule.
             i.   Efficiency                                    ii.   Growth and development
             iii.  Competency                                   iv.  Inadequacy
           7.  What are the various schemes to help small–scale entrepreneurs gain capital?
             i.  Government Mudra Yojana                        ii.  Credit Guarantee Scheme
             iii. Stand–Up India Scheme                         iv.  All of the above
           8.  The process of planning and following a conscious control of time spent on specific activities is called …………………………. .
             i.   time management                               ii.   goal setting
             iii.  efficiency                                   iv.  None of these
           9.  Identify the process where decisiveness can be developed.
             i.  Knowing yourself                               ii.  Problem-solving
             iii. Analysing the opportunities                   iv.  All of the above
          10.  Identify the process where initiative can be developed within the entrepreneur.
             i.  Realising that you can take action             ii.  Believing you can take action
             iii. Both i and ii                                 iv.  None of these





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