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5.  Discuss any two types of entrepreneurship.
             Ans.  Five types of entrepreneurship are as follow:

                 ÐÐ Agricultural Entrepreneurs: “Agripreneurs” is another term for agricultural entrepreneurs. They are those who create
                   businesses based on agriculture by utilising new and advanced technologies to increase yields.
                 ÐÐÐechnical Entrepreneurs:  These  are  people  who  use  their  technical  knowledge  to  develop  and  deliver  solutions  to
                   t
                   industries. Technical entrepreneurs use their technical expertise to make the services of the industry as smooth and
                   efficient as possible.

               6.  Discuss any two qualities  of successful entrepreneurs.
             Ans.  There are some striking qualities of a successful entrepreneur. However, the following qualities are regarded as essential:
                 Ð   Initiative:  Taking  the  initiative  is  seizing  an  opportunity.  To  be  a  successful  entrepreneur,  one  has  to  think  and  act
                   proactively. It’s about going the extra mile and getting the task done, crossing all the barriers, complications, and risks to
                   launch and maintain the business. Therefore, taking initiative is an important quality of an entrepreneur.
                 Ð  Willingness to take risks: Taking risks requires enormous courage. Only an entrepreneur who is willing to take risks can
                   proceed. It is not necessary that every risk taken will be fruitful, but taking a risk is the only possible option that can lead
                   the business to its next level. It depends on the entrepreneur to lessen the risk that has been taken.

               7.  What is a Start up?                                                         [CBSE Sample Paper 2023]
             Ans.  A startup is a company that is in the first stage of its operations. Startups can be started with minimum investment.

               8.  Why do entrepreneurs require persistence as one of the competences to succeed?   [CBSE Sample Paper 2023]
             Ans.  Persistence is the ability to continue to do something, even when it is difficult. It is one of the attitudes and competencies to
                 become a successful entrepreneur.
               9.  Rohan has a successful start-up company. According to him ‘Decision Making is considered to be one of the important
                 entrepreneurial competencies. Do you agree with Rohan.? Justify.              [CBSE Sample Paper 2023]
             Ans.  Yes.
                  If an entrepreneur does not have the ability to make suitable and timely decisions, the person may miss out on an opportunity
                 and incur losses.

              10.  What are the various organizational skills required to become a successful entrepreneur?   [CBSE Sample Paper 2023]
             Ans.  Ability to make the optimum use of time, energy and resources to achieve the desired goals like time management, goal
                 setting, efficiency, managing quality.



            B.  Competency-based/Application-based questions:                                          Life Skills & Values
                   Identify the attitude in each of the following scenarios.
               1.  Shanaya wants to start a sweet shop. After speaking to some people in her area, she finds out that nobody sells healthy
                 sweets. She decides to make non-fried sweets.
             Ans.  Decisiveness

               2.  Archana wants to start a 24×7 medical shop in her village. However, she does not know anything about medicines and
                 has doubts about her selling skills. After talking to some people, she realises how important it is. Finally, she works with a
                 pharmacist to set up a medical store.
             Ans.  Taking initiative










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