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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
Entrepreneurial Skills-IV 137

