Page 99 - Web Applications (803) Class 12
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4. Which of the following is NOT a quality of a successful entrepreneur?
a. willingness to take risks b. ability to learn from mistakes
c. motivated d. taking frequent holidays
5. Most thrive on technological ideas or offer technologically-driven solutions.
a. startups b. entrepreneurs
c. mentors d. businesses
6. Entrepreneurship-cum-skill development programmes are offered by .
a. National Informatics Centre
b. National Institute for Entrepreneurship and Small Business Development
c. Ministry of Telecommunications
d. Ministry of Commerce
7. An entrepreneur's primary responsibility is to secure the timely availability of all the .
a. money b. infrastructure
c. resources d. supplies
B. Fill in the blanks.
1. A is a business that is in its early stages of development.
2. Entrepreneurs undertake a to determine the commercial viability of a new product or service.
3. A is someone who works for a person or organisation.
4. An consistently sets high standards and seeks to achieve excellence by working hard and being
innovative.
5. A person who starts at the age of 50 without any entrepreneurship history is a entrepreneur.
C. State whether the following statements are true or false.
1. An entrepreneur can never have the ability to overcome any obstacle.
2. Self-motivated people always have high spirits and are full of positivity.
3. An entrepreneur must plan and work carefully to achieve long-term objectives.
4. Entrepreneurs have difficulty putting their ideas into action.
5. The Government of India's flagship initiative, ‘Startup India,’ aims to create an ecosystem for
the growth of startup businesses.
SECTION B (Subjective Type Questions)
A. Answer the following questions:
1. List few barriers to becoming an entrepreneur.
Ans. • Unfavourable business environment
• Tax disadvantages, a lack of property rights, and abusive tax behaviour
• Capital shortage
• Skilled workforce issues
• A lack of entrepreneurial mindset and training
• Aversion to risk
Entrepreneurial Skills-IV 97

