Page 122 - Web_Application_v2.0_C12_Fb
P. 122
3. List any two values that an entrepreneur should have to achieve success.
4. What is meant by ‘goal-setting’?
5. Differentiate between entrepreneurs in technology and in entrepreneurs information technology.
B. Long answer type questions.
1. Differentiate between a wage employee and an entrepreneur using examples.
2. What do you understand by a startup? Also explain the Government of India's flagship initiative, ‘Startup India’.
3. How is entrepreneurship as a career option? What challenges and risks one might have to take up as an entrepreneur?
4. Why is an entrepreneur important for the development of the country?
5. Write a note on women entrepreneurs. Also mention any one example for the same.
C. Competency-based/Application-based question. 21 st Century #Leadership & Responsibility
Skills
Payal lives in a small town and notices the inconvenience of travelling 2 hours to buy groceries. Seeing this as an
opportunity, she starts a door-to-door grocery delivery service, despite lacking prior business experience. What
entrepreneurial competency does Payal demonstrate?
Previous Years’ Questions
1. ………………………. is an economic process, where an idea is generated or an opportunity is created, refined,
developed and implemented, while being exposed to uncertainty, to realise a profit by effective utilisation
of resources. [2023]
a. Entrepreneurs b. Entrepreneurship development
c. Entrepreneurship d. Cluster intervention
Ans. c. Entrepreneurship
2. Which entrepreneur, out of the following, is essentially a manufacturer, who identifies the needs of customers and
creates products or services to serve them? [2023]
a. Service entrepreneur b. Industrial entrepreneur
c. Agricultural entrepreneur d. Technical entrepreneur
Ans. b. Industrial entrepreneur
3. Write any four qualities that motivate an entrepreneur. [2023]
Ans. The four qualities that motivate an entrepreneur are:
Standard of excellence Focus on long term goals
Need to influence Identifying opportunities and risk taking
4. Briefly define the term competency. Mention any two common entrepreneurial competencies. [2023]
Ans. Competency is the ability to do something well. The common entrepreneurial competencies are:
Decisiveness Initiative
Interpersonal Skills Perseverance
5. Name any two common entrepreneurial competencies. [2022]
Ans. Decisiveness, Initiative
120 Touchpad Web Applications (Ver. 2.0)-XII

