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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





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