Subject: Entrepreneurship
Class XI
Time Allowed: 3 hours
Max. Marks: 70
General Instructions:
Read the following instructions very carefully and strictly follow them:
(i) This Question paper consists of Four Pages printed on both sides. This question paper comprises five sections- A, B, C, D and E. There are 34 questions in the question paper. All questions are compulsory.
(ii) Section A – Question. No. I to 17 are very short-answer type questions, carrying I mark each.
(iii) Section B – Question. No. 18 to 24 are short-answer type I questions, carrying 2 marks each.
(iv) Section C – Question. No. 25 to 29 are short-answer type II questions, carrying 3 marks each.
(v) Section D – Question. No. 30 to 32 are long answer type-I questions, carrying 4 marks each.
(vi) Section E – Question. No. 33 and 34 are long answer type-I questions, carrying 6 marks each.
(vii) Answer should be brief and to the point.
(viii) There is no overall choice. However, an internal choice has been provided in two questions of 1 mark, two questions of 2 marks, two questions of 3 marks, one question of 4 marks and one question of 6 marks. You have to attempt only one of the choices in such questions.
ix) In addition to this, separate instructions are given with each section and question, wherever necessary.
SECTION – A (17 Marks)
Multiple Choice Questions-Choose one correct option
1. When Apple Phone was Launched Steve Jobs took great care to make the package eco-friendly light weight with 3D Images on it. Which of the core values is highlighted in the behaviour?
a. Innovation and Creativity
b. Independence
c. Quest for Excellence
d. Respect for Work
2. Who among the following classified the entrepreneurs based on their personality traits?
a. C Danhof
b. Richard Cantillon
c. Abraham Maslow
d. Bill Wagner
3.______________ is a written summary of various elements involved in starting a new enterprise of how a business organization will organize its resources to meet its goals and how it would measure its progress.
a. Business Idea
b. Business Plan
c. Idea Evaluation
d. Feasibility Study
4. The inventor of Cardiac Pacemaker is ___________
a. Sir Alexander Flemming
b. George Crum
c. Percy Spencer
d. John Hopps
5. Mr. Amit has to bear a loss in business as he could not achieve the target of supplying 500 goods to his customers because the production got interrupted due to the failure of machinery. Which of the following factors is responsible for the loss borne by Mr. Amit?
a. Technological factor
b. Human factors
c. Physical factors
d. External factors
Read the Questions and answer as directed:
6. Explain Entrepot Trade.
7. Name the type of Entrepreneurs who may be termed as “Laggards”.
8. Name one Institution involved in Entrepreneurship Development Programme.
9. Name any two Social Entrepreneurs.
OR
What do you understand by the term Business Ethics?
10. What type of trade activity does a Genetic Industry do?
OR
Explain the “fledging stage” in the growth of an Entrepreneur.
11. Explain the term USP (Unique Selling Preposition) of any product/service with an example.
12. “Break Even Analysis” would form part of which component of the Business Plan?
13. Explain one difference between an inventor and innovators (entrepreneurs).
14. Elicit how crowd funding can be as a platform to raise capital for a venture.
15. State two commercial functions of an entrepreneur.
16. Observe the given image and answer the question that follows:
What type of Modern form of Business is offered by the companies as shown in this image?
17. Read both the columns of given questions and match them as appropriate:
| Column I | Column II |
| 1. Adaptive Entrepreneur | a. The entrepreneur who establishes an enterprise and then plans to sell the same to reinvest in an alternative business. |
| 2. Trading Entrepreneur | b. These entrepreneurs follow entrepreneurship due to support provided by the government in terms of financial assistance. |
| 3. Professional Entrepreneur | c. These entrepreneurs work under supply chain and seek profit working as intermediaries in the distribution cycle. |
| 4. Induced Entrepreneur | d. These entrepreneurs follow other successful entrepreneurs and adapt their business model |
SECTION B (14 Marks)
18. Elaborate any two responsibilities that an entrepreneur should fulfill towards his consumer.
19. Differentiate between an employer and an entrepreneur.
20. What would be the components to be included in the Human Resource Planning while drafting a Business Plan?
21. Why environment scanning is considered as a platform for ldea Generation for an Entrepreneur?
OR
Explain Demographic Forces as a Macro level structure of the Business Environment.
22. Read the given case study and answer as directed: Mr. Vineeth has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 units to his customers because the raw material did not appear on time. Which of the external factor is responsible for the loss borne by Mr. Vineeth? What corrective action according to you could be implemented by Mr. Vineeth?
23. Explain how social media can help an entrepreneur to expand his business and meet 2 customer expectations?
24. Differentiate between Trailblazers and Go-Getters based on their personality traits of these entrepreneurs.
OR
Why is networking considered important for an entrepreneur?
SECTION – C (15 Marks)
25. “According to David McClelland, regardless of culture or gender people are driven by three motives” -Elaborate these motives.
26. What do you understand by Feasibility Study? How does the same help an entrepreneur?
OR
Discuss any three problems faced by Women Entrepreneurs in Business Society?
27. Evaluate the benefits that E-Business can provide to an entrepreneur over traditional business methods.
28. “While entering the Indian market, Pizza Hut had refrained from serving its pork and beef delicacies as doing so, they were bound to fail in the country.”
Identify and explain the environmental barrier affecting the operations of Pizza Hut in India.
29. What do you understand by Business Incubators? How do they assist entrepreneurs?
OR
The Prime Minister of India introduced several new incentives for entrepreneurs such as implementation of Revised and Unified GST, stating that entrepreneurship is the need of the hour. Do you agree with his contention? Justify your answer.
SECTION – D (12 Marks)
30. Zest India Ltd. is a pioneer company in the FMCG Sector. Recently one of its highest revenue generating products has been banned due to health issues. The top management of the company is in search of new ideas to combat this situation. Explain two structured approaches to generate ideas for the company.
31. Mr. Vikas is planning to establish a small manufacturing unit to manufacture unit to manufacture components used in solar panels. Advise him regarding the two sources from which he could procure funds for start-ups supported by the Government of India.
OR
“To everything in life, there are advantages and disadvantages; entrepreneurship is no exception”. As a matter of fact, entrepreneurship involves a lot of risk taking”. With reference to the given statement highlight the disadvantages of entrepreneurship.
32. Explain the first four steps involved in the preparation of the Business Plan.
SECTION – E (12 Marks)
33. Briefly explain the various Aids to Trade that help to remove the Hindrances in the free flow of goods and services in the economy.
34. Discuss Abraham Maslow’s Hierarchy of Needs Theory.