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Edp 11

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38 views3 pages

Edp 11

Edp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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THYAGARAJU CENTRAL SCHOOL

BM Road. Affiliated to CBSE – New Delhi

MidTerm Examination Class XI

Timings – 3 Hrs Subject – Entrepreneurship (066) Max marks 70

I. Answer the following MCQs (Each carries 1 mark)

1. Which of the following is NOT a characteristic of an entrepreneur?


a) Risktaker b) Procrastinator c) Innovator d) Problem solver

2. What is entrepreneurship?
a) Managing a business b) Starting a business with limited funds
c) The process of starting, organizing, managing, and assuming the responsibility of a business
d) Working under someone to gain experience

3. Which of the following is a function of an entrepreneur?


a) Selling goods b) Innovation c) Fund management d) Organizing events

4. An entrepreneur creates economic value by __________.


a) increasing taxes b) generating profits through production and distribution
c) consuming products d) working as an employee

5. Which of the following is a major function of an entrepreneur?


a) Employee management b) Innovation and creativity
c) Fundraising d) Following instructions

6. What role does an entrepreneur play in the economy?


a) Follower b) Job seeker c) Job creator d) Advisor

7. Entrepreneurs can reduce unemployment by:


a) Working in multinational companies b) Creating job opportunities
c) Investing in fixed deposits d) Seeking government employment

8. Which of the following is considered an internal factor influencing entrepreneurship?


a) Government policy b) Market competition
c) Innovation d) Foreign investment

9. Which of the following traits is essential for an entrepreneur?


a) Lack of focus b) Persistence c) Avoiding risk d) Dependence on others

10. An entrepreneur is described as:


a) Someone who always avoids risks b) A person who manages and assumes the risks of a business
c) An employee of a company d) A passive investor

11. Which of the following skills is critical for an entrepreneur?


a) Decision making ability b) Memorization skills c) Job search skills d) Inactivity

12. An entrepreneur who starts a new business venture is called a:


a) Follower b) Investor c) Founder d) Consultant

13. The ability of an entrepreneur to identify new opportunities is known as:


a) Resource allocation b) Opportunistic thinking c) Decision paralysis d) Procrastination
14. Entrepreneurs who establish a business with a focus on innovation are often referred to as:
a) Imitative entrepreneurs b) Serial entrepreneurs
c) Innovative entrepreneurs d) Conservative entrepreneurs

15. An entrepreneur who imitates successful innovations from other markets is called:
a) Visionary entrepreneur b) Imitative entrepreneur
c) Social entrepreneur d) Growth entrepreneur

16. Entrepreneurs who initiate social causes to create a better society are known as:
a) Serial entrepreneurs b) Social entrepreneurs
c) Opportunistic entrepreneurs d) Imitative entrepreneurs

17. What is the first step in the entrepreneurial journey?


a) Funding the business b) Idea generation c) Market expansion d) Recruitment

18. Which of the following is a part of the entrepreneurial journey?


a) Finding a mentor b) Retirement planning c) Job seeking d) financial independence

19. Identifying a gap in the market to start a business is called:


a) Resource management b) Problem solving
c) Opportunity recognition d) Wealth management

20. In the entrepreneurial journey, which of the following is crucial for converting ideas into reality?
a) Passive attitude b) Business planning
c) Avoiding risks d) Being dependent on others

II. Answer the following questions (each carries 1 mark)

21. What do you mean by competency?

22. Who is an entrepreneur

23. What is economic barrier?

24. Name any two institutions involved in Entrepreneurship Development Programme.

25. "They are highly ambitious are normally not satisfied by slow progress in their jobs". This applies for
which entrepreneurs?

26. What is 'Brainstorming?

27. Explain any two disadvantages of being an entrepreneur?

28. Write about any two innovations which led to entrepreneurial ventures.

29. What is the need of entrepreneurship in an economy?

30. Explain feasibility study?


Answer the following any 5 in 50 words (Short type questions each carries 2 mark)
31. Differentiate between Entrepreneur and Entrepreneurship.
32. Explain any 2 different disadvantages of entrepreneur
33. Explain these core values
a. Respect for work b. Innovation and creativity
34. What is the importance of Intrapreneur in an organization?
35.What do you think is the reason for failure of business plan execution?
36. List the fields in which Trailblazer has business strengths.

III. Answer the following any 3 in 75 words (Short type questions each carries 3 mark)
37. Why do you think the role of family in an entrepreneur’s life is Important?
38. “Innovation and creativity both are interrelated”, Explain.
39. Difference between an Intrapreneur and entrepreneur.
40. Explain any 4 managerial functions of an entrepreneur.

IV. Long Answers any 3 in 100 words (Short type questions each carries 4 mark)
41. Explain any 4 promotional functions of an entrepreneur.
42. Define business ethics? Why it is important to an entrepreneur?
43. What purpose does a business plan serve?

V. Very Long Answer any 2 in 100 words (Short type questions each carries 6 mark)

44. Explain Maslow’s theory of motivation.

45. Explain in detail any 6 problems faced by women entrepreneurs.

46. Describe the process of entrepreneurship.

47.Name the best Entrepreneur you do like, and why? (1)

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