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CLASS: XI 
 
ENTREPRENEURSHIP 
 
 
Time Allotted: 3 Hrs. 
 
Max.Marks:70 
 
 
 
 
 
General Instructions: - 
 
1.  All Questions are compulsory 
2.   Marks are indicated  against  each question 
3.   Question  Nos. 01 to 05 are very short answer questions carrying  1 mark each.  Answer 
to each of these should  not exceed  15 words 
4.   Question  Nos. 06 to 10 are short answer questions carrying  2 marks each.  Answer  to 
each of these should not exceed 50 words 
5.   Question  Nos.  11 to 17 are short  answer questions carrying  3 marks each.  Answer  to 
each of these should not exceed  75 words 
6.   Question  Nos. 18 to 21 are short answer questions carrying  4 marks  each. Answer  to 
each of these should not exceed  150 words 
7.   Question  Nos.  22 to 24 is long answer  questions carrying  6 marks each.  Answer to 
each of these should not exceed 250 words 
 
 
 
1.  Define 'Market Environment'? 1 
 
2.  What is 'Commerce'?  1 
 
3.  What is meant by Price Mix?  1 
 
4.  What are non-insurable risks? 
 
5.  Who plays the role of an entrepreneur in a socialist country?  1 
 
6.  Enlist any four product oriented  benefits from marketing  mix.  2 
 
7.  Explain  any two disadvantages of being an entrepreneur? 2 
 
8.  Give one major difference between  Market Research  and Market Survey. 2 
 
9.  Write about any two innovations which led to entrepreneurial ventures.  2 
 
10.  Explain  any two competencies of an entrepreneur. 2 
 
 
 
 
n    1 ..... .c .., 
Page 2


 
 
 
 
 
CLASS: XI 
 
ENTREPRENEURSHIP 
 
 
Time Allotted: 3 Hrs. 
 
Max.Marks:70 
 
 
 
 
 
General Instructions: - 
 
1.  All Questions are compulsory 
2.   Marks are indicated  against  each question 
3.   Question  Nos. 01 to 05 are very short answer questions carrying  1 mark each.  Answer 
to each of these should  not exceed  15 words 
4.   Question  Nos. 06 to 10 are short answer questions carrying  2 marks each.  Answer  to 
each of these should not exceed 50 words 
5.   Question  Nos.  11 to 17 are short  answer questions carrying  3 marks each.  Answer  to 
each of these should not exceed  75 words 
6.   Question  Nos. 18 to 21 are short answer questions carrying  4 marks  each. Answer  to 
each of these should not exceed  150 words 
7.   Question  Nos.  22 to 24 is long answer  questions carrying  6 marks each.  Answer to 
each of these should not exceed 250 words 
 
 
 
1.  Define 'Market Environment'? 1 
 
2.  What is 'Commerce'?  1 
 
3.  What is meant by Price Mix?  1 
 
4.  What are non-insurable risks? 
 
5.  Who plays the role of an entrepreneur in a socialist country?  1 
 
6.  Enlist any four product oriented  benefits from marketing  mix.  2 
 
7.  Explain  any two disadvantages of being an entrepreneur? 2 
 
8.  Give one major difference between  Market Research  and Market Survey. 2 
 
9.  Write about any two innovations which led to entrepreneurial ventures.  2 
 
10.  Explain  any two competencies of an entrepreneur. 2 
 
 
 
 
n    1 ..... .c .., 
 
 
 
 
 
II. "We can appoint an employee  but not an entrepreneur".  Describe the difference between  3 
an employee and an entrepreneur in the light of this statement. 
12.  What are entrepreneurial  values? Show by diagram.  3 
 
13.  Why is systematic planning a must for an entrepreneur?  3 
 
14.  What do you mean by 'Opportunity Assessment?  3 
 
15.  What is 'Business'? State its characteristics.  3 
 
16.  Explain the various external factors which lead to business risk.  3 
 
17.  According to Dell, what was the final outcome of the study about women entrepreneurs?  3 
 
18.  Briefly explain the environmental factors which inhibit the growth of entrepreneurs.  4 
 
19.  What is meant by indirect channels of distribution? Explain any two indirect channels of  4 
distribution. 
 
OR 
 
Define  product   mix.  What  dimensions  of  the  product  are  to  be  considered  by  the 
entrepreneur herein? 
20.  Explain the ways as to how incubators help start-ups get funding?  4 
 
21.  Explain any four promotional functions of an entrepreneur.  4 
 
22.  What do you understand by the term industry? Explain the various types of industries.  6 
 
23.  What is social entrepreneurship? Enumerate the characteristics of social entrepreneur  6 
 
OR 
 
Briefly explain the role of technology and social media in creating new forms of business. 
 
24.  "Entrepreneur's decision  can  strengthen  or  seriously  weaken  a  firm's future  business 6 
viability."  Discuss  this  statement  in  the  light  of  necessity  of  ethics  for  society  and 
development of business. 
 
 
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FAQs on Entrepreneurship Sample Paper - 2, Class 11 CBSE

1. What is entrepreneurship?
Ans. Entrepreneurship refers to the process of starting, managing, and organizing a new business venture. It involves taking risks, identifying opportunities, and utilizing resources effectively to create and develop innovative products or services.
2. What are the characteristics of a successful entrepreneur?
Ans. Successful entrepreneurs possess several key characteristics, including: - Passion and determination: They have a strong desire to succeed and are committed to their goals. - Creativity and innovation: They can think outside the box and come up with unique ideas. - Risk-taking ability: They are willing to take calculated risks to pursue opportunities. - Strong leadership skills: They can motivate and inspire others to work towards a common goal. - Adaptability and resilience: They can adapt to changing circumstances and overcome setbacks. - Strong work ethic: They are willing to work hard and put in the necessary effort to achieve their objectives.
3. What are the benefits of entrepreneurship?
Ans. Entrepreneurship offers several benefits, including: - Financial independence: Entrepreneurs have the potential to earn higher incomes and build wealth. - Job creation: They can create employment opportunities for others, contributing to economic growth. - Innovation and creativity: Entrepreneurs drive innovation by introducing new products or services to the market. - Flexibility and control: They have the freedom to set their own schedules and make decisions independently. - Personal fulfillment: Entrepreneurship allows individuals to pursue their passions and make a positive impact on society. - Learning and growth: Entrepreneurs constantly learn and acquire new skills, leading to personal and professional development.
4. What are the challenges faced by entrepreneurs?
Ans. Entrepreneurs often face several challenges, including: - Financial constraints: Lack of capital and difficulty obtaining funding can hinder business growth. - Uncertainty and risk: Entrepreneurship involves taking risks, and the outcome is often uncertain. - Competition: The market can be competitive, requiring entrepreneurs to differentiate themselves and their offerings. - Time management: Entrepreneurs often face time constraints and need to juggle multiple responsibilities. - Failure and setbacks: Not all ventures succeed, and entrepreneurs need to be resilient in the face of failure. - Legal and regulatory issues: Complying with laws and regulations can be complex and time-consuming.
5. What is the role of entrepreneurship in economic development?
Ans. Entrepreneurship plays a crucial role in economic development by: - Creating employment opportunities: Entrepreneurs create jobs, reducing unemployment rates and stimulating economic growth. - Driving innovation: They introduce new products, services, and technologies, leading to increased productivity and competitiveness. - Attracting investment: Successful entrepreneurial ventures attract investments, attracting capital and fostering economic development. - Fostering regional development: Entrepreneurial activities can revitalize local economies and help address regional disparities. - Promoting wealth creation: Entrepreneurship allows individuals to generate wealth, leading to overall economic prosperity.
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