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Sample Question Paper (2022-23) (066)
Subject: Entrepreneurship
Class: XII
Time: 3 Hours Max Marks: 70
General Instructions:
1.The question paper contains 4 sections - A, B, C and D
1.1. Section A contains Multiple choice questions
1.2. Section B - 2 marks
1.3. Section C - 3 marks
1.4. Section D - 5 marks
2. Internal choice is given in the paper, there is no overall choice.
S. No. Question Marks
Section A
1 Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
a. Skills and Knowledge
b. Trends and demand
c. Skills, Knowledge and competencies
d. Trends, demand and change
1
2 ‘Polymer Ltd’ decided to diversify into manufacturing pipes and plastic
household products apart from their water tanks business. Their finance and
marketing department decided to adopt any of the two pricing strategies –
i. adding a certain percentage of profit to the cost of production
ii. selling at a lesser amount so as to capture a huge market. They
put forward their funding strategy to the CEO.
The suggested pricing strategies are:
1. Cost-plus pricing
2. Skimming pricing
3. Penetration pricing
4. Competitive pricing
1
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1 | P a g e
Sample Question Paper (2022-23) (066)
Subject: Entrepreneurship
Class: XII
Time: 3 Hours Max Marks: 70
General Instructions:
1.The question paper contains 4 sections - A, B, C and D
1.1. Section A contains Multiple choice questions
1.2. Section B - 2 marks
1.3. Section C - 3 marks
1.4. Section D - 5 marks
2. Internal choice is given in the paper, there is no overall choice.
S. No. Question Marks
Section A
1 Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
a. Skills and Knowledge
b. Trends and demand
c. Skills, Knowledge and competencies
d. Trends, demand and change
1
2 ‘Polymer Ltd’ decided to diversify into manufacturing pipes and plastic
household products apart from their water tanks business. Their finance and
marketing department decided to adopt any of the two pricing strategies –
i. adding a certain percentage of profit to the cost of production
ii. selling at a lesser amount so as to capture a huge market. They
put forward their funding strategy to the CEO.
The suggested pricing strategies are:
1. Cost-plus pricing
2. Skimming pricing
3. Penetration pricing
4. Competitive pricing
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a. 1,2
b. 2,3
c. 3,4
d. 1,3
3 Which amongst the following values would help an entrepreneur to
determine the Return on Investment?
1. Net Profit
2. Gross Profit
3. Inventory carrying cost per unit.
4. Total Capital Invested
5. Weighted average contribution
a. 2,3,5
b. 1,4
c. 1,2,3
d. 2,3
1
4 In the year 2012, the social media application “Chowpal” acquired “Socialite”
at a purchase value of $1 billion. Both the entities operated in the social media
industry and offered similar products as part of their photo-sharing services.
However, Chowpal intended to further bolster its market position in the social
media space, and the acquisition of Socialite exactly fitted in its scheme of the
plan. The merger eventually helped Chowpal in increasing its market share,
eliminating competition, and gaining access to a wider audience. Identify the
type of merger:
a. Vertical merger
b. Horizontal merger
c. Market extension merger
d. Product extension merger
1
5 Ashwin was working as Director Finance in Ambur Metal Works. Managing
Director of the Company Kailash asked Ashwin to draft a proforma
investment decision plan enlisting the funds which should be invested in
different assets so that the company can get the highest possible returns.
From the following identify the reason(s) that would help Ambur Metal
Works.
i. It will help the company to understand the total amount of funds required.
1
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Sample Question Paper (2022-23) (066)
Subject: Entrepreneurship
Class: XII
Time: 3 Hours Max Marks: 70
General Instructions:
1.The question paper contains 4 sections - A, B, C and D
1.1. Section A contains Multiple choice questions
1.2. Section B - 2 marks
1.3. Section C - 3 marks
1.4. Section D - 5 marks
2. Internal choice is given in the paper, there is no overall choice.
S. No. Question Marks
Section A
1 Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
a. Skills and Knowledge
b. Trends and demand
c. Skills, Knowledge and competencies
d. Trends, demand and change
1
2 ‘Polymer Ltd’ decided to diversify into manufacturing pipes and plastic
household products apart from their water tanks business. Their finance and
marketing department decided to adopt any of the two pricing strategies –
i. adding a certain percentage of profit to the cost of production
ii. selling at a lesser amount so as to capture a huge market. They
put forward their funding strategy to the CEO.
The suggested pricing strategies are:
1. Cost-plus pricing
2. Skimming pricing
3. Penetration pricing
4. Competitive pricing
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a. 1,2
b. 2,3
c. 3,4
d. 1,3
3 Which amongst the following values would help an entrepreneur to
determine the Return on Investment?
1. Net Profit
2. Gross Profit
3. Inventory carrying cost per unit.
4. Total Capital Invested
5. Weighted average contribution
a. 2,3,5
b. 1,4
c. 1,2,3
d. 2,3
1
4 In the year 2012, the social media application “Chowpal” acquired “Socialite”
at a purchase value of $1 billion. Both the entities operated in the social media
industry and offered similar products as part of their photo-sharing services.
However, Chowpal intended to further bolster its market position in the social
media space, and the acquisition of Socialite exactly fitted in its scheme of the
plan. The merger eventually helped Chowpal in increasing its market share,
eliminating competition, and gaining access to a wider audience. Identify the
type of merger:
a. Vertical merger
b. Horizontal merger
c. Market extension merger
d. Product extension merger
1
5 Ashwin was working as Director Finance in Ambur Metal Works. Managing
Director of the Company Kailash asked Ashwin to draft a proforma
investment decision plan enlisting the funds which should be invested in
different assets so that the company can get the highest possible returns.
From the following identify the reason(s) that would help Ambur Metal
Works.
i. It will help the company to understand the total amount of funds required.
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ii. It will also help the company to assess the situation as to whether they
have excess or inadequate funds.
iii. It helps the company to understand the various sources of funds
iv. It helps the company to reflect the position of the business at the end of
every year
a. i only
b. i and ii only
c. i and iii only
d. i, ii, and iii only
6 Mayank, a small entrepreneur, is manufacturing LED lamps with the brand
name 'Led-amps`". These lamps are in great demand. He finds that the cost
of production per unit of the lamp is ? 800 and he can sell the same at ?1000
per lamp. The competitors in the market are selling this type of lamp at the
rate of 1200. Mayank's objective is not to earn profit in the short-run but to
capture the largest market share. His expectation is that the customers will be
attracted towards the new brand because of the lower price.
Identify the method of pricing adopted by Mayank to capture the substantial
portion of the market.
a. Cost plus Pricing
b. Penetration Pricing
c. Skimming Pricing
d. Variable pricing
1
7 Given below are information obtained from the balance sheet of PQR ltd.,
What will be the gross working capital for PQR ltd. for the year ending 31
st
March 2022?
Assets:
(in Rupees)
i. Cash- 60,000
ii. Stock- 50,000
iii. Trade Debtors- 65,000
iv. Short term investment- 15,000
Liabilities:
(in Rupees)
i. Short term loans- 25,000
ii. Trade creditors- 5,000
iii. Outstanding expenses- 10,000
a. 40,000
1
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Sample Question Paper (2022-23) (066)
Subject: Entrepreneurship
Class: XII
Time: 3 Hours Max Marks: 70
General Instructions:
1.The question paper contains 4 sections - A, B, C and D
1.1. Section A contains Multiple choice questions
1.2. Section B - 2 marks
1.3. Section C - 3 marks
1.4. Section D - 5 marks
2. Internal choice is given in the paper, there is no overall choice.
S. No. Question Marks
Section A
1 Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
a. Skills and Knowledge
b. Trends and demand
c. Skills, Knowledge and competencies
d. Trends, demand and change
1
2 ‘Polymer Ltd’ decided to diversify into manufacturing pipes and plastic
household products apart from their water tanks business. Their finance and
marketing department decided to adopt any of the two pricing strategies –
i. adding a certain percentage of profit to the cost of production
ii. selling at a lesser amount so as to capture a huge market. They
put forward their funding strategy to the CEO.
The suggested pricing strategies are:
1. Cost-plus pricing
2. Skimming pricing
3. Penetration pricing
4. Competitive pricing
1
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a. 1,2
b. 2,3
c. 3,4
d. 1,3
3 Which amongst the following values would help an entrepreneur to
determine the Return on Investment?
1. Net Profit
2. Gross Profit
3. Inventory carrying cost per unit.
4. Total Capital Invested
5. Weighted average contribution
a. 2,3,5
b. 1,4
c. 1,2,3
d. 2,3
1
4 In the year 2012, the social media application “Chowpal” acquired “Socialite”
at a purchase value of $1 billion. Both the entities operated in the social media
industry and offered similar products as part of their photo-sharing services.
However, Chowpal intended to further bolster its market position in the social
media space, and the acquisition of Socialite exactly fitted in its scheme of the
plan. The merger eventually helped Chowpal in increasing its market share,
eliminating competition, and gaining access to a wider audience. Identify the
type of merger:
a. Vertical merger
b. Horizontal merger
c. Market extension merger
d. Product extension merger
1
5 Ashwin was working as Director Finance in Ambur Metal Works. Managing
Director of the Company Kailash asked Ashwin to draft a proforma
investment decision plan enlisting the funds which should be invested in
different assets so that the company can get the highest possible returns.
From the following identify the reason(s) that would help Ambur Metal
Works.
i. It will help the company to understand the total amount of funds required.
1
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ii. It will also help the company to assess the situation as to whether they
have excess or inadequate funds.
iii. It helps the company to understand the various sources of funds
iv. It helps the company to reflect the position of the business at the end of
every year
a. i only
b. i and ii only
c. i and iii only
d. i, ii, and iii only
6 Mayank, a small entrepreneur, is manufacturing LED lamps with the brand
name 'Led-amps`". These lamps are in great demand. He finds that the cost
of production per unit of the lamp is ? 800 and he can sell the same at ?1000
per lamp. The competitors in the market are selling this type of lamp at the
rate of 1200. Mayank's objective is not to earn profit in the short-run but to
capture the largest market share. His expectation is that the customers will be
attracted towards the new brand because of the lower price.
Identify the method of pricing adopted by Mayank to capture the substantial
portion of the market.
a. Cost plus Pricing
b. Penetration Pricing
c. Skimming Pricing
d. Variable pricing
1
7 Given below are information obtained from the balance sheet of PQR ltd.,
What will be the gross working capital for PQR ltd. for the year ending 31
st
March 2022?
Assets:
(in Rupees)
i. Cash- 60,000
ii. Stock- 50,000
iii. Trade Debtors- 65,000
iv. Short term investment- 15,000
Liabilities:
(in Rupees)
i. Short term loans- 25,000
ii. Trade creditors- 5,000
iii. Outstanding expenses- 10,000
a. 40,000
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b. 1,90,000
c. 1,50,000
d. 2,30,000
8 The entrepreneurs have an option to brand their product alpha-numerically,
as it signifies:
a. Chemical characteristics
b. Physical characteristics
c. Neutral characteristics
d. Mathematical characteristics
1
9 A grocery owner has an equity stake of ? 40,000/- in the business. He has
borrowed ? 60,000/- at the interest rate of 10% per annum. He made a net
profit of ? 20,000/- in one year.
What will be the Return on Equity for the grocery owner?
a. 20%
b. 30%
c. 35%
d. 50%
1
10 Assertion(A): Customers are part of the micro environment.
Reason(R): Micro environment does not operate in isolation and is one of the
levels of business environment.
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.
1
11 Who plays a very vital role as a financial intermediary?
a. Primary Market
b. Capital Market
c. Stock Market
d. Securities and Exchange Board of India.
1
12 Assertion (A): In franchising there is usually a much higher likelihood of 1
Page 5
1 | P a g e
Sample Question Paper (2022-23) (066)
Subject: Entrepreneurship
Class: XII
Time: 3 Hours Max Marks: 70
General Instructions:
1.The question paper contains 4 sections - A, B, C and D
1.1. Section A contains Multiple choice questions
1.2. Section B - 2 marks
1.3. Section C - 3 marks
1.4. Section D - 5 marks
2. Internal choice is given in the paper, there is no overall choice.
S. No. Question Marks
Section A
1 Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
a. Skills and Knowledge
b. Trends and demand
c. Skills, Knowledge and competencies
d. Trends, demand and change
1
2 ‘Polymer Ltd’ decided to diversify into manufacturing pipes and plastic
household products apart from their water tanks business. Their finance and
marketing department decided to adopt any of the two pricing strategies –
i. adding a certain percentage of profit to the cost of production
ii. selling at a lesser amount so as to capture a huge market. They
put forward their funding strategy to the CEO.
The suggested pricing strategies are:
1. Cost-plus pricing
2. Skimming pricing
3. Penetration pricing
4. Competitive pricing
1
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a. 1,2
b. 2,3
c. 3,4
d. 1,3
3 Which amongst the following values would help an entrepreneur to
determine the Return on Investment?
1. Net Profit
2. Gross Profit
3. Inventory carrying cost per unit.
4. Total Capital Invested
5. Weighted average contribution
a. 2,3,5
b. 1,4
c. 1,2,3
d. 2,3
1
4 In the year 2012, the social media application “Chowpal” acquired “Socialite”
at a purchase value of $1 billion. Both the entities operated in the social media
industry and offered similar products as part of their photo-sharing services.
However, Chowpal intended to further bolster its market position in the social
media space, and the acquisition of Socialite exactly fitted in its scheme of the
plan. The merger eventually helped Chowpal in increasing its market share,
eliminating competition, and gaining access to a wider audience. Identify the
type of merger:
a. Vertical merger
b. Horizontal merger
c. Market extension merger
d. Product extension merger
1
5 Ashwin was working as Director Finance in Ambur Metal Works. Managing
Director of the Company Kailash asked Ashwin to draft a proforma
investment decision plan enlisting the funds which should be invested in
different assets so that the company can get the highest possible returns.
From the following identify the reason(s) that would help Ambur Metal
Works.
i. It will help the company to understand the total amount of funds required.
1
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ii. It will also help the company to assess the situation as to whether they
have excess or inadequate funds.
iii. It helps the company to understand the various sources of funds
iv. It helps the company to reflect the position of the business at the end of
every year
a. i only
b. i and ii only
c. i and iii only
d. i, ii, and iii only
6 Mayank, a small entrepreneur, is manufacturing LED lamps with the brand
name 'Led-amps`". These lamps are in great demand. He finds that the cost
of production per unit of the lamp is ? 800 and he can sell the same at ?1000
per lamp. The competitors in the market are selling this type of lamp at the
rate of 1200. Mayank's objective is not to earn profit in the short-run but to
capture the largest market share. His expectation is that the customers will be
attracted towards the new brand because of the lower price.
Identify the method of pricing adopted by Mayank to capture the substantial
portion of the market.
a. Cost plus Pricing
b. Penetration Pricing
c. Skimming Pricing
d. Variable pricing
1
7 Given below are information obtained from the balance sheet of PQR ltd.,
What will be the gross working capital for PQR ltd. for the year ending 31
st
March 2022?
Assets:
(in Rupees)
i. Cash- 60,000
ii. Stock- 50,000
iii. Trade Debtors- 65,000
iv. Short term investment- 15,000
Liabilities:
(in Rupees)
i. Short term loans- 25,000
ii. Trade creditors- 5,000
iii. Outstanding expenses- 10,000
a. 40,000
1
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b. 1,90,000
c. 1,50,000
d. 2,30,000
8 The entrepreneurs have an option to brand their product alpha-numerically,
as it signifies:
a. Chemical characteristics
b. Physical characteristics
c. Neutral characteristics
d. Mathematical characteristics
1
9 A grocery owner has an equity stake of ? 40,000/- in the business. He has
borrowed ? 60,000/- at the interest rate of 10% per annum. He made a net
profit of ? 20,000/- in one year.
What will be the Return on Equity for the grocery owner?
a. 20%
b. 30%
c. 35%
d. 50%
1
10 Assertion(A): Customers are part of the micro environment.
Reason(R): Micro environment does not operate in isolation and is one of the
levels of business environment.
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.
1
11 Who plays a very vital role as a financial intermediary?
a. Primary Market
b. Capital Market
c. Stock Market
d. Securities and Exchange Board of India.
1
12 Assertion (A): In franchising there is usually a much higher likelihood of 1
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success when an individual opens a franchise as opposed to a mom-and-pop
business.
Reason (R): It runs on a proven business formula that is already in place.
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.
13 Assertion(A): For a trading organization, the operating cycle will be shorter.
Reasoning(R): There is no manufacturing in a trading organization.
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.
1
Read the following article written on the basis of reopening of economy
world wide in various sectors and answer the from question 14- question
18
E-Commerce –The pandemic has given rise to a “homebody economy”, as
households make more use of online orders to avoid crowds. Across Europe’s
largest e-commerce markets - France, Germany, and the UK - purchase
behavior has evolved. According to a May study by Kantar, 9% of shoppers
make more online purchases than before; 60% say they will continue to shop
online after the outbreak; and 80% say they will shop online again for non-
essential items.
Gaming - The pandemic has accelerated existing trends within the gaming
industry, such as the way gamers purchase and consume, moving from
packaged games to downloadable content. Another indicator of this shift,
mobile apps in general have skyrocketed during the crisis and are expected to
account for 48% of the global games market this year, according to Newzoo’s
Read More