Class 11 Enterpreneurship Previous Year Paper - 1 | Entrepreneurship Class 11 - Commerce PDF Download

 Page 4


EXPECTED VALUE POINTS AND SCHEME OF EVALUATION 
Q.NO. SET B-Answers 
Marks 
(with split up) 
1 Technical feasibility includes the details on how to deliver a product or 
service i.e., materials, labour, transportation etc. 
1 
2 Characteristics of social entrepreneur 
(1) Social catalyst 
(2) Socially aware 
(3) Opportunity seeking 
(4) Innovative 
(5) Resourceful 
(6) Accountable 
Any 2 points 
 
½ +½ = 1 mark 
3 Analytical industry 
This industry is related with analyzing and separating basic materials for 
getting distinct final products. 
Synthetic industry 
This industry is concerned with grouping together or combining or 
synthesizing various raw materials in manufacturing process to produce a 
final product. 
 
 
 
½ +½ = 1 mark 
4 2 examples for inflow of cash 
Sales, rent received, borrowings, issue of capital 
Any 2 points 
½ +½ = 1 mark 
5 2 methods of collecting secondary information: 
Published, unpublished, biography, dictionary, handbooks, textbooks 
Any 2 points 
½ +½ = 1 mark 
6 Trading entrepreneurs 
Entrepreneurs who undertake trading activities whether domestic or 
overseas are Trading Entrepreneurs. 
Industrial entrepreneurs 
Industrial entrepreneurs essentially manufacture products and offer 
services, which have an effective demand in the marketing. 
 
 
 
1+1=2 marks 
7 Importance of evaluating ideas 
(1) To decide what is important 
(2) To identify strengths and weaknesses of the idea 
(3) To make the best use of limited resources 
(4) To minimize risks while maximizing return 
Any 2 points 
with 
explanation 
1 +1 = 2 marks 
8 Census Method 
When all the units associated with a particular problem are studied it is 
called census method. 
Sample Method 
In a sample technique, data is collected about the sample on a group of 
items taken from the population for examination and conclusions are drawn 
on their basis. 
 
 
1 + 1 = 2 
 
 
 
FINAL TERM EXAMINATION 
 
 SUBJECT : ENTREPRENEURSHIP  
CLASS: XI  
Time Allotted: 
 3 Hrs. 
 Max. Marks: 
Page 5


EXPECTED VALUE POINTS AND SCHEME OF EVALUATION 
Q.NO. SET B-Answers 
Marks 
(with split up) 
1 Technical feasibility includes the details on how to deliver a product or 
service i.e., materials, labour, transportation etc. 
1 
2 Characteristics of social entrepreneur 
(1) Social catalyst 
(2) Socially aware 
(3) Opportunity seeking 
(4) Innovative 
(5) Resourceful 
(6) Accountable 
Any 2 points 
 
½ +½ = 1 mark 
3 Analytical industry 
This industry is related with analyzing and separating basic materials for 
getting distinct final products. 
Synthetic industry 
This industry is concerned with grouping together or combining or 
synthesizing various raw materials in manufacturing process to produce a 
final product. 
 
 
 
½ +½ = 1 mark 
4 2 examples for inflow of cash 
Sales, rent received, borrowings, issue of capital 
Any 2 points 
½ +½ = 1 mark 
5 2 methods of collecting secondary information: 
Published, unpublished, biography, dictionary, handbooks, textbooks 
Any 2 points 
½ +½ = 1 mark 
6 Trading entrepreneurs 
Entrepreneurs who undertake trading activities whether domestic or 
overseas are Trading Entrepreneurs. 
Industrial entrepreneurs 
Industrial entrepreneurs essentially manufacture products and offer 
services, which have an effective demand in the marketing. 
 
 
 
1+1=2 marks 
7 Importance of evaluating ideas 
(1) To decide what is important 
(2) To identify strengths and weaknesses of the idea 
(3) To make the best use of limited resources 
(4) To minimize risks while maximizing return 
Any 2 points 
with 
explanation 
1 +1 = 2 marks 
8 Census Method 
When all the units associated with a particular problem are studied it is 
called census method. 
Sample Method 
In a sample technique, data is collected about the sample on a group of 
items taken from the population for examination and conclusions are drawn 
on their basis. 
 
 
1 + 1 = 2 
 
 
 
FINAL TERM EXAMINATION 
 
 SUBJECT : ENTREPRENEURSHIP  
CLASS: XI  
Time Allotted: 
 3 Hrs. 
 Max. Marks: 
9 (1) Changing environmental variables 
(2) Internal changes happening within the enterprise 
(3) Changing preferences, trends etc. of customers. 
Any 2 points 
with 
explanation 
1 +1 = 2 marks 
10 2 factors influencing assessment of working capital requirement: 
(1) Nature and size of business 
(2) Business cycle 
(3) Gestation period: Time gap between commencement and end of 
manufacturing process 
(4) Volume and procurement of raw material 
(5) Manual or automation 
(6) Need to stock up inventories 
(7) Turnover of working capital 
(8) Terms of credit 
 
 
 
Any 2 points 
with 
explanation 
1 +1 = 2 marks 
11 Study of Dell about women entrepreneurs in India 
(1) 71 percent of women entrepreneurs in India say their business is 
very successful, and eight in 10 of them say they are hiring; 
(2) 74 percent of them say their technology needs are getting more 
complex; 
(3) 90 percent started their business while maintaining their day job; 
(4) 85 percent of Indian women entrepreneurs believe it is very 
important that their business has a social impact. 
 
 
 
Any 3 points 
with 
explanation 
1 +1 + 1 = 3 
marks 
12 Psychological needs: These are the basic needs like food, dress, water etc. 
Safety needs: Includes need for shelter and security. 
Esteem needs: Include the desire for self-respect, self-esteem status etc. 
 
1 +1 + 1 = 3 
13 (a) Persistence: The entrepreneur requires intense perseverance or 
hard work for creating need in the market. 
(b) Leadership: An entrepreneur should also be an effective leader who 
should be able to guide and motivate his/her entire team. 
Whenever a company faces problem it is the will power and 
effective business acumen and communication skills which oversees 
the success of the corporation. 
(c) Systematic planning: Every entrepreneur has limited resources in 
terms of time, finance, and manpower. They invest their life ’s saving 
and total energy in creating entrepreneurial ventures and cannot 
afford to lose or waste these. Before putting the whole enterprise 
into operation, he is required to develop a detailed blueprint. 
 
 
 
 
1 +1 + 1 = 3 
14 Differences between feasibility study and business plan 
(1) Meaning: A feasibility study is not the same thing as a business plan. 
The feasibility study would be completed prior to the business plan. 
The feasibility study helps determine whether an idea or business is 
a viable option. The business plan is developed after the business 
opportunity is created. ?
(2) Objective: Before anything is invested in a new business venture, a 
feasibility study is carried out to know if the business venture is 
worth the time, effort and resources. A feasibility study is filled with 
calculations, analysis and estimated projections while a business 
plan is made up of mostly tactics and strategies to be implemented 
in order to grow the business. ?
(3) Linkage: A feasibility study can readily be converted to a business 
plan. ?
(4) Benefit: It‘s important to think of the business plan in terms of 
growth and sustainability and the feasibility study in terms of idea 
 
 
 
Any 3 points 
with 
explanation 
1 +1 + 1 = 3 
marks