Class 11 Enterpreneurship Previous Year Paper - 5 | Entrepreneurship Class 11 - Commerce PDF Download

 Page 1


Page 1 of 2 
 
                     
Roll Number 
   
Code Number 
SET A 
 
General Instructions: 
1. All questions are compulsory.  
2. There are total 24 questions in all.  
3. Marks for each question are indicated against it.  
4. Questions 1 to 5 are very short answer questions of 1 mark each.  
5. Question 6 to 10 are short answer type questions of 2 marks. These are to be answered in 30 words each. 
6. Questions 11 to 17 are short answer questions of 3 marks each. These are to be answered in 60 words each. 
7. Questions 18 to 21 are short answer questions of 4 marks each. These are to be answered in 70 words each. 
8. Questions 22 to 24 are long answer questions of 6 marks each. These are to be answered in 100 words each. 
9. Answer should be brief and to the point and the above word limit be adhered to as far as possible. 
 
1 Who is an entrepreneur? 1 
2 Differentiate between a technical and non-technical entrepreneur? 1 
3 Explain feasibility study. 1 
4 Narrate the meaning of business incubation. 1 
5 List any two fields in which ‘Trailblazer’ has business strength. 1 
6  ‘Innovation is the hallmark of entrepreneurship’. Why is innovation referred as one of the basic 
function of an entrepreneur? 
 
2 
7 Mention the four core values that are generally possessed by dynamic entrepreneurs. 2 
8 ‘Evaluation of idea is an important step in researching the venture’s feasibility’. Discuss the 
importance of evaluating ideas. 
 
2 
9 Discuss any two advantages of entrepreneurship. 2 
10 Distinguish between spontaneous entrepreneurs and induced entrepreneurs. 2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI  Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 2


Page 1 of 2 
 
                     
Roll Number 
   
Code Number 
SET A 
 
General Instructions: 
1. All questions are compulsory.  
2. There are total 24 questions in all.  
3. Marks for each question are indicated against it.  
4. Questions 1 to 5 are very short answer questions of 1 mark each.  
5. Question 6 to 10 are short answer type questions of 2 marks. These are to be answered in 30 words each. 
6. Questions 11 to 17 are short answer questions of 3 marks each. These are to be answered in 60 words each. 
7. Questions 18 to 21 are short answer questions of 4 marks each. These are to be answered in 70 words each. 
8. Questions 22 to 24 are long answer questions of 6 marks each. These are to be answered in 100 words each. 
9. Answer should be brief and to the point and the above word limit be adhered to as far as possible. 
 
1 Who is an entrepreneur? 1 
2 Differentiate between a technical and non-technical entrepreneur? 1 
3 Explain feasibility study. 1 
4 Narrate the meaning of business incubation. 1 
5 List any two fields in which ‘Trailblazer’ has business strength. 1 
6  ‘Innovation is the hallmark of entrepreneurship’. Why is innovation referred as one of the basic 
function of an entrepreneur? 
 
2 
7 Mention the four core values that are generally possessed by dynamic entrepreneurs. 2 
8 ‘Evaluation of idea is an important step in researching the venture’s feasibility’. Discuss the 
importance of evaluating ideas. 
 
2 
9 Discuss any two advantages of entrepreneurship. 2 
10 Distinguish between spontaneous entrepreneurs and induced entrepreneurs. 2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI  Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 2 of 2 
 
11 ‘Mahima Nehra started Hathi Chaap. It was totally a new venture where different raw materials 
were tried out to make handmade paper. After researching a lot, they found that elephant dung had 
more fibre content which made it easy to make handmade paper’.  
This entrepreneur is an example to contradict the normal myth that exists in entrepreneurship. 
Identify the myth and explain it. Name any one more myth related with entrepreneurship. 
 
3 
12 Discuss any three essential attitudes required for entrepreneurial success. 3 
13 Write a short-note on the following personality types of entrepreneurs: 
(a) Authoritarians 
(b) Collaborators 
(c) Diplomats 
 
3 
14 ‘Entrepreneurs are problem solvers. Japanese always loved fresh fish but the waters close to Japan 
have not held many fish for decades’.  
Explain how the Japanese fishing companies solved the following problems: 
(a) The shortage of fish in the waters close to Japan. 
(b) Need for fresh fish. 
(c) To need to improve the taste of fresh fish. 
 
3 
15 Mr. Kiran wants to start a business. Discuss any three commercial functions which he will require 
to plan and perform for the same. 
 
3 
16 Explain in detail McClleland Theory of Motivation. 3 
17 Discuss any three types of feasibility study. 3 
18 ‘Starting a venture is not an easy task. A series of activities need to be planned and undertaken to 
create an enterprise’. Discuss the process of entrepreneurship briefly. 
 
4 
19 ‘Competencies is a set of defined behaviours’. State and explain any four type competencies 
required by an entrepreneur. 
 
4 
20 ‘Although structured, methodical approaches to generating ideas are important.’ Discuss any four 
structured approaches that might be adopted to generate ideas by entrepreneurs. 
 
4 
21 What do you mean by internal risk? Explain any three factors that give rise to such risks. 4 
22 ‘Though social entrepreneurs may act locally, their actions have the potential to stimulate global 
improvements in their chosen arenas, whether that is education, health care, economic 
development, the environment, the arts or any other social field’. 
In the light of the above statement, discuss the characteristics of social entrepreneurs. 
 
6 
23 ‘Women entrepreneurs have braved the world and carved a niche for themselves. Simone Tata, 
Indu Jain, Mahima Mehra are few examples for women entrepreneurs. But they face a series of 
problems right from the beginning till the enterprise functions’. Discuss any six limitations faced 
by women entrepreneurs. 
 
6 
24 Explain the barriers to entrepreneurship.  6 
 
Page 3


Page 1 of 2 
 
                     
Roll Number 
   
Code Number 
SET A 
 
General Instructions: 
1. All questions are compulsory.  
2. There are total 24 questions in all.  
3. Marks for each question are indicated against it.  
4. Questions 1 to 5 are very short answer questions of 1 mark each.  
5. Question 6 to 10 are short answer type questions of 2 marks. These are to be answered in 30 words each. 
6. Questions 11 to 17 are short answer questions of 3 marks each. These are to be answered in 60 words each. 
7. Questions 18 to 21 are short answer questions of 4 marks each. These are to be answered in 70 words each. 
8. Questions 22 to 24 are long answer questions of 6 marks each. These are to be answered in 100 words each. 
9. Answer should be brief and to the point and the above word limit be adhered to as far as possible. 
 
1 Who is an entrepreneur? 1 
2 Differentiate between a technical and non-technical entrepreneur? 1 
3 Explain feasibility study. 1 
4 Narrate the meaning of business incubation. 1 
5 List any two fields in which ‘Trailblazer’ has business strength. 1 
6  ‘Innovation is the hallmark of entrepreneurship’. Why is innovation referred as one of the basic 
function of an entrepreneur? 
 
2 
7 Mention the four core values that are generally possessed by dynamic entrepreneurs. 2 
8 ‘Evaluation of idea is an important step in researching the venture’s feasibility’. Discuss the 
importance of evaluating ideas. 
 
2 
9 Discuss any two advantages of entrepreneurship. 2 
10 Distinguish between spontaneous entrepreneurs and induced entrepreneurs. 2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI  Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 2 of 2 
 
11 ‘Mahima Nehra started Hathi Chaap. It was totally a new venture where different raw materials 
were tried out to make handmade paper. After researching a lot, they found that elephant dung had 
more fibre content which made it easy to make handmade paper’.  
This entrepreneur is an example to contradict the normal myth that exists in entrepreneurship. 
Identify the myth and explain it. Name any one more myth related with entrepreneurship. 
 
3 
12 Discuss any three essential attitudes required for entrepreneurial success. 3 
13 Write a short-note on the following personality types of entrepreneurs: 
(a) Authoritarians 
(b) Collaborators 
(c) Diplomats 
 
3 
14 ‘Entrepreneurs are problem solvers. Japanese always loved fresh fish but the waters close to Japan 
have not held many fish for decades’.  
Explain how the Japanese fishing companies solved the following problems: 
(a) The shortage of fish in the waters close to Japan. 
(b) Need for fresh fish. 
(c) To need to improve the taste of fresh fish. 
 
3 
15 Mr. Kiran wants to start a business. Discuss any three commercial functions which he will require 
to plan and perform for the same. 
 
3 
16 Explain in detail McClleland Theory of Motivation. 3 
17 Discuss any three types of feasibility study. 3 
18 ‘Starting a venture is not an easy task. A series of activities need to be planned and undertaken to 
create an enterprise’. Discuss the process of entrepreneurship briefly. 
 
4 
19 ‘Competencies is a set of defined behaviours’. State and explain any four type competencies 
required by an entrepreneur. 
 
4 
20 ‘Although structured, methodical approaches to generating ideas are important.’ Discuss any four 
structured approaches that might be adopted to generate ideas by entrepreneurs. 
 
4 
21 What do you mean by internal risk? Explain any three factors that give rise to such risks. 4 
22 ‘Though social entrepreneurs may act locally, their actions have the potential to stimulate global 
improvements in their chosen arenas, whether that is education, health care, economic 
development, the environment, the arts or any other social field’. 
In the light of the above statement, discuss the characteristics of social entrepreneurs. 
 
6 
23 ‘Women entrepreneurs have braved the world and carved a niche for themselves. Simone Tata, 
Indu Jain, Mahima Mehra are few examples for women entrepreneurs. But they face a series of 
problems right from the beginning till the enterprise functions’. Discuss any six limitations faced 
by women entrepreneurs. 
 
6 
24 Explain the barriers to entrepreneurship.  6 
 
EXPECTED VALUE POINTS AND SCHEME OF EVALUATION 
Q.NO. Answers 
Marks 
(with split 
up) 
1 An individual, who undertakes the formation of an organization for commercial 
purposes by recognizing the potential demand for goods and services, and there by acts 
as an economic agent and transforms demand into supply. 
1 
2 The entrepreneurs who are technical by nature in the sense of having the capability of 
developing new and improved quality of goods and services out of their own 
knowledge, skill and specialization are called a technical entrepreneur. 
Non- technical entrepreneurs are those who are mainly concerned with developing 
alternative marketing and distribution strategies to promote their business. 
(½+½) = 1 
3 A feasibility study can be defined as a controlled process for identifying problems and 
opportunities, determining objectives, describing situations, defining successful 
outcomes and assessing the range of costs and benefits associated with several 
alternatives for solving a problem. 
1 
4 It is an organization designed to accelerate the growth and success of entrepreneurial 
companies through an array of business support resources and services like providing 
physical space, capital, coaching, common services and networking connections.  
1 
5 Competitive, ambitious, goal-oriented, logical, analytical, practical, realistic. 
( Any two fields) 
(½ + ½) =1 
6 As an innovator, the entrepreneur has to introduce new combinations of the means of 
productions, new product, new market for a product and new sources of raw material. 
2 
7 Core values: 
(1) Innovation and creativity 
(2) Independence or self-reliance 
(3) Respect for work 
(4) Quest for outstanding performance or achievement orientation 
(½ + ½+½ + 
½)  
= 2 
8 (1) To decide what is important: Idea evaluation is important because it forces the 
entrepreneur to decide what is important to the entrepreneurial venture, which 
the entrepreneur is pursuing. 
(2) To identify strengths and weaknesses of the idea: By evaluating the strengths 
and weakness of each idea, the entrepreneur is forced to identify and asses the 
strong and weak points because in looking at the strengths and weakness of 
each alternative one is getting information to help one to make a better 
decision. 
(3) To make the best use of limited resources: Most entrepreneurs have limited 
amount of money, time, people or other resources that will be needed to 
pursue their entrepreneurial ideas by evaluating their entrepreneurial ideas, 
they can make sure their choices make the best use of those limited resources. 
(4) To minimize risks while maximizing return: By evaluating the ideas, there is an 
opportunity to minimize the level of risk exposure while maximizing the possible 
amount of payoff return. 
2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 4


Page 1 of 2 
 
                     
Roll Number 
   
Code Number 
SET A 
 
General Instructions: 
1. All questions are compulsory.  
2. There are total 24 questions in all.  
3. Marks for each question are indicated against it.  
4. Questions 1 to 5 are very short answer questions of 1 mark each.  
5. Question 6 to 10 are short answer type questions of 2 marks. These are to be answered in 30 words each. 
6. Questions 11 to 17 are short answer questions of 3 marks each. These are to be answered in 60 words each. 
7. Questions 18 to 21 are short answer questions of 4 marks each. These are to be answered in 70 words each. 
8. Questions 22 to 24 are long answer questions of 6 marks each. These are to be answered in 100 words each. 
9. Answer should be brief and to the point and the above word limit be adhered to as far as possible. 
 
1 Who is an entrepreneur? 1 
2 Differentiate between a technical and non-technical entrepreneur? 1 
3 Explain feasibility study. 1 
4 Narrate the meaning of business incubation. 1 
5 List any two fields in which ‘Trailblazer’ has business strength. 1 
6  ‘Innovation is the hallmark of entrepreneurship’. Why is innovation referred as one of the basic 
function of an entrepreneur? 
 
2 
7 Mention the four core values that are generally possessed by dynamic entrepreneurs. 2 
8 ‘Evaluation of idea is an important step in researching the venture’s feasibility’. Discuss the 
importance of evaluating ideas. 
 
2 
9 Discuss any two advantages of entrepreneurship. 2 
10 Distinguish between spontaneous entrepreneurs and induced entrepreneurs. 2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI  Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 2 of 2 
 
11 ‘Mahima Nehra started Hathi Chaap. It was totally a new venture where different raw materials 
were tried out to make handmade paper. After researching a lot, they found that elephant dung had 
more fibre content which made it easy to make handmade paper’.  
This entrepreneur is an example to contradict the normal myth that exists in entrepreneurship. 
Identify the myth and explain it. Name any one more myth related with entrepreneurship. 
 
3 
12 Discuss any three essential attitudes required for entrepreneurial success. 3 
13 Write a short-note on the following personality types of entrepreneurs: 
(a) Authoritarians 
(b) Collaborators 
(c) Diplomats 
 
3 
14 ‘Entrepreneurs are problem solvers. Japanese always loved fresh fish but the waters close to Japan 
have not held many fish for decades’.  
Explain how the Japanese fishing companies solved the following problems: 
(a) The shortage of fish in the waters close to Japan. 
(b) Need for fresh fish. 
(c) To need to improve the taste of fresh fish. 
 
3 
15 Mr. Kiran wants to start a business. Discuss any three commercial functions which he will require 
to plan and perform for the same. 
 
3 
16 Explain in detail McClleland Theory of Motivation. 3 
17 Discuss any three types of feasibility study. 3 
18 ‘Starting a venture is not an easy task. A series of activities need to be planned and undertaken to 
create an enterprise’. Discuss the process of entrepreneurship briefly. 
 
4 
19 ‘Competencies is a set of defined behaviours’. State and explain any four type competencies 
required by an entrepreneur. 
 
4 
20 ‘Although structured, methodical approaches to generating ideas are important.’ Discuss any four 
structured approaches that might be adopted to generate ideas by entrepreneurs. 
 
4 
21 What do you mean by internal risk? Explain any three factors that give rise to such risks. 4 
22 ‘Though social entrepreneurs may act locally, their actions have the potential to stimulate global 
improvements in their chosen arenas, whether that is education, health care, economic 
development, the environment, the arts or any other social field’. 
In the light of the above statement, discuss the characteristics of social entrepreneurs. 
 
6 
23 ‘Women entrepreneurs have braved the world and carved a niche for themselves. Simone Tata, 
Indu Jain, Mahima Mehra are few examples for women entrepreneurs. But they face a series of 
problems right from the beginning till the enterprise functions’. Discuss any six limitations faced 
by women entrepreneurs. 
 
6 
24 Explain the barriers to entrepreneurship.  6 
 
EXPECTED VALUE POINTS AND SCHEME OF EVALUATION 
Q.NO. Answers 
Marks 
(with split 
up) 
1 An individual, who undertakes the formation of an organization for commercial 
purposes by recognizing the potential demand for goods and services, and there by acts 
as an economic agent and transforms demand into supply. 
1 
2 The entrepreneurs who are technical by nature in the sense of having the capability of 
developing new and improved quality of goods and services out of their own 
knowledge, skill and specialization are called a technical entrepreneur. 
Non- technical entrepreneurs are those who are mainly concerned with developing 
alternative marketing and distribution strategies to promote their business. 
(½+½) = 1 
3 A feasibility study can be defined as a controlled process for identifying problems and 
opportunities, determining objectives, describing situations, defining successful 
outcomes and assessing the range of costs and benefits associated with several 
alternatives for solving a problem. 
1 
4 It is an organization designed to accelerate the growth and success of entrepreneurial 
companies through an array of business support resources and services like providing 
physical space, capital, coaching, common services and networking connections.  
1 
5 Competitive, ambitious, goal-oriented, logical, analytical, practical, realistic. 
( Any two fields) 
(½ + ½) =1 
6 As an innovator, the entrepreneur has to introduce new combinations of the means of 
productions, new product, new market for a product and new sources of raw material. 
2 
7 Core values: 
(1) Innovation and creativity 
(2) Independence or self-reliance 
(3) Respect for work 
(4) Quest for outstanding performance or achievement orientation 
(½ + ½+½ + 
½)  
= 2 
8 (1) To decide what is important: Idea evaluation is important because it forces the 
entrepreneur to decide what is important to the entrepreneurial venture, which 
the entrepreneur is pursuing. 
(2) To identify strengths and weaknesses of the idea: By evaluating the strengths 
and weakness of each idea, the entrepreneur is forced to identify and asses the 
strong and weak points because in looking at the strengths and weakness of 
each alternative one is getting information to help one to make a better 
decision. 
(3) To make the best use of limited resources: Most entrepreneurs have limited 
amount of money, time, people or other resources that will be needed to 
pursue their entrepreneurial ideas by evaluating their entrepreneurial ideas, 
they can make sure their choices make the best use of those limited resources. 
(4) To minimize risks while maximizing return: By evaluating the ideas, there is an 
opportunity to minimize the level of risk exposure while maximizing the possible 
amount of payoff return. 
2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI Time Allotted: 3 Hrs 
 Max. Marks:70 
( Any two points. ½ for point and ½ for explanation) 
9 (1) Excitement: Due to its high capacity of risk, there is a lot of adventure which 
later turned out to be a successful venture. 
(2) Originality: Some feel that they can offer a new service or product that no one 
else has offered before. 
(3) Independence: Some wish to be their own boss and make all the important 
decisions themselves. 
(4) Rational salary: They are not being paid what they are worth and would rather 
work on their own and earn the money they should be earning for their efforts. 
 ( Any two points. ½ for point and ½ for explanation) 
2 
10 Spontaneous entrepreneurs are motivated by their desire for self-fulfillment and to 
achieve or prove their excellence in job performance. 
Induced entrepreneurs enter into partnership because of various government supports 
provided in terms of financial assistance, incentives, concessions and other facilities to 
the people who want to set up of their new enterprises.  
(1=1) =2  
11 The myth discussed here is that most entrepreneurs start business in attractive 
industries. (2) 
Any other myth: 
(1) Starting business is easy 
(2) It takes a lot of money to finance a new business 
(3) Start-ups can’t be financed with debt 
(4) Banks don’t lend money to start-ups 
(5) The growth of a start-up depends more on an entrepreneur’s talent than on the 
business on the business he chooses 
(6) Most enterprises are successful financially 
( Any one point. 1 mark) 
3 
12 (1) Affects behavior: People have a natural tendency to maintain consistency 
between attitude and behavior.  
(2) It is invisible: It constitutes a psychological phenomenon which cannot be 
directly observed. 
(3) Attitudes are acquired: Attitudes are gradually learnt over a period of time. 
(4) Attitudes are pervasive: They are formed in the process of socialization and may 
relate to anything in the world. 
( Any three points. ½ for point and ½ for explanation) 
3 
13 (a) Authoritarians: Authoritarians are the loyal workers who make the world 
function- they make their products, service their systems and always do it right. 
They can be an excellent distributor, franchisee or owner of an existing 
business. 
(b) Collaborators: They have a personality gift called sociability. Collaborators are 
good at running customer service-oriented or retail businesses, or any business 
where being convincing is an important aspect of getting the job done and done 
right. 
(c) Diplomats: They are restless and enjoy working under pressure. They get things 
done quickly and work well with deadlines. 
(1+1+1)= 3 
14 (a) Led to the use of bigger boats 
(b) Installation of freezers or fish tanks 
(c) Added shark 
(1+1+1)= 3 
15 (1) Production: It is the creation of goods and services. It consists of manufacturing, 
ancillary and advisory activities. 
(2) Finance: It starts with setting up of an enterprise and remains at all times. 
(3) Marketing: It is primarily concerned with the movement of goods and services 
from the producer to the ultimate consumer. 
3 
Page 5


Page 1 of 2 
 
                     
Roll Number 
   
Code Number 
SET A 
 
General Instructions: 
1. All questions are compulsory.  
2. There are total 24 questions in all.  
3. Marks for each question are indicated against it.  
4. Questions 1 to 5 are very short answer questions of 1 mark each.  
5. Question 6 to 10 are short answer type questions of 2 marks. These are to be answered in 30 words each. 
6. Questions 11 to 17 are short answer questions of 3 marks each. These are to be answered in 60 words each. 
7. Questions 18 to 21 are short answer questions of 4 marks each. These are to be answered in 70 words each. 
8. Questions 22 to 24 are long answer questions of 6 marks each. These are to be answered in 100 words each. 
9. Answer should be brief and to the point and the above word limit be adhered to as far as possible. 
 
1 Who is an entrepreneur? 1 
2 Differentiate between a technical and non-technical entrepreneur? 1 
3 Explain feasibility study. 1 
4 Narrate the meaning of business incubation. 1 
5 List any two fields in which ‘Trailblazer’ has business strength. 1 
6  ‘Innovation is the hallmark of entrepreneurship’. Why is innovation referred as one of the basic 
function of an entrepreneur? 
 
2 
7 Mention the four core values that are generally possessed by dynamic entrepreneurs. 2 
8 ‘Evaluation of idea is an important step in researching the venture’s feasibility’. Discuss the 
importance of evaluating ideas. 
 
2 
9 Discuss any two advantages of entrepreneurship. 2 
10 Distinguish between spontaneous entrepreneurs and induced entrepreneurs. 2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI  Time Allotted: 3 Hrs 
 Max. Marks:70 
Page 2 of 2 
 
11 ‘Mahima Nehra started Hathi Chaap. It was totally a new venture where different raw materials 
were tried out to make handmade paper. After researching a lot, they found that elephant dung had 
more fibre content which made it easy to make handmade paper’.  
This entrepreneur is an example to contradict the normal myth that exists in entrepreneurship. 
Identify the myth and explain it. Name any one more myth related with entrepreneurship. 
 
3 
12 Discuss any three essential attitudes required for entrepreneurial success. 3 
13 Write a short-note on the following personality types of entrepreneurs: 
(a) Authoritarians 
(b) Collaborators 
(c) Diplomats 
 
3 
14 ‘Entrepreneurs are problem solvers. Japanese always loved fresh fish but the waters close to Japan 
have not held many fish for decades’.  
Explain how the Japanese fishing companies solved the following problems: 
(a) The shortage of fish in the waters close to Japan. 
(b) Need for fresh fish. 
(c) To need to improve the taste of fresh fish. 
 
3 
15 Mr. Kiran wants to start a business. Discuss any three commercial functions which he will require 
to plan and perform for the same. 
 
3 
16 Explain in detail McClleland Theory of Motivation. 3 
17 Discuss any three types of feasibility study. 3 
18 ‘Starting a venture is not an easy task. A series of activities need to be planned and undertaken to 
create an enterprise’. Discuss the process of entrepreneurship briefly. 
 
4 
19 ‘Competencies is a set of defined behaviours’. State and explain any four type competencies 
required by an entrepreneur. 
 
4 
20 ‘Although structured, methodical approaches to generating ideas are important.’ Discuss any four 
structured approaches that might be adopted to generate ideas by entrepreneurs. 
 
4 
21 What do you mean by internal risk? Explain any three factors that give rise to such risks. 4 
22 ‘Though social entrepreneurs may act locally, their actions have the potential to stimulate global 
improvements in their chosen arenas, whether that is education, health care, economic 
development, the environment, the arts or any other social field’. 
In the light of the above statement, discuss the characteristics of social entrepreneurs. 
 
6 
23 ‘Women entrepreneurs have braved the world and carved a niche for themselves. Simone Tata, 
Indu Jain, Mahima Mehra are few examples for women entrepreneurs. But they face a series of 
problems right from the beginning till the enterprise functions’. Discuss any six limitations faced 
by women entrepreneurs. 
 
6 
24 Explain the barriers to entrepreneurship.  6 
 
EXPECTED VALUE POINTS AND SCHEME OF EVALUATION 
Q.NO. Answers 
Marks 
(with split 
up) 
1 An individual, who undertakes the formation of an organization for commercial 
purposes by recognizing the potential demand for goods and services, and there by acts 
as an economic agent and transforms demand into supply. 
1 
2 The entrepreneurs who are technical by nature in the sense of having the capability of 
developing new and improved quality of goods and services out of their own 
knowledge, skill and specialization are called a technical entrepreneur. 
Non- technical entrepreneurs are those who are mainly concerned with developing 
alternative marketing and distribution strategies to promote their business. 
(½+½) = 1 
3 A feasibility study can be defined as a controlled process for identifying problems and 
opportunities, determining objectives, describing situations, defining successful 
outcomes and assessing the range of costs and benefits associated with several 
alternatives for solving a problem. 
1 
4 It is an organization designed to accelerate the growth and success of entrepreneurial 
companies through an array of business support resources and services like providing 
physical space, capital, coaching, common services and networking connections.  
1 
5 Competitive, ambitious, goal-oriented, logical, analytical, practical, realistic. 
( Any two fields) 
(½ + ½) =1 
6 As an innovator, the entrepreneur has to introduce new combinations of the means of 
productions, new product, new market for a product and new sources of raw material. 
2 
7 Core values: 
(1) Innovation and creativity 
(2) Independence or self-reliance 
(3) Respect for work 
(4) Quest for outstanding performance or achievement orientation 
(½ + ½+½ + 
½)  
= 2 
8 (1) To decide what is important: Idea evaluation is important because it forces the 
entrepreneur to decide what is important to the entrepreneurial venture, which 
the entrepreneur is pursuing. 
(2) To identify strengths and weaknesses of the idea: By evaluating the strengths 
and weakness of each idea, the entrepreneur is forced to identify and asses the 
strong and weak points because in looking at the strengths and weakness of 
each alternative one is getting information to help one to make a better 
decision. 
(3) To make the best use of limited resources: Most entrepreneurs have limited 
amount of money, time, people or other resources that will be needed to 
pursue their entrepreneurial ideas by evaluating their entrepreneurial ideas, 
they can make sure their choices make the best use of those limited resources. 
(4) To minimize risks while maximizing return: By evaluating the ideas, there is an 
opportunity to minimize the level of risk exposure while maximizing the possible 
amount of payoff return. 
2 
 
 
FIRST TERM EXAMINATION 
 
 ENTREPRENEURSHIP  
CLASS: XI Time Allotted: 3 Hrs 
 Max. Marks:70 
( Any two points. ½ for point and ½ for explanation) 
9 (1) Excitement: Due to its high capacity of risk, there is a lot of adventure which 
later turned out to be a successful venture. 
(2) Originality: Some feel that they can offer a new service or product that no one 
else has offered before. 
(3) Independence: Some wish to be their own boss and make all the important 
decisions themselves. 
(4) Rational salary: They are not being paid what they are worth and would rather 
work on their own and earn the money they should be earning for their efforts. 
 ( Any two points. ½ for point and ½ for explanation) 
2 
10 Spontaneous entrepreneurs are motivated by their desire for self-fulfillment and to 
achieve or prove their excellence in job performance. 
Induced entrepreneurs enter into partnership because of various government supports 
provided in terms of financial assistance, incentives, concessions and other facilities to 
the people who want to set up of their new enterprises.  
(1=1) =2  
11 The myth discussed here is that most entrepreneurs start business in attractive 
industries. (2) 
Any other myth: 
(1) Starting business is easy 
(2) It takes a lot of money to finance a new business 
(3) Start-ups can’t be financed with debt 
(4) Banks don’t lend money to start-ups 
(5) The growth of a start-up depends more on an entrepreneur’s talent than on the 
business on the business he chooses 
(6) Most enterprises are successful financially 
( Any one point. 1 mark) 
3 
12 (1) Affects behavior: People have a natural tendency to maintain consistency 
between attitude and behavior.  
(2) It is invisible: It constitutes a psychological phenomenon which cannot be 
directly observed. 
(3) Attitudes are acquired: Attitudes are gradually learnt over a period of time. 
(4) Attitudes are pervasive: They are formed in the process of socialization and may 
relate to anything in the world. 
( Any three points. ½ for point and ½ for explanation) 
3 
13 (a) Authoritarians: Authoritarians are the loyal workers who make the world 
function- they make their products, service their systems and always do it right. 
They can be an excellent distributor, franchisee or owner of an existing 
business. 
(b) Collaborators: They have a personality gift called sociability. Collaborators are 
good at running customer service-oriented or retail businesses, or any business 
where being convincing is an important aspect of getting the job done and done 
right. 
(c) Diplomats: They are restless and enjoy working under pressure. They get things 
done quickly and work well with deadlines. 
(1+1+1)= 3 
14 (a) Led to the use of bigger boats 
(b) Installation of freezers or fish tanks 
(c) Added shark 
(1+1+1)= 3 
15 (1) Production: It is the creation of goods and services. It consists of manufacturing, 
ancillary and advisory activities. 
(2) Finance: It starts with setting up of an enterprise and remains at all times. 
(3) Marketing: It is primarily concerned with the movement of goods and services 
from the producer to the ultimate consumer. 
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(4) Personnel: This function is concerned with employment, development and 
compensation for the personnel, the provisions of working conditions and 
welfare measures to maintain a good workforce in the organization. 
(5) Accounting: It is defined as a systematic recording of entrepreneurial 
transactions of an enterprise and the financial position of the enterprise. 
( Any three points. ½ for point and ½ for explanation) 
16 According to McClelland, regardless of culture or gender, people are driven by three 
motives: 
(1) Achievement: The need for achievement is characterized by the wish to take 
responsibility for finding solutions to problems, master complex tasks, set goals 
and get feedback on level of success. 
(2) Affiliation: The need for affiliation is characterized by a desire to belong, an 
enjoyment of teamwork, a concern about interpersonal relationships and a 
need to reduce uncertainty. 
(3) Power: The need for power is characterized by a drive to control and influence 
others, a need to win arguments, a need to persuade and prevail. 
 
(1+1+1)= 3 
17 (1) Market feasibility: Includes a description of the industry, current market, 
anticipated future market potential, competition, sales projections, potential 
buyers etc. 
(2) Technical feasibility: Details on how to deliver a product or service. 
(3) Financial feasibility: Projects how much start-up capital is needed, sources of 
capital, returns on investment etc. 
(4) Organisational feasibility: Defines the legal and corporate structure of the 
business. 
( Any three points. ½ for point and ½ for explanation) 
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18 (1) Self- discovery                                  (2) Identifying opportunities 
(3) Generating and evaluating ideas  (4) Planning 
(5) Raising start-up capital                   (6) Start-up 
(7) Growth                                               (8) Harvest 
(½ for each point and explanation) 
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19 (1) Initiative                                              (2) Creativity and innovation 
(3) Risk taking and risk management  (4) Problem solving 
(5) Leadership                                          (6) Persistence 
(7) Quality performance                         (8) Information seeking 
(9) Systematic planning                (10) Persuasion and influencing others 
(11) Enterprise launching competencies 
(12) Enterprise management competencies 
( Any four points. ½ for point and ½ for explanation) 
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20 (1) Environment scanning: A large quantity of information from popular news 
magazines, reviews, government and consumer publications, trade publications, 
commercials etc. will have to be scanned. 
(2) Creativity and creative problem solving: Creativity is the ability to combine ideas 
in a unique way or to make unusual associations and approaches. 
(3) Brainstorming: It is usually a structured discussion in which one idea leads to 
another. 
(4) Focus groups: In a focus group a moderator focuses the group discussion or 
whatever issues are being examines. The groups provide information about 
proposed products or services in a structured setting. 
(5) Market research: This is a method of gathering information about products that 
already exists in market. 
( Any four points. ½ for point and ½ for explanation) 
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