Entrepreneurship

Q.

Explain the concept of business.

Q.

What are the barriers of entrepreneurship?

Q.

Who are Fabian Entrepreneurs?

Q. Which of the following is the objective of the Startup India Scheme?

1. To promote startups
2. To promote MNCs
3. To draw foreign investments
4. To promote the MSME sector

Q.

What Is the Importance of Entrepreneurship?

Q.

What Are the Pros and Cons of Entrepreneurship?

Q. Which of the following statements is/are true regarding entrepreneurship?

1. It always involves traditional trades.
2. It sometimes involves setting up an enterprise.
3. It helps tackle unemployment.
4. It aids economic growth.

Q. Which of the following is the objective of the Standup India Scheme?

1. To promote startups
2. To generate employment
3. To facilitate bank loans to small enterprises
4. To facilitate bank loans to the vulnerable

Q. Swami is a vegetable seller in Chennai. He is well known in the market for always selling fresh vegetables. He takes orders online and delivers them by the next day. Every morning, he has his team buy fresh vegetables as per the previous day's orders from wholesalers.

Choose the correct statements based on the given situation.

1. Swami is an entrepreneur because he has innovatively served customers' needs.
2. Swami is an entrepreneur because he manages the resources at his disposal.
3. Swami is not an entrepreneur because his business is vending vegetables.
4. Swami is not an entrepreneur because he does not work directly.

Q. Statement I: Entrepreneurs contribute to increasing the per capita income.

Statement II: Entrepreneurs do all the hard labour themselves.

1. Both Statement I and II are true.
2. Only Statement I is true.
3. Only Statement II is true.
4. Neither Statement I nor II is true.

Q. Which of the following correctly explains the process of savings translating into an increase in national income?

1. Savings → Loans → Buy capital goods → Hire employees → Increase production → Increase national income
2. Savings → Loans → Hire employees → Increase production → Increase national income
3. Savings → Buy capital goods → Hire employees → Increase national income
4. Savings → Buy capital goods → Hire employees → Increase production → Increase national income