Question : Assertion: Entrepreneurship development plays a crucial role in economic growth.

Reason: Entrepreneurs create new ventures with the sole aim of profit motive.

Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
 

Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Option 3: The assertion is true, but the reason is false.

Option 4: The assertion is false, but the reason is true.

Question : Which need of entrepreneurship are believed to be low on affiliation, as they are expected to be, innovative, trendsetter and tradition breakers.
 

Option 1: Need for power
 

Option 2: Need for affiliation
 

Option 3: Need for autonomy
 

Option 4: All of the above.
 

Question : Case Study 3: Importance of Entrepreneurship Development

XYZ Electronics is a well-established company that has been manufacturing traditional electronic gadgets for decades. With changing consumer preferences, the demand for their products has declined. The management realized the need to innovate and cater to the growing market for smart devices. They invested in research and development to create cutting-edge smart gadgets, resulting in increased sales and market share.

Question:

The importance of entrepreneurship development is evident from XYZ Electronics' decision to:

Option 1: Lay off workers
  

Option 2: Diversify its product portfolio
  

Option 3: Outsource manufacturing to other countries

Option 4: Reduce marketing efforts

Question : The important indicator of economic development is increase in GDP. As income is generated in the production, entrepreneurship generate income through organisation of production.
Which need for entrepreneurship is highlighted here?
 

Option 1: Contribution to GDP
 

Option 2: Capital formation
 

Option 3: Generation of employees
 

Option 4: Generation of business opportunities for others.
 

Question : Assertion: The MGNREGA programme supports entrepreneurs in the technology sector through funding and mentorship.

Reason: It aims to promote innovation and entrepreneurship across all sectors of the economy.

Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
 

Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Option 3: The assertion is true, but the reason is false.

Option 4: The assertion is false and the reason is false.

Question : Statement 1: Entrepreneurship development programs provide aspiring entrepreneurs with training, mentoring, and access to financial resources.

Statement 2: The Stand Up India scheme aims to promote entrepreneurship among women and SC/ST entrepreneurs.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

Option 4: Both statements are false.

Question : Assertion: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to youth for employability.

Reason: It supports startups and promotes entrepreneurship.

Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
 

Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Option 3: The assertion is true, but the reason is false.

Option 4: The assertion is false, but the reason is true.

Question : Statement 1: Entrepreneurship development programs provide aspiring entrepreneurs with training, mentoring, and access to financial resources.

Statement 2: The Stand Up India scheme aims to promote entrepreneurship among SC/ST entrepreneurs only.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

Option 4: Both statements are false.

Question : A never say die attitude, not giving up easily, striving continuously until success is achieved.
Which competencies of entrepreneurship is highlighted here?
 

Option 1: Persistence
 

Option 2: Information seeking
 

Option 3: Concern for high quality of work
 

Option 4: Commitment to work contract
 

Question : It involves improving process, reducing wastage, increasing yield and bringing technical progress by altering labour capital ratio.
Which need for entrepreneurship is highlighted here?
 

Option 1: Improvement in economic efficiency
 

Option 2: Increasing spectrum and scope of economic activities
 

Option 3: Impact on local communities
 

Option 4: Capital formation