Correct Answer: Systematic activity
 

Solution : Entrepreneurship is a systematic, step-by-step and purposeful activity. It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training.
Hence Option A is correct.

Hello,

PGDM in Entrepreneurship and Family Business is a program that focuses on developing entrepreneurial skills for family businesses. The duration of PGDM is of two years at IILM.

The PGDM program is designed to shape highly competent professional managers who have the potential to achieve outstanding performance in any sector of the economy.

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THANK YOU

Let me know if there's anything else you'd like to know!

Correct Answer: Economic development and employment generation

Solution : The correct answer is (c) Economic development and employment generation

Ms. Patel's founding of a chain of boutique hotels in various tourist destinations has likely contributed to economic development in those areas. Additionally, by providing job opportunities, her entrepreneurship has contributed to employment generation in the local community.

Correct Answer: Better product quality and increased productivity

Solution : The correct answer is (c) Better product quality and increased productivity

Investing in training employees in the latest technologies and innovative techniques resulted in improved skills and knowledge among the workforce. This, in turn, led to better product quality and increased productivity. The training helped the company adapt to technological advancements, enhancing its competitiveness in the market.

Correct Answer: All of the above.
 

Solution : The competencies of entrepreneurship includes

• Information seeking
• Concern for high quality of work
• Commitment to work contract

Hence Option D is correct.

Correct Answer: By providing affordable produce for consumers
 

Solution : The correct answer is (b) By providing affordable produce for consumers

The mobile application connects farmers directly to consumers, eliminating the need for middlemen. This direct connection can result in better prices for farmers and, in turn, provide affordable produce for consumers. The removal of middlemen helps streamline the supply chain, ensuring that farmers receive a fair share of the proceeds from their produce.

Correct Answer: Entrepreneurship development
 

Solution : Entrepreneurship development is the process of improving their skills and knowledge of entrepreneurship through various training and classroom programmes.
Hence option B is correct.

Correct Answer: Both statements are false.

Solution : The correct answer is (d) Both statements are false.

The Atal Innovation Mission (AIM) does not support women exclusively in the technology sector; rather, it aims to promote innovation and entrepreneurship across all sectors of the economy. I appreciate your patience and understanding.

Correct Answer: Both assertion and reason are true, and the reason correctly explains the assertion.
 

Solution : The correct answer is (a) Both assertion and reason are true, and the reason correctly explains the assertion.

The Stand-Up India scheme indeed focuses on promoting entrepreneurship among women and SC/ST entrepreneurs. Additionally, it provides financial assistance to set up greenfield enterprises by offering bank loans between Rs. 10 lakhs and Rs. 1 crore to at least one woman and one SC/ST entrepreneur per bank branch for setting up enterprises in the manufacturing, services, or the trading sector. Therefore, the reason correctly explains the assertion.

Correct Answer: Statement 1 is true, but statement 2 is false.
 

Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.

Statement 1 is true. Entrepreneurship development programs often provide aspiring entrepreneurs with training, mentoring, and access to financial resources to help them start and grow their businesses.

Statement 2 is false. The Stand Up India scheme is not limited to promoting entrepreneurship among SC/ST entrepreneurs only. It aims to support entrepreneurship among women and SC/ST entrepreneurs, providing financial assistance and support to promote inclusivity and diversity in entrepreneurship.