Question : It mobilises factors of production into a productive enterprise or firm.
Which characteristics of entrepreneurship is highlighted here?
 

Option 1: Systematic activity
 

Option 2: Lawful and purposeful activity
 

Option 3: Related to innovation
 

Option 4: Organisation of production

Question : Operating surplus arises in the 

Option 1: Government sector .

Option 2: Production  for self consumption .

Option 3: Subsistence farming .

Option 4: Enterprise sector .

Question : How did the expansion of Chennai in the colonial period impact its urban planning? 

Option 1: It led to the creation of a centralized sewage system  

Option 2: It resulted in the segregation of residential and commercial areas  
 

Option 3: It caused a decrease in public transportation options  

Option 4: It promoted the development of coastal infrastructure 

Question : If the selling price of 50 articles is equal to the cost price of 42 articles, then what is the approximate loss or profit percentage?

Option 1: 8% profit

Option 2: 16% loss

Option 3: 10% loss

Option 4: 20% profit

Question : The opportunity cost of production of a commodity is

Option 1: The cost that the firm could have incurred when a different technique was adopted

Option 2: The cost that the firm could have incurred under a different method of production

Option 3: The actual cost incurred

Option 4: The best alternative output