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 : 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 : Operating surplus arises in the 

Option 1: Government sector .

Option 2: Production  for self consumption .

Option 3: Subsistence farming .

Option 4: Enterprise sector .

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 : What is the significance of the iron and steel industry?

Option 1: It is used in the production of textiles

Option 2: It is a major component in construction and manufacturing

Option 3: It is primarily used in agriculture

Option 4: It has no significant industrial use