Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain. 
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 : 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 : It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training. 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 : It involves introduction of new products, discovery of new market and sources of supply of inputs, technological break thoughts as well as introduction of new organisation forms for doing things in a better way.
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 : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above
 

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.