Question : Statement 1: The term entrepreneur was introduced by French economist Richard Cantillon
Statement 2: The term entrepreneur was first introduced in economics by the early 19th century.

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : Statement 1: Richard defined entrepreneur as the agent who buys means of production at certain prices in order to sell the produce at uncertain prices in the future.
Statement 2: Entrepreneurship is a systematic, purposeful activity of identifying a need.
 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : The remuneration of the entrepreneur in production is

Option 1: pure profit 

Option 2: gross profit 

Option 3: net profit 

Option 4: super-normal profit 

Question : Case Study 2: The Role of Entrepreneurs

Ms. Sana is a successful entrepreneur who owns a chain of organic food stores. She sources organic produce directly from local farmers and promotes healthy eating habits. Her stores have gained popularity due to their focus on sustainability and quality products.

Question:

What role does Ms. Sana play in society as an entrepreneur?

Option 1: She provides raw materials to other businesses
  

Option 2: She creates job opportunities for local farmers
  

Option 3: She invests in the stock market

Option 4: She leads a government agency

Question : Case Study 7: Impact of Entrepreneurship on Employment

Ms. Patel, a successful entrepreneur, founded a chain of boutique hotels in various tourist destinations across the country. Her hotels have not only attracted tourists but also provided job opportunities to the local community.

Question:

Ms. Patel's role as an entrepreneur has contributed to:

Option 1: Decreased tourist attractions
 

Option 2: Increased pollution in tourist destinations
   

Option 3: Economic development and employment generation

Option 4: Decline in the hospitality industry