Question : Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent.
Which need for entrepreneurship is highlighted here?
 

Option 1: Contribution to GDP
 

Option 2: Capital formation
 

Option 3: Generation of Employment

Option 4: Generation of business opportunities for others.
 

Question : It involves diversification of economic activities across the geography, sector and technological scope which leads to development of any economy.
Which need for entrepreneurship is highlighted here?
 

Option 1: Improvement in economic efficiency
 

Option 2: Increasing spectrum and scope of economic activities
 

Option 3: Impact on local communities
 

Option 4: Capital formation
 

Question : It involves improving process, reducing wastage, increasing yield and bringing technical progress by altering labour capital ratio.
Which need for entrepreneurship is highlighted here?
 

Option 1: Improvement in economic efficiency
 

Option 2: Increasing spectrum and scope of economic activities
 

Option 3: Impact on local communities
 

Option 4: Capital formation
 

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 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