Question : Which of the following is not a benefit of entrepreneurship development for society?

Option 1: Economic growth and development
  

Option 2: Reduction in income inequality
    

Option 3: Increased competition and market efficiency

Option 4: Increased government control over business activities

Question : Assertion: Private sector participation in healthcare can enhance the availability and quality of medical services.

Reason: Private sector investments promote competition and innovation in the healthcare industry.

Option 1: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
    

Option 2: Both assertion and reason are correct, but the reason is not the correct explanation of the assertion.
  

Option 3: Assertion is correct, but the reason is incorrect.

Option 4: Assertion is incorrect, but the reason is correct.

Question : What was a major challenge faced by public sector enterprises during the initial Five-year Plans?

Option 1: Lack of skilled labor

Option 2: Inefficient management

Option 3: Competition from foreign companies

Option 4: Insufficient government funding

Question : Match the characteristics with their market structure:

(a) Marginal Cost (MC) = Market Price(MR)

(b) The firm will tend to set output to earn maximum profit.

Option 1: (a) Pure competition, and (b) Pure monopoly 

Option 2: (a) Pure monopoly, and  (b) Monopolistic competition  

Option 3: (a) Oligopoly, and (b) Monopolistic competition 

Option 4: (a) Pure competition, and (b) Oligopoly 

Question : The principle of esprit de corps emphasizes the importance of:

Option 1: Individual achievement and recognition

Option 2: Teamwork and team spirit

Option 3: Employee competition and rivalry

Option 4: Managerial authority and control