SRI SATHYA SAI VIDYA VIHAR, INDORE

II TERM EXAMINATION/ PREBOARD EXAMINATION–DECEMBER- 2020

CLASS: XI
SUBJECT: ENTREPRENERSHIP

TIME: 3 Hrs. MAX MARKS: 70

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GENERAL INSTRUCTIONS:
 Objective questions from Q no 1 to 21 carries 1 mark each.
 For questions carrying 2 marks , answers must be within 50 to 75 words.
 For questions carrying 3 marks , answers must be in about 100 words.
 For questions carrying 4 marks , answers must be in about 150 words.
 For questions carrying 6 marks answers must be in about 200 words.
 Write serial number of the question before attempting it.
 Total number of printed pages :5
 Total number of Questions: 35
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Q1 Which step in the process of entrepreneurship involves researching and identifying resources 1
needed to turn an idea into a viable venture?
a) Start up
b) Harvest
c) Planning
d) Self discovery
Q2 Which of the following managerial function is responsible for matching the performance with 1
the standards?
a) Planning
b) Organising
c) Directing
d) Controlling
Q3 A young man was passing through a site of construction. He saw three labourers working at 1
thesite. He went to one of them and asked “What are you doing here?” The worker answered,
“Don‟tyou see? I am making out a living. I am working to earn.”The young man moved
towards the second man and asked him the same question.Pat came the reply “Don‟t you see?
I am constructing a wall”.The young man moved towards the third man & repeated the
question.The labourer replied “Don‟t you see? I am building a beautiful mansion”. All the
three were doing the same work, then what differentiates them is their ………………

Q4 Before putting the whole enterprise into operation, an entrepreneur is required to develop a 1
detailed blueprint o his venture. Which entrepreneurial competency is exhibited in this ?
a) Systematic Panning
b) Persistence
c) Enterprise launching competencies
d) Risk taking
Q5 Unpaid mention of the enterprise, its product, and brand by the news media in newspaper, 1
journals, radio or television and an uncontrolled form of promotion is …………..
Q6 Which ‘P’ is associated with the satisfaction level obtained by a user ? 1
a) Price
b) Place
c) Product
d) promotion
Q7 According to Peter Drucker, an entrepreneur is 1
a) risk taker
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 b) Economic agent
c) Innovator
d) Change Agent
Q8 Vishal is a budding rural entrepreneur who is working on improving the health index of the 1
women in rural areas. Vishal needs to understand various health issues confronted by women
in order to create a socially committed organization. For this, he wants to gather information
1about the target market or customers in an organized manner. This organized effort of Vishal
is known as
a) Market Survey
b) Market Research
c) Business Opportunity
d) Environment Scanning
Q9 Which of the following is not an advantage of hiring professional expertise? 1
a) Focus on the core areas/activities of the enterprise
b) Lower the chance of risks.
c) Savings of time, cost and energy.
d) Increase Wastage
Q10 Heena is working in a company on a permanent basis. As per the job agreement she had to 1
work for 8 hours a day and was free to work overtime. She worked overtime due to which she
fell ill and had to take leave from her work. No one showed concern and enquired about her
health. She realized that she was fulfilling only some of the needs while some other needs still
remained to be fulfilled. Which are the two other needs of Heena followed by the above needs
which stil remained to be satisfied:
a) Belongingness and love needs, esteem needs
b) Physiological and safety needs, Self actualization needs
c) Belongingness and love needs ,Self actualization needs
d) Esteem needs, self actualization needs
Q11 Which technique of generating business ideas involves the screening of large amount of 1
information?
a) Brainstorming
b) Focus groups
c) Environment Scanning
d) Market Research
Q12 Which one of the following sentence is correct? 1
a) "Great ideas just appear out of nowhere" is a misconception about business idea
b) There are 5 types of feasibility studies
c) Feasibity studies provides a blueprint of actions to be taken in future
d) Logistics for distribution will come under Financial plan
Q13 Entrepreneurs can use the information related to Break Even Analysis in making a wide 1
range of business decisions, including –
a) preparing competitive bids, and applying for loans.
b) starting a business
c) Knowing fixed cost
d) maximum quantity of goods to be sold
Q14 The requirement of physical infrastructure is mentioned in which form of business plan? 1
a) Financial plan
b) Organizational plan
c) Production plan
d) Human resource plan
Q15 The importance of a feasibility study is judged in terms of- 1
a) Strategic-planning
b) Sustainability
c) Idea Viability
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 d) Growth
Q16 Opinion leaders are respected by their followers as they strongly influence their attitudes. 1
Which source of attitude is being discussed?
a) Direct personal experience
b) Influential others
c) Group Association
d) Ethics
Q17 Which of the following sentence is not correct? 1
a) Expenses are derived while cost is incurred
b) Depreciation involves no flow of cash
c) Salary during initial period of business can be categorized under start up cost
d) Cash flow projection is futuristic
Q18 The concept of entrepreneurship is defined as the way a person feels about something – a 1
person, place, a commodity, a situation or an idea
a) Values
b) Business Ethics
c) Creativity
d) Attitude
Q19 This one of the following is not an objective of pricing – 1
a) To achieve target rate of return on invested capital.
b) To face competition
c) To reduce the cost of raising capital
d) To maintain or improve share of the market.
Q20 The ‘money’ charged by the enterprise for an ‘unit of sale’ to a customer 1
referred as- … … … … …
Q21 Experimenting with new ideas for example introduction of debit cards and credit cards in the 1
banking sector exhibits which core value of an entrepreneur.
a) Innovation and Creativity
b) Independence or Self –Reliance
c) Respect for work
d) Quest for outstanding performance
Q22 As the entrepreneurs climb the ladder of success , they should not forget that for success to be 2
long lasting they will have to follow some ethical standards in their business practices.
(a) What do you mean by Business Ethics? (1 mark)
(b) Write any four ways through which such practices can be followed. (1/4 mark each)

OR

A young village boy, who wanted to clear the I.A.S. examination, could not succeed because
he got stuck at the interview level. He opened an institute for aspiring youngsters. What
started as a single teacher coaching center grew into a big education institute that provides
tutorials for wide range of courses. The young man who could not achieve his dream of
becoming a civil servant, has become an entrepreneur in the field of education.
(a) Name and explain the entrepreneurial value which is exhibited in the above paragraph.
(1/2 mark)
(b) Also mention three other values possessed by an entrepreneur. (1/2 each)
Q23 Write a short note on the concept of Intrapreneurship and its importance. What will be the 2
consequences of not encouraging intrapreneurship by an organization?

Q24 Indian Government has started many programmes and schemes in order to promote 2
Entrepreneurship in the country..
Why is there a need for entrepreneurship in any country? Explain through four main points.

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Q25 Write any two differences between Maslow’s Theory and McClelland Theory of needs. 2
OR
“Economic factors refer to the purchasing power of the potential customers.” Explain. What
is meant by the terms “purchasing power and Potential Customers?

Q26 Deepak has just started an enterprise of his own selling edible spoons and plates while his 2
friend is working in a reputed local company. Both work in the interest of the company. Still
there are some differences on the basis of the occupation they are engaged in. Identify and
differentiate them on the basis of :
(a) Risk bearing.
(b) Rewards.
(c) Innovations
(d) Qualification
Q27 Explain any three features of attitude. 3
Q28 Explain the importance of evaluating ideas. 3
Q29 Identify the following items as inflow and outflow of cash giving reason: 3
a) Raw material
b) Depreciation
c) Machinery purchased
d) Loan from bank
e) Subsidy from government.
f) Excise duty paid
g) Capital invested by owner
h) Interest received on investment

Q30 Jai runs a hot dog stall outside a shopping mall. Following information is given below 4
regarding the cost and revenue:
Capacity 200 Hot Dog per day
Demand 150 Hot Dog per day
Unit Sale Price 35 per Hot Dog
Ingredients and material requirement per hot dog 15 per Hot Dog

Rent 2,000 per month

Salary 2400 per month

Other fixed overhead expenses 1600 per month

Electricity 500 per month

Calculate:
a) Total fixed cost
b) Break Even Point in units per month.
c) Prove that TC=TR at break even point.

Q31 Designex, an apparel making company sells its product through its own website. This method 4
of selling is categorized as which level of distribution?
Also explain three other methods of channel of distribution.
Q32 List and describe the various steps involved in market survey. 4
Q33 a) Source - Entrepreneur magazine - August, 2020 6
‘A recent survey conducted jointly by FICCI and Indian Angel Network revealed that 70 percent
of startups across the country have been impacted by COVID-19 while as many as 12 per cent
have had to halt operations altogether.
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 These are difficult times that no one was prepared to deal with. The prolonged lockdown had a
massive impact on the startup ecosystem. Given that they rely largely on a constant flow of
capital and investments, which due to the pandemic came to a complete standstill.
With the ongoing crisis, to keep startups afloat has become quite a challenge. However, this
challenge can be eliminated if entrepreneurs adapt to the current times, adopt new strategies, and
are open to experiments and pivot their business plans. That’s because the pandemic has not only
affected our present but also our future.’
Keeping in mind this article, state and explain any two things which should be written by startup
companies in their manpower planning .

b) What are the different sources of generating funds by a business? Explain.

Q34 Explain the various factors and forces governing or at play in the market. 6
Q35 Explain the following types of Entrepreneurs by writing two points of their distinguish 6
characteristics:
a) Fabian Entrepreneurs.
b) Drone Entrepreneurs
c) Industrial Entrepreneurs.
d) Agricultural Entrepreneurs.
e) Induced Entrepreneurs.
f) Imitative Entrepreneurs

OR

An enterprise was established in a hilly area where a large number of people were
unemployed. The main objective of the enterprise was to make popular a variety of apple that
was grown using new seed across the country. Mr. Sukhdev, the entrepreneur, owner, took
upon himself the responsibility of doing this job. He selected those areas where the enterprise
was to enter in the first instance. The entire business was divided into four department i. e.
purchase, marketing, production, finance and, persons with requisite qualification were
appointed in all departments. Special arrangements were made to keep a close watch on
different activities of the company so that there was no shortfall in quality. The company had
entered five states. Of these, sales in four states were as per expectation, but in one it was far
less than desired. Its reasons were enquired into. Thus the enterprise achieved the desired
success in the very first year.

Identify and explain the managerial functions performed by Mr.Sukhdev on the basis of the
above information

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