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Download Testbook App Enterpreneurship Questions Latest Enterpreneurship MCQ Objective Questions FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank pl Quizzes Download App Question 1: View this Question Online Which of the following statements accurately describe characteristics of disruptive innovations? a. Disruptive innovations often target niche markets initially b. They usually offer lower performance and lower quality compared to existing products or services C. Disruptive innovations always lead to immediate market dominance d. Established companies often overlook disruptive innovations as they do not meet the needs of their current customers e. Disruptive innovations tend to improve over time, eventually outperforming existing products or services com Choose the correct answer from the options given below: 1. a, b, and d only 2. a, C, and e only 3. b, d, and e only 4. More than one of the above 5. None of the above Download Testbook App Enterpreneurship Questions Latest Enterpreneurship MCQ Objective Questions FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank pl Quizzes Download App Question 1: View this Question Online Which of the following statements accurately describe characteristics of disruptive innovations? a. Disruptive innovations often target niche markets initially b. They usually offer lower performance and lower quality compared to existing products or services C. Disruptive innovations always lead to immediate market dominance d. Established companies often overlook disruptive innovations as they do not meet the needs of their current customers e. Disruptive innovations tend to improve over time, eventually outperforming existing products or services com Choose the correct answer from the options given below: 1. a, b, and d only 2. a, C, and e only 3. b, d, and e only 4. More than one of the above 5. None of the above Answer (Detailed Solution Below) Option 1 : a, b, and d only Supercoaching Super Teachers for all govt. exams Under One Roof FREE Demo Classes Enroll For Free Now Enterpreneurship Question 1 Detailed Solution The correct answer is a,b and d only. Key Points Disruptive innovations often target niche markets initially. This is because disruptive innovations are often new and different, and they may not appeal to mainstream customers at first. However, as disruptive innovations improve and become more widely adopted, they can eventually disrupt the entire market. For example, when smartphones were first introduced, they were targeted at a niche market of early adopters who were willing to pay a premium for a new and innovative device. However, as smartphones became more affordable and they eventually disrupted the entire mobile phone industry. Important Points Established companies often overlook disruptive innovations as they do not meet the needs of their current customers. Established companies are often focused on meeting the needs of their current customers and maintaining their market share. This can make it difficult for them to see the potential of disruptive innovations. For example, when Netflix first launched, it was overlooked established media companies such as Blockbuster and Blockbuster Video. These companies were focused on their core business of renting DVDs and VHS tapes, and they did not see the potential of a streaming video service. However, Netflix eventually disrupted the entire video rental industry. Additional Information Disruptive innovations tend to improve over time, eventually outperforming existing products or services. Disruptive innovations are often new and unrefined at first. However, as they are developed and improved, they can eventually outperform existing products and services. ! Mistake Points For example, when electric cars were first introduced, they had a shorter range and were more expensive than cars. However, as electric car technology has improved, electric cars now have a longer range and are more affordable than cars in some cases. Answer (Detailed Solution Below) Option 1 : a, b, and d only Supercoaching Super Teachers for all govt. exams Under One Roof FREE Demo Classes Enroll For Free Now Enterpreneurship Question 1 Detailed Solution The correct answer is a,b and d only. Key Points Disruptive innovations often target niche markets initially. This is because disruptive innovations are often new and different, and they may not appeal to mainstream customers at first. However, as disruptive innovations improve and become more widely adopted, they can eventually disrupt the entire market. For example, when smartphones were first introduced, they were targeted at a niche market of early adopters who were willing to pay a premium for a new and innovative device. However, as smartphones became more affordable and they eventually disrupted the entire mobile phone industry. Important Points Established companies often overlook disruptive innovations as they do not meet the needs of their current customers. Established companies are often focused on meeting the needs of their current customers and maintaining their market share. This can make it difficult for them to see the potential of disruptive innovations. For example, when Netflix first launched, it was overlooked established media companies such as Blockbuster and Blockbuster Video. These companies were focused on their core business of renting DVDs and VHS tapes, and they did not see the potential of a streaming video service. However, Netflix eventually disrupted the entire video rental industry. Additional Information Disruptive innovations tend to improve over time, eventually outperforming existing products or services. Disruptive innovations are often new and unrefined at first. However, as they are developed and improved, they can eventually outperform existing products and services. ! Mistake Points For example, when electric cars were first introduced, they had a shorter range and were more expensive than cars. However, as electric car technology has improved, electric cars now have a longer range and are more affordable than cars in some cases. Key Points The statements A, C, and E are correct about innovations. Here is a brief explanation of each statement: A. Innovations are a must to survive in business: This is true because innovations can help businesses to create new products and services, improve their existing products and services, and reduce costs. These can help businesses to stay ahead of the competition and survive in the long run. C. Continuous innovations do not disrupt established usage and behaviour patterns: This is true because continuous innovations are incremental improvements to existing products and services. They do not change the way that people use or consume the products or services. E. In discontinuous innovations, there is a change not only in technology but also in behavioural patterns of usage and consumption: This is true because discontinuous innovations are new technologies that create new markets and disrupt existing markets. They change the way that people use or consume products and services. The other statements are not always true. For example, discontinuous innovations do not always lead to failures. Some discontinuous innovations can be very successful, such as the iPhone, the personal computer, and the electric car. Line extensions are not discontinuous innovations, but they are still innovations because they are new products that are added to an existing product line. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 3: View this Question Online The Theory of was given 1. Prof. Schumpeter 2. Prof. J. B. Clark 3. Prof. F. B. Hawley 4. More than one of the above 5. None of the above Key Points The statements A, C, and E are correct about innovations. Here is a brief explanation of each statement: A. Innovations are a must to survive in business: This is true because innovations can help businesses to create new products and services, improve their existing products and services, and reduce costs. These can help businesses to stay ahead of the competition and survive in the long run. C. Continuous innovations do not disrupt established usage and behaviour patterns: This is true because continuous innovations are incremental improvements to existing products and services. They do not change the way that people use or consume the products or services. E. In discontinuous innovations, there is a change not only in technology but also in behavioural patterns of usage and consumption: This is true because discontinuous innovations are new technologies that create new markets and disrupt existing markets. They change the way that people use or consume products and services. The other statements are not always true. For example, discontinuous innovations do not always lead to failures. Some discontinuous innovations can be very successful, such as the iPhone, the personal computer, and the electric car. Line extensions are not discontinuous innovations, but they are still innovations because they are new products that are added to an existing product line. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 3: View this Question Online The Theory of was given 1. Prof. Schumpeter 2. Prof. J. B. Clark 3. Prof. F. B. Hawley 4. More than one of the above 5. None of the above Answer (Detailed Solution Below) Option 1 : Prof. Schumpeter Enterpreneurship Question 3 Detailed Solution The correct answer is Prof. Schumpeter. Key Points Innovation theory of Profits The innovation theory of Profits offers a technological explanation of profits. According to Prof. Joseph A. Schumpeter, an important function of an entrepreneur is to make innovations. Innovations mean the commercial exploitation of technical inventions and new ideas related to business organization, business management, and marketing. Schumpeter holds that technical innovations can speed up production and economize costs. According to him, profits are the reward for making innovations. Important Points Kinds of innovations According to Joseph A. Schumpeter, there are the following main kinds of Introduction of new products. Introduction of products in new markets. Discovery of new sources of raw materials. Introduction of new machinery or production processes. Changes in the organizational structure of the business. Thus, the innovation theory of profit was given Prof. Schumpeter. Additional Information Prof. J. B. Clark was the propounder of the dynamic theory of profits. Prof. F. B. Hawley was the propounder of the risk theory of profits. Prof. F. H. Knight was the propounder of the uncertainty theory of profits. FREE Learning Platform Trusted Students Answer (Detailed Solution Below) Option 1 : Prof. Schumpeter Enterpreneurship Question 3 Detailed Solution The correct answer is Prof. Schumpeter. Key Points Innovation theory of Profits The innovation theory of Profits offers a technological explanation of profits. According to Prof. Joseph A. Schumpeter, an important function of an entrepreneur is to make innovations. Innovations mean the commercial exploitation of technical inventions and new ideas related to business organization, business management, and marketing. Schumpeter holds that technical innovations can speed up production and economize costs. According to him, profits are the reward for making innovations. Important Points Kinds of innovations According to Joseph A. Schumpeter, there are the following main kinds of Introduction of new products. Introduction of products in new markets. Discovery of new sources of raw materials. Introduction of new machinery or production processes. Changes in the organizational structure of the business. Thus, the innovation theory of profit was given Prof. Schumpeter. Additional Information Prof. J. B. Clark was the propounder of the dynamic theory of profits. Prof. F. B. Hawley was the propounder of the risk theory of profits. Prof. F. H. Knight was the propounder of the uncertainty theory of profits. FREE Learning Platform Trusted Students early 21st century. Disruptive innovation refers to the innovation that transforms expensive or sophisticated products or services which were previously accessible to or more skilled segment of customers to those that are more affordable and accessible to a broader population. This transformation itself disrupts the market displacing established competitors. Disruptive innovation refers to the use of technology that upsets a structure as opposed to which refers to the technology itself. Disruptive innovation requires enabling the technology, an innovative business model along a coherent value network. Example of disruptive innovation: Amazon launched as an online bookstore in the Therefore, Disruptive innovations in business are those that create a new market offering value products, involve often, new technology or a new business model to offer value to the market, and displace established firms, products and alliances i. All of the above. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 5: View this Question Online Which industrial sector promotes businesses and Entrepreneurship, and has lower barriers to market entry? 1. Service 2. Manufacturing 3. Distribution 4. More than one of the above 5. None of the above Answer (Detailed Solution Below) early 21st century. Disruptive innovation refers to the innovation that transforms expensive or sophisticated products or services which were previously accessible to or more skilled segment of customers to those that are more affordable and accessible to a broader population. This transformation itself disrupts the market displacing established competitors. Disruptive innovation refers to the use of technology that upsets a structure as opposed to which refers to the technology itself. Disruptive innovation requires enabling the technology, an innovative business model along a coherent value network. Example of disruptive innovation: Amazon launched as an online bookstore in the Therefore, Disruptive innovations in business are those that create a new market offering value products, involve often, new technology or a new business model to offer value to the market, and displace established firms, products and alliances i. All of the above. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 5: View this Question Online Which industrial sector promotes businesses and Entrepreneurship, and has lower barriers to market entry? 1. Service 2. Manufacturing 3. Distribution 4. More than one of the above 5. None of the above Answer (Detailed Solution Below) Option 4 : More than one of the above Enterpreneurship Question 5 Detailed Solution Explanation: The service sector is often the most conducive to businesses and entrepreneurship, mainly due to lower barriers to entry. This sector includes various industries such as healthcare, education, retail, finance, and professional services among others. Unlike manufacturing or agriculture, starting a business generally requires less capital investment in equipment and physical infrastructure. Additionally, it typically involves fewer regulatory hurdles than industries like agriculture or manufacturing. Furthermore, the service nature allows for greater flexibility and innovation, providing entrepreneurs with more opportunities to differentiate their offerings and compete effectively. However, while the service sector may have lower barriers to entry, succeeding in this space still requires a clear business plan, effective marketing, and a strong understanding of customer needs and expectations. Top Enterpreneurship MCQ Objective Questions FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 6 View this Question Online Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination. 1. market Organizational Human resource feasibility 2. market feasibility, Organisational feasibility, Human resource Leadership feasibility 3. Financial feasibility, feasibility, market feasibility, Organizational feasibility Option 4 : More than one of the above Enterpreneurship Question 5 Detailed Solution Explanation: The service sector is often the most conducive to businesses and entrepreneurship, mainly due to lower barriers to entry. This sector includes various industries such as healthcare, education, retail, finance, and professional services among others. Unlike manufacturing or agriculture, starting a business generally requires less capital investment in equipment and physical infrastructure. Additionally, it typically involves fewer regulatory hurdles than industries like agriculture or manufacturing. Furthermore, the service nature allows for greater flexibility and innovation, providing entrepreneurs with more opportunities to differentiate their offerings and compete effectively. However, while the service sector may have lower barriers to entry, succeeding in this space still requires a clear business plan, effective marketing, and a strong understanding of customer needs and expectations. Top Enterpreneurship MCQ Objective Questions FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 6 View this Question Online Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination. 1. market Organizational Human resource feasibility 2. market feasibility, Organisational feasibility, Human resource Leadership feasibility 3. Financial feasibility, feasibility, market feasibility, Organizational feasibility Concepts A. Entrepreneurship I. and innovation Atal Tinkering lab com B. Gaps in value II. Pradhan Mantri Matsya chains Sampada Yojana C. Think Tank Atal Innovation Mission D. Machine learning IV. Niti Aayog Choose the correct answer from the options given below: 1. (A) (II), (B) (IV), (C) (1), (D) 2. (A) (1), (B) (IV), (C) (D) (II) 3. (A) (IV), (B) (C) (I), 4. (A) (B) (II), (C) (IV), (D) (I) Answer (Detailed Solution Below) Option 4 : (A) (B) (II), (C) (IV), (D) (I) Enterpreneurship Question 7 Detailed Solution The correct answer is (A) (B) (II), (C) (IV), (D) (I). Important Points The correct match is as follows: Concepts Atal Innovation Entrepreneurship and innovation The Atal Innovation Mission (AIM) is a flagship initiative set up objectives are to create and promote the NITI Aayog in 2016 to promote innovation and an ecosystem of innovation and A entrepreneurship across the length and breadth of the entrepreneurship across the country at school, university, research institutions, country. Concepts A. Entrepreneurship I. and innovation Atal Tinkering lab com B. Gaps in value II. Pradhan Mantri Matsya chains Sampada Yojana C. Think Tank Atal Innovation Mission D. Machine learning IV. Niti Aayog Choose the correct answer from the options given below: 1. (A) (II), (B) (IV), (C) (1), (D) 2. (A) (1), (B) (IV), (C) (D) (II) 3. (A) (IV), (B) (C) (I), 4. (A) (B) (II), (C) (IV), (D) (I) Answer (Detailed Solution Below) Option 4 : (A) (B) (II), (C) (IV), (D) (I) Enterpreneurship Question 7 Detailed Solution The correct answer is (A) (B) (II), (C) (IV), (D) (I). Important Points The correct match is as follows: Concepts Atal Innovation Entrepreneurship and innovation The Atal Innovation Mission (AIM) is a flagship initiative set up objectives are to create and promote the NITI Aayog in 2016 to promote innovation and an ecosystem of innovation and A entrepreneurship across the length and breadth of the entrepreneurship across the country at school, university, research institutions, country. Gaps in value The aim of the scheme is to Pradhan Mantri Matsya Sampada bring about Blue Revolution through the sustainable Yojana (PMMSY) was launched on B development of the fisheries sector over a period of five II. 10th September 2020. years Think NI Aayog serves as the apex public policy NITI Its initiatives include a think tank of the Government of India, and the nodal road vision, agency tasked with catalyzing economic development, strategy, and action AMRUT, C and fostering cooperative federalism through the involvement of State Governments of India in the IV Digital India, Atal Innovation Mission, Medical Education Reform, agriculture economic process using a reforms approach. Atal Tinkering The objective of this scheme is to foster curiosity, Machine learning With a vision to one creativity, and imagination in young Million children in India as Neoteric Atal I. and inculcate skills such as D Innovation Mission is establishing Atal Tinkering design mindset, computational Laboratories (ATLs) in schools across India. thinking, adaptive learning, physical computing, etc. Hence, the correct answer is (A) (B) (II), (C) (IV), (D) (I). FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 8 View this Question Online Currently, the country with the highest level of entrepreneurial activity, represented Global Entrepreneurship Index is: 1. Korea 2. Norway 3. US 4. Gaps in value The aim of the scheme is to Pradhan Mantri Matsya Sampada bring about Blue Revolution through the sustainable Yojana (PMMSY) was launched on B development of the fisheries sector over a period of five II. 10th September 2020. years Think NI Aayog serves as the apex public policy NITI Its initiatives include a think tank of the Government of India, and the nodal road vision, agency tasked with catalyzing economic development, strategy, and action AMRUT, C and fostering cooperative federalism through the involvement of State Governments of India in the IV Digital India, Atal Innovation Mission, Medical Education Reform, agriculture economic process using a reforms approach. Atal Tinkering The objective of this scheme is to foster curiosity, Machine learning With a vision to one creativity, and imagination in young Million children in India as Neoteric Atal I. and inculcate skills such as D Innovation Mission is establishing Atal Tinkering design mindset, computational Laboratories (ATLs) in schools across India. thinking, adaptive learning, physical computing, etc. Hence, the correct answer is (A) (B) (II), (C) (IV), (D) (I). FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 8 View this Question Online Currently, the country with the highest level of entrepreneurial activity, represented Global Entrepreneurship Index is: 1. Korea 2. Norway 3. US 4. 3. Imitative entrepreneurs 4. Life timers entrepreneurs Answer (Detailed Solution Below) Option 1 : Drone entrepreneurs Enterpreneurship Question 9 Detailed Solution Key Points An entrepreneur is someone who starts a new firm, taking on most of the risks and reaping the majority of the gains. Entrepreneurs are frequently regarded as innovators or sources of new ideas since they replace existing products with new ones to introduce new concepts to the market. Drone entrepreneurs: Entrepreneurs who are characterized a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the organization are called Drone entrepreneurs. These business owners are very conservative and do not want to change anything about the company, SO they are hesitant to change. Even though they are losing money, they are content with their current business model and do not want to change it. Entrepreneurs who use drones are individuals who vehemently oppose environmental changes as they take place. They used to work in a specialised industry. Thus, the correct answer is Drone entrepreneur. Additional Information Fabian Entrepreneurs: These entrepreneurs have reservations about the proposed modifications to the company. They come up with any instead, they merely adopt them once they are happy with their chances of success. They wait a while until the innovation is thoroughly tried others and does not incur a significant loss in the event of failure. Imitative entrepreneurs: Entrepreneurs who only replicate the new inventions created innovative entrepreneurs are known as These only copy the technology, procedures, and methodologies invented they actually create any advances of their own. Lifetimer entrepreneurs: Such view their profession as a vital aspect of who they are. Family businesses that rely primarily on the use of individual talent fall under this category. 3. Imitative entrepreneurs 4. Life timers entrepreneurs Answer (Detailed Solution Below) Option 1 : Drone entrepreneurs Enterpreneurship Question 9 Detailed Solution Key Points An entrepreneur is someone who starts a new firm, taking on most of the risks and reaping the majority of the gains. Entrepreneurs are frequently regarded as innovators or sources of new ideas since they replace existing products with new ones to introduce new concepts to the market. Drone entrepreneurs: Entrepreneurs who are characterized a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the organization are called Drone entrepreneurs. These business owners are very conservative and do not want to change anything about the company, SO they are hesitant to change. Even though they are losing money, they are content with their current business model and do not want to change it. Entrepreneurs who use drones are individuals who vehemently oppose environmental changes as they take place. They used to work in a specialised industry. Thus, the correct answer is Drone entrepreneur. Additional Information Fabian Entrepreneurs: These entrepreneurs have reservations about the proposed modifications to the company. They come up with any instead, they merely adopt them once they are happy with their chances of success. They wait a while until the innovation is thoroughly tried others and does not incur a significant loss in the event of failure. Imitative entrepreneurs: Entrepreneurs who only replicate the new inventions created innovative entrepreneurs are known as These only copy the technology, procedures, and methodologies invented they actually create any advances of their own. Lifetimer entrepreneurs: Such view their profession as a vital aspect of who they are. Family businesses that rely primarily on the use of individual talent fall under this category. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses P1 Question Bank Quizzes Download App Question 10 View this Question Online Out of the following, the examples of radical innovations are: A. Personal Computers B. Frozen Yogurt C. Disposable diapers D. Overnight mail delivery E. Microwave popcorn Choose the correct answer from the options given below: Johnson 1. A, B and C only 2. A, C and D only 3. A, C and E only 4. B, D and E only Answer (Detailed Solution Below) Option 2 : A, C and D only Enterpreneurship Question 10 Detailed Solution Important Points The introduction of something novel or distinctive is referred to as innovation. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses P1 Question Bank Quizzes Download App Question 10 View this Question Online Out of the following, the examples of radical innovations are: A. Personal Computers B. Frozen Yogurt C. Disposable diapers D. Overnight mail delivery E. Microwave popcorn Choose the correct answer from the options given below: Johnson 1. A, B and C only 2. A, C and D only 3. A, C and E only 4. B, D and E only Answer (Detailed Solution Below) Option 2 : A, C and D only Enterpreneurship Question 10 Detailed Solution Important Points The introduction of something novel or distinctive is referred to as innovation. TO Choose the most appropriate answer from the options given below: 1. A D and E only 2. C, D and E only 3. D and E only 4. A, B, D and E only Answer (Detailed Solution Below) Option 3 : D and E only Enterpreneurship Question 11 Detailed Solution Key Points Social Enterprise: In simple words, a social enterprise can be defined as a business with social objectives whose surpluses are reinvested in society or used for the welfare of society in any manner. The main elements of the definition of social enterprise are: 1. run their own businesses with the intention of making money. 2. They clearly and explicitly state that their goal is to have a beneficial social influence. 3. Base of Pyramid (BOP) Focus: Enterprise operations directly improve the lives and livelihoods of those residing at the BOP : enhancing BOP ability to obtain essential products and or strengthening BOP producers production quality, productivity, or market connections Important Points Social enterprise is concerned with: focuses on the quality of life. Social enterprise is involved in the conservation of natural resources, Social enterprises make decisions with societal controls, Social enterprise derives a balance between economic and social return, i., to maximize gains in social, economic, and environmental Social enterprises work for business as well as societal interests, i., using corporate operations to advance society. Thus, the correct answer is D and E only. TO Choose the most appropriate answer from the options given below: 1. A D and E only 2. C, D and E only 3. D and E only 4. A, B, D and E only Answer (Detailed Solution Below) Option 3 : D and E only Enterpreneurship Question 11 Detailed Solution Key Points Social Enterprise: In simple words, a social enterprise can be defined as a business with social objectives whose surpluses are reinvested in society or used for the welfare of society in any manner. The main elements of the definition of social enterprise are: 1. run their own businesses with the intention of making money. 2. They clearly and explicitly state that their goal is to have a beneficial social influence. 3. Base of Pyramid (BOP) Focus: Enterprise operations directly improve the lives and livelihoods of those residing at the BOP : enhancing BOP ability to obtain essential products and or strengthening BOP producers production quality, productivity, or market connections Important Points Social enterprise is concerned with: focuses on the quality of life. Social enterprise is involved in the conservation of natural resources, Social enterprises make decisions with societal controls, Social enterprise derives a balance between economic and social return, i., to maximize gains in social, economic, and environmental Social enterprises work for business as well as societal interests, i., using corporate operations to advance society. Thus, the correct answer is D and E only. Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 12 View this Question Online After which of the following are the upskilling enablers for women in India? A. Introduction of electric vehicles. B. Flexible work opportunities. C. Work from home. D. Need to stay relevant, especially in technology. E. Willingness to return to work. Choose the most appropriate answer from the options given below: 1. A and B only 2. C and D only 3 C, D and E only 4. B, C, D and E only Answer (Detailed Solution Below) Option 4 : B, C, D and E only Enterpreneurship Question 12 Detailed Solution The correct answer is B, C, D and E only. Key Points The appropriate answer from the given options is: B. Flexible work opportunities. Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 12 View this Question Online After which of the following are the upskilling enablers for women in India? A. Introduction of electric vehicles. B. Flexible work opportunities. C. Work from home. D. Need to stay relevant, especially in technology. E. Willingness to return to work. Choose the most appropriate answer from the options given below: 1. A and B only 2. C and D only 3 C, D and E only 4. B, C, D and E only Answer (Detailed Solution Below) Option 4 : B, C, D and E only Enterpreneurship Question 12 Detailed Solution The correct answer is B, C, D and E only. Key Points The appropriate answer from the given options is: B. Flexible work opportunities. Question 13 View this Question Online Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R). book Assertion (A): Entrepreneurship has emerged as a focal point of policy in the majority of countries. Reason (R): Entrepreneurship contributes in job generation, innovation and promotes social cohesion. In the light of the above statements, choose the most appropriate answer from the options given below: 1. Both (A) and (R) are correct and (R) is the correct explanation of (A). 2. Both (A) and (R) are correct but (R) is NOT the correct explanation of (A). 3. (A) is correct but (R) is incorrect. 4. (A) is incorrect but (R) is correct. Answer (Detailed Solution Below) Option 1 : Both (A) and (R) are correct and (R) is the correct explanation of (A). Enterpreneurship Question 13 Detailed Solution The correct answer is Both (A) and (R) are correct and (R is the correct explanation of (A). Key Points Assertion (A): Entrepreneurship has emerged as a focal point of policy in the majority of countries. Entrepreneurship has indeed gained significant attention and importance in policy discussions and initiatives in many countries around the world. Governments recognize the potential of entrepreneurship to stimulate economic growth, create jobs, and foster innovation. They often implement policies and programs to encourage entrepreneurial activities, such as providing financial incentives, simplifying regulatory frameworks, offering support services, and promoting entrepreneurship education. Reason (R): Entrepreneurship contributes to job generation, innovation, and promotes social cohesion. Entrepreneurship plays a crucial role in job creation, as new businesses often require a workforce to operate and grow. Small and enterprises typically Question 13 View this Question Online Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R). book Assertion (A): Entrepreneurship has emerged as a focal point of policy in the majority of countries. Reason (R): Entrepreneurship contributes in job generation, innovation and promotes social cohesion. In the light of the above statements, choose the most appropriate answer from the options given below: 1. Both (A) and (R) are correct and (R) is the correct explanation of (A). 2. Both (A) and (R) are correct but (R) is NOT the correct explanation of (A). 3. (A) is correct but (R) is incorrect. 4. (A) is incorrect but (R) is correct. Answer (Detailed Solution Below) Option 1 : Both (A) and (R) are correct and (R) is the correct explanation of (A). Enterpreneurship Question 13 Detailed Solution The correct answer is Both (A) and (R) are correct and (R is the correct explanation of (A). Key Points Assertion (A): Entrepreneurship has emerged as a focal point of policy in the majority of countries. Entrepreneurship has indeed gained significant attention and importance in policy discussions and initiatives in many countries around the world. Governments recognize the potential of entrepreneurship to stimulate economic growth, create jobs, and foster innovation. They often implement policies and programs to encourage entrepreneurial activities, such as providing financial incentives, simplifying regulatory frameworks, offering support services, and promoting entrepreneurship education. Reason (R): Entrepreneurship contributes to job generation, innovation, and promotes social cohesion. Entrepreneurship plays a crucial role in job creation, as new businesses often require a workforce to operate and grow. Small and enterprises typically P My sources of employment globally. starting and expanding businesses, entrepreneurs provide opportunities for people to gain employment and contribute to the economy. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 14 View this Question Online Sequence the following steps in the preparation of a versatile and seasoned business plan. A. Industry and market analysis. B. Operations, marketing plan and financing. C. Company and management team profiling. D. Risk and contingency analysis. E. Executive summary. Choose the correct answer from the options given below: 1. A, B, D, CI E 2. C. B, A, D, E 3. E, C, A, B, D 4. D, A, C, B, E Answer (Detailed Solution Below) Option 3 : E, C, A, B, D Enterpreneurship Question 14 Detailed Solution P My sources of employment globally. starting and expanding businesses, entrepreneurs provide opportunities for people to gain employment and contribute to the economy. FREE Learning Platform Trusted Students Start Complete Exam Preparation Daily Live Practice Mock Tests MasterClasses Question Bank Quizzes Download App Question 14 View this Question Online Sequence the following steps in the preparation of a versatile and seasoned business plan. A. Industry and market analysis. B. Operations, marketing plan and financing. C. Company and management team profiling. D. Risk and contingency analysis. E. Executive summary. Choose the correct answer from the options given below: 1. A, B, D, CI E 2. C. B, A, D, E 3. E, C, A, B, D 4. D, A, C, B, E Answer (Detailed Solution Below) Option 3 : E, C, A, B, D Enterpreneurship Question 14 Detailed Solution

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