Business Studies

Entrepreneurship Development

Which of the following is not the characteristics of entrepreneurship?

None of the above not characteristic; management intangible, pervasive, multidimensional, continuous.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following is the political administration function of the entrepreneur in relation to the enterprise?

Managing customer and supplier relations entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

The term ‘entrepreneur’ was first introduced by

Richard Cantillon entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

In entrepreneurial motivation N-Aff. represents,

Need for Affiliation entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following are the functions of entrepreneurs in relation to economic development? 1. Contribution to GDP 2.

1, 2 and 3 only entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following countries are in need of entrepreneurs?

Both 1 and 2 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

In the SVO (Subject, verb, object) formulation of the concepts of enterprise, entrepreneurship and entrepreneur are arra

Entrepreneur(S)→Entrepreneurship(V)→Enterprise(O) entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Entrepreneurs improve economic efficiency by, 1. Improving processes 2. Reducing wastes 3. Bringing about technical prog

1, 2 and 3 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following is the impact of economic functions of entrepreneur on local communities?

Both 1 and 2 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Consumer Protection

Directions For Questions Direction: In the questions given below are two statements labelled as Assertion (A) and Reason

Both A and R are consumer protection correct; awareness needed due to exploitation unorganised market.

Ref: NCERT Business Studies Class XII Chapter 12 Consumer Protection explains consumer rights responsibilities redressal agencies importance business consumers.

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Consumer Protection

For the protection of a consumer?s right, there is _____________

Consumer Protection Act, 1986 consumer protection correct; awareness needed due to exploitation unorganised market.

Ref: NCERT Business Studies Class XII Chapter 12 Consumer Protection explains consumer rights responsibilities redressal agencies importance business consumers.

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Consumer Protection

Changes in fashions and tastes of consumers will ______________

Shift the market demand from consumer protection correct; awareness needed due to exploitation unorganised market.

Ref: NCERT Business Studies Class XII Chapter 12 Consumer Protection explains consumer rights responsibilities redressal agencies importance business consumers.

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