CBSE Class 11 Entrepreneurship Question Paper Set E Solved

1 Who is a trailblazer? 

2 Why are attitudes pervasive? 

3 Which of the value provides goal direction to entrepreneur? 

4 Who is an entrepreneur? 

5 Mohammed Yunus , the founder of „Grameen Bank‟ and the winner of 2006 Nobel Prize , found a solution for the plight of the poor Bangladeshis who are unable to acquire funds to start their own business- microcredit.
Name the category of entrepreneur in which he can be included.

6 There are various sources from where finance can be arranged. Most entrepreneurs invest small capital for their own fund and remaining from outside. Name the outside sources of raising required capital.

7 Give meaning of:
a. Unit Cost
b. Unit Gross Margin

8 Anuj opens a grocery store. To advertise his shop in the local market, he announces free coupons worth Rs.100 and Rs. 200 on purchase of goods Rs. 1000/- and above. Which element of promotion mix is being used by Anuj? Why?

9 Discuss the importance of evaluating ideas? 

10 A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked „What are you doing here?‟ The worker answered, “Don‟t you see? I

am making out a living. I am working to earn”.
The young man moved towards the second worker and asked him the same question. He replied “Don‟t you see? I am constructing a wall. ”
The young man moved towards the third man and repeated the question.
The labourer replied “Don‟t you see, I am building a beautiful mansion. ”
All are doing the same work, and then what differentiates them?

11 Distinguish between Feasibility Study and Business Plan. 

12 “Competencies are a set of defined behaviours that provide a structured guide enabling the identification, evaluation and development of the behaviour in an individual”. Explain three types of competencies acquired by an entrepreneur.

13 At age 20, Steve Job and his friend started a company Apple in 1976. By 1982 his compa ny had to face severe competition from IBM‟s new PC. Apple unveiled their new creation Lisa which became a failure. In 1986 the Mac introduced by Job became a huge success and Apple computer has grown into a $2billion company. At the age 30 he was asked to leave the company. During the next five years he started two companies NeXT Step and Pixar. Pixar became a great success and he became an instant billionaire. In 1997 he was invited back to Apple and became the CEO of the company. What entrepreneurial functions did Steve Job show in this analysis? Explain

14 What do you understand by industry? Explain the various types of industries. 

15 State with meaning any three types of external factors that give rise to business risk. 

16 “Relying too heavily on equity can be the down fall if a business owner”. The entrepreneur can be thrown out of the company he has started. How is it possible? Explain.

17 The following information is about restaurant business started by Vijay.
His fixed cost is Rs. 20000
Variable cost is Rs. 10 per unit
Sales price is Rs. 20 per unit.
Find:
a. Minimum number of units that must be sold by the company to achieve break even.
b. Break even in terms of rupees.

18 No country can progress without the development of entrepreneurship and entrepreneurship is the yardstick to measure the development of a country. Justify the statement giving reasons.

19 Traditionally women were concentrated in their family life and were satisfied with 3K‟s – Kitchen, Kids and Knitting. Apart from the household activities they were engaged mostly in agriculture or at the most family trade activities. But with the development of small scale industries, there were extension of kitchen activities of women from s K‟s to 3P‟s viz. Pickles, Papad and Powder. With the spread education and awareness they shifted to 3E‟s – Engineering, Electronics and Energy and the journey continues…. Explain the challenges faced by the women entrepreneurs in their journey of entrepreneurship.

20 What are the important marketing mix variables? Explain each. 

21 Discuss the factors that determine the amount of working capital required by an enterprise. 

22 Barriers are not same for all individuals in the society. There are several factors that inhibit the growth of entrepreneur. Identify and explain these barriers to entrepreneurship in a society.

23 “Marketing Survey is a useless expensive tool”. Do You agree with this statement? Support your answer with reasons.

24 Ram Rahim is the owner of a small readymade garment shop. Details of his daily transactions for the month of January are given below. Construct a Cash Book for the transactions he made.
On January 1, he started his business with an opening balance of Rs.50000.
On 2nd January, he purchased furniture and basic supplies for Rs. 15000.
On 5th January, he purchased 5 dozens of T-shirts at Rs.1500 per dozen.
On 10th January, he spent Rs. 1000 on advertisement and Rs.500 for banners.
On 13th January he purchased 15 units of dress materials @Rs.500 per unit.
On 15th January, he sold 5 dozens of T-shirt @Rs.250 per piece.
On January 17, he sold 10 dress materials at Rs. 1000 per piece.
On January 20, he purchased 10 dozens of T-shirt at Rs.1200 per dozen.
On January 22, he sold 3 dress materials at Rs.1000 per piece.
On January 25, he sold 7 dozens of T shirts at Rs. 200 per piece.
On January 30, he sold 3 dozens of T-shirts at Rs. 200 per piece.
On January 31, He paid rent of Rs.500,Tea expenses Rs.300 and salary Rs. 3000

Please click on below link to download CBSE Class 11 Entrepreneurship Question Paper Set E Solved