Absolutely, let's analyze and discuss the first few questions
along with their answers to help you understand the
context and reasoning behind each one.
Question 1:
An entrepreneur who starts a business with the help
of natural talent is called:
A. Pure entrepreneur
B. Induced entrepreneur
C. Spontaneous entrepreneur (Answer)
D. Motivated entrepreneur
Discussion:
The term "spontaneous entrepreneur" typically refers to
someone whose entrepreneurial efforts are instinctive and
based on innate abilities or talents. This contrasts with
"induced entrepreneurs," who may be encouraged by
external factors such as training, incentives, or regulatory
structures. Therefore, the correct answer is C, as it aligns
with the description given in the question.
Question 2:
A training program which is instrumental in making
a person a successful entrepreneur is known as:
A. Technical consultancy
B. Entrepreneurial development program (Answer)
C. Self-employment training
D. Achievement motivation training
Discussion:
Entrepreneurial Development Programs (EDPs) are
specialized training programs designed to nurture
entrepreneurial skills and knowledge in individuals. These
programs often cover aspects of business planning,
management, and operations, aiming to prepare
participants to start and manage their own businesses
effectively. Therefore, option B accurately identifies a
program designed for fostering entrepreneurial skills.
Question 3:
DIC stands for:
A. District industrial centre
B. District industries centre (Answer)
C. District industrial council
D. District industrial committee
Discussion:
DIC, or District Industries Centre, is a government initiative
in India aimed at promoting small-scale and medium
enterprises. It serves as a resource center for
entrepreneurs to receive guidance, support, and
infrastructure assistance. The correct answer is B, which
accurately captures the full expansion of DIC.
Question 4:
The government of India has defined woman
entrepreneurs on the basis of:
A. their participation in the equity and employment
of business enterprise. (Answer)
B. Their participation in employment
C. Their personal assets and savings
D. Their job satisfaction and achievement.
Discussion:
The definition of women entrepreneurs by the government
often involves their economic participation in the vertical of
enterprises, focusing on aspects such as ownership and
managerial roles. Thus, option A accurately reflects the
criteria set by government policy regarding women's
entrepreneurial contributions.
Question 5:
An entrepreneur who introduces new goods,
technology, and better combinations in an
enterprise is an:
A. Fabian
B. Innovative (Answer)
C. Drone
D. Cognitive
Discussion:
An innovative entrepreneur is one who brings new ideas,
products, or processes into existence, making substantial
changes that foster economic development and market
competition. Therefore, answer B is correct, as it aligns
with the characteristics described in the question.
