CBSE-SOLUTIONS
CLASS-10
PART-A
UNIT-IV ENTREPRENEURIAL SKILLS-II
1. ________ refers to recruitment, selection, training, development and compensation of the employees in an organisation.
(a) Management (b) Human Resource Management (c) Entrepreneurs (d) Employer
Answer: (b) Human Resource Management
2. An entrepreneur is a person who:
(a) Initiates, operates and undertakes the risk of starting a new business venture.
(b) Sees and imagines the world differently.
(c) Sees possibilities and solutions rather than obstacles and problems.
(d) All of the above
Answer: (d) All of the above
3. Which of the following is a positive impact of entrepreneurship?
(a) Trade imbalance
(b) Promotion of innovation
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Answer: (b) Promotion of innovation
4. Small-scale entrepreneurship:
(a) Requires significant amount of capital investment.
(b) Is an altruistic form of entrepreneurship.
(c) Is labour intensive.
(d) Involves marketing as well as manufacturing of different agricultural products.
Answer: (c) Is labour intensive. (Small-scale units are typically labour-intensive and require relatively less capital.)
5. Managerial functions of an entrepreneur are:
(a) Supervision and control
(b) Communication skills
(c) Accounting
(d) Both (a) and (b)
Answer: (d) Both (a) and (b)
6. Entrepreneurship has a crucial role in the ________ of the society.
(a) Evolution
(b) Planning
(c) Functioning
(d) None of the above
Answer: (c) Functioning
B. State 'T' for True or 'F' for False
1. Entrepreneurship is the procedure followed by an entrepreneur to establish an enterprise.
Answer: True
2. There is an indirect relationship between entrepreneurship and society.
Answer: False
3. When new businesses are started, the need for better infrastructure arises.
Answer: True
4. Society boosts entrepreneurship by creating needs and demands.
Answer: True
5. The entrepreneur's business venture does not generally reflect his personal values, attitudes, and beliefs.
Answer: False
6. Nothing matters more than the business idea.
Answer: False
7. One can acquire and develop entrepreneurial skills.
Answer: True
8. Entrepreneurship is a process of constant learning.
Answer: True
9. Entrepreneurs are not job seekers but they create opportunities of employment for people.
Answer: True
10. Entrepreneurs identify a need in the market and build a product or service for it.
Answer: True
C. Answer the following Questions
1. What is the meaning of the term “entrepreneur”?
Answer: An entrepreneur is a person who initiates, organises, manages and assumes the risk of a business venture with the aim of making profit. He/she identifies opportunities, mobilises resources and creates value.
2. Name any four qualities of an entrepreneur.
Answer: Innovation and creativity
Risk-taking ability
Leadership and decision-making skills
Self-confidence and perseverance
3.What is the relationship between entrepreneurship and society?
Answer: Entrepreneurship and society have a mutual and interdependent relationship. Society provides needs, opportunities, resources and infrastructure, while entrepreneurship fulfils societal needs, creates employment, promotes innovation and contributes to economic development.
4. What are the positive impacts of entrepreneurship on society?
Answer: Generates employment opportunities
Promotes innovation and new products/services
Contributes to economic growth and GDP
Improves standard of living
Develops infrastructure and regional balance
5. Discuss any four functions of an entrepreneur.
Answer:
Planning: Deciding what to produce, how, when and where.
Organising: Arranging resources (men, material, money, machines).
Supervision and Control: Monitoring performance and taking corrective actions.
Innovation: Introducing new ideas, products or processes.
6. What is:
(a) Social entrepreneurship?
(b) Small-scale entrepreneurship?
(c) Women entrepreneurship?
(d) Agricultural entrepreneurship?
Answer:
(a) Social entrepreneurship?
It is the process of recognising social problems and using entrepreneurial principles to create and manage a venture that brings social change and impact (while being sustainable).
(b) Small-scale entrepreneurship?
It involves starting and running businesses on a small scale, usually labour-intensive, requiring less capital and serving local or regional markets.
(c) Women entrepreneurship?
Enterprises started and managed by women entrepreneurs, often supported by government schemes for women empowerment.
(d) Agricultural entrepreneurship?
Businesses related to agriculture, such as modern farming techniques, food processing, agribusiness, organic farming, etc.
7. Write briefly about any four myths of entrepreneurship.
Answer:
Myth 1: Entrepreneurs are born, not made → Reality: Skills can be learned and developed.
Myth 2: Entrepreneurs are high-risk gamblers → Reality: They take calculated risks.
Myth 3: Entrepreneurship requires a lot of money → Reality: Many start with limited resources.
Myth 4: Entrepreneurs work only for profit → Reality: Many also focus on innovation, impact and personal satisfaction.
8. List any two factors that affect self-confidence.
Answer:
Positive past experiences and achievements
Supportive environment and encouragement from family/society.
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