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GeneralClass 11CBSE

What are the main features of ‘Entrepreneurship Environment Development Programme’? (3) Ans: Entrepreneurship Environment Development programme has the following main features:

Removal of constraints affecting entry. Continuity and termination of venture through education. Creating an environment conducive to emergence of entrepreneurship.

GeneralClass 11CBSE

How ‘availability and fast flow of fund’ create an environment conducive to entrepreneurship development?

New financial markets have increased the availability and accessibility of funds in India. Deregulated and globally linked financial institutions, allow flow of venture capital across the national boundaries. This helps in creating an environment conducive to entrepreneurship development.

GeneralClass 11CBSE

State the main features of the strategy of ‘Entrepreneurship Development Programs’. (3) Ans: The strategy of Entrepreneurship Development Programs involved: - Imbibing entrepreneurial quality and motivation. - Developing capacity of sensing, selecting, planning

nd establishing an enterprise. Acquiring ability to successfully manage the enterprise.

GeneralClass 11CBSE

Mention the areas in which entrepreneurship development contributes.

The entrepreneurship development contributes in following major areas: Wealth generation. Value addition. Seeking prosperity.

GeneralClass 11CBSE

‘Entrepreneurship is inextricably linked to innovation and growth’. Explain.

The entrepreneur looks for an opportunity to offer a better product, a better service, a better process and a better programme. The success of economic growth and prosperity depends on the spirit of entrepreneurship and the drive to innovate products or services. It involves accepting new challenges for improvement and innovation. That is why entrepreneurship is inextricably linked to innovation and growth.

GeneralClass 11CBSE

What are the three stages of development of entrepreneurial process?

The three distinct stages of development of entrepreneurial process are as follows: The Project Launching stage. The Project Managing stage. The Project Growth and Development stage.

GeneralClass 11CBSE

Name the two popular strategies evolved by the government for developing entrepreneurship in India.

The two strategies evolved by the government for developing entrepreneurship in India are: Entrepreneurship Development Programme (EDP) Entrepreneurship Environment Development Programme (EEDP)

GeneralClass 11CBSE

Mention the initial efforts taken up after independence by the government of India for entrepreneurship development?

After independence, the initial efforts of entrepreneurship development were on: Employment generation. Poverty reduction.

GeneralClass 11CBSE

What do we need for the purpose of developing entrepreneurship?

In order to develop entrepreneurship, there is a need to arouse entrepreneurial qualities and motivation by being aware. Beside this, there should be a deriving experience through reading and observation.

GeneralClass 11CBSE

Who are called the great entrepreneurs?

The restless individuals who are impatient with regard to the change process are called great entrepreneurs.

GeneralClass 11CBSE

Who are the entrepreneurs?

Entrepreneurs are self-employed and income generating persons.

GeneralClass 11CBSE

What is the driving force for an entrepreneur?

Motivation is the driving force for an entrepreneur.

GeneralClass 11CBSE

What do you mean by self-employment?

Self-employment means a full time involvement in one’s own occupation or pursuit of economic advantage.

GeneralClass 11CBSE

What is meant by income generation?

Income generation refers to the activities that produce surplus or profit.

GeneralClass 11CBSE

How will you categorize enterprise on the basis of size?

On the basis of size enterprise are categorized as follows: Large industry Medium industry Small scale industries Micro-enterprises

GeneralClass 11CBSE

How will you categorise enterprise on the basis of size?

On the basis of size, enterprises are categorised as follows: Large industry. Medium industry. Small scale industries. Micro-enterprises.

GeneralClass 11CBSE

Name the three categories of enterprises.

Enterprises are broadly classified as: Industry. Trade and business. Services.

GeneralClass 11CBSE

What is meant by entrepreneurship?

Entrepreneurial career emphasises on innovative and creative activities with a constant endeavour to establish more and better comfortable living conditions. Entrepreneurs are engaged in establishment and management of business enterprises.

GeneralClass 11CBSE

What do you mean by wage-employment?

Wage-employment refers to the occupation of the people who work regularly for others and receive wages and salary in return. They are basically engaged in performing a routine task or repeating the practices as instructed or initiated by others earlier.

GeneralClass 11CBSE

Give the meaning of the term ‘occupation’ as defined in economics.

Occupations are often categorised as ‘businesses, ‘profession’ and ‘employment’. In an occupation, individuals alone or in a group are regularly engaged in a particular type of activity. Occupations are classified as self-occupied and employed.

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