NIOS| ENTREPRENEURSHIP (249)| SOLVED PAPER – (OCT - 2022)| SECONDARY| ENGLISH MEDIUM
ENTREPRENEURSHIP
(249)
[OCT - 2022]
Time: 3 Hours
Maximum Marks: 100
Note: (i) This question paper consists of four Parts,
viz, Part - I, Part - II, Part-III and Part-IV containing 30 questions.
(ii) Part-I
contains 8 Multiple Choice Questions (MCQ). For MCQ, you have to choose the
most appropriate answer from amongst the four choices given (A), (B), (C) and
(D) and write your answer in the Answer - Book. Each question carries 1 mark.
(iii) Part - II
contains 8 Short Answer Type Questions Answer each question in 80 to 100 words.
Each question carries 3 marks.
(iv) Part-III
contains 8 Short Answer Type Questions Answer each question in 100 to 120
words. Each question carries 4 marks.
(v) Part-IV contains
6 Long Answer Type Questions. Answer each question in 120 to 150 words. Each
question carries 6 marks.
PART – I
Answer all questions.
Select the correct answer out of the given options for
questions 1 to 8. 1 × 8 = 8
1. Who is the owner of Apple Company?
(A) Steve Jobs
(B) Laxmi
Narayan Mittal
(C) Robert
Noyce
(D) Ratan
Tata
2. Social entrepreneurs take a back seat on:
(A) Social
problems
(B) Profits
(C)
Environmental problems
(D) Social
well-being
3. Identify INCORRECT difference between creativity and
innovation.
(A)
Creativity is imaginative whereas Innovation is productive.
(B) Creativity involves risk whereas Innovation does not
involve any risk.
(C)
Creativity is not quantifiable whereas Innovation is quantifiable.
(D) Money
consumption is not present in Creativity whereas it is present in Innovation.
4. Identify Geographical Indication from the following:
(A) Monalisa
painting
(B) IRTC logo
(C) Darjeeling tea
(D) Light
bulb
5. Internal Locus of Control implies
(A) No one
can control my destiny.
(B) I can control my destiny.
(C) My
parents control my destiny.
(D) My
friends control my destiny.
6. Legal aspects of partnership firm are governed by:
(A) The
Indian Partnership Act, 2013
(B) The
Indian Partnership Act, 1956
(C) The Indian Partnership Act, 1932
(D) The
Indian Partnership Act, 1912
7. Attitude defines:
(A) Positive and negative feelings about a place, person,
objects, and other things.
(B) Basic
beliefs or convictions that make one choose a specific mode of conduct over other
paths.
(C) Good or
bad considerations in any society.
(D) State of
the individual which disposes him to certain behaviours for seeking goal.
8. ICT stands for
(A) Information and Communication Tool
(B)
Information and Communication Technology
(C)
Information and Cooperation Technology
(D)
Initiative and Communication Tool
PART - II
Answer questions 9 to 16 in about 80-100 words each. 3 ×
8 = 24
9. Innovative entrepreneurs are riskier than Fabian
entrepreneurs. Examine the role of both in the light of given statement.
Ans:- Innovative entrepreneurs are more likely to take
risks than Fabian entrepreneurs:-
(i)
Innovative Entrepreneurs: These entrepreneurs are capable of creating
innovative products based on market demand. They design business models to
improve the competitiveness of the business in the market.
(ii) Fabian
Entrepreneurs: These entrepreneurs are reluctant to take risks and are
afraid of big innovations. They focus on sustainability and long-term growth,
and are interested in building sustainable businesses. They are cautious in
adopting changes and try to avoid innovations that do not fit their narrative.
Fabian
Entrepreneurs are different from risk takers. They are mostly those who have
directly owned the business from their ancestors and have not done much to
stand the business in a strong position.
10. Differentiate between Entrepreneurship and
Intrapreneurship on any two bases.
Ans:- Entrepreneurship is the process of creating,
managing, and growing a business by taking calculated risks and being
innovative. It involves combining resources, skills and approaches to bring
forward new products, services or solutions that meet market demands and create
value.
Intrapreneurship
is a system that allows employees to act like entrepreneurs within a company or
other organization. Intrapreneurs are self-motivated, proactive and
work-oriented people who take the initiative to pioneer an innovative product
or service.
As an
intrapreneur, all of your new initiatives and projects will need to work within
an existing organization or company. Roles vary:
(i)
Resources: Intrapreneurs depend on the resources of the company.
Entrepreneurs should protect themselves.
(ii) Risk:
Entrepreneurs bear all the risk whereas in case of intrapreneurs the company
bears the risk.
11. Explain the role of government in encouraging
entrepreneurs.
Ans:- Governments can play a role in encouraging
entrepreneurship in a number of ways, including:
(i) Creating
favorable business environment: Governments can provide basic facilities
like roads, ports and airports. They can also make policies that encourage investment
and entrepreneurship.
(ii)
Providing financial assistance: Governments can provide financial
assistance to small businesses and startups through various schemes and
programs.
(iii)
Providing incentives: Governments can provide incentives for businesses
that engage in socially responsible practices, such as reducing their carbon
footprint or promoting gender equality.
(iv)
Simplifying business registration: Governments can implement policies and
regulations that simplify business registration, reduce bureaucratic hurdles
and facilitate ease of doing business.
(v) Providing
funding and support for entrepreneurial organizations: Governments can
provide funding and support for incubators, accelerators, and other
entrepreneurial organizations that help entrepreneurs launch and grow their
companies.
Entrepreneurship
has been recognized as an important resource in the economic development
process of a country. It can encourage innovation by bringing new ideas,
products and services to the market. It can also contribute to social change by
developing products or services.
12. How does the government help women entrepreneurs?
Ans:- In India, where there are over 15.7 million
women-owned enterprises and women driving the start-up ecosystem, women
entrepreneurship is on the rise. It is estimated that this number will increase
by 90% during the next five years. Despite their growing enthusiasm, women
entrepreneurs still face many challenges, such as prejudice against them due to
their gender, lack of funding and inadequate support. The Government of India
has launched several programs to assist women entrepreneurs in response to
these difficulties.
We will learn
about some of the most important government initiatives for women business
owners in India in this blog.
Government
schemes to empower women in India:
Mudra Scheme:
Mudra Loan
Scheme is a government initiative in India aimed at promoting entrepreneurship
and providing financial assistance to micro and small enterprises. The scheme
has a special focus on women entrepreneurs, as it aims to empower and promote
women entrepreneurship in the country. Mudra loans for women are also available
on easy terms and conditions, with no guarantee required for loans up to Rs 10
lakh. The scheme also offers lower interest rates to women entrepreneurs,
making it an attractive option for those looking to start or expand their
business.
13. Motivation, is an indispensable management function
which is practiced by all the managers. In the light of this statement explain
the importance of motivation.
Ans:- Motivation is important in management because it
can help organizations achieve their goals:-
(i) Higher
Productivity: Motivated employees can lead to increased productivity and
better revenue results.
(ii) Better
Industrial Relations: Managers can build better relations with their
employees
(iii)
Supportive work environment: Motivated employees are more likely to accept
new changes
(iv) Decrease
in resistance to change: Motivated employees are more likely to support
change in the organization
(v) Easy
selection: Motivated employees are less likely to have turnover, thereby
saving money on recruitment and selection costs.
Motivation can
also help employees find value and social status in their jobs and derive
satisfaction from task completion.
14. Which of the two - physiological and social needs –
is to be satisfied first in the level of hierarchy? Explain with the help of
Maslow's need hierarchy theory.
Ans:- According to Maslow's hierarchy of needs,
physiological needs must be satisfied before social needs:-
(i)
Physiological needs: These are the most basic needs of human existence,
which include food and water, rest, clothing, shelter, health and reproduction.
(ii) Social
needs: These include love and belonging, and are located in the middle of
the pyramid.
Maslow's
hierarchy of needs is a five-stage model that can be divided into deficiency
needs and growth needs:-
(i) Physical
needs
(ii) Security
requirements
(iii) love and
affection
(iv) respect
(v)
Self-realization
Maslow argued
that survival needs must be met before the individual's higher needs can be
met.
Maslow
considered physiological needs to be the most important because until these
needs are satisfied all other needs become secondary. Once a person's
physiological needs are satisfied, the need for safety and security becomes
prominent.
15. Government organizations with the use of Information
Technology made it easier for the entrepreneurs to start their own business.
Explain the role of IT in reference to the given statement.
Ans:- Information technology (IT) can help entrepreneurs
in many ways, including:-
(i)
Reducing regulatory burden: Providing government services online can reduce
the regulatory burden on entrepreneurs.
(ii) Making
business processes more efficient: IT can make business processes more
efficient.
(iii)
Increasing efficiency, productivity and profitability: Technology can help
businesses increase efficiency, productivity and profitability.
(iv)
Gaining competitive advantage: Technology can help businesses gain
competitive advantage.
(v)
Reducing costs: Technology can help businesses reduce costs.
(vi) Improve
customer service: Technology can help businesses improve customer service.
(vii)
Access to real-time data and analytics: Entrepreneurs can access real-time
data and analytics without investing in expensive hardware and infrastructure.
(viii)
Scaling operations: Entrepreneurs can scale their operations more easily.
(ix)
Collaborating with remote teams: Entrepreneurs can collaborate with remote
teams more easily.
(x) Access
to funding: Technology can help businesses access funding.
Some examples
of how government organizations use IT include:-
(i) Launching
a mobile app and website for easy registration for startups
(ii)
Implementing self-service government e-portal for citizens and businesses
(iii)
Implementing electronic document management
(iv)
Implementing open-data platforms
(v)
Implementing public safety and emergency response alert systems
(vi) Applying
predictive analytics
16. What is meant by Enterprise as per MSME Act, 2006?
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