Entrepreneurship FINAL

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ST.

XAVIER’S SENIOR SECONDARY SCHOOL, DELHI – 110 054


Std. 11 Time : 3 hrs.
23-2-2023 Final Examination in ENTREPRENEURSHIP Max. Marks : 70
General Instructions:
i) The question paper contains 4 sections- A, B, C, and D.
Section A contains 18 Multiple Choice Questions carrying 1 mark each.
Section B contains 6 short answer type questions carrying 2 marks each.
Section C contains 5 long answer type questions carrying 3 marks each.
Section D contains 5 very long answer type questions carrying 5 marks each.
ii) Internal Choice is given in the paper, there is no overall choice.
Section – A
1. Ramesh is a chemical engineer working for a company selling a disinfectant spray. He knows
that the product harms the users and is constantly looking for the ways to improve the product.
After a lot of hard work, he produced a mosquito repellent which provides sonic waves to drive
away mosquitoes. It does not produce smoke or any kind of fragrance. It is absolutely safe to
be used by human beings. He named it “Insect-Out”. The price is set at Rs.230 per unit. He is
giving out one year replacement warranty as an introductory offer and will pack it in a
corrugated box with a gift-card inside. Keeping in mind the above details, identify the three
elements of marketing mix used by Ramesh. 1
i) Promotion ii) Place iii) Price iv) Product
a) (i), (ii), (iii) b) (ii), (iii), (iv)
c) (i), (iii), (iv) d) All of the above.
2. Haldiram Pvt. Ltd. is selling fast-food to the customers. Identify the channel of distribution
used by the company 1
a) Zero Level b) One Level
c) Two Level d) Three Level
3. ‘Creating Blogs to form various consumer forums and pressure groups through which an
aggrieved customer can share his experience about a product’. Is an example of: 1
a) B2C Commerce b) C2C Commerce
c) Intra B Commerce d) B2B Commerce
4. Employees can access to an organization network and can work from anywhere through
computer network. It is an example of : 1
a) B2C Commerce b) C2C Commerce
c) Intra B Commerce d) B2B Commerce
5. Pritam composed a music piece for a music and the lyrics was written by him. He wishes to
legally protect his creation. He can get a ___________ for lyrics and music piece. 1
a) Patent b) Trademark
c) Brand Mark d) Copyright
6. Maharaja & Co. has the following items in the balance sheet: Stock Rs 50,000; Trade
Creditors Rs 32,000; Debtors Rs 75,000; Cash Rs 1,00,000; Short Term Loan Rs 61,000;
Short Term Investment Rs 76,000; Gross Working Capital of the company will be: 1
a) Rs 1,14,000 b) Rs 3,01,000
c) Rs 1,50,000 d) Rs 50,000
7. Demographic are used to characterise customers based upon their _____________. 1
a) income b) marital status c) education d) All of the above.
8. Samir has decided to open a new business of supplying sports equipment to authority of
Sports Authority of India. He decided to charge the least possible price for his products and to
source them from small scale units. He tried to urge Jimmy to join his business. Before giving
his final answer, Jimmy wants to know about the business. Which part of business plan
should Jimmy look into: 1
a) General Introduction b) Production Plan
c) Business Venture d) Financial Plan
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9. Product can be classified on basis of ______________. 1


a) durability b) utility c) weight-wise d) All of the above
10. The process of preparing an inventory of skills needed for effective implementation of the
project is called as : 1
a) Economic viability b) Financial feasibility
c) Technical feasibility d) Managerial competence
11. Read the following statements: Assertion and Reason. Choose one of the correct alternatives
given below: 1
Assertion (A): Business is non-economic activity.
Reason (R): Business is undertaken with the aim of earning money.
a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct
explanation of Assertion (A).
c) Assertion (A) is True but Reason (R) is False.
d) Assertion (A) is False but Reason (R) is True.
12. Read the following statements: Assertion and Reason. Choose one of the correct alternatives
given below: 1
Assertion (A): Warehousing facilitates the availability of goods as and when required.
Reason (R): Warehousing removes this hinderance of place by providing facility of storage
of goods.
a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct
explanation of Assertion (A).
c) Assertion (A) is True but Reason (R) is False.
d) Assertion (A) is False but Reason (R) is True.
13. Read the following statements: Assertion and Reason. Choose one of the correct alternatives
given below: 1
Assertion (A): Auxiliaries to trade are generally referred as services.
Reason (R): Auxiliaries to trade facilitates activities relating to industry and trade.
a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct
explanation of Assertion (A).
c) Assertion (A) is True but Reason (R) is False.
d) Assertion (A) is False but Reason (R) is True.
Read the following text and answer the questions 14-18 on the basis of the same:
Allen is the finance manager of Vertigo Chemicals Ltd. The company wants to expands its business
activities, for which it require funds of Rs.25 Crore. Allen is of the opinion that the company
should raise funds by issue of share capital instead of raising funds through borrowed funds like
debentures, loans etc. But, the share holders of the company do not want to go for issue of
shares and are interested in raising funds through borrowed funds. This matter was discussed in
the Annual General Meeting of the Company and Allen convinced the share holder to go for share
capital.

14. The control of share holder will get diluted if the company raises the capital through 1
a) Equity Shares b) Debentures
c) Loans from financial Institutions d) Preference share
15. Payment of interest is a legal compulsion on the company when funds are raised through
issue of: 1
a) Equity Shares b) Debentures
c) Both (a) & (b) d) None of These
Page 3 Std. 11 - Entrepreneurship

16. ___________ usually have a charge on the assets of the company, while _________ do not
create any charge on assets of the company. 1
a) Debentures, Shares b) Shares, Debentures
c) Shares, Loans from financial Institutions d) None of These
17. Which of the following is not feature of borrowed funds? 1
a) No control over management of the Business.
b) Periodic Interest payment.
c) Permanent Capital.
d) All of the above.
18. Which of the following are residual owners of the company? 1
a) Equity Share Holder b) Preference Share Holder
c) Debenture Holders d) None of the Above
Section – B
19. Give the contribution of the following social entrepreneurs:
i) Vinobha Bhave ii) Bunker Roy
(OR)
Why there is a need for social entrepreneur? 2
20. Identify the type of industry highlighted in each of the following cases: 2
a) Alex is engaged in the industry of obtaining coal from a mine.
b) Nirmala imports different components from China and assemble them to make
computer.
21. Explain briefly any two external risk. 2
22. Explain any two tools of sales promotion.
(OR)
Explain briefly any two elements of promotion mix. 2
23. The role of private sector increased tremendously after the economic reforms of 1991. Why? 2
24. Explain any two advantages of entrepreneurship.
(OR)
Explain any two disadvantages of entrepreneurship. 2
Section – C
25. ‘Entrepreneurs succeed by thinking and doing new thing or old things in new way.
Entrepreneurs are those who marry their creative ideas with the purposeful action and
structure of a business. They are able to not only come up with the indigenous ideas, but
also turn those ideas into profits’. Which characteristic of entrepreneurship is being
highlighted in the given para? Explain. 3
26. What is meant by Fixed Cost? Give two examples of fixed cost and explain them.
(OR)
Explain in brief and give one examples of each. 3
a) Unit Cost b) Variable Cost
27. Distinguish between traditional market and modern market on the basis of 3
i) meaning ii) prevalent iii) emphasis.
28. Explain any three motivational entrepreneurs. 3
29. Explain contract manufacturing and Joint venture as a major dimension of international marketing.
(OR)
Explain licencing and direct investment as a major dimension of international marketing. 3
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Section – D
30. James intend to start an enterprise that produces chocolates initially in order to assess the taste
and preferences of the people about chocolates, he used social media and online surveys.
Thereafter he prepared a detailed SWOT Analysis of his enterprise to devise a strategy that will
give him an edge over the competitor. Based on his analysis of the market he planned another
segment of chocolates called ‘Desi Delight’. He planned to fix up the price of chocolate relatively
lower in the beginning and increasing later on when the demand pricks.
In the above context, 5
a) Identify the elements of marketing mix being discussed in above para.
b) Explain briefly the functions of marketing discussed in the above para.
31. Prepare cash register with bank column from the given information provided by Ramesh,
a dealer in furniture. 5
July 1, 2023: Opening Balance: Cash: Rs 98,878
Bank: Rs 1,52,250
July 2, 2023: Purchased 6 Chairs in cash @ of Rs 875 each, Bill No. 613
July 3, 2023: Purchased a Sofa set costing Rs 41,273 payment made through cheque
July 4, 2023: Purchased 2 collapsible chairs @ of Rs 12,911 each, Bill No. 5671
July 5, 2023: Sold furniture amounting Rs 4193 in cash, Bill No.1741
July 11, 2023: Paid insurance premium through cheque Rs 7911
July 12, 2023: Paid rent in cash Rs 19,200
July 13, 2023: Purchase a dining table costing Rs 13,500 payment made through cheque
July 14, 2023: Sold 3 chairs @ of Rs 1200 each in cash, Bill No.6912
July 15, 2023: Sold furniture costing Rs 24,211 received a cheque
32. What is mentorship? Explain any four services provided by the mentor.
(OR)
Explain briefly any five factors to be considered before selecting the method for collecting data. 5

33. “Entrepreneur are frequently thought of as national assets to be cultivated, motivated and
remunerated to the greatest possible extent. In fact some of the most developed nations such
as United States are world leaders due to their forward thinking innovation, research and
entrepreneurial individuals. Great entrepreneurs have the ability to change the way we live
and work, on local and international basis. If successful their innovation may improve standard
of living, and in addition to creating wealth with entrepreneurial ventures, they also create
jobs and contribute to a growing economy. The importance of entrepreneurship is not to be
understated”. Do you agree with this? Give reason to justify your answer. 5
34. Anand Electricals has been successfully manufacturing electrical accessories for the past 10 years.
As the profit margin is good, the company has been managing all the financial requirements of the
business through profits reinvested in the business. Identify the source of finance being
mentioned in the given case and state its 4 features. 5

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