AHSEC| CLASS 12| ENTREPRENEURSHIP DEVELOPMENT| SOLVED PAPER - 2022| H.S. 2ND YEAR
2022
ENTREPRENEURSHIP DEVELOPMENT
(Theory)
Full Marks: 70
Pass Marks: 21
Time: Three hours
The figures in the margin indicate full marks for the questions.
1. (a) Write the full form of GST. 1
(b) New Economic Policy was introduced in the year 1991. (Fill in the blank) 1Ans:- The full form of GST is Goods and Services Tax.
(d) All business needs certain basic resources. Name those resources. 1
Ans:- According to Garyfox.co, the five key resources for a business are: Financial resources, Physical resources, Intellectual resources, Human resources, Digital resources.
(e) Mention two sources of Long-term finance. 1
Ans:- Two sources of long-term finance are:-
(i) Retained earnings(ii) Debentures
(g) Give any two ‘Sales Promotion’ techniques which can be used by a business to attract new customers. 1
Ans:- “Buy one, get one free” (also called BOGOF), or “Buy two and get the third free”
(h) Name one scheme introduced by the government to promote Entrepreneurship in India. 1
Ans:- The Government of India has launched several schemes to support startups and entrepreneurship. Some of these schemes include:
(i) ASPIRE: A scheme to promote innovation, rural industries and entrepreneurship.
2. (a) Define a ‘Micro Enterprise’. 2
Ans:- A micro enterprise is a small business that sells goods and services in a local market or region. Micro enterprises typically have fewer than 10 employees and are geographically restricted.
(b) Name two factors considered by an entrepreneur to determine the viability of a project. 2
Ans:- Entrepreneurs consider several factors when determining the feasibility of a project, including:-
(i) Management skill set: Does the team have the necessary expertise and leadership to successfully implement the opportunity.
(ii) Market size: The size of the market for the product or service.
(c) What is a DPR? 2
Ans:- Detailed Project Report (DPR) is a comprehensive document that provides details about the proposed business idea. It is a part of a business plan that is presented to financial institutions or venture capitalists. DPR is a micro planning tool which includes:-
Project rationale, summary, user specifications, engineering design, technical and financial aspects, financial sustainability.
(d) Name two institutions that provides financial aid to a business project. 2
Ans:- Entrepreneurship Development Institute of India (EDI) and State Bank of India (SBI). EDI has helped set up twelve state-level specialized entrepreneurship development centers and institutes.
(e) What kind of items are included in the working capital? 2
Ans:- Working capital includes raw materials, inventory, and money used to pay workers and cover daily expenses.
Working capital management involves managing current assets and liabilities to maximize returns on assets and minimize the risk of bankruptcy.
Here are some other aspects of working capital:-
(i) Gross working capital: It includes investments in current assets like cash, inventory, prepaid expenses and bills receivable.
(ii) Cash flow management: An important aspect of working capital management which aims to achieve a balance between liquidity and profitability.
(f) Mention two components of site selection in case of an Enterprise. 2
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