AHSEC| CLASS 12| ENTREPRENEURSHIP DEVELOPMENT| SOLVED PAPER - 2019| H.S. 2ND YEAR
2019
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) MSME Act was implemented in which of the following years? 1
(i) 2006
(ii) 2007
(iii) 2008
(iv) None of these.
(b) India was declared as open economy in which of the following years? 1
(i) 1990
(ii) 1991
(iii) 1992
(iv) None of these.
(c) In the year 1950, the Fiscal Commission of India gave the definition of small-scale industry for the first time. (Fill in the gap) 1
(d) Where is EDII situated? 1
Ans:- Ahmedabad, Gujarat, India.
(e) In which year NABARD was established? 1
Ans:- In July 12, 1982.
(f) Write the full form of VAT. 1
Ans:- Value-Added Tax (VAT).
(g) The term POSDCORB was initiated by whom? 1
Ans:- Luther Gulick and Lyndall Urwick.
(h) Under which rule the accounts are divided as real, nominal and personal accounts? 1
Ans:- The Golden Rule of Accounting.
(i) In which year the first Industrial Policy of India was declared? 1
Ans:- In April 6, 1948.
2. (a) What is meant by woman enterprise? 2
Ans:- According to the Government of India, a women's enterprise is a business that is owned and controlled by a woman with a minimum 51% financial interest in its capital. It also gives at least 51% of the employment generated to women.
Women who start or run their own businesses are called women entrepreneurs. The capabilities, objectives and motivations of women entrepreneurs may be different from those of men in the same situation.
(b) Mention two components of site selection in case of an Enterprise. 2
Ans:- Site selection is the process of evaluating and selecting the best location for a business or project. It involves the analysis of many factors, including: market dynamics, competition, access, infrastructure, regulatory requirements.
Here are some other factors to consider when selecting a site for an enterprise:-
(i) Labor cost
(ii) Quality of life
(c) What is resource? 2
Ans:- A resource is a source or supply that produces a benefit. Resources can be renewable or non-renewable. Renewable resources can replenish themselves at the same rate that they are used, whereas non-renewable resources have a limited supply.
Resources may also refer to:-
(i) Natural resources: Materials which living organisms can take from nature to maintain life. Natural resources include air, water, soil, minerals, coal, petroleum, animals and plants.
(ii) Water resources: Sources of water that are useful or potentially useful.
(d) What is indirect tax? 2
Ans:- Indirect Tax: It is known as a type of tax in which the tax burden can be shifted to another person. Indirect taxes are levied on goods and services and not on any kind of income or profits.
3. (a) What is meant by Industrial sickness? Explain. 3
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