Note: Candidates are required to answer either from Option-A or Option-B.
Answer any twenty questions. (20 x 1 = 20 Marks)
1. What is the need of a feasibility study before starting a new venture?
It helps determine the viability of a project and identifies potential risks before significant capital is committed.
2. Ownership position of more than 50 percent in a business is known as ________.
Majority interest (or Controlling interest).
3. Intrapreneurship is also known as corporate venturing. (True/False)
True.
4. What is the process of creating something new called?
Innovation.
7. Who propounded the need achievement theory?
David McClelland.
8. What is the full form of EDI?
Entrepreneurship Development Institute (of India).
13. State any one funding source for entrepreneurs.
Venture Capital (or Angel Investors/Bank Loans).
18. What do you mean by 'Vocal for Local'?
It is a campaign to promote local Indian products and reduce dependency on foreign brands.
19. What is the full form of SIDBI?
Small Industries Development Bank of India.
22. What is the main reward for an entrepreneur?
Profit.
Answer any five questions. (5 x 2 = 10 Marks)
26. What do you mean by social entrepreneurship?
It refers to the use of entrepreneurial principles to organize, create, and manage a venture to achieve social change or address social problems.
27. Mention two traits of a successful entrepreneur.
* **Risk-taking**: Ability to handle uncertainty.
* **Persistence**: Continuing efforts despite failures.
Answer any five questions. (5 x 8 = 40 Marks)
Discuss Maslow's need hierarchy theory in detail.
Abraham Maslow proposed that human needs are arranged in a specific hierarchy. For an entrepreneur, these needs drive motivation:
Discuss in brief the entrepreneurial process.
The entrepreneurial process involves several key stages:
Answer any twenty questions. (20 x 1 = 20 Marks)
1. What do you mean by HRM?
Human Resource Management (HRM) is the strategic approach to managing an organization's most valuable assets—the people working there.
2. Policies are formulated on the whims of HR Managers. (True/False)
False.
5. Define HRIS.
Human Resource Information System (HRIS) is a software solution used to manage and automate HR processes and data.
10. What is the purpose of induction programme?
To welcome new employees and familiarize them with the company culture, rules, and their specific job roles.
19. Define compensation.
The total reward (monetary and non-monetary) received by an employee in exchange for their labor.
Answer any five questions. (5 x 2 = 10 Marks)
26. State any two objectives of HRM.
* To ensure availability of a competent workforce.
* To maintain high employee morale and sound industrial relations.
32. What do you understand by the concept of 360-degree performance appraisal?
It is a feedback system where an employee's performance is evaluated by superiors, peers, subordinates, and sometimes customers.
Answer any five questions. (5 x 8 = 40 Marks)
What is job analysis? What steps are involved in the process of job analysis?
Job Analysis: It is the systematic process of determining the skills, duties, and knowledge required for performing a specific job.
Steps:
What is the purpose of 'on-the-job training'? Explain briefly the prominently used on-the-job training methods.
Purpose: To allow employees to learn in the actual work environment, making the learning immediately applicable.
Methods: