Business Studies

Entrepreneurship Development

Easy

Identify the internal factor that motivates a person to become an entrepreneur.

Passion

Availability of raw material

Demand of the product

Government assistance and support

✅ Correct Option: 1

Option 1 -> Passion is an internal, intrinsic factor that comes from within an individual and drives them to pursue entrepreneurship.

Option 2 -> Availability of raw material is an external environmental factor related to resources and supply chain, not an internal motivation.

Option 3 -> Demand of the product is an external market factor that influences business viability, not an internal personal motivation.

Option 4 -> Government assistance and support is an external facilitating factor provided by external institutions, not an internal driver.

Hence, Option 1: Passion -> Passion is an internal psychological factor that originates from within the individual. It represents personal drive, enthusiasm, and intrinsic motivation that pushes a person to become an entrepreneur, unlike the other options which are all external environmental or market factors -> correct

2025: 24 May Shift 1

"Not being afraid of the risks associated with business and relying on one's capabilities to successfully manage these".

Identify the entrepreneurial competency highlighted in the aforesaid statement.

2025: 27 May Shift 2

Match List-I with List-II

List-I	List-II
Entrepreneurial Motivation	Explanation
---	---
(A) Need for Affiliation(N-Aff.)	(I) It is a desire for independence and being responsible and accountable to oneself
(B) Need for Achievement (N-Ach.)	(II) It is concerned about influencing people or the behavior of others for moving in thechosen direction.
(C) Need for Autonomy(N-Aut.)	(III) Desire to carry on the tradition of business in the family and the community towhich one belongs.
(D) Need for Power(N-Pow)	(IV) It implies a desire to accomplish something difficult.

Choose the correct answer from the options given below:

2025: 15 May Shift 2

Which of the following is not a competency of an entrepreneur?

2025: 2 June Shift 2

A 'never say die' attitude, not giving up easily, striving continuously until success is achieved, represents which among the following competencies?

2025: 15 May Shift 1

Which of the following are the competencies of entrepreneurship?

(A) Persistence

(B) Assertiveness

(D) Information-seeking

Choose the correct answer from the options given below:

2025: 2 June Shift 2

Arrange the following steps of the entrepreneurship development process in a logical sequence.

(A) Launching the venture

(B) Appraisal by the funding agencies

(D) Identifying entrepreneurial opportunities

Choose the correct answer from the options given below:

Identify the internal factor that motivates a person to become an entrepreneur.

Solution

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