Business Studies

Entrepreneurship Development

Medium

Choose the correct order in the process of setting up a business.
Scanning the environment for entrepreneurial opportunities
Assessment of feasibility of the idea and preparation of a business plan
Development of product/service
Appraisal by the funding agencies
Choose the correct answer from the options given below:

(A), (C), (B), (D)

(A), (B), (D),(C)

(C), (A), (D), (B)

(C), (B), (D), (A)

✅ Correct Option: 1

Answer according to NTA answer key is 1

Scanning the environment for entrepreneurial opportunities is the starting point.

Development of product/service can begin at a preliminary level to shape the idea.

Assessment of feasibility and preparation of a business plan follows.

Appraisal by funding agencies takes place after the plan is ready.

Correct order:

(A), (C), (B), (D)

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: 22 May Shift 1

Which of the following is not included in Entrepreneurial motivation?

2025: 3 June Shift 1

“Eliciting support of others in the venture” indicates which competency of entrepreneurial performance?

2022: 17 Aug Shift 1

Which of the following is not the characteristics of Entrepreneurship?

2025: 30 May Shift 1

Arrange the following stages of the enterprise process in a logical manner.

(A) Evaluating the ideas received from different sources to find a creative solution

(B) Opportunity spotting by analysing the needs and problems that exist in the environment

(D) Setting up a project and nurturing it to success

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Arrange the following process of setting up of a business chronologically.

A. Assessment of feasibility of idea and preparing plan

B. Scanning the environment for opportunities

C. Resource mobilization

D. Appraisal by funding agencies

E. Development of product/service idea

Choose the correct answer from the options given below:

Solution