ANNEXURE C

CONTENT

BLOCK- 1 INTRODUCTION OF ENTREPRENEUR

Unit 1- Entrepreneur: Meaning and Theories

Unit 2- Socio Economic Environment and Innovation

BLOCK- 2 ENTREPRENEURS AND SOCIAL RESPONSIBILITY

Unit 3- Entrepreneur: Types and Functions

Unit 4- Entrepreneur: Specific Traits and Social Responsibilities

BLOCK- 3 NEW VENTURES

Unit 5- Environmental Analysis for New Venture

Unit 6- Raising Funds And Legal Requirement

BLOCK- 4 ENTREPRENERIAL DEVELOPMENT PROGRAMMERS

Unit 7- Entrepreneurial Development Programmers

Unit 8- Role of Entrepreneur

ANNEXURE (D)

BLOCK: 1 INTRODUCTION OF ENTREPRENEUR

Page No. Unit 1- Entrepreneur: Meaning and Theories -

Unit 2- Socio Economic Environment and Innovation -

BLOCK: 1 INTRODUCTION OF ENTREPRENEUR

The concept of Entrepreneurship has assumed prime importance for accelerating economic growth both in developed and developing countries. In this block we will find the importance and nature of the entrepreneurship for an individual as well as for the economy.Entrepreneurship is not an inborn skill, it is a product of environment. We will try to understand the role of environment in the development of entrepreneurial skills.This section will focus on the Theories of entrepreneurship and innovations.

Unit-1: This unit covers ‘Entrepreneur: Meaning and Theories’, explains meaning, nature, emergence and Theories of Entrepreneurship.

Unit-2: This unit covers ‘Socio Economic Environment and Innovation’, describes some aspects of relationship between Entrepreneurship and Environment. This will explain the Entrepreneur and Innovation.

ANNEXURE (E)

UNIT-1 ENTREPRENEUR: MEANING AND THEORIES

Objectives

The objectives of this unit are to enable you:

Explain the meaning and Nature of Entrepreneur Discuss the importance and emergence of Entrepreneur Describe the role of various theories of Entrepreneurship Narrate the Functions and Roles of Entrepreneurship

Structure

1.1 Meaning of Entrepreneurship1.1.1 Various Concepts of Entrepreneurship1.1.2 Definition of Entrepreneurship

1.2 Nature and Characteristics1.3 Classification of Entrepreneurship1.4 Emergence of Entrepreneurship1.5 Theories of Entrepreneurship

1.5.1 Risk Bearing Theory of Knight1.5.2 Innovation Theory of Schumpeter1.5.3 Leibenstein’s X- Efficiency Theory1.5.4 Economic Forces Theory1.5.5 Resource Based Theory of Entrepreneurship1.5.6 Socio Logical Theory1.5.7 Hagen’s Theory of Entrepreneurship1.5.8 Shapero and Sokol’s Theory of Entrepreneurship1.5.9 Process- Oriented Model of Stevenson1.5.10 Max Weberian Model of Entrepreneurship1.5.11 Exposure Theory of Entrepreneurship1.5.12 Political System Theory of Entrepreneurship1.5.13 Regional Climate Theory1.5.14 Drucker’s Theory of Systematic Entrepreneurship

1.6 Summary1.7 Self Assessment Questions

1.6 SUMMARY

Entrepreneurship is the process of identifying opportunities in the market place, arranging resources required to exploit the opportunities for long term gains. It is creating wealth by bringing together resources in new way to start and operate an enterprise. It is the process of planning, organizing, operating and assuming the risk of a business venture. There is nothing as practical as a good theory. Every practice rests on theory, even if the practitioners themselves are unaware of it. Entrepreneurship rests on a theory of economy and Society

1.7 Self Assessment QuestionsA) Objective Types

1. On the basis of type of Business Occupation, which one is not a type of Entrepreneurship-?

a) Business Entrepreneurb) Trading Entrepreneurc) Industrial Entrepreneurd) Pure Entrepreneur

2. There are ----------- components that are involved in the Entrepreneurial process-

a) Sixb) Sevenc) Eightd) Nine

3. Which one is not included in Impetus for Entrepreneurship?

a) Negative displacementb) Positive Pushc) Positive Pulld) Negative Pull

B) Short Answer Question

4. What is Entrepreneur?5. Who are Copreneurs?6. Describe the major functions of Entrepreneur.7. What qualities are required for a successful Entrepreneur?8. Explain the concept of ‘Locus of Control’.9. Discuss Exposure Theory of Entrepreneurship.10. “Profit is the reward for uncertainty bearing” Discuss.

C) Descriptive Type Questions

11. Discuss the different types of Entrepreneurs.12. “An Entrepreneur is a catalytic agent in economic development. Explain the role and significance of an Entrepreneur in developing economy with reference to the above statement.13. “Entrepreneur is one who takes risk.” Explain it and discuss the main qualities of a successful entrepreneur.14. What is Innovation Theory of Entrepreneurship? Also evaluate it.15. Enunciate the ‘Exposure Theory’ of Entrepreneurship.

ANNEXURE (E)

UNIT-2 SOCIO ECONOMIC ENVIRONMENT AND INNOVATION

Objectives

The objectives of this unit are to enable you:

Explain the relationship between Entrepreneurship and environment

Discuss the changing values relating to Entrepreneurship

Describe the role of Socio Economic Environment

Narrate the Concept of Innovation

Structure

2.1 Aspects of relationship between Entrepreneurship and Environment

2.2 Needs and importance of Entrepreneurial Environment

2.3 Environmental forces 2.3.1 Internal Environment2.3.2 External Environmental Factors

2.4 Changing values relating to Entrepreneurship2.5 Factors impeding the growth of Entrepreneurship2.6 How to encourage Entrepreneurship 2.7 Creativity and Innovation defined2.8 The creativity process2.9 Qualities of creative entrepreneur2.10 Elements in innovation process2.11 Skills required for innovation2.12 Pre- requisites for effective innovator2.13 Need and role of innovation today2.14 Sources and opportunities for innovation2.15 Principles of innovation2.16 Essential conditions for successful innovation2.17 Summary2.18 Self Assessment Questions

2.17 SUMMARY

Entrepreneurship is not an inborn skill, it is a product of environment. It involves a complex of economic and social behaviour. Entrepreneurship can hardly survive under any given circumstances. It can flourish only under the right environment. In fact the entrepreneurship can not keep aloof from the changing social values, ideologies, new emerging aspirations, religious beliefs, consumer wants and society needs etc.

Creativity and innovation are essential to business success as we prepare to entered the new century. Creativity and innovation are seen as being the key to survival in an ever-more competitive and global economy.

2.18 Self Assessment Questions

A) Objective Types1. Entrepreneurship can flourish in the right type of ___________.

a) Environmentb) Attitudec) Climated) Situation

2. Which one of the following is not included in external environment?a) Governmental environmentb) Ethical Culturec) Technological environmentd) Internal environment

3. ___________ may be triggered by an opportune incident.a) Incubationb) Illuminationc) Verificationd) Idea generation

4. Which one is not essential condition of successful innovation?a) Innovation at workb) Innovation must built on their strengthsc) Innovation for futured) Innovation is an effect in economy and society

B) Short Answer Questions

5. How will you distinguish between Innovation and Creativity?6 Describe the elements of Innovation process.7. What are the pre requisites for an effective Innovator?8. Explain the elements of social environment.9. Narrate the factors of political environment.10. What are the characteristics of economic environment?C) Descriptive type question

11. Discuss the relationship between Entrepreneurship and Environment.12. Discuss the impact of social environment an Entrepreneurship.13. Explain the need and role of innovation in today’s consumer society.14. Define innovation and describe its process.

ANNEXURE (D)

BLOCK: 2 ENTREPRENEURS AND SOCIAL RESPONSIBILITY

Unit 3- Entrepreneur: Types and Functions

Unit 4- Entrepreneur: Specific Traits and Social Responsibilities

BLOCK: 2 ENTREPRENEURS AND LEADERSHIP

An entrepreneur is a person who creates an ongoing business enterprise from nothing. Only the entrepreneurs create capital, wealth and resources in a country by their inventive and risk-taking behavior. The spirit of enterprise makes man an entrepreneur. An entrepreneur performs all the necessary functions which are essential from the point of view of operation and expansion of the enterprise.A global entrepreneur must be responsive to the social challenges of the times.

Unit-3: This unit covers ‘Entrepreneur: Types and Functions’, explains the types of entrepreneurs and their functions. It gives proper insight on leadership behavior of an entrepreneur.

Unit-4: This unit covers ‘Specific traits and Social responsibilities’, describes the views of social responsibilities and impact of socially responsible entrepreneur on his economic performance.

ANNEXURE (E)

UNIT-3 ENTREPRENEUR: TYPES AND FUNCTIONS

Objectives

The objectives of this unit are to enable you:

Explain the qualities of a successful Entrepreneur Discuss the types and functions of Entrepreneur Describe the role and significance of Entrepreneur

Structure

3.1 Meaning of an entrepreneur3.2 Characteristics of an entrepreneur3.3 Types of entrepreneur3.4 Functions of entrepreneur3.5 Role and Significance of entrepreneur3.6 Trait for an entrepreneur and Administrator3.7 Qualities of successful entrepreneur3.8 Summary3.9 Self Assessment Questions

3.8 SUMMARY

An entrepreneur is a person who sets up a business os an enterprise. He is one who has the capability of risk-bearing, initiative and skill for innovation. He looks for the high achievements. He is a creative thinker, an individual who combines in himself if the role of innovator and risk bearer. Entrepreneur is found in every system and in every form of economic activity.They are found amongst artisans, traders, importers, engineers, exporters, bankers, industrialist, farmers etc. An entrepreneur is the builder of economic growth. He promotes the prosperity of the country by his initiative and skill for innovation.

3.9 Self Assessment Questions

A) Objective types questions

1. Entrepreneur is a job giver not a job _________.a) Seekerb) Deliverc) Takerd) Responder

2. On the basis of types of business organizations, how many types of entrepreneur is classified:

a) Fourb) Fivec) Sixd) Seven

B) Short types questions3. Describe the functions of entrepreneur.4. Discuss the nature of entrepreneur.5. Distinguish between professional manger and entrepreneur.6. What is entrepreneurial process?7. Describe the qualities of entrepreneur.8. Distinguish between entrepreneur and administrator.

C) Descriptive types questions

9. “Developing economies need imitative entrepreneur rather than innovative entrepreneur.” Comment.

10. “Entrepreneur is one who takes risk.” Explain it and discuss the main qualities of a successful entrepreneur.

11. Discuss the role of entrepreneurship in economic development.12. Who is Entrepreneur? What are his functions?

ANNEXURE (E)

UNIT-4 ENTREPRENEUR: SPECIFIC TRAITS AND SOCIAL RESPONSIBILITIES

Objectives

The objectives of this unit are to enable you:

Explain the Entrepreneurial Leadership Discuss the risk tendencies and behavior of Entrepreneur Describe the role and significance of Entrepreneur Narrate the Entrepreneurial business planning Explain the view of social responsibility

Structure

4.1 Entrepreneurial Leadership4.2 Leadership behavior of an entrepreneur4.3 Risk taking: the basic quality

4.3.1 Risk tendencies and behavior of an entrepreneur 4.4 Entrepreneurial decision making

4.4.1 Process of decision making4.4.2 Decision making under conditions of certainty, risk and uncertainty

4.5 Entrepreneurial business planning4.6 Business Plan

4.6.1 Characteristics of Business plan4.6.2 Perspective and scope of business plan4.6.3 Need and importance of business plan

4.7 Definition of social responsibility 4.8 Views of social responsibility4.9 Impact of socially responsible entrepreneur on his economic performance4.10 Social responsibility debate 4.11 How much social responsibility?4.12 Scope of social responsibility4.13 social responsibility of Indian entrepreneur4.14 Summary4.15 Self Assessment Questions

4.14 SUMMARY

As entrepreneur is more a true leader and less a manager. He innovates and keeps eye on the horizon. He has long perspective in his work. He focuses on people and inspires trust. He originates and challenges the status quo. Decision making is an important task of an entrepreneur. Entrepreneurial decisions are not based only on good intentions; rather they contain action commitments.Business enterprise is a social institution. Entrepreneurs are linked with different groups of society. Entrepreneurs must act in ways that enhance the community’s well being.

4.15 Self Assessment QuestionsA) Objective types question 1. Which one of the following is not a quality of an entrepreneur-?

a) Urge to achieveb) Sense of purposec) Strategic Expertised) Diplomatic

2. How many steps are involved in decision process?a) Nineb) Tenc) Eightd) Six

3. An entrepreneur can cope with environmental uncertainty by adopting one of fourpositions i.e. Defenders, Prospectors, Analyzers and _________.

a) Leadersb) Reactorsc) Idea generatorsd) Traders

B) Short types questions

4. What are the features of entrepreneurial leadership?5. Disk the risk and decision making.6. What is the need to plan entrepreneurial activities?7. When planning goes wrong?8. Discuss the qualities of entrepreneurial leader?9. Define social responsibility?10. What do you mean by social responsiveness?11. What are the various views of social responsibilities?

C) Descriptive types question

12. Define social responsibility of entrepreneur. Give argument in favour of the need of social contribution to be made by entrepreneur.13. Discuss the various areas of social responsibility of an entrepreneur.

14. What are the planning considerations for an entrepreneur?15. Discuss the entrepreneurial approach of decision making.16. How will you improve decisional skills of an entrepreneur?

ANNEXURE (D)

BLOCK- 3 NEW VENTURES

Unit 5- Environmental Analysis for New Venture

Unit 6- Raising Funds And Legal Requirement

BLOCK: 3 NEW VENTURES

An entrepreneur creates his own business. He is a person who organizes, operates and assumes the risk for a business venture. A new venture is not a sudden discovery; it requires proper thinking and planning. Entrepreneurial ventures are founded by creative individuals. Entrepreneur uses organized effort and means to pursue opportunities to create value. External environment analysis helps formulate a good planning in line with opportunities.The external environment forces affect the venture in various ways; these forces may be complex, rapidly changing and uncertain. Government legislation, awakened social consciences, economic necessities are playing their roles in the creation and existence of enterprise.

Unit-5: This unit covers ‘Environmental Analysis for New Venture’, explains various types of environment and its analysis for new venture.

Unit-6: This unit covers ‘Raising funds and Legal requirement’, describes the legal requirements for the establishment of a new unit. It explains the importance of financial resources.

ANNEXURE (E)

UNIT-5 ENVIRONMENTAL ANALYSIS FOR NEW VENTURE

Objectives

The objectives of this unit are to enable you:

Explain the establishment requirement for new venture Discuss the analysis of entrepreneurial opportunities Describe the analysis of external environment and competitive factors Narrate the Micro and Mega Environment

Structure

5.1 Why promote a venture5.2 Search for business idea

5.2.1 Sources of Idea5.2.2 Idea processing and selection

5.3 Setting Goals5.4 Preparing business plan5.5 Pre-start-up implementation5.6 Establishing the Enterprise5.7 Defining opportunity

5.7.1 Objectives of identification of business opportunity5.7.2 Factors affecting identification of business opportunity

5.8 Process of sensing opportunity5.8.1 Perceiving basic idea5.8.2 Harnessing and evaluating opportunity5.8.3 Feasibility Study5.8.4 Assessing the impact of opportunity and threats

5.9 Environment and Entrepreneur5.10 Meaning and types of Environment5.11 Need and importance of environmental analysis5.12 Constituents of Mega Environment and their impact5.13 Analysis of micro environment5.14 Assessing the impact of opportunity and threat5.15 Competitive factor analysis5.16 Summary5.17 Self Assessment Questions

5.16 SUMMARY

An entrepreneur perceives an opportunity for making a product. He establishes a business venture on the basis of his scanning of environment and perception of opportunity. He manages the growth and expansion of his venture over a period of time. An entrepreneur has the unique ability to spot the problem to find a business opportunity.External environmental analysis helps formulate a good planning in line with opportunity. Enterprise does not function in isolation or in vacuum. They exist in society in association with their environment. Thus analyzing the environment is a critical step in promoting a venture. The environment of a venture is divided into two categories: Internal and External Environment.

5.17 Self Assessment QuestionsA) Objective types Questions

1. Which one of the following is not a constituent of Mega environment?a) Internal Environmentb) Economic Environmentc) Natural Environmentd) Socio-cultural Environment

2. Which one is not a method of assessing the impact of opportunities and threat? a) Threat Matrixb) Opportunities Matrixc) BCG Matrixd) Issue priority Matrix

B) Short Types Questions

3. Narrate a production plan for new venture.4. What is a start up stage in promoting a venture?5. What do you mean by a business idea?6. What is the need of environmental analysis?7. Explain the impact of technological environment on the establishment of a new

unit.8. What are the constituents of mega environment?

C) Descriptive types Questions

9. What is competitive factor analysis? Discuss basic competitive factors in the external environment.

10. Summarize the analysis of external environment while promoting new industrial unit.

11. “An entrepreneur should conduct a feasibility study.” Discuss12. How you will promote a new venture? Discuss the various stages.

ANNEXURE (E)

UNIT-6 RAISING FUNDS AND LEGAL REQUIREMENTS

Objectives

The objectives of this unit are to enable you:

Explain the legal forms of the organization Discuss the salient features of important acts and laws Describe the critical issues relating to the funds Explain the long term and short term sources of finance

Structure

6.1 Legal forms of organization6.1.1 Sole proprietorship6.1.2 Partnership Firm6.1.3 Joint Stock Company6.1.4 Co-operative Undertaking6.1.5 Hindu undivided Family6.2 Small scale industry registration6.2.1 Provisional and permanent registration6.2.2 Procedure of registration6.3 Salient features of important acts and laws6.3.1 Registration related laws6.3.2 Labor laws6.3.3 Environment related laws6.3.4 Local and other municipal laws6.3.5 Tax related laws6.3.6 Product and process related laws6.3.7 Other central acts6.4 Critical issues6.5 Short term and Long term finance6.6 Sources of short term finance6.7 Sources of long term finance6.7.1 Internal sources6.7.2 External sources6.8 Summary6.9 Self Assessment Questions

6.8 SUMMARY

Some entrepreneur believes they need legal help only if they are sued or are suing others. But this attitude is short sighted. Entrepreneurs should undergo a legal check up while establishing a unit and fulfilling the legal requirement. The entrepreneur needs to be aware of legal formalities that may affect the establishment of his new unit.Financial resources are essential for a new business. After preparing the project report for setting up a new enterprise, the entrepreneur has to make arrangements for financial resources. No venture can take off and grow without monetary base.

6.9 Self Assessment questions

A) Objective types Questions

1. Working capital includes----?a) Current Assets and Fixed Assetsb) Current liabilities and Current Assetsc) Current liabilities and Fixed Assetsd) None of the above

2 Which one of the following is not a part of Short term financing?a) Reservesb) Customer Creditc) Credit papersd) Equity shares

B) Short types question

3. What is provisional registration?4. What do you mean by Partnership Deed?5. What are the benefits of getting a unit registered?6. Discuss venture capital as a sources of long term finance.7. Describe Institutional financing.8. What are the sources of short term finance?

B) Descriptive types questions 9. Discuss the various sources of long term finance.10. What are the factors to consider with regard to debt-equity decisions? Discuss.11. Discuss the legal forms of organization.12. Discuss the rules of provisional and permanent registration of a new unit.

ANNEXURE (D)

BLOCK- 4 ENTREPRENERIAL DEVELOPMENT PROGRAMMES

Unit 7- Entrepreneurial Development Programmers

Unit 8- Role of Entrepreneur

BLOCK: 4 ENTREPRENEURIAL DEVELOPMENT PROGRAMMES

Entrepreneurs are inspired people. They are motivated, skilled adventurers. Entrepreneurs are not necessarily born; they can also be developed through education. Entrepreneurial talent exists in every society and in all sections of the society. Entrepreneurship development is a prerequisite for overall economic development of any country. The growth of the nation depends upon the skilled entrepreneurs. The government provides many facilities and incentives for the promotion of entrepreneurs in India. The factors contributing to economic development are labor, technology, capital and managerial skills.

Unit-7: This unit covers ‘Entrepreneurial Development Programmes’ explains significance of EDP in India and about the institutions conducting EDPS in India.

Unit-8: This unit covers ‘Role of Entrepreneur’, describes the role of entrepreneur in socio economic growth, Export promotion and Import substitution as well as the role of government in EDPS.

ANNEXURE (E)

UNIT-7 ENTREPRENEURIAL DEVELOPMENT PROGRAMMES

Objectives

The objectives of this unit are to enable you:

Explain the meaning of entrepreneurial development programmes Discuss the phases of EDPs Describe the institutions conducting EDPs in India Explain the suggestion to make EDPs more effective

Structure

7.1 Meaning and definition of EDP7.2 Nature of EDP7.3 Need and importance of EDP7.4 Objectives of EDP7.5 Phases of EDP

7.5.1 Initial preparation7.5.2 Identification and selection of potential entrepreneur7.5.3 Training and development phases7.5.4 Support system7.5.5 Monitoring and Follow-up

7.6 Institutions conducting EDPs in India7.6.1 NIESBUD7.6.2 EDII7.6.3 SIDO7.6.4 Indian Investment Centre7.6.5 NISIET7.6.6 SIDBI7.6.7 Xavier Institute of Social Services7.6.8 Madhya Pradesh Consultancy Organisation Ltd.7.6.9 Calcutta ‘Y’ Self Employment Centre7.6.10 TCOs

7.7 Institutional efforts for EDPs in India7.8 Critical evaluation of EDPs in India7.9 Suggestions to make EDPs more effective7.10 Summary7.11 Self Assessment Questions

7.10 Summary

Entrepreneurial development programme is an effective way to develop entrepreneurs which can help accelerate the pace of socio-economic development, balanced regional growth, exploitation of locally available resources. It can also create gainful self employment. An EDP equips entrepreneurs and makes them competent to anticipate and deal with a variety of problems that any entrepreneur may have to face. It gives confidence to the entrepreneurs to face uncertainties and takes profitable risk. It prepares them to deserve and make good use of various forms of assistance. In India various national and state agencies are engaged in EDPs for first generation entrepreneurs.

7.11 Self Assessment Questions

A) Objective types question1. Entrepreneurship Development Institute of India was established in ________.

a) 1963b) 1983c) 1973d) 2003

2. How many phases are there in Entrepreneurial development programme ?a) Fiveb) Sixc) Sevend) Eight

B) Short answer types Questions

3. Explain the objectives of EDP.4. Explain three basic features of EDP.5. Explain the need of EDP.

C) Descriptive types Question

6. What is Entrepreneurial development programme? Write its characteristics.7. Discuss the major phases of EDP in detail.8. Describe various institutions conducting EDPs in India.9. What do you mean by Entrepreneurial development programme? Explain its

relevance and stages.10. Review and evaluate EDPs in India.

ANNEXURE (E)

UNIT-8 ROLE OF ENTREPRENEURObjectives

The objectives of this unit are to enable you: Explain the role of government in Entrepreneurial development Narrate the role of entrepreneur in socio-economic growth Describe how entrepreneurs are playing important role in export promotion Explain the role and importance of entrepreneur in import substitution

Structure

8.1 Government incentives, subsidy and assistance8.2 Government role in the for of assistance and incentives

8.2.1 Government assistance8.2.2 Government incentives8.2.3 Government schemes for infrastructural facilities8.2.4 Other roles of Government

8.3 Entrepreneurship and Economic growth8.4 Need and importance of entrepreneurship for socio economic growth8.5 Role of entrepreneur under various economic systems8.6 Various role of entrepreneur in socio economic development8.7 Role of entrepreneur as an innovator8.8 Export promotion

8.8.1 Exploring export promotion possibilities8.8.2 Decisions regarding entry in international market8.8.3 Decision regarding selection of market8.8.4 Creation of demand in international market8.8.5 Decision regarding mode of entry8.8.6 Product mix decisions8.8.7 Decision regarding pricing and costing8.8.8 Decision regarding distribution8.8.9 Promotion decision8.8.10 availing of export promotion schemes8.8.11 getting institutional support8.8.12 getting help- source of information

8.9 Import substitution8.10 Objects and importance of Import substitution8.11 Measures for Import substitution8.12 Problems of Import substitution8.13 Role of entrepreneur in Import substitution8.14 Critical evaluation8.15 Summary8.16 Self Assessment Questions

8.15 Summary

Entrepreneurial development plays an important role in industrial production employment generation and exports. The government provides many incentives and support facilities for the promotion on entrepreneurs in India. Entrepreneurs contribute to economic development in many ways, viz. capital formation, technological breakthrough, innovating skills, market expansion and organization of productive resources. An entrepreneur is the central figure of economic growth. He is a propeller of development under free enterprise. He provides strength to economy. He creates opportunity for self employment, build social stability, caters local demands and promotes balanced regional growth.

8.16 Self Assessment QuestionsA) Objective types questions1. Which one of the following is not a part of government incentive scheme-?

a) Subsidy relating Investmentb) Subsidy relating to Taxesc) Industrial growth centre schemed) Excise duty exemption

2. Entrepreneurship works in different economic systems such as Capitalism, Mixed economy, Developed economy, Developing economy and _____________.

a) Socialismb) Democraticc) Monopolisticd) Materialistic

B) Short Answer types questions

3. Explain the need of government role in EDP.4. “Entrepreneur is a business leader.” Explain5. What is the role of an entrepreneur in capitalism?6. How does an entrepreneur supplement the development process in an economy?7. What are the export incentives given to entrepreneur?8. What are the objectives of Import substitution?

C) Descriptive type questions

9. Write short notes on the following:1) Justification of import substitution2) Measures of import substitution

10. Discuss the role of entrepreneur in promoting exports in country.11. Discuss the role of entrepreneur in augmenting and meeting local demand.12. Explain the role of entrepreneur in bringing about social stability.13. Discuss the relationship of entrepreneur with innovation.14. What are the incentives, subsidies and assistance the government is providing to entrepreneurs in India?