CBSE Class 12^th ENTREPRENEURSHIP Outside Delhi Set 4 2017

General Instructions:

1. All questions are compulsory.
2. There are 24 questions in all.
3. Marks for each question are indicated against it.
4. Questions No. 1 to 5 are Very Short Answer type questions, carrying 1 mark each.
5. Questions No. 6 to 10 are Short Answer type questions, carrying 2 marks each.
6. Questions No. 11 to 17 are Long Answer – I type questions, carrying 3 marks each.
7. Questions No. 18 to 21 are Long Answer – II type questions, carrying 4 marks each.
8. Questions No. 22 to 24 are Essay type questions, carrying 6 marks each.
9. Answers should be brief and to the point.

1. Vipin Taneja has completed his Masters degree in Computer Science from IIT, Delhi. He

thought of an attractive economic idea which could be implemented to create a business, earn profits and ensure further growth. The idea was to link the different restaurants with the Indian railway network so that while travelling, the railway passengers can order food as per their liking.

List any two elements of the concept discussed above.

1. Air India is planning to expand its flights to Pakistan and Afghanistan over the next five years. Enumerate any two political factors that it should consider as per the 'PESTEL Model' for the same.
2. Distinguish between 'Partnership' and 'Private Limited Company' on the basis of 'maximum number of members'.

1. "It is a process which involves the translation of a useful idea into an application which

has commercial value. It takes persistent effort to work out analytically the details of the enterprise or service, to develop marketing strategies, to organise finances and strategize operations." 1/6

Identify the process.

1. Define 'business'.

6.Nayan has just passed his Senior Secondary Examination from a CBSE affiliated school. He wanted to start his own business but was undecided about the nature of the business to be started. One day, during the morning walk, his grandfather fell down in the park and was injured. He observed that his grandfather often forgot to take his medicines. He thought that the same problem may be faced by other old people. He thought to develop a walking stick for old people that could be fitted with some electronic devices connected to the mobile phones of the members of their families which could indicate the location of the old people when they go outside their homes. He also thought to fit a timer in the stick that could remind them about the time of taking their medicines.

Identify and state the meaning of the concept described in the above para that helped Nayan in structuring his idea of solving the problem.

1. State any two types of utilities created by business activities.
2. Komal has started a herbal toothpaste manufacturing unit. She has decided about the logo, packaging format and labelling of the product.

Her friend Neha asked her whether she has taken care of the legally recognised exclusive rights of other manufacturers in the industry before taking the above stated decisions?

Identify and give the meaning of the concept about which Neha asked Komal.

1. 'Ayush Generic Medicines,' a chemist shop sells generic medicines. On 15.2.2016

medicines as per the details given below were sold:

No. of Customer billed amount < customers 15 370 20 430 45 500 2/6