CBSE Class 12th ENTREPRENEURSHIP Outside Delhi 2016 (Set 1)

General Instructions:

1. All questions are compulsory.
2. Please check that this Question Paper contains 24 Questions.
3. Marks for each question are indicated against it.
4. Questions 1 to 5 are Very Short Answer type carrying 1 mark each.
5. Questions 6 to 10 are Short Answer Type questions carrying 2 marks each.
6. Questions 11 to 17 are Long Answer-I Type questions carrying 3 marks each.
7. Questions 18 to 21 are Long Answer-II Type questions carrying 4 marks each.
8. Questions 22 to 24 are Essay Answer Type questions carrying 6 marks each.
9. Answer should be brief and to the point.
10. Please write down the serial number of the Question before attempting it.

1. What is meant by 'Environmental Scanning'? [1]

ANS. Careful monitoring of an organization's internal and external environment for detecting early signs of opportunities and threats that may influence its current and future plans.

2. Define a 'Co-operative Organisation'. [1]

ANS. Co-operative Societies Act 1912 defines it as a 'Society which has its objectives as the portion of economic interests of its members in accordance with co-operative principles7.

3. Differentiate between 'Value-Added-Tax' and 'Sales tax'. [1]

ANS. Value added tax is a multi-point destination based system of taxation with tax being levied on value addition at each stage of transaction in the production / distribution chain. Whereas Sales tax is levied on the sale of a commodity, which is produced or imported and sold for the first time.

(1 Mark to be awarded for the correct difference only)

1. Vishal was working with Abhinav, a new entrepreneur, as a production Manager. For

smooth and co - ordinated flow of work he had to pay attention towards various elements. To ensure predetermined quality of products he had to compare the 1/9

performance with established standards.

Identify and state the elements being discussed above which is related to one of the components of a 'Business Plan'. [1]

ANS. Inspection

5. Define 'Marketing - Mix'. [1]

ANS. Marketing mix is the mixture of controllable marketing variables that the firm uses to pursue the sought level of sales in the target market.

6. State any two points of importance of Stock-Exchange from the view point of entrepreneurs. [1]

ANS. Importance of stock-exchange from the point of view of entrepreneur - (any two)

1. Recognition: reputation of company is enhanced when the market value is published in important dailies.
2. Wide market: market for the securities of such companies is considerably widened.
3. Higher share values: demand for shares which have a premium value is aiways on an increase.

7. Explain any two rules for goal-setting. [1+1=2]

ANS. Rules for goal setting (Any two) (to be briefly explained)

1. Business goals need to be relevant: should be profitable, but should also possess a clear advantage to the specific business.
2. Business goals need to be actionable: they should not be vague, but should be those which can be performed and evaluated.
3. Business goals need to be achievable stretches: should be able to move the business forward.

8. State any four items of physical infrastructure that should be mentioned in the description of a business plan. [1/2×4 = 2]

ANS. Briefly explain in a sentence any four points.

1. Raw material
2. Labour
3. Utilities
4. Pollution control

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