CLASS 10TH SOCIAL SCIENCE (BUSINESS STUDIES ) UNIT - 2 ENTREPRENEURSHIP NOTES 2021 -22

UNIT - 2 ENTREPRENEURSHIP

I. Fill in the blanks with suitable answers:

1. The word entrepreneur has come from the French word ________. (Entreprende)

2. The process of action, an entrepreneur undertakes to establish an enterprise is called ____________. (Entrepreneurship)

3. The person who developed Apollo Group of hospitals was ____________. (Dr. Pratap Reddy)

4. The Chairperson of Wipro is ____________. (Azim Premji)

II. Answer the following questions:

1. How is the the word entrepreneur derived ?

 The word entrepreneur is derived from the French word „Entreprende‟, which means to undertake some activity

2. Who is an Entrepreneur?

 Entrepreneur is an innovator of new ideas and business processes.

3. What is Entrepreneurship?

 Entrepreneurship is a process of an action of an entrepreneur who undertakes to establish his enterprise

4. Which is India‟s first Hospital group?

 India‟s first Hospital group is“The Apollo Hospitals”.

5. Who developed India‟s first Hospital group, “The Apollo Hospitals”.?

 Dr. Pratap Reddy

6. Which is India‟s largest domestic airlines under private sector?

 “Jet Airways”is largest domestic airlines under private sector.

7. Who is the founder and chairman of “Jet Airways”?

 Naresh Goyal is the founder and chairman of “Jet Airways”

8. Who is one of the founders of “Infosys Technologies Ltd.”?

 Narayan Murthy is one of the founders of “Infosys Technologies Ltd.,”

9.When was “Infosys Technologies Ltd. Started?

 “Infosys Technologies Ltd. was Started in 1999

10. Which company became the first Indian company to be listed on NASDAQ?

 Infosys became the first Indian company to be listed on NASDAQ

11. What is NASDAQ?

 National Association of Securities Dealers Automated Quotations.

12. Who “Father of the White Revolution”?

 Varghese Kurien is the Father of the White Revolution.

13.Why Varghese Kurien is called the Father of the White Revolution ?

 Varghese Kurien is called the“Father of the White Revolution”for his millions of liters of milk flow

14. Who started Amul milk?

 Varghese Kurien started Amul milk

15. Who is remembered as the one who rewrote Indian corporate History and build a truly global corporate group?

 Dhirubai Ambani is remembered as the one who rewrote Indian corporate History and build a truly global corporate group

16. Who started The Reliance Company?

 Dhirubai Ambani started The Reliance Company

17. Which is which is one of the largest software companies in India?

 Wipro Technologies is one of the largest software companies in India

18. Who is the chairman of Wipro Technologies?

 Azim Premji is the chairman of Wipro Technologies

19. To-day Which is is the largest independent Research and Development (R.D) provider?

 Wipro Technologies

20. Who is known as the Queen of Indian Television sector?

 Ekta Kpoor

21. Who is the creative Director of “Balaji Tele Films”?

 Ekta Kpoor

22. Who was awarded the best entrepreneur of the year 2001 by the Ernest Young?

 Ekta Kpoor was awarded the best entrepreneur of the year 2001 by the Ernest Young

23. Which is the largest Biotechnology company in India?

 Biocon Ltd is the largest Biotechnology company in India

24. Who is the Chairman and Managing Director of Biocon Ltd?

 Kiran Mazumdar Shah is the Chairman and Managing Director of Biocon Ltd.

III. Answer the following questions:

1.“Entrepreneurship is a creative activity”. How?

 Entrepreneurship is a creative activity.

 It is the ability to create and build something.

 It is a knack of sensing the opportunity where others see chaos, contradiction and confusion.

 Entrepreneurship is the attitude of mind to seek opportunities, take

 calculated risks and derive benefits

2. What are the characteristics of Entrepreneurship?

 Creativity

 Innovation

 Dynamism

 Leadership

 Team building

 Achievement motivation

 Problem solving

 Goal orientation

 Risk taking

 Decision making

 Commitment

 Self Confidence

3. Explain the importance of an Entrepreneur

 Entrepreneurs promote capital formation by mobilizing the idle savings of the citizens.

 They employ resources for setting up their enterprises.

 Entrepreneurs provide large scale employment to artisans, technically qualified persons and professionals.

 Entrepreneurs help the country to increase the Gross Domestic product (GDP) and Per Capita Income.

 Entrepreneurs promote development of Industries.

 Entrepreneurs contribute towards the development of society by reducing concentration of income and wealth.

 Entrepreneurs promote country‟s export trade.

 Entrepreneurs work in an environment of changing technology and try to maximise profits by innovations.

4. What are the Functions of Entrepreneur?

 Entrepreneur starts business activity by preparing various plans

 relating to business

 He organises factors of production.

 He takes decisions about product, technology, marketing, employment etc.,

 He co-ordinates things effectively.

 He introduces new methods into practice.

 He handles budget of his concern

 He bears risk and uncertainty.

 He gives directions to the business firm and ensures its effective operation.

5. Mention the financial institutions which help small scale industries

 Industrial Development Bank of India

 National Bank for Agriculture & Rural Development

 Export and Import Bank

 Small Industries Development Bank of India

 Industrial Finance Corporation of India

 Industrial Credit &Government Corporation of India

 Industrial Re-construction Bank of India.

 Commercial & other Banks

6. Mention promotional institutions which have been setup to help emerging entrepreneurs ?

 District Industrial Centres

 Small Industries Development Corporation Ltd

 National Small Industries Corporation

 Small Scale Industries Board

 Small Industries Service Institutions

 Industrial Estates

 Khadi& Village Industries Corporation

 Technical Consultancy Organisations

7. What are the Self-Employment Opportunities for Entrepreneur?

 Advertising Agencies

 Marketing Consultancy

 Industrial Consultancy

 Equipment Rental and Leasing

 Photo copying centres

 Industrial Research and Development

 Industrial Testing Labs.

 Internet Browsing/Setting up of Cyber Cafe

 Installation and Operation of Cable and T.V Network

 Beauty Parlours

I.Answer the following questions in one sentence each:

Milan Tomic

Hi. I’m Designer of Blog Magic. I’m CEO/Founder of ThemeXpose. I’m Creative Art Director, Web Designer, UI/UX Designer, Interaction Designer, Industrial Designer, Web Developer, Business Enthusiast, StartUp Enthusiast, Speaker, Writer and Photographer. Inspired to make things looks better.