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Compet
Competency Based Questionsency Based Questions
1. Raman has established a new business. He puts extra hours to make the business succeed and feels
joyous. What kind of entrepreneurship quality he possesses?
a. Strong Work Ethic b. Motivator c. Leadership d. Passion
2. Samkit has heard the term ‘Franchise’. But he doesn’t know about it. Help him by choosing the correct
answer.
a. An agreement between a small business owner, the franchisee, and the parent company
b. An agreement between a small business owner and the franchisee
c. An agreement between a small business owner and the parent company
d. An innovative idea between a small business owner, the franchisee, and the parent company
3. Rahul is an entrepreneur. He gets challenged by opportunity and is willing to work hard to achieve great
heights. Which term is best suited to him?
a. Export b. Achiever c. Dreamer d. Failure
4. Rahul is a senior software developer in an MNC. He leads their team members about project work with
high energy levels. What kind of entrepreneurship skill does he possess?
a. Passion b. Determination c. Leadership d. Dynamism
5. Rama is a young woman from Jharkhand. Many people in her area like to decorate houses with lamps.
She buys thread from cotton mills and makes lamps with two women. What kind of demand Rama
identified in her village?
a. People wanted threads b. People like to keep decorative lamps
c. People wanted jobs d. None of these
6. Rahul decides to sell his company’s product in Bali. It does not sell and he has a great loss. He apologises
to the people who work for him. He commits to himself that he will do better next time. What kind of
nature he has?
a. takes responsibility for his mistakes b. does not give up
c. creative d. all of these
Assertion Reason Based Questionon Reason Based Question
Asserti
In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Choose
the correction option:
(a) if both A and R are true, and R is the correct explanation for A.
(b) if both A and R are true, but R is not the correct explanation for A.
(c) if A is true and R is false.
(d) if A is false and R is true.
1. Assertion: Entrepreneurship fosters autonomy.
Reason: The unique freedom to think differently is a stimulus for entrepreneurship.
2. Assertion: Entrepreneurship involves constant decision-making.
Reason: Entrepreneurs need to decide on equipment, product quality, pricing, and project feasibility to
guide the success of their ventures.
3. Assertion: Entrepreneurs know the shortcut to success.
Reason: Entrepreneurs learn from their mistakes as well as others' mistakes to make right decisions.
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