Fundamentals of Entrepreneurship (Major/Minor) — DU B.A.(Prog.) with Commerce (Entrepreneurship and Small Business) Previous Year Question Papers

Type of the Paper UGCH Instruction for Candidates: 3. Part of the questions to be attempted together. 1. (a) "An entrepreneur is a person who acts as an innovator, manager and coordinator of all the tangible and intangible resources." Elucidate, bring out the functions of an entrepreneur. (9) (b) How does innovation differ from creativity? Explain the process of innovation. (9) (c) Define the term "entrepreneurship". Discuss its nature and the process of entrepreneurship. (9) (d) What are the differences between an entrepreneur and a manager? What are the various types of entrepreneurs? (9) 2. (a) What is a business opportunity? Describe the process of recognizing the business (9) (b) Discuss various entrepreneurial competencies identified by Entrepreneurial (9) Development Institute. (c) "Entrepreneurs are motivated by different needs at different stages of life." Explain (9) with reference to Maslow's need hierarchy theory. (9) (d) Explain the role of educational institutions in promoting entrepreneurship. 3. (a) What do you mean by a business plan? Describe in brief the contents of a business plan. (b) Discuss the role of Self-Help Groups (SHGs) and MSME's in promotion of entrepreneurship development. (c) "The first step in starting a business enterprise is the generation of an idea that is unique and appears to be worthwhile for implementation". Elaborate this statement. (d) What do you understand by feasibility study? Discuss its importance and explain the various aspects of feasibility study. (b) What are Business Incubators? Explain their role in developing entrepreneurs. (c) Discuss vision and business philosophy of any two contemporary role models in Indian (9) (d) What are the various environmental factors an entrepreneur must analyse before starting (9) a new venture? 5. (a) What is the meaning of entrepreneurial performance. Discuss the various types of (9) measuring entrepreneurial performance. (b) Explain the different types of risks and rewards associated with entrepreneurship. How (9) can an entrepreneur overcome the risks of his venture? (c) Write short notes on any three of the following: (6X3=18) (a) Private Equity (b) Venture Capital (c) Social entrepreneurship. (d) Startup culture in India