MBOSE Class 12 Question Paper 2020 for Entrepreneurship New Course

Total No. of Printed Pages—4
HS/XII/Com/En/NC/20

2020

ENTREPRENEURSHIP

( New Course )

( Commerce )

Full Marks : 70
Time : 3 hours

The figures in the margin indicate full marks for the questions

General Instructions :
(i) Write all the answers in the Answer Script.
(ii) All questions are compulsory.
(iii) Attempt all parts of a question together at one place.

Answers to Question Nos. 1 to 5 should not exceed 15 words
each : 1×5=5

1. What is meant by business opportunity?
2. Amal is required to file his Income tax return for which
he is required to furnish a unique identification
number. Identify the number that Amal requires to
furnish.
3. A farmer is planning to sell his agricultural produce to
the markets near his village. Which distribution channel
he should adopt?

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4. What is the goal of a value chain?

5. What is meant by financial management?

Answer to Question Nos. 6 to 10 should not exceed 30 words
each : 2×5=10

6. Give an example of ‘high risk high return’ business. Also
state the reason why you consider the said business to
have high risk.

7. Mention any two types of budget.

8. What is meant by vertical merger?

9. The business assets of an organisation amount to
R 50,000 but the debts that remain unpaid are R 80,000.
What course of action can the creditors take if the
organisation is a sole proprietorship firm?

10. ABC Ltd. is producing LCD TVs and it wants to have
maximum customer reach. State any two drawbacks of
radio advertising that the company may suffer, if it
chooses radio for advertising.

Answer to Question Nos. 11 to 17 should not exceed
45 words each : 3×7=21
11. What is meant by idea fields? Mention any two market-
driven ideas.

12. Ram is a science graduate and wants to establish an
enterprise; but he perceives the preparation of a
business plan as mere wastage of time. Briefly explain
the importance of a business plan to him.

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13. Why should an entrepreneur adopt the concept of
SMART goals?

14. Dwell Co. Ltd. was producing pencils earlier, now they
have decided to further venture into the fields of
notebook and paper. What do you think the company is
attempting to do? Identify and explain the concept here.

15. How is Return on Investment and Return on Equity
different from each other?

16. “Any group will have ‘vital few and trivial many’.”
In the light of the above statement, explain the ABC
analysis of inventory control.

17. Explain the merits of financial institutions.

Answer to Question Nos. 18 to 21 should not exceed
60 words each : 4×4=16

18. Differentiate between an entrepreneur and an
employee.

19. What is human resource planning? Explain the steps
involved in estimating the number of employees
required in a company.

20. The workers of a factory have gone on strike for pay
revision. The manager wants to negotiate with the
workers. Explain two methods that are available to the
manager for negotiating the situation.

21. What is franchising? Explain any three features of
franchise.

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Answer to Question Nos. 22 to 24 should not exceed
75 words each : 6×3=18
22. Explain the importance of business environment.
Or
Briefly explain the steps involved in the assessment of
an idea.

23. Lucy after completing her fashion designing course is
planning to start with a boutique offering designer and
customised outfits. What are the steps she needs to take
while preparing her marketing plan?
Or
A person has decided to start a small shoe
manufacturing unit. He is not aware of the various
formalities involved in the process of setting up the unit.
Explain to him the procedure.

24. Explain the important functions of stock exchanges.
Or
Victor and Hemant were pursuing engineering. During
their course of studies, they developed disposable
glasses, bowls and plates made out of bettlenut leaf. The
idea was risky as there exists a huge market for
disposable plates, etc., made out of plastic. But as Victor
and Hemant’s product was decomposable, they went
ahead with the idea of setting up of an enterprise. They
prepared a business plan which estimated that the
required capital would be R 2 crore. Both approached
some affluent individuals who were ready to invest in
their business in exchange of a high profit sharing ratio.
Identify and explain the type of investor and state any
four features of the same.
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HS/XII/Com/En/NC/20/46 20K