MBOSE Class 12 Question Paper 2021 for Entrepreneurship

Total No. of Printed Pages—7
HS/XII/Com/En/NC/21

2021

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 the meaning of trend spotting?

Or

What is idea germination?

2. Give any two contents of a business plan.

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( 2 )

3. Which is the shortest channel of distribution?

Or

What is target market?

4. What are the two ways in which an organization can
expand?

Or

What is acquisition?

5. Define budget.

Or

What do you mean by unit cost?

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

6. Distinguish between trademark and brand name.

Or

What is ABC analysis?

7. Annual quantity of jeans sold by a shop is R 1,200
at the rate of R 100 per month. Cost of placing an
order and receiving goods is R 500 per order. Inventory
holding cost is R 30 per annum. What is the economic
order quantity for the shopkeeper?

HS/XII/Com/En/NC/21/128 [ Contd.

( 3 )

8. What is value addition? Explain by giving an example.

Or

Why is a logo important for a company?

9. Enumerate the factors which affect the operational plan.

Or

Name the two forms that merger can take place.

10. What is Pareto’s principle?

Answer to Question Nos. 11 to 17 should not exceed
45 words each : 3×7=21

11. Write the steps in preparing a marketing plan.

12. Explain the concept of return on equity (ROE).

13. Rhea started her high end boutique in a posh locality,
but she was not aware of how to make her boutique
popular in the area. Suggest some measures for it.

HS/XII/Com/En/NC/21/128 [ P.T.O.

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14. How does Cashflow Statement differ from Cashflow
Project? Give any three points.

Or

Which sources provide the supply for long-term funds?

15. Explain the characteristics of angel investors.

16. Enumerate any three importances of franchising.

17. What is PESTEL model? Explain.

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

18. Explain any four requirements for value chain
management.

19. In making a choice, entrepreneur will want to take
into account which points while selecting the form of
ownership?

HS/XII/Com/En/NC/21/128 [ Contd.

( 5 )

Or
Calculate gross working capital and net working capital
from the following informations :
Stock—R 50,000
Creditors—R 32,000
Debtors—R 75,000
Cash—R 1,00,000
Bills payable—R 50,000
Outstanding salary—R 44,000
Short-term loan—R 61,000

20. While selecting a brand name what care must be taken
by an entrepreneur?

Or
Explain any two pricing strategies.

21. ‘‘An opportunity may be derived from the needs and
problem of the society.’’ Comment.

Or
Explain any four stages of creative process.

Answer to Question Nos. 22 to 24 should not exceed
75 words each : 6×3=18

22. After passing his Class–XII with entrepreneurship as an
elective subject Aryan started his own business. He
invested R 2,00,000 as capital which was given to him by
his father. He obtained a loan of R 1,00,000 from his
elder brother Aman who was working as an assistant

HS/XII/Com/En/NC/21/128 [ P.T.O.

( 6 )

manager in the State Bank of India (SBI). In the first
year, he incurred a loss of R 50,000 and had to pay his
suppliers their outstanding bills. This created a financial
problem for him and he had to take a loan of R 1,00,000
from SBI on the personal guarantee of his brother. He
started doing hard work, lowered the prices and
informed his customers about the qualities of goods sold
by him. Because of this the sales increased four times
and he earned a net profit of R 75,000 in the second
year.
(a) Identify the form of business organization started by
Aryan.

(b) State any five features of such a form of business
organization.

Or

Explain, in detail, the various formalities required to
start a business.

23. Kanti wants to start a new business near to his locality,
for which he requires capital.
State different types of National level and State level
financial institutions from where Kanti can access
capital according to his needs and requirements.

Or

Explain the need and importance of Specialized
Financial Institutions (SFIs) in India.

HS/XII/Com/En/NC/21/128 [ Contd.

( 7 )

24. What are the factors an entrepreneur has to keep in
mind while assessing the market?

Or

‘‘Mr. Sunny had always wanted to manufacture an
innovative, energy efficient fan. He was looking into
various options and has finally narrowed it down to one
option. He understands that the entire idea would have
to follow a process.’’ Identify and explain the process.

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HS/XII/Com/En/NC/21/128 11-21—2800

Total No. of Printed Pages—4
HS/XII/Com/En/OC/21

2021

ENTREPRENEURSHIP

( Old 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. Give the difference between an entrepreneur and an
employee.

Or
Why is environment an important factor for
entrepreneurship?

/129 [ P.T.O.

( 2 )

2. What is a project report?
Or
Mention one source of financing an enterprise.

3. Give the meaning of innovation.
Or
What is environment scanning?

4. Define a financial plan.
Or
What is fixed cost?

5. Bring out the meaning of channel of communication.
Or
What is marketing assessment?

Answers to Question Nos. 6 to 10 should not exceed
30 words each : 2×5=10
6. ‘Problems give rise to opportunities.’ Explain briefly.
Or
Mention the first two steps in setting up an enterprise.

7. Why is entrepreneurship important for a country?

8. Give the meaning of economic viability.
Or
What is net profit ratio?

HS/XII/Com/En/OC/21/129 [ Contd.

( 3 )

9. Why should an entrepreneur know the break-even point
(BEP)?

10. Explain briefly the purpose of demand analysis.
Or
What is sales promotion?

Answers to Question Nos. 11 to 17 should not exceed
45 words each : 3×7=21
11. What is the purpose of a marketing plan?

12. Why are human resources important for an enterprise?

13. Is competition a risk to an entrepreneur? Justify your
answer.

14. Explain any three elements to be considered while
selecting a media of advertising.

15. What are the resources needed to start, sustain and
develop an enterprise?

16. Define retailing. Mention any two main characteristics of
retailer.

17. ‘‘Availability of resources determines the location of an
enterprise.’’ Do you agree? Justify your answer.

Answers to Question Nos. 18 to 21 should not exceed
60 words each : 4×4=16
18. Define ‘market segment’. Briefly explain its importance to
an entrepreneur.

19. Explain any four main elements of marketing mix.

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( 4 )

20. Explain briefly four basic management functions.

21. Write brief notes on the following :
(a) Working capital
(b) Fixed capital
(c) Venture capital
(d) Debt capital

Answers to Question Nos. 22 to 24 should not exceed
75 words each : 6×3=18
22. Explain the importance of a business plan to an
entrepreneur.
Or
What are the different activities that an entrepreneur can
undertake to expand his enterprise?

23. ‘‘An entrepreneur who fails to scan business
environment is unlikely to survive in the long run.’’
Explain.
Or
Explain the steps involved in creative process.

24. Give the meaning of social responsibility of business.
Explain briefly the responsibility of business towards
workers.
Or
Discuss the factors affecting the determination of capital
structure.

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HS/XII/Com/En/OC/21/129 11-21—800