Question : Case Study 1: Meet the Entrepreneur

Mr. Ravi, a young and dynamic individual, decided to start his own business. He established a small manufacturing unit that produces eco-friendly and sustainable packaging materials. His business has grown steadily, and he now employs several local workers. Mr. Ravi's venture has not only created job opportunities but also contributed to reducing plastic waste in the environment.

Question:

Mr. Ravi's decision to start his own business is an example of:

Option 1: Government intervention
  

Option 2: Entrepreneurship development
 

Option 3: Economic growth

Option 4: Consumer protection

Question : The manager of Subhash Industries is overworked and unable to focus on the important difficulties facing the business. To solve this issue, he delegated some of his power and responsibilities to his direct report so that they might share some of his usual job. Which management concept does the manager employ?

Option 1: Authority

Option 2: Responsibility

Option 3: Delegation

Option 4: Decentralisation

Question : Read the passage given below and answer the questions.
A national sports team was winning all the competitions and was extremely admired for its hard work An interview with the national team to discover and explore the ins and outs for its constant success emphasized the following details. As per the report, the team had many fresh players who were well prepared accountable, self-disciplined and accurate in their job and contributed to the achievement of the team. The captain had been carefully chosen by the team fellows themselves, and he was most cooperative, friendly and positive on the ground as well as off it. This made him a good leader.
The best part of the team was that, all its senior players were supportive and helpful with their juniors and were always eager to listen to them. The team's coach stated few essential components that had contributed to the team's achievement. According to him, the ability to inspire and encourage individuals plays a critical role in the team's achievements more often than the technical skills, and this is what divides a good coach from an average one. The coach also referred to occasions when players went through the period of lack of intrinsic motivation. The coach realized that while there are some players have
an instinctive drive to regularly strive for success and enjoy their task, there are others who seem to lack internal motivation and need extrinsic factors like rewards, prize, money etc, to create the required drive or required behavior.
The team's psychologist spoke about the aggressive behavior among the team players against the opponents.
It was interesting to listen to various occurrences where the players had instigated opponents or charged at them aggressively, in anger, but had later tried to defend their actions.
Occasionally, players were found to be abusing opponents not in anger, but to get a benefit or for the sake of winning, though this behavior is not adequate and they were given punishments as per the code of conduct and rules of sports.

Question:

The fresh players in the national team were :
 

Option 1: Low an self - esteem
 

Option 2: Self - discipline
 

Option 3: Good - leaders
 

Option 4: Great communicator

Question : Let's say you earn Rs. 40,000 a month from your job at a bank. Assume you also receive the following two job offers: (a) an executive position paying Rs. 30,000 per month; or (b) a journalist position paying Rs. 35,000 per month. The opportunity cost of working in a bank in the example provided is ____.

Option 1: Rs.35,000

Option 2: Rs.30,000

Option 3: Rs.40,000

Option 4: Rs.1,05,000

Question : Statement 1: Entrepreneurship development leads to job creation and reduced unemployment.

Statement 2: The Pradhan Mantri Rojgar Protsahan Yojana offers incentives to employers to do more household activities.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

Option 4: Both statements are false.

Question : Statement 1: Entrepreneurship development leads to job creation and reduced unemployment.

Statement 2: The Pradhan Mantri Rojgar Protsahan Yojana offers incentives to employers to promote job creation.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

Option 4: Both statements are false.