CBSE Class-12 Exam 2017 : Marking Scheme, Entrepreneurship
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CBSE Class-12 Exam 2017 : Marking Scheme
Question Paper, Entrepreneurship
CBSE Class-12 Exam 2017 : Entrepreneurship (Delhi)
ENTREPRENEURSHIP
MARKING SCHEME 2017 (98/1) Delhi
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1. |
Kumar belongs to a farmer’s family. One day a team of officials from the local block development office visited his village for discussing additional opportunities related to agriculture. The team discussed with the villagers how to develop fishery. The team explained about the technique of construction of ponds and the modern technology of growing fishes. The team also informed that the ‘State agriculture department’ will provide loan at an interest rate of 2½ % per annum to the farmers who will engage themselves in the occupation and will also help the farmers in the marketing of fishes. Kumar, decided to engage himself in the fishery occupation.Identify the ‘idea field’ that helped Kumar to engage himself in fishery occupation. |
(1) |
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ANS |
Natural resources |
1 |
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2. |
What is meant by a ‘Business Opportunity’? |
(1) |
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ANS |
An economic idea which can be implemented to create a business enterprise and earn profit. |
1 |
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3. |
Distinguish between ‘Partnership’ and ‘Joint Hindu Family Business’ on the basis of maximum number of members. |
(1) |
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ANS |
Partnership- 10 in case of banking and 20 for other business.Joint Hindu Family Business- No limit OR As per Companies Act, 2013 (amended) the maximum number of partners is 100. Joint Hindu Family Business- No limit |
1 |
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4. |
‘It is a process which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of enterprise or service, to develop marketing strategies, to organize finances and strategize operations’.Identify the process |
(1) |
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ANS |
Innovation |
1 |
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5. |
What is meant by ‘Financial Synergy’? |
(1) |
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ANS |
This is the direct result of financial factors such as lower taxes, higher debt capacity or better use of idle cash for which two or more firms merge together. |
1 |
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CBSE Class-12 Exam 2017 : Entrepreneurship (Outside)
ENTREPRENEURSHIP
OUTSIDE DELHI (98) 2017
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1. |
VipinTaneja has completed his Masters degree in Computer Science from IIT, Delhi. He thought of an attractive economic idea which could be implemented to create a business, earn profits and ensure further growth. The idea was to link the different restaurants with the Indian railway network so that while travelling, the railway passengers can order food as per their liking. List any two elements of the concept discussed above. |
1 |
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Ans. |
A business opportunity has five elements which are as follows: i. Assured market scope ii. An attractive and acceptable rate of return on investment iii. Practicability of the idea iv. Competence of the entrepreneur to encash it v. Potential of future growth (Any two) |
½ +½ |
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2. |
Air India is planning to expand its flights to Pakistan and Afghanistan over the next five years. Enumerate any two political factors that it should consider as per the ‘PESTEL Model’ for the same. |
1 |
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Ans. |
Taxation policy, government stability and foreign trade regulations, Political unrest, terrorism, landing rights in foreign countries. (Any two) (Any other relevant point written by the student should be given weightage) |
½ +½ |
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3. |
Distinguish between ‘Partnership’ and ‘Private limited Company’ on the basis of maximum number of members. |
1 |
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Ans. |
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Basis |
Partnership |
Pvt. Ltd. Co. |
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1 |
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Max no. of members |
Banking 10 Others 20 |
50 excluding employees |
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or If the student has given according to the Companies Law amendment Act,2013 |
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Basis |
Partnership |
Pvt. Ltd. Co. |
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Max no. of members |
100 |
200 excluding employees |
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4. |
“It is a process which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of the enterprise or service, to develop marketing strategies, to organise finances and strategize operations”. Identify the process. |
1 |
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Ans. |
Innovation |
1 |
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5. |
Define business. |
1 |
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Ans. |
Business is a continuous human economic activity with an objective to earn profit by producing, buying and selling of goods and services. |
1 |
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