CBSE Class-12 Exam 2017 : Marking Scheme, Entrepreneurship

 
Class 12 papers

CBSE Class-12 Exam 2017 : Marking Scheme

Question Paper, Entrepreneurship

CBSE Class-12 Exam 2017 :  Entrepreneurship (Delhi)

 

ENTREPRENEURSHIP

MARKING SCHEME 2017 (98/1) Delhi

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)

ANS

Natural resources

1

2.

What is meant by a ‘Business Opportunity’?

(1)

ANS

An economic idea which can be implemented to create a business enterprise and earn profit.

1

3.

Distinguish between ‘Partnership’ and ‘Joint Hindu Family Business’ on the basis of

maximum number of members.

(1)

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

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)

ANS

Innovation

1

5.

What is meant by ‘Financial Synergy’?

(1)

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

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

 

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

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

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

3.

Distinguish between ‘Partnership’ and ‘Private limited Company’ on the basis of

maximum number of members.

1

Ans.

 

Basis

Partnership

Pvt. Ltd. Co.

 

1

Max no. of members

Banking 10

Others 20

50 excluding employees

or

If the student has given according to the Companies Law amendment Act,2013

 

Basis

Partnership

Pvt. Ltd. Co.

 

Max no. of members

100

200 excluding employees

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

Ans.

Innovation

1

5.

Define business.

1

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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Courtesy: CBSE