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Sample Question

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Entrepreneurship

Strictly Based on Latest Syllabus Issued by CBSEfor 2015 Examination

*Solutions for SQP 6-10 can be downloaded from www.oswaalbooks.com

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CONTENTS

Sample Question Paper along with marking scheme

(Issued by Board) 2013-14 vii - xiv

Sample Question Paper along with marking scheme

(Issued by Board) 2012-13 7 - 19

1. Sample Question Papers (Solved)

Sample Question Paper 1 20 - 21

Sample Question Paper 2 22 - 22

Sample Question Paper 3 23 - 24

Sample Question Paper 4 25 - 26

Sample Question Paper 5 27 - 28

2. Self Assesment Papers (Unsolved)

Sample Question Paper 6 29 - 29

Sample Question Paper 7 30 - 31

Sample Question Paper 8 32 - 33

Sample Question Paper 9 34 - 34

Sample Question Paper 10 35 - 36

3. Answers

Sample Question Paper 1 37 - 42

Sample Question Paper 2 43 - 48

Sample Question Paper 3 49 - 54

Sample Question Paper 4 55 - 59

Sample Question Paper 5 60 - 64

* SOLUTIONS for Sample Question Paper 6 to 10 can be downloaded from

www.OswaalBooks.com

( iii )

Believe in YourselfThis is the foremost barrier to be crossed for scoring high marks in exams. One needs to believe in his / her

ability to learn, memorize and reproduce what has been learnt. Exams are nothing but the test of our faith, confidence and knowledge.

Follow a Time – TableA well set time table allotting specific durations for studying, sleeping, playing/surfing the net and eating

can help every student a lot. Every above quoted thing has to be done every day. A proper schedule can help a student beat examination stress.

Set Every Day GoalsPreparations should be done every day to excel at the day of exams without depending upon any miracle

capsule to bail you out at the last moment. By setting everyday targets and goals, one can achieve incredible results in terms of efficiency and performance.

Take care of your HealthHealth is wealth. This adage never fails. Only a sound body and sound mind can work effectively towards

achieving any objective. Thus to sum up, healthy body is a mandate for rigorous mental exercise that comes up during examinations.

Practice DailyWe eat daily, we sleep daily, so why not study daily?

Regular practice in every subject will keep students close to a subject. If one avoids any subject for more than three days in a go, he/she is bound to lose interest in it.

1.TIPS N

How to Score

2.

3.

OSWAAL Your Elixir of Positivity & Confidence Positivity and confidence can do wonders to your grades,

far more than you can think. By studying from Oswaal Sample Question papers, you develop confidence in yourself which makes you positive and hence gives you the winners advantage!! A bunch of important questions along with their systematic presentation helps you tremendously in studying effectively.

OSWAAL - Your Planner For Examination PreparationsYou must make a schedule for your studies followed by

strict implementation of that schedule. Oswaal SQP's give you questions on the important topics or topics which need more practice or time. Oswaal SQP's include last year exam questions as well as sample papers for the proper schedule of your study. You may also study with your friends and make the entire learning process fun!!

OSWAAL - Your Confidence Booster Just before the ExamOne should never try to read, study or cram anything new

just before the beginning of your exam. You can just open your Oswaal SQP's and read through the answers highlighted by you a night before for the last time and then put away all your books. This gives you a new wave of confidence just before the commencement of your exam!

4.

5.

High in your Examination?

How to get 6.

7.

8.

9.

10.

1.

2.

3.

Play GamesPlaying games – both the indoors and

outdoors, help in inculcating a practical approach towards dealing with a problem along with beating the examination stress.

PresentationTill now we have discussed the pre-exam tips.

This is a crucial tip while writing the examinations. A systematic and neat display of answers can boost your chances of scoring high.

Time ManagementYou need to manage time not only during

exam preparations, but also at the time of solving the Question paper. Carrying a wrist watch during exams is an excellent way to manage time well. You should also try to save some time at the end of the paper to recheck the answers.

Sleep WellA sound sleep a night before exam helps us

relax and rejuvenates our mind. The tired brain needs and we need to understand the needs of our brain, only then we will be able to make the most out of it especially during examinations.

Relax YourselfThis is last but not the least. Relaxing is

like meditating. When we are relaxed we are the most efficient in reproducing what we have learnt.

The 'OSWAAL' Advantage?

Sample Question Paper(Issued by Board)

Entrepreneurship (066)

Class-XII (2013-14)

Blue Print

[Maximum Marks : 70 Marks] [Time : 3 Hrs.]

Blue Print

Objective Knowledge Understanding Application Total

Form of Questions E SA VSA E SA VSA E SA VSA E SA VSA

Content Unit

Entrepreneurial 3 1 6 2 2 6 11 3

Opportunities and 1 4

Enterprise Creation 1

(20 Marks)

Enterprise Planning 6 2 2 6 14 -

and Resourcing 2 4

(20 Marks) 4

Enterprise 1 6 3 3VB 6 22 2

Management 1 3 3

(30 Marks) VB 3

3

4

Sub Total 6 3 5 12 30 - - 14 - 18 47 5

Total 14 42 14 70

There will be a value based question(s) carrying 3-4 marks from

any of the units.

Summary

Essay (E) No. 3 Q × 6 M Marks : 18

Short Answer (SA) I No. 4 Q × 4 M Marks : 16

Very Short Answer (SA) II No. 7 Q × 3 M Marks : 21

Scheme of Options No. 5 Q × 2 M Marks : 10

Scheme of Sections (VSA) No. 5 Q × 1 M Marks : 5

24 70

6 | Oswaal CBSE Sample Question Paper, Entrepreneurship, Class–XII

Design of Question Paper(Issued by Board)

Entrepreneurship (066)

Class-XII (2013-14)Time : 3 Hrs. Maximum Marks : 90

The weightage to content/Subject units

S. No. Content Unit Marks

1. Entrepreneurial Opportunities and Enterprise Creation 20

2. Enterprise Planning and Resourcing 20

3. Enterprise Management 30

Total 70

S. No.Form of Marks for each No. of Total

Questions question Questions Marks

1. Essay 6 3 18

2. SA-I 4 4 16

3. SA-II 3 7 21

4. VSA-I 2 5 10

5. VSA-II 1 5 5

Total 24 70

Sample Question Paper (Issued by Board) | vii

SAMPLE QUESTION PAPER

(Issued by Board)

ENTREPRENEURSHIP (066)

Class-XII (2013-14)

Time : 3 hours] [M. M. : 70

General Instructions(i) All the questions are compulsory.

(ii) Marks are indicated against each question.

(iii) Question Nos. 1 to 5 are very short answer questions carrying 1 mark each. Answer toeach of these should not exceed 15 words.

(iv) Question Nos. 6 to 10 are short answer questions carrying 2 marks each. Answer toeach of these should not exceed 50 words.

(v) Question Nos. 11 to 17 are short answer questions carrying 3 marks each. Answer toeach of these should not exceed 75 words.

(vi) Question Nos. 18 to 21 are short answer questions carrying 4 marks each. Answer toeach of these should not exceed 150 words.

(vii) Question Nos. 22 to 24 are long answer questions carrying 6 marks each. Answer toeach of these should not exceed 250 words.

Q. 1. What is the main resource required in a labour intensive unit? 1

Q. 2. After the start of commercial production, what is an entrepreneur required to do? 1

Q. 3. A man decides to open a chain of retail outlets in rural areas to sell trendy T-shirts & otherfashion accessories like high heel shoes, cosmetics etc. Is he correct in his decision? Give areason for your answer. 1

Q. 4. How will you calculate the Return on Investment? 1

Q. 5. What is an Operational Plan? 1

Q. 6. Differentiate between an entrepreneur and an employee? 2

Q. 7. What is Planning Paradigm? 2

Q. 8. Identify the element of the ‘project report’ that deals with the description of the manufacturingprocess, product design & manpower. Explain its importance for an entrepreneur. 2

Q. 9. Find out Economic Order Quantity from the following particulars 2

(i) Annual usage 6000 units(ii) Cost of material per unit ` 20(iii) Cost of placing and receiving one order. ` 60(iv) Annual carrying cost of one unit 10% of inventory value.

Q. 10. What is SWOT Analysis? How does the project report assist in this analysis? 2Q. 11. What is meant by an Operating cycle? What does it indicate? Calculate the working capital of

Vijay Enterprises from given details: 3 Production cycle one week

Number of soaps to be produced per week 200

Cost of raw material ̀ 2000

Labour ` 1500

Direct expenses ` 500

Payment cycle two weeks.

viii | Oswaal, CBSE Sample Question Paper Entrepreneurship, Class–XII

Q. 12. Distinguish between Shares and Debentures on the following basis : 3(i) Right to vote(ii) Return(iii) Convertibility

Q. 13. ‘‘Creativity is the ability to bring something new into existence”. In the light of the statementexplain ‘The Creative Process’. 3

Q. 14. Designing an advertisement is an important activity. State the issues that should be addressed

while designing it. Also, discuss how advertisement empowers the customers? 3Q. 15. Explain why being disciplined in dealing with competitors is an important entrepreneurial at-

tribute? 3Q. 16. Reliance Industries have adopted Diversification and McDonalds focuses on Franchising as their

methodology for growth sustenance. Explain the two methods highlighted here with special ref-erence to their distinctive features. 3

Q. 17. ‘Continuous interaction between knowledge, strategy and action is needed to develop an enter-prise’. Explain using the Enterprise Process Model. 3

Q. 18. Monika, Sumeet and Aditi are three women entrepreneurs who are engaged in dealing withhandicraft goods. They outsource all their products from tribal and rural women. From a part oftheir profits earned in the year, they decided to conduct a hygiene camp in rural areas whereinthey will distribute a kit comprising of toothpaste, brush, soap and also plan to organize a street

play to emphasise on the importance of hygiene. What four values can you derive from the abovegesture? 4

Q. 19. What is meant by Break Even Point? 4Find out the Break Even point from the following information: Fixed Cost ̀ 1,00,000. Variable Cost per unit ̀ 5. Sales Price per unit `10 per unit.

Also find the Break Even Point if the Sale Price is reduced by 10%Q. 20. Explain the concept of ABC Analysis? 4Q. 21. Differentiate between ‘Preference Shares’ and ‘Equity Shares’ on the basis of : 4

(a) Voting Right

(b) Payment of Dividend(c) Repayment of Capital(d) Rate of Dividend

Q. 22. Explain by giving any four points why ‘market-assessment’ is needed for an Entrepreneur? 6OR

Ravi has decided to introduce a new toilet soap in the market. Prepare a proposal taking hisimmediate environmental factors into consideration.

Q. 23. Arvind is planning to start an export company, manufacturing of leather bags. He intends tosource the raw material locally. He estimates an annual turnover of ̀ 20 crore. Identify the mainfeatures of a feasibility plan he would like to prepare. 6

OR‘It is basically a business plan describing all necessary inputs to the enterprise, explaining the

mode of utilization of resources, detailing strategies and outlining desired goals’. Identify thereport, objectives and any two uses of preparing the report.

Q. 24. Explain the meaning and elements involved in the Innovation process. 6OR

(a) Why is pricing crucial in an Entrepreneurial activity? Identify and explain the pricing methodadopted by Dinesh Enterprises from the following:“A soft drink bottle of 300 ml of a company is priced at ̀ 12, while a 1000ml is priced at ̀ 20”.

(b) Raja is a small entrepreneur involved in the manufacturing of desert coolers. He finds thatcost of production of one unit of cooler is ̀ 3000. He decided to have margin of 12% as profit.Determine the sale price of a cooler name & explain the method he has followed?

Sample Question Paper (Issued by Board) | ix

MARKING SCHEME

1. Human Resources 1

2. He is required to apply to the District Industries Center for obtaining permanent registration of

the unit. 1

3. No, because the Indian village culture is not compatible with the products that are being offered.

1

4. ROI = Net profit before interest and taxes / Total Investment. 1

5. It is a plan which shows the steps, procedures and strategies adopted by entrepreneur in maxi-

mizing his turnover and production of the enterprise. 1

6.

BASIS ENTREPRENEUR EMPLOYEE

1. Motive The main motive of an entrepreneur The main motive of an employee is to

is to start a venture by setting up an render his services in an enterprise

enterprise. He is the owner of the which has been set up by someone else.

enterprise.

2. Risk Bearing An entrepreneur bears all risk An employee, as a servant, does not

and uncertainty involved in running bear any risk involved in the enterprise.

the enterprise. 2

7. A planning paradigm may be defined as the concept of having a model to follow when developing

a new enterprise. It refers to a general pattern which suggests how to progress from an abstractidea to achieve sustained stability, growth and value added service. 2

8. Technical Feasibility : Technical feasibility is essential for an entrepreneur for quality control,

quality assurance, research & development work. It considers the technical requirements of the

proposed project. The technical requirements are then compared to the technical capability of

the organization. The systems project is considered technically feasible if the internal technical

capability is sufficient to support the project requirements. 2

9. Economic Ordering Quantity = 2 × annual usage × ordering cost perunit

Carrying cost per unit

Thus as : annual usage = 6,000 Units

Order cost = ` 60

Annual carrying cost of 1 unit = 10% of inventory value .i.e. = 20 10

2100

EOQ = 2 × 6000 × 60

2 = 600 Units 2

10. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. This analysis helps the

entrepreneur to understand the ground realities of his venture in terms of feasibility.The project

report is a blue print that helps him to explain his idea in factual terms so that he could identifyhis Strength, Weakness, Opportunity and Threat. 2

11. An operating cycle is also termed as a cash to cash flow as it starts with the outflow of cash

towards the purchase of raw material and ends with the cash inflow in terms of payments re-

ceived from customers towards the sale of product.

This operating cycle indicates that funds once tied up in the form of raw material are later

converted into finished goods.

In a manufacturing concern there is a time gap between the first step of purchasing of raw

material to last step of selling of goods and realising cash. This time duration is called

operating cycle. It is also called the “changing” or circulating capital because money circu-

lates in various forms of assets in a continued manner.

cont inue

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