Question : Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent. Which need for entrepreneurship is highlighted here?
Option 1: Contribution to GDP
Option 2: Capital formation
Option 3: Generation of Employment
Option 4: Generation of business opportunities for others.
Correct Answer: Generation of Employment
Solution : Entrepreneurship is a source of employment to people with different abilities, skills and qualifications. Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent. Hence Option C is correct.
Question : Which of the following is not a part of process of entrepreneurship development?
Question : Which of the following is an example of a non-financial incentive for entrepreneurship development?
Question : The important indicator of economic development is increase in GDP. As income is generated in the production, entrepreneurship generate income through organisation of production. Which need for entrepreneurship is highlighted here?
Question : It involves improving process, reducing wastage, increasing yield and bringing technical progress by altering labour capital ratio. Which need for entrepreneurship is highlighted here?
Question : It involves diversification of economic activities across the geography, sector and technological scope which leads to development of any economy. Which need for entrepreneurship is highlighted here?
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