ENTREPRENEURIAL DEVELOPMENT QUESTION BANK

2 MARKS
1. Define entrepreneurship and briefly explain its significance in economic
development.
2. Discuss the different types of entrepreneurship with examples.
3. What are some common traits found in successful entrepreneurs?
4. Identify and explain three factors that promote entrepreneurship in a society.
5. List and explain three barriers that aspiring entrepreneurs might face.
6. Explain the concept of entrepreneurial culture and its importance in fostering
entrepreneurship.
7. Outline the stages involved in the entrepreneurial process.
8. Discuss the role of women entrepreneurship in driving economic
development.
9. Define Self-Help Groups (SHGs) and explain their relevance in promoting
entrepreneurship.
10.What methods can be used for recognizing opportunities in business?
11.Explain the importance of trend analysis in identifying business
opportunities.
12.Describe the process of generating business ideas through brainstorming.
13.How can companies protect their ideas from being lost or stolen?
14.Define patents and intellectual property rights (IPR) and explain their
significance in business.
15.What are the key components of market analysis in opportunity evaluation?
16.Explain the concept of technical analysis in evaluating business
opportunities.
17.Briefly discuss the importance of cost-benefit analysis in project selection.
18.What is project formulation, and why is it important in the business planning
process?
19.Discuss the advantages of preparing a model project report for starting a new
venture.
20.Identify and briefly explain three common sources of finance for
entrepreneurs.
 5 MARKS
1. Define entrepreneurship and discuss its significance in the contemporary
business landscape.
2. Explain the different types of entrepreneurship with relevant examples.
3. What are the key traits or characteristics of successful entrepreneurs?
Discuss.
4. Identify and analyze the factors that promote entrepreneurship in a society or
economy.
5. Outline the barriers commonly faced by entrepreneurs and discuss strategies
to overcome them.
6. How does entrepreneurial culture influence the success of businesses and
economies?
7. Describe the stages involved in the entrepreneurial process from idea
generation to business establishment.
8. Discuss the role of women entrepreneurship in fostering economic
development.
9. Explain the concept of Self-Help Groups (SHGs) and their contribution to
entrepreneurship and economic empowerment.
10.How can opportunities be recognized and evaluated for potential business
ventures?
11.Discuss various methods such as trend analysis and brainstorming used in
generating business ideas.
12.Explain the importance of protecting business ideas from being lost or
stolen. Discuss methods like patents and intellectual property rights (IPR) in
this context.
13.Outline the steps involved in opportunity identification and product/service
selection for entrepreneurial ventures.
14.Analyze the significance of market analysis, technical analysis, cost-benefit
analysis, and network analysis in evaluating project feasibility.
15.Discuss the challenges faced in dealing with basic and initial problems
during the setup of enterprises.
16.Define a business plan and elaborate on its importance in the entrepreneurial
journey.
 17.Outline the process involved in creating a business plan and discuss its
advantages.
18.Describe the components of a model project report for starting a new
venture, emphasizing team-based project work.
19.Identify and discuss various sources of finance available for entrepreneurial
ventures, including venture capital, business angels, commercial banks, and
government grants.
20.Explain the venture capital process and discuss its role in funding
entrepreneurial ventures.

10 MARKS
Unit I: Entrepreneurship
1. Explain the meaning of entrepreneurship and discuss the various types of
entrepreneurship. How do these types differ in their approach to innovation
and risk-taking?
2. Identify and analyze the key traits of successful entrepreneurs. How do these
traits contribute to their ability to identify and exploit opportunities in the
market?
3. Discuss the factors that promote entrepreneurship in a society. How do
cultural, economic, and institutional factors influence the prevalence of
entrepreneurial activity?
4. What are the main barriers to entrepreneurship? How can aspiring
entrepreneurs overcome these barriers to successfully start and grow their
businesses?
5. Evaluate the role of entrepreneurial culture in fostering innovation and
economic growth. Provide examples of countries or regions where a strong
entrepreneurial culture has led to significant economic development.
Unit II: Developing Successful Business Ideas
1. Describe the process of recognizing opportunities in the market. How can
trend analysis and market research techniques such as focus groups and
surveys aid in identifying viable business ideas?
2. Explain the importance of creativity in generating business ideas. How can
organizations create an environment that encourages creativity and
innovation among employees?
 3. Discuss the various methods for protecting business ideas from being lost or
stolen. What are the advantages and limitations of patents and intellectual
property rights (IPR) in safeguarding intellectual assets?
4. How can entrepreneurs evaluate the feasibility of business ideas? Discuss
the role of market analysis, technical analysis, and cost-benefit analysis in
assessing the viability of potential ventures.
5. Explore the concept of a "day in the life" research approach for
understanding customer needs and preferences. How can this method help
entrepreneurs develop products or services that meet the demands of their
target market?
Unit III: Opportunity Identification and Evaluation
1. Explain the process of opportunity identification and selection. How can
entrepreneurs effectively generate and screen project ideas to identify the
most promising opportunities?
2. Discuss the importance of market analysis in evaluating business
opportunities. How can entrepreneurs assess market demand, competition,
and potential risks before launching a new venture?
3. Evaluate the significance of technical analysis in assessing the feasibility of
business ideas. How can entrepreneurs leverage technical expertise to
develop innovative products or services?
4. Describe the steps involved in project formulation for new ventures. What
are the key components of a comprehensive project plan?
5. Discuss the challenges faced by entrepreneurs in the initial stages of setting
up a business. How can entrepreneurs effectively deal with these challenges
to ensure the success of their ventures?
Unit IV: Business Planning Process
1. Define the concept of a business plan and its significance for entrepreneurial
ventures. How does a well-developed business plan contribute to the success
of a new venture?
2. Outline the key steps involved in the business planning process. How can
entrepreneurs effectively gather and analyze information to develop a
comprehensive business plan?
3. Discuss the advantages of business planning for entrepreneurs. How can a
well-defined business plan help entrepreneurs mitigate risks and make
informed decisions?
 4. Explain the process of preparing a model project report for starting a new
venture. What are the essential elements that should be included in a project
report?
5. How can team-based project work facilitate the development of a business
plan? Discuss the benefits of collaboration and teamwork in the
entrepreneurial context.
Unit V: Funding
1. Identify the various sources of finance available to entrepreneurs. Compare
and contrast the advantages and limitations of venture capital, business
angels, commercial banks, and government grants.
2. Describe the venture capital process and the criteria that venture capitalists
use to evaluate investment opportunities. How can entrepreneurs attract
venture capital funding for their ventures?
3. Discuss the role of business angels in providing financial support to early-
stage ventures. What are the key factors that business angels consider when
deciding to invest in a startup?
4. Evaluate the importance of commercial banks as a source of financing for
small and medium-sized enterprises (SMEs). How can entrepreneurs
effectively secure bank loans and credit facilities for their ventures?
5. Explore the various government grants and schemes available to support
entrepreneurial activities. How can entrepreneurs navigate the process of
applying for government funding and leverage these resources to fuel
business growth?