Class XII Entrepreneurship Marking Scheme 2013 and 2014
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6
uish between ‘sales tax’ and ‘excise duty’.
Sales tax is levied on the sale of the commodity which is sold for the first
time. Excise duty is a tax on manufacture/ production or import of goods.
Note: 1 mark for correct difference
1
Q. 2
Ans
What is meant by ‘Employment’?
An activity in which an individual works regularly for others and gets
remuneration in return.
1
Q. 3
Ans
Give the meaning of ‘Legal environment’.
It covers all such areas such as taxation, employment, law monopoly,
legislation and environmental protection laws.
1
Q. 4
Ans
‘It is the process of entrepreneurship which involves the translation of a
useful idea into an application which has commercial value’. Identify the
process.
Innovation.
Note: In case an examinee has mentioned “Sensing of entrepreneurial
opportunities” ½ mark may be given.
1
Q. 5
Ans
Rahul wants to start an amusement park near Vishakhapattanam. This
will require an investment of Rs.50 lakhs. Name the financial institution
which Rahul should approach for financing this venture.
Tourism Finance Corporation of India (TFCI)
1
Q. 6
Ans
State any two points of importance of ‘Goal setting’.
Write any two points:
1. It is an important exercise for ensuring the appropriate performance
2. It ensures clarity of vision and alignment to the organisational goals.
3. It allows us to be proactive instead of being reactive
1+1=2
Q. 7
Ans
Give the meaning of ‘Routing’ and ‘scheduling ’ as elements of
operational plan.
Routing is a process concerned with determining exact route or path a
product/service has to follow right from raw material till its transformation
into finished product.
Scheduling means fixation of time, date, day when each operation is to be
commenced and completed.
1+1=2
Q. 8 Gaurav started a factory for manufacturing bags for students of nursery
and primary classes. He invested Rs.2,00,000 of his own and obtained a
loan of Rs.10,00,000 from Bank. He made the instruction plan describing
the details that were needed for the operation of machines by the
workers.
Identify and explain the format of ‘business plan’ described in the above
Sales tax is levied on the sale of the commodity which is sold for the first
time. Excise duty is a tax on manufacture/ production or import of goods.
Note: 1 mark for correct difference
1
Q. 2
Ans
What is meant by ‘Employment’?
An activity in which an individual works regularly for others and gets
remuneration in return.
1
Q. 3
Ans
Give the meaning of ‘Legal environment’.
It covers all such areas such as taxation, employment, law monopoly,
legislation and environmental protection laws.
1
Q. 4
Ans
‘It is the process of entrepreneurship which involves the translation of a
useful idea into an application which has commercial value’. Identify the
process.
Innovation.
Note: In case an examinee has mentioned “Sensing of entrepreneurial
opportunities” ½ mark may be given.
1
Q. 5
Ans
Rahul wants to start an amusement park near Vishakhapattanam. This
will require an investment of Rs.50 lakhs. Name the financial institution
which Rahul should approach for financing this venture.
Tourism Finance Corporation of India (TFCI)
1
Q. 6
Ans
State any two points of importance of ‘Goal setting’.
Write any two points:
1. It is an important exercise for ensuring the appropriate performance
2. It ensures clarity of vision and alignment to the organisational goals.
3. It allows us to be proactive instead of being reactive
1+1=2
Q. 7
Ans
Give the meaning of ‘Routing’ and ‘scheduling ’ as elements of
operational plan.
Routing is a process concerned with determining exact route or path a
product/service has to follow right from raw material till its transformation
into finished product.
Scheduling means fixation of time, date, day when each operation is to be
commenced and completed.
1+1=2
Q. 8 Gaurav started a factory for manufacturing bags for students of nursery
and primary classes. He invested Rs.2,00,000 of his own and obtained a
loan of Rs.10,00,000 from Bank. He made the instruction plan describing
the details that were needed for the operation of machines by the
workers.
Identify and explain the format of ‘business plan’ described in the above
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This is from the 2015 paper
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