Entrepreneurship in India Flashcard

Front

What role do entrepreneurs play in India's economy?

Back

They contribute to socio-economic development.

Front

Which of the following is NOT a reason for entrepreneurship's impact on the economy? Production of goods, Career opportunities, Innovation, Creating monopolies

Back

Creating monopolies

Front

How do entrepreneurs help in the distribution of economic power?

Back

By starting small and growing

Front

What is one way entrepreneurs create competition?

Back

By creating new products and services

Front

What is a benefit of innovation by entrepreneurs?

Back

It helps save costs and generate wealth.

Front

Which organization is known for supporting rural development? Options: National Small Industries Corporation, National Bank for Agriculture and Rural Development, Rural Small Business Development Centre, Small Industries Development Bank of India

Back

National Bank for Agriculture and Rural Development

Front

What is one of the roles of the government in promoting entrepreneurship?

Back

Providing infrastructure and finance

Front

What does the term 'forward and backward linkages' refer to?

Back

Connecting suppliers and markets

Front

How do entrepreneurs contribute to balanced regional development?

Back

By removing regional disparities

Front

What is one effect of entrepreneurship on per capita income?

Back

It helps achieve higher per capita income.