Explore topic-wise InterviewSolutions in Current Affairs.

This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.

1.

State the command to select the entire Worksheet.

Answer»

Control + A is the command to select the entire Worksheet.

2.

Fill in the blanks with articles1. My grandmother, like everybody’s grandmother, was ………… old woman. She had been old and wrinkled for ………… twenty years that I had known her.2. She said her morning prayer in ………… monotonous sing-song while she bathed and dressed me up. She used to wake me up in ……… morning and get me ready for school.3. The priest taught us ………… alphabet and …………… morning prayer.4. That was ………… turning-point in our friendship. Although we shared ………… same room, my grandmother no longer came to school with me.5. I used to go to ………… English school in ………… motor bus.6. There were no dogs in …………… streets and she took to feeding sparrows in ……… courtyard of our city house.7. When I went for higher studies, I was given ………… room of my own ……… common link of friendship was snapped.8. ………… sparrows took no notice of ……… bread.9. Soon after ………… Bangkok championship, I was selected in ………… 48kg category.10. We were confined to ………… sports arena, but what little I saw was pleasing to ………… eye.

Answer»

1. an, the

2. a, the

3. the, the

4. a, the

5. an, a

6. a, The

7. The, the

8. The, the

9. the, the

10. the, the

3.

A good inspiring piece touches everybody’s heart. a) Activities b) Dreaming big. c) Music. d) Expensive Thoughts.

Answer»

c) Music.

Music is a good inspiring piece touches everybody’s heart.

4.

Ciliopathies were first identified in model organisms _________________(a) C. elegans(b) Drososphila(c) Mus musculus(d) Arabidopsis thaliana

Answer» The correct choice is (a) C. elegans

For explanation: Cilia and basal bodies have an important role in organ development and function. Many of the genes responsible for ciliopathies (cilia-based disorders) were first identified in model organisms C.elegans and Chlamydomonas.
5.

In how many subcompartments of the chloroplasts, can the proteins be delivered?(a) 2(b) 4(c) 6(d) 8

Answer» The correct answer is (c) 6

To elaborate: Proteins can be delivered to the following six subcompartments of a chloroplast: inner nd outer envelope membrane, intermembrane space, stroma, thylakoid membrane and thylakoid lumen.
6.

Most proteins destined for uptake by the chloroplasts are synthesized with a ________________(a) removable C-terminal sequence(b) removable N-terminal sequence(c) removable hydrophobic tail(d) removable hydrophilic tail

Answer» Right choice is (b) removable N-terminal sequence

Best explanation: Similar to the proteins taken up by mitochondria, proteins destined for chloroplast are also synthesized with a removable N-terminal sequence, termed the transit peptide.
7.

The number of chloroplasts found in Arabidopsis thaliana is _____________(a) 100(b) 150(c) 50(d) 200

Answer» Correct answer is (a) 100

Easy explanation: Arabidopsis thaliana commonly known as mouse-ear cress has around 100 chloroplasts in each cell. The number of chloroplasts in each organism differ from species to species depending on the need of energy from photosynthesis.
8.

TCA cycle is a __________ process and glycolysis is a ______________ process.(a) aerobic, anaerobic(b) anaerobic, aerobic(c) aerobic, aerobic(d) oxidation, reduction

Answer» Correct choice is (a) aerobic, anaerobic

The best I can explain: Tricarboxylic acid (TCA) cycle is an aerobic oxidative metabolism whereas glycolysis is anaerobic oxidative metabolism.
9.

During salt stress condition in Arabidopsis, which of the following antiport proteins are used?(a) AvPI and AtNHX(b) AvPI and AtDBF(c) AvPI and AvPII(d) None of the mentioned

Answer» Right choice is (a) AvPI and AtNHX

The best I can explain: AvPI (Arabidopsis vacuola protein I) and AtNHX (Arabidosis transporting H^+ ion) are the antiport proteins present on the membrane of vacuole. During salt stress condition, there is an increase in Na+ ion in the cell, which leads to acidity in cell and may be harmful to plants. These antiport transport Na^+ ion into the vacuole from cytoplasm coupled with the transport of H^+ ion from vacuole to cytoplasm. This result in reduction of Na+ concentration in cytoplasm and reduction of acidity in salt-stress condition.
10.

At the expense of two ATP molecules, how many phosphate groups are present on the fructose in the third step of glycolysis?(a) 2(b) 3(c) 4(d) 5

Answer» Correct choice is (a) 2

To explain I would say: Glucose is first phosphorylated at the expense of one ATP molecule, rearranging to form fructose phosphate and then phosphorylation takes place again leading to a total of two phosphate groups attached to the fructose chain.
11.

Which of the following human cells are multinucleated?(a) Myocytes(b) Erythrocytes(c) Megakaryocytes(d) None of the mentioned

Answer» Right choice is (a) Myocytes

To explain I would say: Multinucleated cells have multiple nucleus. In humans, skeletal muscle cells which are also known as myocytes, become multinucleated during development. The results in the arrangement of nuclei near the periphery of the skeletal muscle cells and thus, allowing maximum intracellular space for myofibrils.
12.

The enzymes of glycolysis are located in the ______________(a) mitochondria(b) golgi complex(c) cytosol(d) cytoplasm

Answer» Correct choice is (c) cytosol

To elaborate: Cytosol is the fluid part of the cytoplasm. Starting with the glucose, the initial steps of oxidation process are carried out by the enzymes of glycolysis.
13.

The import cycle of cargo or molecule inside the nucleus requires the hydrolysis of  ___(a) 1 GTP(b) 1 ATP(c) 2 GTPs(d) 3 GTPs

Answer» The correct option is (c) 2 GTPs

Best explanation: The import of cargo or molecule inside the nucleus is an active transport. This is because the whole of import cycle needs the energy from the hydrolysis of two Guanosine triphosphate (GTP) molecules.
14.

Which of the following displaces Importin-alpha from the cargo transported inside the nucleus?(a) Impotin-beta(b) RanGTP(c) CAS(d) RanGTPase

Answer» The correct option is (c) CAS

Best explanation: Once the complex composed of importin-alpha—importin-beta—molecule enters the nucleus, the importin-alpha and importin-beta has to be removed. RanGTP binds to Importin-beta and displaces it from the complex. Then the Cellular Apoptosis Susceptibility (CAS) protein which is an exportin and is bound to RanGTP, displaces Importin-alpha from the molecule with NLS sequence.
15.

The channel in a membrane protein by which an ion or molecule can be transported in and out of the cell membrane is known as ___________(a) Permeation pathway(b) Permeate channel(c) Permeation channel(d) Channel pathway

Answer» The correct answer is (a) Permeation pathway

To explain I would say: Transmembrane proteins act as channels from the intracellular and extracellular transport of ions and molecules. The channel through which the transport is done is called permeation pathway as it helps in the permeation of solutes and ions through the membrane.
16.

Casparian strips occur inA. cortexB. pericycleC. epidermisD. endodermis

Answer» Correct Answer - D
Casparian strips are found in endodermis of roots. It is a band of thickening which runs along the radial and tangential walls of endodermal cells. It is made up of suberin and lignin. Casparian strips prevent plasmolysis of endodermal cells.
Cortex is found below epiblema. It is made up of thin-wailed parenchymal cells. Epidermis is the outermost layer made up of thinwalled flattened and siightly elongated parenchymal cells. Pericycle is found below endodermis and it is made of parenchymatous cells.
17.

Distinguish between the following:(a) Hibernation and Aestivation(b) Ectotherms and Endotherms

Answer»

(a) Hibernation and Aestivation

HibernationAestivation
Hibernation is a state of reduced activity in some organisms to escape cold winter conditionsAestivation is a state of reduced activity in some organisms to escape desiccation due 
Bears and squirrels inhabiting cold regions are examples of animals that hibernate during wintersFishes and snails are examples of organisms aestivating during summers. 

(b) Ectotherms and Endotherms

EctothermsEndotherms
Ectotherms are cold blooded animals. Their temperature varies with their surroundings. Endotherms are warm blooded animals. They maintain a constant body temperature. 

Fishes, amphibians, and reptiles are ectothermal animals.

Birds and mammals are endothermal animals 

18.

The type of diapause which occur in winter a. Hibernation b. Aestivation c. Dormancy d. Starvation e. Quiescence

Answer»

The type of diapause which occur in winter Hibernation

19.

Changes in maternal physiology during pregnancy include a rise in A. Nitrogen retention. B. Mean arterial pressure of around 20 mmHg. C. Arterial PCO2. D. Tone in the urinary tract E. The renal threshold for glucose.

Answer»

A. True About 300 g nitrogen is retained, half by maternal tissues and half by fetal tissues. 

B. False Blood pressure tends to fall, such a rise suggests disease. 

C. False It tends to fall due to increased ventilation. 

D. False Tone decreases and may lead to ureteric reflux and urinary infections. 

E. False It falls, and glucose may appear in urine at normal blood glucose levels.

20.

STDs which are transmitted by blood transfusionA. HIV, Hepatitis-BB. HIV, Hepatitis-B and Genital wartsC. HIV, Hepatitis-B and Genital HerpesD. All of the above

Answer» Correct Answer - A
(D)STDs which are transmitted by blood transfusion HIV and Hepatitis-B.
21.

Some cell organells are given below Endoplasmic reticulum, Golgi complex, mitochondria, chloroplast, vacuole, lysosome, microbodies, and centriole 1. Identify the cell organelles belongs to the endomembrane system. 2. Differentiate the cell organelles into membrane-bound and nonmembrane bound.3. which is the cell organelle only found in animal cell but not in a plant cells.

Answer»

1. Endoplasmic reticulum, golgi complex .vacuole, lysosome 

2.

Membrane-boundnon-membranebound
Endoplasmic reticulum
Endoplasmic reticulum
Mitochondria
Chloroplast
Vacuole
Lysosome
Centriole

3. centriole

22.

Smooth endoplasmic reticulum is well developed in cells which synthesise (a) steroids (b) proteins (c) carbohydrates (d) all of these

Answer»

(a) steroids

23.

When an organ is used it will develop and if it is not used, it weakens to become vestigial. Who could have said this theory ? (a) Darwin (b) Hugo de-Vries (c) Lamarck (d) Mendel

Answer»

When an organ is used it will develop and if it is not used.

(c) Lamarck 

24.

The process that helps in translocation of water and mineral salts (a) transpiration (b) photosynthesis (c) dark reaction (d) glycolysis

Answer»

(a) Transpiration is the evaporation of water from aerial parts and of plants, especially leaves but also stems, flowers and fruits. Transpiration is a side effect of the plant need to open its stomata in order to obtain carbon dioxide gas from the air for photosynthesis. Transpiration also cools plants and enables mass flow of mineral nutrients from roots to shoots.

25.

Golgi bodies help in (a) excretion of steroids (b) storage and secretion (c) translation (d) transcription

Answer»

(b) storage and secretion 

26.

Breakdown of pyruvate using oxygen takes place in (a) Golgi bodies (b) chloroplast (c) mitochondria (d) nucleus

Answer»

(c) In cell biology, a mitochondrion is a membraneenclosed organelle, found in most eukaryotic cells. Mitochondria are "cellular power plants," because they generate most of the cell's supply of ATP, used as a source of chemical energy. Each pyruvate molecule produced by glycolysis is actively transported across the inner mitochondrial membrane, and into the matrix where it is oxidized and combined with coenzyme A to form CO2, acetyl- CoA and NADH.

27.

Simple tissues are (a) parenchyma, xylem and collenchyma (b) parenchyma, collenchyma and sclerenchyma (c) parenchyma, xylem and sclerenchyma (d) parenchyma, xylem and phloem

Answer»

(b) parenchyma, collenchyma and sclerenchyma

28.

The SER helps in building the cell membrane. This process is called (a) protein synthesis (b) membrane abiogenesis (c) membrane biogenesis (d) glycogenesis

Answer»

(c) The smooth endoplasmic reticulum has functions in several metabolic processes, including synthesis of lipids, metabolism of carbohydrates and calcium concentration, drug detoxification, and attachment of receptors on cell membrane proteins.

29.

Amino acid chains built by the ribosomes then move to the (a) golgi apparatus (b) lysosome (c) endoplasmic reticulum (d) mitochondria

Answer»

(d) mitochondria

30.

Vesicles are essential for the normal functioning of the Golgi apparatus because (a) they provide energy for chemical reactions. (b) they move proteins and lipids between different parts of the organelle. (c) they contribute to the structural integrity of the organelle. (d) they produce the sugars that are added to proteins.

Answer»

(b) they move proteins and lipids between different parts of the organelle. 

31.

The organelles that contain their own genetic material are (a) Mitochondria, Vacuoles (b) Plastids, Golgi complex (c) Mitochondria, Plastids (d) Ribosomes, NucleolusA

Answer»

(c) Although most of a cell's DNA is contained in the cell nucleus, mitochondria have their own independent genomes. As mitochondria contain ribosomes and DNA, and are only formed by the division of other mitochondria, it is generally accepted that they were originally derived from endosymbiotic prokaryotes. Plastid DNA exists as large protein-DNA complexes associated with the inner envelope membrane and called 'plastid nucleoids'. Each nucleoid particle may contain more than 10 copies of the plastid DNA.

32.

Golgi apparatus is involved in the formation of : (a) lysosome (b) vacuoles (c) plastids (d) mitochondria

Answer»

(a) The Golgi apparatus is integral in modifying, sorting, and packaging the substances for cell secretion or for use within the cell. It primarily modifies proteins delivered from the rough endoplasmic reticulum, but is also involved in the transport of lipids around the cell, and the creation of lysosomes.

33.

Bacteria cannot be seen with the naked eyes, but these can be seen with the help of a microscope. If you have to carry a sample from your home to your biology laboratory to demonstrate the presence of microbes under a microscope, which sample would you carry and why?

Answer»

Curd can be used as a sample for the study of microbes. Curd contains numerous lactic acid bacteria (LAB) or Lactobacillus. These bacteria produce acids that coagulate and digest milk proteins. A small drop of curd contains millions of bacteria, which can be easily observed under a microscope.

34.

(a). A patient had suffered myocardial infraction and clots were found in his blood vessels Name a ‘clot buster’ that can be used to dissolve the clots and the micro-organism from which it is obtained. (b). A woman had just undergone a kidney transplant. A bioactive molecular drug is administered to oppose kidney rejection by the body. What is the bioactive molecule? Name the microbe form which this is extracted (c). What do doctors prescribe to lower the blood cholesterol level in patients with high blood cholesterol? Name the source organism form which this drug can be obtained.

Answer»

(a) The clot buster is used to dissolve clot is Streptokinase. It is obtained from bacteria Streptococcus. 

(b) The bio-active molecule is Cyclosporin A. It is obtained from Trichoderma polysporum. 

(c) The blood cholesterol lowering agent is Statins. It is produce by the yeast Monascus purpureus.

35.

In which food would you find lactic acid bacteria? Mention some of their useful applications

Answer»

Lactic acid bacteria can be found in curd. It is this bacterium that promotes the formation of milk into curd. The bacterium multiplies and increases its number, which converts the milk into curd. They also increase the content of vitamin B12 in curd. Lactic acid bacteria are also found in our stomach where it keeps a check on the disease-causing micro-organisms.

36.

Find out the name of the microbes from which Cyclosporin A (an immunosuppressive drug) and Statins (blood cholesterol lowering agents) are obtained.

Answer»
DrugFunctionMicrobe
Cyclosporine −A Immunosuppressive drug Trichoderma polysporum 
StatinBlood cholesterol lowering agentMonascus purpureus
37.

Microbes can be used to decrease the use of chemical fertilisers and pesticides. Explain how this can be accomplished

Answer»

Microbes play an important role in organic farming, which is done without the use of chemical fertilizers and pesticides. Bio-fertilizers are living organisms which help increase the fertility of soil. It involves the selection of beneficial micro-organisms that help in improving plant growth through the supply of plant nutrients. Biofertilizers are introduced in seeds, roots, or soil to mobilize the availability of nutrients. Thus, they are extremely beneficial in enriching the soil with organic nutrients. Many species of bacteria and cyanobacteria have the ability to fix free atmospheric nitrogen. Rhizobium is a symbiotic bacteria found in the root nodules of leguminous plants. Azospirillium and Azotobocter are free living nitrogen-fixing bacteria, whereas Anabena, Nostoc and Oscillitoria are examples of nitrogen-fixing cyanobacteria. Bio-fertilizers are cost effective and eco-friendly.
Microbes can also act as bio-pesticides to control insect pests in plants. An example of bio-pesticides is Bacillus thuringiensis, which produces a toxin that kills the insect pests. Dried bacterial spores are mixed in water and sprayed in agricultural fields. When larvae of insects feed on crops, these bacterial spores enter the gut of the larvae and release toxins, thereby it. Similarly, Trichoderma are free living fungi. They live in the roots of higher plants and protect them from various pathogens. Baculoviruses is another bio-pesticide that is used as a biological control agent against insects and other arthropods.

38.

Alexander wants to deal with a particular commodity alone. He wants to have branches all over the country. Explain to him the suitable type of selling and also state its merits.

Answer»

Chain Stores or Multiple Shops 

Multiple shop is a system of branch shops operated under centralised management and dealing in a similar line of goods. Branches are located throughout the nation.

Features of multiple shops 

1. It deals in one or two lines of products.

2. All branches are dealing in similar goods 

3. It has centralized management and a unified system of control 

4. It eliminates middlemen. 

5. It works on cash and carry the principle 

6. It has centralized buying and decentralized selling. 

7. There is uniformity in operation in all branches. 

8. It deals with goods of daily use and durables.

Advantages 

1. It enjoys economies of bulk purchase because the goods for all branches are purchased by head office. 

2. There is no risk of bad debts because all sales are on a cash basis. 

3. The advertisements for all branches are done by the head office. So there is an economy in the advertisement. 

4. Multiple shops are located in towns and cities. They attract a large number of customers. 

5. All branches of multiple shops are uniform in style, design, and display of goods. 

6. All the branches sell quality goods at uniform prices. It creates public confidence. 

7. The economy in large scale buying, centralized management, etc. reduces the cost of operations. 

8. Products having no demand in one branch can be transferred to another branch. It reduces business risk. 

9. Multiple shops enjoy the benefits of quick turn over because of countrywide location.

Limitations

1. The multiple shops deal only in a limited range of products. So consumers have very little choice. 

2. They will not provide any credit facilities to consumers. 

3. There is a lack of personal touch between the company and consumers because branches are managed by salaried managers. 

4. The branch manager is only a salaried employee. He has no initiative to increase profits. 

5. As these shops deal in a limited line of goods, a fall in demand will affect the business.

39.

Consider the following statements regarding the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).1. It is an international agreement between governments, that is administered by the United Nations Environment Programme (UNEP).2. CITES is not legally binding on state parties to the convention, which is obliged to adopt their own domestic legislation to implement its goals.3. CITES was drafted as a result of a resolution adopted at a meeting of members of IUCN.Which of the above statements is/are correct?1. 1 and 2 only2. 1 and 3 only3. 2 and 3 only4. 1, 2 and 3 only

Answer» Correct Answer - Option 2 : 1 and 3 only

The correct answer is 1 and 3 only

  • Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)
    • Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement to regulate worldwide commercial trade in wild animal and plant species.
    • It restricts trade in items made from such plants and animals, such as food, clothing, medicine, and souvenirs.
    • It was signed on March 3, 1973 (Hence world wildlife day is celebrated on March 3).
    • It is administered by the United Nations Environment Programme (UNEP). Hence, statement 1 is correct.
    • Secretariat — Geneva (Switzerland).
    • CITES is legally binding on state parties to the convention, which is obliged to adopt their own domestic legislation to implement its goals. Hence, statement 2 is incorrect.
    • CITES was drafted as a result of a resolution adopted at a meeting of members of IUCN. Hence, statement 3 is correct.
40.

A commerce teacher, while going through the topic, internal trade, cites the example of Bata shoe company, having its headquarters in Bombay has its showrooms at different locations of the city as well as various cities all over India. The products of the company carry the same price in all these showrooms.Explain the features of these types of shops.

Answer»

Chain Stores or Multiple Shops 

Multiple shop is a system of branch shops operated under centralised management and dealing in a similar line of goods. Branches are located throughout the nation.

Features of multiple shops 

1. It deals in one or two lines of products. 

2. All branches are dealing in similar goods 

3. It has centralized management and a unified system of control 

4. It eliminates middlemen. 

5. It works on cash and carry the principle 

6. It has centralized buying and decentralized selling. 

7. There is uniformity in operation in all branches. 

8. It deals with goods of daily use and durables.

Advantages 

1. It enjoys economies of bulk purchase because the goods for all branches are purchased by head office. 

2. There is no risk of bad debts because all sales are on a cash basis. 

3. The advertisements for all branches are done by the head office. So there is an economy in the advertisement. 

4. Multiple shops are located in towns and cities. They attract a large number of customers. 

5. All branches of multiple shops are uniform in style, design, and display of goods. 

6. All the branches sell quality goods at uniform prices. It creates public confidence. 

7. The economy in large scale buying, centralized management, etc. reduces the cost of operations.

8. Products having no demand in one branch can be transferred to another branch. It reduces business risk. 

9. Multiple shops enjoy the benefits of quick turn over because of countrywide location. 

Limitations 

1. The multiple shops deal only in a limited range of products. So consumers have very little choice.

2. They will not provide any credit facilities to consumers. 

3. There is a lack of personal touch between the company and consumers because branches are managed by salaried managers. 

4. The branch manager is only a salaried employee. He has no initiative to increase profits. 

5. As these shops deal in a limited line of goods, a fall in demand will affect the business.

41.

Bata Shoe Company is an example of ……

Answer»

Chain stores

42.

Bata is an example of _________A. Mail order housesB. General storesC. Chain storesD. Departmental stores

Answer» Correct Answer - (c ) Chain stores
43.

Buying and selling of goods and services within the boundaries of a country are referred to as ______A. External tradeB. ExportC. Internal tradeD. Import

Answer» (c ) Internal trade
44.

Describe briefly the role of achievement motivation in entrepreneurship.

Answer»

It was traditionally said that an entrepreneur is born but, in reality, an entrepreneur is not just born but is aspired to become one. Men and women who carry a sense of self-efficacy, are the ones who are capable of being a potential source of entrepreneurship. Herein, achievement motivation plays an important role in aspiring them to become an entrepreneur. What drives an individual towards entrepreneurship is the inclination towards achieving something different. Achievement and excelling over competitive situations proves as a motivating factor to take up entrepreneurship. Moreover, the desire is to accomplish difficult and different situations as independently as possible. The platform to fulfil these desires is provided by entrepreneurship. Entrepreneurship drives an individual to excel one’s self and overcome the obstacles through successful exercise of talent. That is, entrepreneurship creates a platform for exercising creativity and self-development. Hence, achievement motivation plays an important role in entrepreneurship.

45.

In economics, which of the following is not a function of the entrepreneur?(a) Risk-taking(b) Provision of capital and organization of production(c) Innovation(d) Day to Day conduct of business

Answer»

(c) An entrepreneur performs various functions such as risk-taking, provisioning of capital and organisation of production and day to day conduct of business. Although innovation is an important ‘characteristics’ of an entrepreneur but, it is not his core function. While, an entrepreneur needs to be innovative while planning and deciding upon business activities as to fulfill the public demand but, it is not his duty to innovate new technology or products. Thus, innovation is not a function to be performed rather an essential characteristic of a successful entrepreneur.

46.

Entrepreneurs undertake(a) Calculated risk(b) High risk(c) Low risk(d) Moderate and calculated risk

Answer»

(a) Risk refers to the probability that the realised profits are less than the expected profit. When an entrepreneur sets up a venture, he is not sure of its success. There is no assurance of returns or profits. Moreover, he also takes up the risk of choosing entrepreneurship as a career over practice of a profession that involves an assured pay off. However, an entrepreneur always takes calculated risk. As per their skill, training and confidence, they try to minimize the risk. For example, an entrepreneur might enter into prior contracts with the customers and thereby, ensure the sale of the product. Thus, it can be said that entrepreneurs undertake moderate and calculated risk.

47.

”Entrepreneurs undertake moderate risks”. Elaborate this statement.

Answer»

In the writings of Richard Cantillon, an entrepreneur is described as an agent who purchases means of production at certain prices, converts them into final products to sell them at uncertain prices in future. Herein, the key element which needs to be taken into consideration is ‘uncertainty regarding future’. When an entrepreneur starts up a new business he is never sure of its success. It may happen that the business may flourish in the successful direction or it might also happen that it ruins everything that the entrepreneur has. Although the possibility of absolute ruin is very rare, but the risk is always there. Moreover, when an individual opts for entrepreneurship as a career he gives up career in employment. That is, he gives up a well promised job or profession that provides assured returns. However, in reality what he is taking up is called moderate and calculated risk. When an entrepreneur decides to take up a new business venture, then first of all he weighs the favours against the odds on the basis of his skills, abilities and confidence. On this basis, they generally avoid the situations that are highly risky. Thus, they do undertake risks but such risks are moderate and calculated ones. They take up those ventures where the odds and favours are in equal probability and where they have the confidence of converting a only a 50% probability of success into 100% success. Thus, it can be said that they undertake moderate and calculated risk.

48.

Clarify how motivation and abilities impact an individual’s decision to choose entrepreneurship as a career.

Answer»

Many people are efficacious in the sense that they have a self-perception along with the confidence of turning the odd situations into the favourable ones. Such individuals have the potential of becoming a successful entrepreneur. Such individuals have the ability required to be an entrepreneur. What they require is a set of motivating factors. There are many enablers and disablers of entrepreneurship such as socio-cultural situations, individual values, etc. which affect the decision to take up entrepreneurship as a career. Four primary drivers of entrepreneurial behaviour have been identified, namely, N-Ach, N-Pow, N-Aff and N-Aut.

Need for Achievement (N-Ach): An urge to accomplish the competitive situations and to use one’s talent to achieve high standards of excellence drives an individual towards entrepreneurship. This need for achievement refers to mastering, manipulating and organising the human resources and ideas in order to attain something difficult. Entrepreneurship creates a platform for exercising creativity and self-development. Entrepreneurship drives an individual to excel one’s self and to overcome the obstacles through successful exercise of talent.

Need for Power (N-Pow): Power refers to the authority to influence and direct people. An entrepreneur is the owner of his enterprise and thereby holds the power to control its various activities. Moreover, a successful entrepreneur uses his power to fulfill not only his own personal interests but also at the same time can provide positive impetus to the society as well.

Need for Affiliation (N-Aff): Every person has a need for affiliation. That is, he desires to conform to the wishes and aspirations of the people whom he/she values. Although entrepreneurs are believed to be low on affiliation but, this is not true. One may not work for self-fulfillment but for his/her family’s gratification. For instance, one may wish to carry on with his family business and works to take it to a greater height. This is perceived as the need for affiliation. Thus, entrepreneurship fills in the need for affiliation and motivates a person to satisfy his social needs via choosing entrepreneurship as a career.

Need for Autonomy (N-Aut): Need for autonomy refers to the need for freedom and independence. Unlike other professional practices, entrepreneurship provides the freedom of being responsible to one’s own self. In other words, entrepreneurship provides the opportunity of being responsible and accountable to ones’ own self rather than working under some external authority. Such a freedom motivates the people to take up entrepreneurship as a career.

49.

Clarify the meaning of the terms ‘entrepreneur’, ‘entrepreneurship’ and ‘enterprise’.

Answer»

The three terms ‘entrepreneur’, ‘entrepreneurship’ and ‘enterprise’ are different yet interrelated to each other. An entrepreneur refers to a person/individual who starts up a business. He is the one who takes up the basic idea of setting up the business. In the process of setting up the business, he undertakes risk, coordinates production resources and undertakes innovation. This whole process of setting up a new business is called entrepreneurship. The final result, that is, the business which is established after undertaking the process of entrepreneurship is called an enterprise. Thus, ‘entrepreneur is the person’ who undertakes the ‘process of entrepreneurship’ to set up an ‘enterprise’.

50.

List any two advantages of green jobs.

Answer»

1. Toxin free homes and cities. 

2. Protecting and restoring ecosystem.