ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.

Detailed explanation-2: -The correct option is F Risk taking.

Detailed explanation-3: -According to a survey, having the independence to make your own decisions is considered the key benefit of being an entrepreneur. The number one reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them.

Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.

Detailed explanation-5: -Mental ability:-to have creative thinking and must be able to analyse situations and problems. Business Secrecy:-he should protect his business secrets from his competitors. Clear objectives:-must have a clear objectives of what to be pursued in the future.