KSLU Solved Question Papers
Entrepreneurship Development
Previous Year Question Paper with Solution
B.B.A. LL.B. (Five Years) · Sem 2
2021 Mar Examination
munotes.in
Mumbai
B.B.A. LL.B. (Five Years) Sem 2 Entrepreneurship Development 2021 Mar Question Paper with Solutions
First published on munotes.in on 1 November 2026.
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The question paper reproduced here is the paper as set by Karnataka State Law University at the 2021 Mar examination.
Contents
The questions below are the paper as Karnataka State Law University set it at the 2021 Mar examination, in the order it was set.
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2021 Mar examination, reproduced as Karnataka State Law University set them, in the order it set them. Long reading passages are shortened to their first and last lines and our summary; the original paper prints them in full. Only the answers are ours. See the original question paper.
Total marks 70 · 14 questions answered
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q1"Entrepreneurs are made, not born." Comment.[10]
Answer
For full marks, cover: what the statement means; the two views (entrepreneurs are born, entrepreneurs are made) with the arguments for each; the evidence that entrepreneurs can be developed (McClelland's theory and the Kakinada experiment, the growth of entrepreneurship development programmes); the qualities that can be learnt; the role of environment and support; a balanced view; and a conclusion agreeing with the statement, with its limits.
What the statement means
The statement takes sides in an old debate. One view holds that entrepreneurs are born: a few people have natural gifts of daring, vision and leadership, and only they can build enterprises. The other view holds that entrepreneurs are made: the qualities needed can be developed in ordinary people through education, training, experience and a supportive environment. The statement says the second view is correct.
The view that entrepreneurs are born
Supporters of this view point to famous founders who started young, without training, and seemed to have a natural flair for business. They argue that qualities such as courage, imagination and the willingness to take risks are part of a person's temperament. They also note that many children of business families become entrepreneurs, which they read as an inborn tendency.
The view that entrepreneurs are made
This view has stronger support today, for several reasons.
1. Entrepreneurial qualities can be learnt. Skills such as spotting opportunities, planning, managing money, marketing and dealing with people are learnt like any other skill. Confidence grows with practice and small successes.
2. Motivation can be developed. McClelland argued that a strong need for achievement drives people into enterprise, and that this need can be raised by training. In the Kakinada experiment of the 1960s, businessmen given achievement motivation training became more active. Two years later the town had almost one third more jobs than a comparable town.
3. Training programmes work. India built a system of entrepreneurship development programmes on this belief. Institutes such as NIESBUD, set up in 1983, have trained lakhs of people. Many first-generation entrepreneurs have started units after such training.
4. Family business shows the role of learning. Children of business families grow up hearing about customers, credit and profit, and often work in the family firm. Their advantage comes largely from what they learn at home, not from birth.
5. Environment and support matter. People become entrepreneurs where finance, markets, infrastructure and encouragement are available. Government schemes, banks, incubators and mentors help many people who would not otherwise start a business.
6. Experience shapes entrepreneurs. Many founders worked for years in an industry before starting their own firm. They learnt its technology, customers and problems on the job, and then saw an opportunity others had missed.
What cannot easily be taught
The opposite view still contains some truth. Personal traits such as energy, persistence, tolerance of uncertainty and a liking for independence vary from person to person. Training cannot turn every individual into a successful entrepreneur. It works best when a person already has some interest and willingness, and it then develops these into real ability.
An Indian illustration
Kiran Mazumdar-Shaw started Biocon in 1978 in the garage of her rented house in Bengaluru, with seed capital of Rs 10,000. She began with enzymes and later moved into biopharmaceuticals. Her story shows that a large enterprise can grow from a very small start, through knowledge, persistence and a clear opportunity. A seed capital of Rs 10,000 is within reach of many people. Founders like her support the view that entrepreneurs can be made, by what they learn and by the chances they take.
A balanced view
The best answer is that entrepreneurs are largely made, on a base of personal traits. Natural traits may give some people a head start. But knowledge, skills, motivation, experience and the right environment decide whether that start becomes a successful enterprise. Since the qualities of an entrepreneur can be developed, a country can raise the number of its entrepreneurs through education, training and support.
Why the debate matters
If entrepreneurs were only born, a government could do little except wait for them to appear. Because they can be made, policy can act. Schools and colleges can teach enterprise, training institutes can build motivation and skills, and banks and schemes can provide credit to first-generation entrepreneurs. This is the reasoning behind the entrepreneurship development programmes found across India today.
Conclusion. The statement that entrepreneurs are made, not born, is broadly true. Qualities such as opportunity-spotting, planning, risk-taking and the drive to achieve can be developed. Training, experience and a supportive environment develop them, as McClelland's work and India's development programmes show. Personal traits still play a part, so not everyone will succeed. But the main lesson is hopeful: entrepreneurs can be developed, and their development is a sound way to build an economy.
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