Question

Which of the following is not a characteristic of entrepreneurship?

• A. It is a non-economic activity.
• B. It deals with optimization in utilization of resources.
• C. Ability to take risks.
• D. It is related to identifying an opportunity.

Hint:

Entrepreneurship hamesha economic activity hoti hai jisme risk-taking aur opportunity identification shamil hote hain.

Answer 1

The Correct Option is A

Topic: Entrepreneurial Skills
Step 1: Understanding the Question:
We need to find the statement that does not define the nature or behavior of an entrepreneur or their business activity.
Step 2: Key Formula or Approach:
Economic activities involve the production and distribution of goods/services for profit.
Entrepreneurship is the process of setting up a business to earn profit while managing risks.
Step 3: Detailed Explanation:
Entrepreneurship involves identifying a gap in the market (Opportunity - Option D) and taking financial and operational chances (Risk - Option C).
It also requires the efficient use of manpower and materials (Resource Optimization - Option B).
Since the ultimate goal of starting a venture is usually to generate income and profit, it is strictly an "Economic Activity." Calling it "Non-economic" is incorrect.
Step 4: Final Answer:
The characteristic "It is a non-economic activity" is incorrect; therefore, option (A) is the right answer.
Final Answer: It is a non-economic activity.