"Not being afraid of the risks associated with business and relying on one's capabilities to successfully manage these".
Identify the entrepreneurial competency highlighted in the aforesaid statement.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Self-confidence
Option (1) Assertiveness — Incorrect. Assertiveness means stating one’s vision firmly and convincing others of its value.
Option (2) Persistence — Incorrect. Persistence is a ‘never say die’ attitude. It means not giving up easily and trying again and again until success comes.
Option (3) Self-confidence — Correct. The statement is the exact meaning of self-confidence: not being afraid of the risks of business and relying on one’s own abilities to manage them well.
Option (4) Systematic Planning — Incorrect. Systematic planning means breaking a complex whole into parts, studying each part closely and then drawing a conclusion about the whole.
Note: This question is from the chapter Entrepreneurship Development, which is not in the current NCERT book (2026-27). The chapter is in the pre-rationalised NCERT, from which the extract below is taken. NCERT (Pre-rationalised Edition): “At any point of time, there are many men and women who “want” to set up a business of their own but experience self-perceived barriers to entrepreneurship. They could be having a low perception of self-efficacy either on account of lack of resources (or to be more correct, resourcefulness), knowledge or know-how, and the skills. Collectively, these are referred to as competencies, which now we turn our attention to.”
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