The major problems faced by rural entrepreneurs are

A. Rate of interest charged by commercial banks is too high 

B. Inability to market their products and services 

C. Lack of comprehensive training on required skills

D. Inability to handle cultural issues 

E. Difficulty in opening bank accounts due to lack of documents 

Choose the correct answer from the options given below: 

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UGC NET Paper 2: Management 16th June 2023 Shift 1
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  1. A and B only 
  2. A, D and E only 
  3. B and C only 
  4. C, D and E only 

Answer (Detailed Solution Below)

Option 3 : B and C only 
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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Detailed Solution

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The correct answer is B and C only.

Key Points 

The correct answer is both B. Inability to market their products and services and C. Lack of comprehensive training on required skills.

The other options are also valid problems faced by rural entrepreneurs, but they are not as common as the two mentioned above.

Here are some additional details about the two problems:

  • Inability to market their products and services: Rural entrepreneurs often face challenges in marketing their products and services due to the factors mentioned earlier, such as lack of access to markets, knowledge about marketing, and financial resources.
  • Lack of comprehensive training on required skills: Rural entrepreneurs often lack the skills and training necessary to run a successful business. This can include skills in areas such as business management, marketing, and finance.
  • These two problems are closely related. If rural entrepreneurs cannot market their products and services effectively, they will not be able to generate enough revenue to sustain their business. And if they do not have the necessary skills, they will not be able to run their business efficiently.

There are many organizations and programs that are working to help rural entrepreneurs overcome these challenges. These organizations provide training, financial assistance, and other resources to help rural entrepreneurs succeed. 

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Last updated on Jun 6, 2025

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