Trading/ industrial ventures started by Government under various formats like company, corporation, departments, board denotes state entrepreneurship.

Modern entrepreneur is one who keenly observes the dynamics of the market with an eagle eye and identifies the unfilled gaps if any in product/ service marketed. He/she takes initiative in starting the venture to cater to the unmet needs of the market.

(i)  Dhirubai Ambani
(ii)  T.V. Sundaram Iyengar
(iii)  Birla
(iv)  Narayanamurthi
(v)  Aziz Premji
(vi)  Seshadriji

Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.

Corporate Entrepreneur is otherwise called Promoter.

Business Entrepreneur is also called Solo Entrepreneur.

(i) Urban Entrepreneur:
(a) An entrepreneur who commences his entrepreneurial activity in urban areas like State Capital, District Headquarters, Towns, Municipalities, etc.,
(b) They may be an industrial entrepreneur or corporate entrepreneur or retail entrepreneur.
(ii) Rural Entrepreneur:
(a) These are people who start a venture in rural locations.
(b) They are provided a lot of economic and fiscal incentives to start their venture in rural and semi-urban areas in order to check the exodus of rural people to urban centers in pursuit of employment opportunity.

Imitative Entrepreneur
(i) Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
(ii) A simply re-engineer or redesign the products developed in advanced countries and produce a version suited to their local conditions.
(iii) For example, many electronic products invented in advanced countries are simply re engineered in developing countries.
(iv) Similarly expensive medicines developed in advanced countries are simply reengineered by changing the composition of elements or changing the process of production.
 

(i) They nurture desire of starting a particular venture and earning high profit there from and thus attaining a social status.
(ii) They apply their knowledge, skill and insight in making the venture a great success in order to earn maximum profit out of the venture.

(i) political environment is the state government and legislation, public and private state holder
(ii) It has an impact on the business whether in a positive or negative way.

1. Innovating Entrepreneur
(a) Innovative entrepreneur is one who is always focussed on introducing a new-project or introducing something new in the venture already started. 
(b) Their innovation may take the form of brand new product, upgraded product, new method of production, reengineering of existing product etc.
2. Imitative Entrepreneur
(a) Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
(b) For example many electronic products invented in advanced countries are simply reengineered in developing countries
3. Fabian Entrepreneur
(a) These entrepreneurs are said to be conservatives and sceptical about plasticising any change in their organisation. They are of risk-averse type.
(b) They do not simply change themselves, they change only when they fear than non-adaptability will lead to loss of the enterprise.
4. Drone Entrepreneur
(1) Drone Entrepreneur are those who are totally opposed to changes unfolding in the environment.
(2) Drone never try to adapt themselves with the changes even as a last resort. Example : Global Tooth Power.

(b) Rural entrepreneur- Promoter

(d) Induced entrepreneur - Self fulfilment

(a) Both (A) and (R) are true and (R) is the correct explanation of (A).

(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).