NPTEL Entrepreneurship Week 1 Assignment Answers 2023

In this post, We have provided answers of the NPTEL Entrepreneurship Week 1 Assignment. We provided answers here only for reference. Plz, do your assignment at your own knowledge.

NPTEL Entrepreneurship Week 1 Assignment Answers 2023

1. Which of the following is an example of industrial transformation?

• High-speed rail
• Electric vehicles
• Lead-free fuel
• None of the above

Answer :- None of the above

2. An entrepreneur who revels in creating new businesses continuously may be called:

• Creator of serial entrepreneurial ventures
• Destroyer of existing businesses
• Continuous investor
• None of the above

Answer :- Creator of serial entrepreneurial ventures

3. Which of the following industries has seen mortality of start-ups or entrepreneurial firms over the last two decades?

• Telecommunications
• Aviation
• Both (a) and (b)
• Neither (a) nor (b)

Answer :- For Answer Click Here

4. A start-up typically starts with:

• Putting a product in the market
• Discovering a problem and defining a solution
• Changing a business model
• None of the above

Answer :- For Answer Click Here

5. Having a co-founding team provides the advantages of:

• Complementary skills
• Shared responsibilities
• Potential leadership transitions
• All of the above

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6. Entrepreneurship is common with start-up in terms of:

• Starting with meagre resources
• Taking risks
• Neither (a) nor (b)
• Both (a) and (b)

Answer :- For Answer Click Here

7. Entrepreneurial firms seek to:

• Create new products and/or markets
• Create market wealth
• Disrupt existing businesses
• Any or all of the above

Answer :- 

8. An entrepreneur who enters the market to create a firm, leaving formal employment is called:

• Innovative entrepreneur
• Replicative entrepreneur
• Opportunity entrepreneur
• Necessity entrepreneur

Answer :- For Answer Click Here

9. As per the MSME classification of Government of India, a product firm with an investment less than or equal to Rs 25 lakhs in plant and machinery is called

• Micro enterprise
• Small enterprise
• Medium enterprise
• Nano enterprise

Answer :- 

10. An infrastructure that helps entrepreneurs in their early stage of the startup life cycle with plug and play facilities and other common services is called:

• Incubator
• Accelerator
• Angel investment platform
• Venture capital platform

Answer :- For Answer Click Here

NPTEL Entrepreneurship Week 1 Assignment Answers 2022 [July-Dec]

1. Most successful new-age start-ups in India deploy the following:

a. Imported technologies.
b. Vintage technologies.
c. Social technologies.
d. Digital technologies.

Answer:- d

2. Government of India has the following qualification criterion for an entity to be called as ‘startup’ in India, reckoned from the date of inception.

a. Age of the start-up
b. Age of the founders
c. Age of the investors
d. None of the above

Answer:- a

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3. An entrepreneur who enters the market with a product or service which is based on a similar or improved product that is already existing is called:

a. Innovative entrepreneur
b. Replicative entrepreneur
c. Opportunity entrepreneur
d. Necessity entrepreneur

Answer:- b

4. Most start-ups when established fall under the following industry classification:

a. Mega
b. MSME
c. PLI
d. Mainstream

Answer:- b

5. Dedicated incubation infrastructure that supports a start-up in the early stage of the startup life cycle is found in an Institution such as:

a. IIT Madras
b. Research Park
c. Genome Valley
d. CSIRDRDO

Answer:- a

6. Which of these startups witnessed rapid growth in the Covid–19 pandemic times?

a. Food Delivery
b. E-Commerce
c. Edutech
d. All the above

Answer:- d

👇For Week 02 Assignment Answers👇

7. Which of the following is an example of industry undergoing product transformation?

a. Highway construction
b. Automobile industry
c. Rail transport
d. Air transport

Answer:- For Answer Click Here

8. Which of the following represents a transformative convergence of finance and digital technologies, which is yet to see endorsement by the national government as legal tenor?

a. Microfinance
b. Credit Cards
c. Payment gateways
d. Cryptocurrency

Answer:- d

9. To achieve customer acceptance, the entrepreneur must:

a. Identify the problem faced in the marketplace and find a creative solution.
b. Identify the problem faced in financing for the project and raise finance
c. Identify ideas that qualify for government support and implement them
d. Identify good talent and build an organisation

Answer:- a

10. What is the fundamental starting stage of an entrepreneurial journey?

a. Ideation
b. Testing
c. Validation
d. Prototyping

Answer:- a

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About Entrepreneurship

This course provides a detailed overview of entrepreneurship as the foundation of business growth and value creation in the national economy. It provides multiple constructs for entrepreneurs to be successful, and pathways for their companies to achieve sustainable growth. Each week/module of the course will cover one specific theme/topic with conceptual perspectives as well as practical examples.

Upon successful completion of the course, the student will gain an expansive and deep appreciation of entrepreneurship and its pivotal role in the economy. The student or aspiring entrepreneur will be able to approach entrepreneurship with clarity and focus, and an enhanced understanding of the key success factors as well as possible risks and potential mitigation strategies. A practising entrepreneur is likely to be able to navigate the opportunities and challenges of entrepreneurship more effectively with the additional insights available. 

COURSE LAYOUT

The course structure and content covers, over a period of 12 weeks, the following 15 modules.

• Module 1: Entrepreneurial Journey
• Module 2: Entrepreneurial Discovery
• Module 3: Ideation and Prototyping
• Module 4: Testing, Validation and Commercialisation
• Module 5: Disruption as a Success Driver
• Module 6: Technological Innovation and Entrepreneurship – 1
• Module 7: Technological Innovation and Entrepreneurship – 2
• Module 8: Raising Financial Resources
• Module 9: Education and Entrepreneurship
• Module 10: Beyond Founders and Founder-Families
• Module 11: India as a Start-up Nation
• Module 12: National Entrepreneurial Culture
• Module 13: Entrepreneurial Thermodynamics
• Module 14: Entrepreneurship and Employment
• Module 15: Start-up Case Studies

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

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