NPTEL Entrepreneurship Week 1 Assignment Answers 2024

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NPTEL Entrepreneurship Week 1 Assignment Answers 2024

NPTEL Entrepreneurship Week 1 Assignment Answers 2024

1. Typically, which of the following is a trigger for an individual to pursue entrepreneurship?

  • Certain unique core competencies of the person
  • The potential to develop a new product or service for the customers
  • Neither (a) nor (b)
  • Both (a) and (b)
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2. Dedicated infrastructure that supports a start-up in the early stage of the startup life cycle is found in:

  • Incubator
  • Academic campus
  • Angel network
  • Banking institution
Answer :-

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

  • High-speed rail
  • Electric vehicles
  • Lead-free fuel
  • None of the above
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4. 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 :-

5. 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
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6. Most start-ups when established fall under the following industry classification:

  • Mega
  • MSME
  • PLI
  • Mainstream
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7. 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?

  • Microfinance
  • Credit Cards
  • Payment gateways
  • Cryptocurrency
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8. Choose the comprehensive answer for this question: Digital reinvention of customer service processes is exemplified by:

  • Amazon
  • Swiggy
  • Shadi.com
  • All of the above
Answer :-

9. Entrepreneurship is an essential driver of economic development because:

  • Entrepreneurs provide new products and services
  • Entrepreneurship stimulates employment
  • Entrepreneurs cause companies with outdated products, services and models change for the better
  • All of the above
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10. An entrepreneur who enters the market with a product or service offering similar to those existing in the market is called:

  • Innovative entrepreneur
  • Replicative entrepreneur
  • Opportunity entrepreneur
  • Necessity entrepreneur
Answer :-