Entrepreneurship Week 1 NPTEL Assignment Answers 2025

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✅ Subject: Entrepreneurship
📅 Week: 1
🎯 Session: NPTEL 2025 July-October
🔗 Course Link: Click Here
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NPTEL Entrepreneurship Week 1 Assignment Answers 2025

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

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

Answer : b

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 : a

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 Answers 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 :

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

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

Answer :

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 Answers 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 :

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 Answers Click Here 

NPTEL Entrepreneurship Week 1 Assignment Answers 2024

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

a) Certain unique core competencies of the person
b) The potential to develop a new product or service for the customers
c) Neither (a) nor (b)
d) Both (a) and (b)
Answer: d

Explanation: Entrepreneurship often arises from a mix of internal strengths (core competencies) and external opportunities (like unmet market needs). Both factors motivate individuals to start ventures.

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2. Dedicated infrastructure that supports a start-up in the early stage of the startup life cycle is found in:

a) Incubator
b) Academic campus
c) Angel network
d) Banking institution
Answer: a

Explanation: Incubators provide physical space, mentorship, resources, and early-stage support to startups, helping them grow in their initial stages.

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

a) High-speed rail
b) Electric vehicles
c) Lead-free fuel
d) None of the above
Answer: b

Explanation: Electric vehicles represent a significant shift in the automotive industry from fossil fuels to clean energy — a true industrial transformation.

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

a) Telecommunications
b) Aviation
c) Both (a) and (b)
d) Neither (a) nor (b)
Answer: c

Explanation: Both industries have seen significant start-up failures due to high capital costs, competition, and regulatory challenges.

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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:

a) Micro enterprise
b) Small enterprise
c) Medium enterprise
d) Nano enterprise
Answer: a

Explanation: According to official MSME guidelines, a Micro enterprise is defined by investment not exceeding ₹25 lakhs in plant and machinery.

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

a) Mega
b) MSME
c) PLI
d) Mainstream
Answer: b

Explanation: The majority of startups fall under the MSME (Micro, Small & Medium Enterprises) category due to their small size and initial investment levels.

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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?

a) Microfinance
b) Credit Cards
c) Payment gateways
d) Cryptocurrency
Answer: d

Explanation: Cryptocurrency is a digital asset that combines finance with technology, but in many countries including India, it is not fully regulated or endorsed legally.

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8. Choose the comprehensive answer for this question: Digital reinvention of customer service processes is exemplified by:

a) Amazon
b) Swiggy
c) Shadi.com
d) All of the above
Answer: d

Explanation: All these platforms have digitally transformed traditional customer service models — from shopping to food delivery to matchmaking — into seamless online experiences.

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

a) Entrepreneurs provide new products and services
b) Entrepreneurship stimulates employment
c) Entrepreneurs cause companies with outdated products, services and models change for the better
d) All of the above
Answer: d

Explanation: Entrepreneurship fosters innovation, creates jobs, and drives competition, which helps improve overall economic health.

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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:

a) Innovative entrepreneur
b) Replicative entrepreneur
c) Opportunity entrepreneur
d) Necessity entrepreneur
Answer: b

Explanation: Replicative entrepreneurs follow existing models with similar products/services, often improving slightly or operating in different geographies.