[Week 1] NPTEL Business Fundamentals For Entrepreneurs Assignment Answers 2023

NPTEL Business Fundamentals For Entrepreneurs Assignment Solutions

NPTEL Business Fundamentals For Entrepreneurs Week 1 Assignment Answers 2023

1. Which of the following is not an Indian business?

• Tata Group
• Aditya Birla Group
• Microsoft Corporation
• Mahindra Group

Answer :- c

2. You can understand the ‘social environmnent’ relevant to a business by looking at its customers’….

• Age
• Income
• Education, Social Trends
• All of these

Answer :- d

3. You can understand the ‘economic environment’ existing in a country by looking at its…

• Per capita income
• GDP
• Export-import data
• None of these
• a, b and c

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Answer :- e

4. Which of the following choices is an example of an emerging technology (that did not exist before)?

• Agriculture
• Manufacturing
• Mining
• Cryptocurrency

Answer :- d

5. Which of the following is a support activity, when you are considering Michael Porter’s value chain model, as discussed in the course?

• Inbound logistics
• Operations
• Outbound logistics
• Human resource management
• All of these

Answer :- e

6. The product you create in your business should have all of the following qualities EXCEPT

• It should do your customers’ work faster than the products made by your competitors.
• It should work better than the products of your competitors.
• It should always be more expensive than the products of your competitors.
• It should deliver more satisfaction to your customers than the products of your competitors.

Answer :- c

7. Which of the following is not a business skill of the future, as discussed in the course?

• Problem solving
• Working with people
• Self management
• Writing long, confusing emails using very difficult words

Answer :- d

8. Which of the following is NOT a characteristic of a normal company in India, according to the discussions in the course?

• It exists for 20 years only
• It is a separate legal entity
• It can sue and be sued
• It is an artificial person created by law

Answer :- a

9. Which of the following is a wrong statement, as discussed in the course?

• Small neighborhood store can be a company
• NGO cannot be a company
• Hospital can be a company
• Manufacturing unit can be a company

Answer :- b

10. The current Indian MSME Act classifies companies as

• Micro companies
• Small companies
• Medium companies
• Decacorns
• a, b and c only

Answer :- e

11. Choose the wrong option from the following (according to current Indian rules)

• A listed company is one that is listed on popular websites
• A parent company owns all or most of its subsidiary company
• A startup must have a scalable business model

Answer :- a

12. According to discussions in the course, creating a startup needs

• Customer problem identification
• Business model definition
• Novel solution design
• a, b and c
• a and c only

Answer :- d

13. Which of the following is not needed when you are registering a company in India?

• Digital signature certificate
• Digital identification number
• Registration on MCA portal
• Certificate of incoporation
• a, b, c and d
• Company head office in a foreign location

Answer :- e

14. Complete the following sentence in the context of this course. A conglomerate is a

• consolidated grouping of several different companies
• sedimentary rock
• small startup
• shirt company

Answer :- a

15. Which of the following is an Indian conglomerate?

• Tata Group
• Sony Group
• Samsung Group
• LuLu Group

Answer :- a

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Course Name	Business Fundamentals For Entrepreneurs
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