Entrepreneurship Essentials Nptel Week 2 Quiz Answers 2026
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Entrepreneurship Essentials Nptel Week 2 Quiz Answers (Jan-Apr 2026)
Que.1 Which of the following CANNOT be concluded from the story of Dhirubhai Ambani?
a) Entrepreneurs identify opportunities in adversities.
b) Entrepreneurs start it big to be successful.
c) Entrepreneurs are knowledge seekers.
d) Entrepreneurs have a compelling vision and a comprehensive plan to execute it.
Que.2 Which of the following represents the five forces of competition as espoused by Porter?
a) Core competency, Competitive rivalry, government policy, threat of new entrant, threat of substitution
b) Competitive rivalry, government policy, buyer power, threat of substitution, threat of new entry
c) Competitive rivalry, supplier power, buyer power, threat of substitution, international competition
d) Competitive rivalry, supplier power, buyer power, threat of substitution, threat of new entrant
Que.3 Which of the following helps startups gain the LEAST amount of competitive advantage?
a) Innovative technology and protecting intellectual property rights (IPR).
b) Efficient cost management to ensure price advantage.
c) Building trusted brands with increasing loyal followers.
d) To achieve first-mover advantage through great execution.
Que.4 Identify the correct statement from the following:
What is meant by the construct “limited liability” in the context of a limited liability form of legal entity?
a) The liability of the company is limited to its resources.
b) The liability of any owner is limited to his/her share of the business at any point in time.
c) The liability of any owner is limited to his/her proportional shareholding in the company.
d) The liability of a company is limited to the market value of its assets.
Que.5 In partnership form of business, the written agreement duly stamped and registered is known as _____.
a) Partnership MOU
b) Memorandum of partnership
c) Partnership deed
d) Partnership agreement
Que.6 Which form of business has a limited life?
a) Limited liability partnership
b) Proprietorship
c) Private limited company
d) Public limited company
Que.7 Investors prefer which form of the legal structure of an enterprise and why? Choose the most appropriate statement from the following:
a) Proprietorship because it gives absolute liberty to the proprietor for execution and the personal assets of the proprietor can be attached in case of default.
b) Partnership because it has all attributes of proprietorships and more than one founders.
c) Private limited company because the personal assets of shareholders cannot be attached to meet company obligations and it can induct new investors as shareholders.
d) Public limited company since it can issue shares to the public, list its shares to stock exchanges, and the shares are easily transferable, thus offering easy exit to the investors.
Que.8 When should a startup convert its venture into a limited liability company?
a) At the idea stage
b) When the prototype is ready and customer validation is in the process
c) When the business demands such as approaching investors or incubators
d) When applying for patent or trademark or GST registration, whichever is earlier
Que.9 What was the main reason for the failure of Iridium? Choose the best answer.
a) Over-pricing
b) Excessive capital cost
c) The technology was ahead of time
d) Lack of product-market fit
Que.10 Which of the following can create the least of Entry Barriers?
a) Brand loyalty
b) Business process management at the shop floor
c) Ownership of intellectual property
d) Logistic advantage
(Jan-Apr 2025)
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Which of the following cannot be concluded from the story of Dhirubhai Ambani?
a. Entrepreneurs identify opportunities in adversities
b. Entrepreneurs start it big to be successful
c. Entrepreneurs are knowledge seekers
d. Entrepreneurs have a compelling vision and a comprehensive plan to execute it.
- Which of the following represents the five forces of competition as espoused by Porter?
a. Core competency, Competitive rivalry, government policy, threat of new entrant, threat of substitution
b. Competitive rivalry, government policy, buyer power, threat of substitution, threat of new entry
c. Competitive rivalry, supplier power, buyer power, threat of substitution, International competition
d. Competitive rivalry, supplier power, buyer power, threat of substitution, threat of new entrant
- Which of the following helps gain the LEAST amount of competitive advantage?
a. Innovative technology and protecting intellectual property rights (IPR)
b. Efficient cost management to ensure price advantage
c. Building trusted brands with increasing loyal followers
d. To achieve first-mover advantage through great execution
- Identify the correct statement from the following. What is meant by limited liability in the context of a limited liability form of legal entity?
a) The liability of the company is limited to its resources
b) The liability of any owner is limited to his/her share of the business at any point in time
c) The liability of any owner is proportional to his/her shareholding in the company
d) The liability of a company is limited to the market value of its assets
- In partnership form of business, the written agreement duly stamped and registered is known as
a. Partnership MOU
b. Memorandum of partnership
c. Partnership deed
d. Partnership agreement
- Which form of business has a limited life?
a) Limited liability partnership
b) Proprietorship
c) Private limited company
d) Public limited company
- Choose the most appropriate statement among the following: Investors prefer which form of the legal structure of an enterprise and why.
a) Proprietorship because it gives absolute liberty to the proprietor for execution and the personal assets of the proprietor can be attached in case of default.
b) Partnership because it has all attributes of proprietorships and more than one founders
c) Private limited company because the personal assets of shareholders cannot be attached to meet company obligations and it can induct new investors as shareholders.
d) Public limited since it can list its shares to stock exchanges.
- When should a startup register a limited liability company?
a. At the idea stage
b. When the prototype is ready and customer validation is in the process
c. When the business demands such as approaching investors or incubators
d. When applying for patent or trademark or GST registration whichever is earlier.
- What was the main reason for failure of Iridium? Choose the best answer.
a. Over-pricing
b. Excessive capital cost
c. The technology was ahead of time.
d. Lack of product-market fit.
- Which of the following can create the least of Entry Barriers ?
a. Brand loyalty
b. Business process management at the shop floor
c. Ownership of intellectual property
d. Logistic advantage
Entrepreneurship Essentials Nptel Week 2 Quiz Answers
For answers to others Nptel courses, please refer to this link: NPTEL Assignment