Correct Answer: Stand-up India

Solution : The correct answer is (d) Stand-up India

Stand-up India is a government initiative launched in 2016 with the objective of promoting entrepreneurship among women and individuals from marginalized communities. The policy aims to facilitate bank loans between 10 lakh and 1 crore rupees to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs for starting new ventures or expanding existing ones.

Under the Stand-up India scheme, banks are encouraged to provide loans for setting up greenfield enterprises, which are new ventures in the manufacturing, services, or trading sectors. The policy also provides support in terms of skill development, mentorship, and handholding to empower entrepreneurs from disadvantaged sections of society.

The goal of Stand-up India is to create a conducive environment for entrepreneurship, encourage self-employment, and promote economic empowerment among SC, ST, and women entrepreneurs. It is part of the government's broader efforts to foster inclusive economic growth and reduce socio-economic disparities in the country.

Correct Answer: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Solution : The correct answer is (b) Both assertion and reason are true, but the reason does not correctly explain the assertion.

While both the assertion and reason are true, the reason provided doesn't accurately explain the assertion. Entrepreneurship development does contribute to technological advancement and innovation, but the reason incorrectly suggests that entrepreneurs invest in sales maximization activities for growth. Entrepreneurs may invest in various activities, including research and development, to foster innovation and technological advancement, and not necessarily just in sales maximization activities.

Correct Answer: Scheduled caste

Solution : The correct answer is Scheduled Caste.

The Government of India introduced the Stand Up India Loan Scheme in 2016 to foster entrepreneurship and make bank loans more accessible to women entrepreneurs and members of the Scheduled Caste (SC). The programme aims to provide borrowers with access to bank branch loans to assist them in starting their businesses.

Correct Answer: Related to innovation
 

Solution : Entrepreneurship involves a continuous search for new ideas. It involves introduction of new products, discovery of new market and sources of supply of inputs, technological break thoughts as well as introduction of new organisation forms for doing things in a better way.
Hence Option C is correct.

Correct Answer: Both statements are true.

Solution : The correct answer is (a) Both statements are true.

Statement 1 is true. The National Policy for Skill Development and Entrepreneurship in India aims to create a skilled workforce by providing training, education, and skill development programs. The policy recognizes the importance of enhancing the employability of individuals and addressing the skill gaps in various sectors of the economy.

Statement 2 is also true. The policy emphasizes promoting entrepreneurship as a means of reducing unemployment. It aims to foster an entrepreneurial ecosystem by supporting aspiring entrepreneurs, facilitating access to finance, providing business development services, and promoting innovation and job creation through entrepreneurship. By encouraging entrepreneurship, the policy aims to generate employment opportunities and contribute to economic growth.

Correct Answer: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Solution : The correct answer is (b) Both assertion and reason are true, but the reason does not correctly explain the assertion.

While both the assertion and reason are true, the reason provided doesn't accurately explain the assertion. Entrepreneurship development does contribute to technological advancement and innovation, but the reason incorrectly suggests that entrepreneurs invest in sales maximization activities for growth. Entrepreneurs may invest in various activities, including research and development, to foster innovation and technological advancement, and not necessarily just in sales maximization activities.

Correct Answer: Both statements are true.
 

Solution : The correct answer is (a) Both statements are true.

Statement 1 is accurate in stating that entrepreneurship is important for fostering innovation and introducing new products and services in the market.

Statement 2 is also true. The Pradhan Mantri Kaushal Vikas Yojana is a skill development initiative in India that provides training to young individuals to enhance their employability skills.

Correct Answer: Both statements are true.
 

Solution : The correct answer is (a) Both statements are true.

Statement 1 is accurate. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a skill development initiative in India that provides training to youth to enhance their employability skills.

Statement 2 is also true. While the primary focus of PMKVY is skill development, it indirectly contributes to supporting startups and promoting entrepreneurship by creating a skilled workforce that can actively participate in various sectors, including entrepreneurship.

Correct Answer: Both statements are false.

Solution : The correct answer is (d) Both statements are false.

The Atal Innovation Mission (AIM) does not support women exclusively in the technology sector; rather, it aims to promote innovation and entrepreneurship across all sectors of the economy. I appreciate your patience and understanding.

Correct Answer: Both statements are true.
 

Solution : The correct answer is (a) Both statements are true.

Statement 1 accurately defines entrepreneurship development as the process of enhancing the skills, knowledge, and resources of individuals to enable them to start and grow their own businesses.

Statement 2 correctly describes the government's Startup India initiative, which indeed aims to provide financial support and incentives to startups to foster innovation and job creation.