Entrepreneurship
Question : Stand Up India scheme aims to support entrepreneurship in the community of India.
Option 1: Below Poverty Line
Option 2: Construction workers
Option 3: Scheduled caste
Option 4: Business person
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
Question : 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. Which characteristics of entrepreneurship is highlighted here?
Option 1: Systematic activity
Option 2: Lawful and purposeful activity
Option 3: Related to innovation
Option 4: Organisation of production
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
Question : Statement 1: The National Policy for Skill Development and Entrepreneurship aims to create a skilled workforce in India.
Statement 2: The policy focuses on promoting entrepreneurship as a means of reducing unemployment.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
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
Question : Assertion: Entrepreneurship development contributes to technological advancement and innovation.
Reason: Entrepreneurs invest in sales maximisation activities for growth.
Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
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
Question : Statement 1: Entrepreneurship is important for fostering innovation and introducing new products and services in the market.
Statement 2: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to young individuals for employability.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
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
Question : Statement 1: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to youth for employability.
Statement 2: It supports startups and promotes entrepreneurship.
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.
Question : Statement 1: The Atal Innovation Mission supports women only in the technology sector through funding and mentorship.
Statement 2: It aims to promote innovation and entrepreneurship across all sectors of the economy.
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
Question : Statement 1: Entrepreneurship development refers to the process of enhancing the skills, knowledge, and resources of individuals to enable them to start and grow their own businesses.
Statement 2: The government's Startup India initiative aims to provide financial support and incentives to startups to foster innovation and job creation.
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
Question : Statement 1: The Atal Innovation Mission aims to promote a culture of innovation and entrepreneurship among young Indians.
Statement 2: The National Manufacturing Competitiveness Program focuses on enhancing the competitiveness of Indian manufacturers.
Statement 1 is accurate. The Atal Innovation Mission is a government initiative in India that aims to promote a culture of innovation and entrepreneurship, particularly among young Indians.
Question : ______ scheme launched by the Central Government aims to promote entrepreneurship among people from Scheduled Castes or Scheduled Tribes.
Option 1: Pradhan Mantri Fasal Bima Yojana
Option 2: Gram Uday Se Bharat Uday Abhiyan
Option 3: Stand Up India scheme
Option 4: National Rurban Mission
Correct Answer: Stand Up India scheme
Solution : The correct option is Stand Up India scheme
The Indian government launched the Stand Up India campaign to support women entrepreneurs and people from the SC and ST communities. This program provides bank loans to qualifying participants ranging from Rs.10 lahk
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