Entrepreneurship
Question : Statement 1: The Atal Innovation Mission supports entrepreneurs in the technology sector through funding and mentorship.
Statement 2: It aims to promote innovation and entrepreneurship across all sectors of the economy.
Option 1: Both statements are true.
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.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is correct as the Atal Innovation Mission (AIM) does provide support, including funding and mentorship, to entrepreneurs in the technology sector.
Statement 2 is also true. AIM aims to promote innovation
Question : Assertion: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to youth for employability.
Reason: It aims to promote skill development and entrepreneurship among young individuals.
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, and the reason correctly explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason correctly explains the assertion.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a skill development initiative in India that
Question : Statement 1: From the point of view of the firm innovation maybe cost increasing. Statement 2: entrepreneurship is creative in the sense that it involves creation of value.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Statement 1 is false and statement 2 is true.
Solution : From the point of view of the permination may be cost saving or revenue inhen Singh if it does both is more than welcome even if it does none it is still welcome as innovation must became
Question : Assertion: The Stand-Up India scheme focuses on promoting entrepreneurship among women and SC/ST entrepreneurs.
Reason: It provides financial assistance to micro and small enterprises in rural areas.
The Stand-Up India scheme indeed focuses on promoting entrepreneurship among women and SC/ST entrepreneurs. Additionally,
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.
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 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.
Statement 2 is also true.
Question : The 1991 economic policy aimed to promote entrepreneurship and innovation through:
Option 1: Licensing and regulations
Option 2: Subsidies and tax incentives
Option 3: Import restrictions
Option 4: Monopoly control
Correct Answer: Subsidies and tax incentives
Solution : The correct answer is (b) Subsidies and tax incentives
The policy introduced several reforms to streamline and simplify the taxation system, reduce tax rates, and offer tax incentives to businesses, especially in sectors considered crucial for economic growth. These incentives included exemptions,
Question : Statement 1: Entrepreneurship development programs provide aspiring entrepreneurs with training, mentoring, and access to financial resources.
Statement 2: The Stand Up India scheme aims to promote entrepreneurship among SC/ST entrepreneurs only.
Correct Answer: Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. Entrepreneurship development programs often provide aspiring entrepreneurs with training, mentoring, and access to financial resources to help them start
Question : Assertion: Entrepreneurship development plays a crucial role in economic growth.
Reason: Entrepreneurs create new ventures with the sole aim of profit motive.
Entrepreneurship development indeed plays a crucial role in economic growth. Entrepreneurs create new ventures not
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