Correct Answer: By investing in research and development for smart gadgets
 

Solution : The correct answer is (b) By investing in research and development for smart gadgets

Recognizing the decline in demand for traditional electronic gadgets and the growing market for smart devices, XYZ Electronics took the proactive approach of investing in research and development. This strategic decision enabled them to create cutting-edge smart gadgets, leading to increased sales and market share.

Correct Answer: Both statements are true.
 

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

Statement 1 is accurate. Entrepreneurship development programs often provide aspiring entrepreneurs with training, mentoring, and access to financial resources.

Statement 2 is also true. The Stand Up India scheme aims to promote entrepreneurship among women and entrepreneurs from Scheduled Castes (SC) and Scheduled Tribes (ST) by providing financial support and other assistance.

Correct Answer: Increasing spectrum and scope of economic activities
 

Solution : Diversification of economic activities across the geography, sectorial and technological scope leads to development of an economy. It mobilises local and even overseas resources to augment the production capacity of a country.
Hence Option B is correct.

Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
  

Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Dairying does provide opportunities for entrepreneurship in the rural sector, and the reason for this is that it allows individuals to establish their dairy farms and value-added dairy product units.Dairying involves various activities related to the rearing of dairy animals, milk production, and the processing of milk into various dairy products. It provides an avenue for individuals to enter the dairy business and establish their own dairy farms.

By setting up dairy farms, individuals can become entrepreneurs and take control of their own dairy production. They can acquire and manage a herd of dairy animals, such as cows or goats, and produce milk on their farms. This allows them to have direct ownership and control over the entire dairy production process.

By engaging in dairying and establishing their own dairy farms and value-added dairy product units, individuals can create employment opportunities for themselves and others in the rural sector. They contribute to the rural economy by generating income, supporting local markets, and fostering entrepreneurship in the dairy sector.

Therefore, the assertion that dairying provides opportunities for entrepreneurship in the rural sector is true, and the reason that it allows individuals to establish their dairy farms and value-added dairy product units is the correct explanation for this assertion.

Correct Answer: By investing in employee training and innovation

Solution : The correct answer is (c) By investing in employee training and innovation

ABC Textiles invested in training its employees in the latest technologies and innovative techniques, demonstrating a commitment to adapting and staying competitive in the market. This investment in employee training and innovation aligns with the principles of entrepreneurship development, fostering adaptability, and enhancing the company's overall success.

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.

Entrepreneurship development indeed plays a crucial role in economic growth. Entrepreneurs create new ventures not only with the aim of profit motive but also contribute to job creation, innovation, and overall economic development. The reason correctly explains the assertion in this context.

Correct Answer: NITI Aayog's Women Entrepreneurship Platform

Solution : The correct answer is NITI Aayog's Women Entrepreneurship Platform.

The Women Transforming India Awards is an annual initiative by NITI Aayog that aims to spotlight the remarkable contributions and pioneering efforts of women leaders and change-makers in India. The awards celebrate role models who have shattered barriers, making a positive impact on society. Since 2018, the Awards have been organized under NITI Aayog's Women Entrepreneurship Platform (WEP), with a particular emphasis on recognizing achievements in the field of entrepreneurship.

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.