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.

Correct Answer: Both statements are true.
 

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

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. The National Manufacturing Competitiveness Program is designed to enhance the competitiveness of Indian manufacturers, contributing to the growth and development of the manufacturing sector in the country.

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 to Rs. 1 crore to help them start new enterprises. New enterprises or greenfield businesses are the target audience for the Stand Up India loans. It indicates that it is for recently established enterprises.

Correct Answer: Entrepreneurial values and attitudes
 

Solution : Entrepreneurial values and attitudes refers to the behavioural choice individual makes for success in entrepreneurship.
Hence Option A is correct.