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 aims to provide training to youth for employability. The reason is also accurate, as one of the objectives of PMKVY is to promote not only skill development but also entrepreneurship among young individuals, contributing to their overall employability.
Answer laterQuestion : 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 a habit.
Hence, option D is correct.
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.
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 Stand-Up India scheme indeed focuses on promoting entrepreneurship among women and SC/ST entrepreneurs. Additionally, it provides financial assistance to set up greenfield enterprises by offering bank loans between Rs. 10 lakhs and Rs. 1 crore to at least one woman and one SC/ST entrepreneur per bank branch for setting up enterprises in the manufacturing, services, or the trading sector. Therefore, the reason correctly explains the assertion.
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 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 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.
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 and entrepreneurship across all sectors of the economy, not limited to the technology sector.
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.
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 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.
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, deductions, and subsidies to encourage investment, research and development, and technological innovation.
By providing subsidies and tax incentives, the 1991 economic policy aimed to create a conducive environment for entrepreneurship and innovation, enabling businesses to thrive, expand, and contribute to the overall economic development of the country.
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.
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: 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 and grow their businesses.
Statement 2 is false. The Stand Up India scheme is not limited to promoting entrepreneurship among SC/ST entrepreneurs only. It aims to support entrepreneurship among women and SC/ST entrepreneurs, providing financial assistance and support to promote inclusivity and diversity in entrepreneurship.
Question : Assertion: Entrepreneurship development plays a crucial role in economic growth.
Reason: Entrepreneurs create new ventures with the sole aim of profit motive.
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.
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.
Question : Assertion: Entrepreneurship development plays a crucial role in economic growth.
Reason: Entrepreneurs create new ventures with the sole aim of profit motive.
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.
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.
