Correct Answer: Both statements are true.
 

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

Statement 1 is accurate. Entrepreneurship development is indeed important for fostering innovation and introducing new products and services in the market.

Statement 2 is also true. The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to young individuals to enhance their employability.

Correct Answer: Entrepreneurship development
 

Solution : The correct answer is (b) Entrepreneurship development

By providing financial assistance and incentives to support the tech company's initiative in bridging the digital divide in rural areas, the government is actively contributing to entrepreneurship development. This support encourages and facilitates the growth of entrepreneurial ventures that address societal challenges and promote economic development.

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 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.

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: The assertion is false and the reason is false.

Solution : The correct answer is (d) The assertion is false, and the reason is also false. 

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is a social welfare program in India that guarantees 100 days of wage employment per year to rural households. It is not specifically designed to support entrepreneurs in the technology sector through funding and mentorship. 

Correct Answer: By providing affordable produce for consumers
 

Solution : The correct answer is (b) By providing affordable produce for consumers

The mobile application connects farmers directly to consumers, eliminating the need for middlemen. This direct connection can result in better prices for farmers and, in turn, provide affordable produce for consumers. The removal of middlemen helps streamline the supply chain, ensuring that farmers receive a fair share of the proceeds from their produce.

Correct Answer: Promoting direct farmer-consumer interactions

Solution : The correct answer is (c) Promoting direct farmer-consumer interactions

The mobile application, by connecting farmers directly to consumers and eliminating the need for middlemen, promotes direct interactions between farmers and consumers. This can lead to economic growth by creating more efficient and transparent markets, ensuring fair prices for farmers and providing consumers with affordable produce. The direct interaction facilitated by the app contributes to a more sustainable and inclusive agricultural ecosystem.

Correct Answer: Systematic activity
 

Solution : Entrepreneurship is a systematic, step-by-step and purposeful activity. It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training.
Hence Option A is correct.

Hello,

PGDM in Entrepreneurship and Family Business is a program that focuses on developing entrepreneurial skills for family businesses. The duration of PGDM is of two years at IILM.

The PGDM program is designed to shape highly competent professional managers who have the potential to achieve outstanding performance in any sector of the economy.

HOPE THIS HELPS,

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