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: 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: Both statements are true.
 

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

Statement 1 is correct. The Atal Innovation Mission (AIM) aims to promote a culture of innovation and entrepreneurship among young Indians.

Statement 2 is also true. The National Manufacturing Competitiveness Program focuses on enhancing the competitiveness of Indian manufacturers.

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: All of the above

Solution : The correct answer is (d) All of the above.

Entrepreneurship development is important for several reasons, and all of the options mentioned are valid and interconnected reasons. 

Overall, entrepreneurship development is crucial for economic vitality, job creation, fostering innovation, and promoting social progress. It not only benefits individuals who embark on entrepreneurial journeys but also contributes to the growth and well-being of societies as a whole.

Correct Answer: MUDRA Yojana
 

Solution : The correct answer is (b) MUDRA Yojana.

MUDRA Yojana (Micro Units Development and Refinance Agency Yojana) is a scheme launched by the Government of India that aims to encourage entrepreneurship in rural areas as well as other parts of the country. MUDRA Yojana provides access to finance for micro and small enterprises, including those in rural areas, to support their business activities and promote entrepreneurship. Under the MUDRA Yojana, eligible individuals and enterprises can avail loans from financial institutions such as banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs) to start or expand their micro and small businesses. The scheme categorizes loans into three categories - Shishu (up to Rs. 50,000), Kishore (from Rs. 50,001 to Rs. 5 lakh), and Tarun (from Rs. 5,00,001 to Rs. 10 lakh) - to cater to the varying needs of entrepreneurs.

Correct Answer: Small Industries Development Bank of India

Solution : The correct answer is Small Industries Development Bank of India.

"Udyam Abhilasha" is a national-level entrepreneurship awareness campaign launched by the Small Industries Development Bank of India (SIDBI) in 2018. The campaign aims to inspire rural youth to take up entrepreneurship as a career and to create awareness about various opportunities available in the micro, small, and medium enterprises (MSME) sector.

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: Economic development and employment generation

Solution : The correct answer is (c) Economic development and employment generation

Ms. Patel's founding of a chain of boutique hotels in various tourist destinations has likely contributed to economic development in those areas. Additionally, by providing job opportunities, her entrepreneurship has contributed to employment generation in the local community.

Correct Answer: Statement 1 is false and statement 2 is true.

Solution : It is a myth that entrepreneurs are born rather than made. Entrepreneurship is systematic step by step and purposeful activity.

Hence, option D is correct.