Question : Case Study 10: Entrepreneurship and Economic Growth

A group of young graduates decided to start a tech startup. They developed an innovative mobile application that connects farmers directly to consumers, eliminating the need for middlemen. This resulted in better prices for farmers and affordable produce for consumers.

Question:

The startup's app contributes to economic growth by:

Option 1: Increasing the cost of agricultural products
  

Option 2: Creating more middlemen
   

Option 3: Promoting direct farmer-consumer interactions

Option 4: Limiting the reach of agricultural products

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.

Question : Statement 1: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to youth for employability.

Statement 2: It supports startups and promotes entrepreneurship.

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.

Question : Why is entrepreneurship development important?

Option 1: It promotes economic growth and development
 

Option 2: It provides job opportunities
   

Option 3: It fosters innovation and creativity

Option 4: All of the above

Question : Which scheme aims to encourage entrepreneurship in rural areas of India?

Option 1: Atal Innovation Mission
 

Option 2: MUDRA Yojana
 

Option 3: National Manufacturing Competitiveness Program

Option 4: Pradhan Mantri Rojgar Protsahan Yojana

Question : "Udyam Abhilasha" is a national-level entrepreneurship awareness campaign launched by which among the following in 2018?

Option 1: The National Bank for Agriculture and Rural Development

Option 2: UCO Bank

Option 3: Arunachal Pradesh Rural Bank

Option 4: Small Industries Development Bank of India

Question : Case Study 10: Entrepreneurship and Economic Growth

A group of young graduates decided to start a tech startup. They developed an innovative mobile application that connects farmers directly to consumers, eliminating the need for middlemen. This resulted in better prices for farmers and affordable produce for consumers.

Question:

How does the tech startup's mobile application benefit farmers?

Option 1: By increasing the involvement of middlemen
  

Option 2: By providing affordable produce for consumers
 

Option 3: By reducing their profit margins

Option 4: By hiring more employees

Question : Case Study 7: Impact of Entrepreneurship on Employment

Ms. Patel, a successful entrepreneur, founded a chain of boutique hotels in various tourist destinations across the country. Her hotels have not only attracted tourists but also provided job opportunities to the local community.

Question:

Ms. Patel's role as an entrepreneur has contributed to:

Option 1: Decreased tourist attractions
 

Option 2: Increased pollution in tourist destinations
   

Option 3: Economic development and employment generation

Option 4: Decline in the hospitality industry

Question : Statement 1:The entrepreneurs are born rather than made.
Statement 2: Entrepreneurship is systematic step by step and purposeful activity.

 

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.

Question : The National Rural Livelihoods Mission (NRLM) in India focuses on:

Option 1: Enhancing agricultural productivity.

Option 2: Providing social security benefits to workers.

Option 3: Promoting self-employment and entrepreneurship in rural areas.

Option 4: Supporting small and medium enterprises (SMEs).