Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.
Question:
The government's role in assisting the tech company demonstrates:
Option 1: Entrepreneurship discouragement
Option 2: Entrepreneurship development
Option 3: Import restrictions
Option 4: Reduction in government expenditure
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.
Question : The 1991 economic policy aimed to promote entrepreneurship and innovation through:
Option 1: Licensing and regulations
Option 2: Subsidies and tax incentives
Option 4: Monopoly control
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.
Statement 2: The Stand Up India scheme aims to promote entrepreneurship among women and SC/ST entrepreneurs.
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