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
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.
Question : What is the role of entrepreneurship in human capital formation?
Option 1: It encourages brain drain.
Option 2: It promotes skill development.
Option 3: It reduces the need for education.
Option 4: It discourages innovation.
Question : 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.
Question : Statement 1: The Atal Innovation Mission supports women only 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.
Question : Statement 1: The Atal Innovation Mission supports entrepreneurs in the technology sector through funding and mentorship.
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