Startup India Quiz

What is the objective of the Startup India initiative?

• To limit innovation and growth in India

• To promote and support entrepreneurship, innovation, and job creation in India

• To reduce job opportunities in India

• To discourage entrepreneurship in India

Who launched the Startup India campaign?

• Narendra Modi

• Sonia Gandhi

• Amit Shah

• Rahul Gandhi

What are the benefits provided to startups under the Startup India program?

• Free office space, unlimited vacation policy, guaranteed success

• Access to unicorn investors, lifetime supply of coffee, teleportation technology

• Exclusive access to government secrets, private island retreat, time travel capabilities

• Tax exemptions, self-certification compliance, funding support, and easier exit options

What is the role of SIDBI in supporting startups?

• SIDBI supports startups by providing financial assistance, credit facilities, and support services.

• SIDBI supports startups by offering free office space and equipment.

• SIDBI supports startups by organizing entertainment events and workshops.

• SIDBI supports startups by providing legal advice and marketing services.

Explain the 'Fund of Funds for Startups' scheme.

• The 'Fund of Funds for Startups' scheme is a government initiative where a fund is created to invest in other venture capital funds that in turn invest in startups.

• The 'Fund of Funds for Startups' scheme involves direct investment by the government in individual startups.

• The 'Fund of Funds for Startups' scheme is a private sector initiative to support established companies.

• The 'Fund of Funds for Startups' scheme focuses on providing loans to startups instead of equity investment.

What are the eligibility criteria for a company to be considered a startup?

• Limited customer base

• Low employee turnover

• Newly established business, innovative products/services, high growth potential, meeting revenue/funding thresholds

• Established for more than 10 years

How does the Startup India Seed Fund Scheme support early-stage startups?

• The Startup India Seed Fund Scheme supports early-stage startups by organizing networking events exclusively.

• The Startup India Seed Fund Scheme supports early-stage startups by offering free office space.

• The Startup India Seed Fund Scheme supports early-stage startups by providing financial assistance at various stages of their development.

• The Startup India Seed Fund Scheme supports early-stage startups by providing mentorship programs only.

Discuss the importance of innovation and entrepreneurship in the Startup India initiative.

• Innovation and entrepreneurship play a vital role in driving creativity, problem-solving, and economic growth within the Startup India initiative.

• Innovation and entrepreneurship are irrelevant in the Startup India initiative

• Innovation and entrepreneurship hinder progress in the Startup India initiative

• Innovation and entrepreneurship are only for established companies in the Startup India initiative

What are the key components of the Startup India Action Plan?

• simplification and handholding, funding support and incentives, industry-academia partnerships and incubation, sector-specific incubators

• outsourcing to foreign countries

• tax breaks and subsidies

• government regulations and restrictions