Startup Grants and Seed Funding Quiz

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What does the term 'Purple Economy' refer to?

An economic order focusing on the sustainability of caring labor (correct)
An economic approach that disregards women's unpaid labor
An economic system emphasizing industrial growth
An economic model that prioritizes profits over social welfare

Which of the following is NOT an aim of the purple economy?

Organizing the system around the sustainability of caring labor
Addressing inequalities in unpaid and underpaid labor
Promoting the cultural potential of goods and services
Enhancing industrial production (correct)

Which sector is NOT mentioned as an example of the purple economy?

Tourism
Agriculture (correct)
Digital
Luxury goods

What is the focus of the report titled 'Annual Survey of Micro, Small, and Medium Enterprises (MSMEs) In India'?

Exploring the potential of e-commerce in enhancing MSMEs' growth (D) Signup and view all the answers

What defines Micro, Small, and Medium Enterprises [MSMEs]?

Businesses with limited employees and moderate revenue (D) Signup and view all the answers

What aspect is a key characteristic of the purple economy?

Promoting sustainable development through cultural potential (D) Signup and view all the answers

What is the maximum grant provided to eligible incubators under the scheme mentioned in the text?

Rs. 5 crores (A) Signup and view all the answers

What is the maximum grant that incubators can provide to startups under the scheme?

Rs. 20 lakhs (B) Signup and view all the answers

What is the estimated number of entrepreneurs who will benefit from the scheme through incubators in the next 4 years?

3,600 (B) Signup and view all the answers

Which of the following is the primary purpose of seed funding for startups?

All of the above (D) Signup and view all the answers

What is the name of the non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India?

Invest India (D) Signup and view all the answers

What is the Gini coefficient used to measure?

Both A and B (C) Signup and view all the answers

What is deflation?

An economic phenomenon characterized by a sustained decrease in the general price level of goods and services within an economy. (A) Signup and view all the answers

How does deflation impact a country's economy?

Leads to job cuts, hiring freezes, and discounts by businesses. (C) Signup and view all the answers

What is the creative economy's main focus?

The intersection of culture, creativity, and commerce. (B) Signup and view all the answers

What is the Product Price Index (PPI) used for?

Measuring wholesale prices of goods. (D) Signup and view all the answers

What are some reasons for deflation in China as mentioned in the text?

Crackdown on polluting industries. (A) Signup and view all the answers

How does deflation differ from inflation?

Deflation is characterized by a decrease in prices, while inflation is an increase in prices over time. (C) Signup and view all the answers

What is the primary purpose of the guidelines mentioned in the text?

All of the above (D) Signup and view all the answers

Which of the following statements about PACS is NOT true?

PACS require extensive paperwork, making it difficult for farmers to access credit in a timely manner (D) Signup and view all the answers

What is the primary role of PACS in rural and agricultural development in India?

Working directly with rural residents, encouraging savings, and extending credit with minimal paperwork (B) Signup and view all the answers

How many farmers are members of PACS in India, according to the text?

13 crore (D) Signup and view all the answers

Which of the following statements accurately describes the Kisan Credit Card (KCC) scheme?

It is a simplified credit card scheme facilitated through PACS to provide short-term credit for crop cultivation and allied activities (C) Signup and view all the answers

What is the significance of PACS in India's cooperative credit system?

PACS are integral to the country's three-tier short-term cooperative credit system (D) Signup and view all the answers

What is the primary purpose of IBBI creating a 'common panel' of insolvency professionals?

To allow the adjudicating authority to select IPs from the list for various insolvency cases. (D) Signup and view all the answers

How does the 'common panel' approach differ from the previous process of appointing IPs?

Previously, the IBBI could only recommend IPs after receiving a reference from the NCLT for CIRP cases. (A) Signup and view all the answers

What is the significance of the UNCITRAL Model Law on Cross-Border Insolvency, 1997?

It is a widely accepted legal framework to address cross-border insolvency issues and facilitate cooperation among different jurisdictions. (A) Signup and view all the answers

What is the purpose of cross-border insolvency laws or frameworks?

To facilitate coordination and cooperation among different courts and stakeholders in resolving insolvency cases involving multiple countries. (A) Signup and view all the answers

What is the most likely reason for India halting its plan regarding cross-border insolvency, based on the information provided?

The information provided does not give a reason for India halting its plan regarding cross-border insolvency. (B) Signup and view all the answers

What is the role of the National Company Law Tribunal (NCLT) in the appointment of insolvency professionals, according to the information provided?

The NCLT provides references to the IBBI for the appointment of insolvency professionals in CIRP cases. (D) Signup and view all the answers