Startup Grants and Seed Funding Quiz
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Questions and Answers

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'?

    <p>Exploring the potential of e-commerce in enhancing MSMEs' growth</p> Signup and view all the answers

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

    <p>Businesses with limited employees and moderate revenue</p> Signup and view all the answers

    What aspect is a key characteristic of the purple economy?

    <p>Promoting sustainable development through cultural potential</p> Signup and view all the answers

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

    <p>Rs. 5 crores</p> Signup and view all the answers

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

    <p>Rs. 20 lakhs</p> 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?

    <p>3,600</p> Signup and view all the answers

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

    <p>All of the above</p> 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?

    <p>Invest India</p> Signup and view all the answers

    What is the Gini coefficient used to measure?

    <p>Both A and B</p> Signup and view all the answers

    What is deflation?

    <p>An economic phenomenon characterized by a sustained decrease in the general price level of goods and services within an economy.</p> Signup and view all the answers

    How does deflation impact a country's economy?

    <p>Leads to job cuts, hiring freezes, and discounts by businesses.</p> Signup and view all the answers

    What is the creative economy's main focus?

    <p>The intersection of culture, creativity, and commerce.</p> Signup and view all the answers

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

    <p>Measuring wholesale prices of goods.</p> Signup and view all the answers

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

    <p>Crackdown on polluting industries.</p> Signup and view all the answers

    How does deflation differ from inflation?

    <p>Deflation is characterized by a decrease in prices, while inflation is an increase in prices over time.</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

    Which of the following statements about PACS is NOT true?

    <p>PACS require extensive paperwork, making it difficult for farmers to access credit in a timely manner</p> Signup and view all the answers

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

    <p>Working directly with rural residents, encouraging savings, and extending credit with minimal paperwork</p> Signup and view all the answers

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

    <p>13 crore</p> Signup and view all the answers

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

    <p>It is a simplified credit card scheme facilitated through PACS to provide short-term credit for crop cultivation and allied activities</p> Signup and view all the answers

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

    <p>PACS are integral to the country's three-tier short-term cooperative credit system</p> Signup and view all the answers

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

    <p>To allow the adjudicating authority to select IPs from the list for various insolvency cases.</p> Signup and view all the answers

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

    <p>Previously, the IBBI could only recommend IPs after receiving a reference from the NCLT for CIRP cases.</p> Signup and view all the answers

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

    <p>It is a widely accepted legal framework to address cross-border insolvency issues and facilitate cooperation among different jurisdictions.</p> Signup and view all the answers

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

    <p>To facilitate coordination and cooperation among different courts and stakeholders in resolving insolvency cases involving multiple countries.</p> 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?

    <p>The information provided does not give a reason for India halting its plan regarding cross-border insolvency.</p> 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?

    <p>The NCLT provides references to the IBBI for the appointment of insolvency professionals in CIRP cases.</p> Signup and view all the answers

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