With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics andamp; Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

UPSC Exam > UPSC Questions > With reference to the Electronics Development...

Join the Discussion on the App

With reference to the 'Electronics Development Fund', which of the following statements is/are correct?
1. It is set up as a 'Fund of Funds' to enable the creation of an ecosystem of innovation, research, and development.
2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.
Select the correct answer using the code given below.

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'A'. Can you explain this answer?

FREE This question is part of

Practice Test: Full Length - 6

Attempt Test

Attempt this Test

Verified Answer

With reference to the Electronics Development Fund, which of the follo...

• As part of the “Digital India” agenda of the Government, it is envisaged to develop the Electronics System Design and Manufacturing (ESDM) sector to achieve “Net Zero Imports” by 2020.
• Electronic Development Fund (EDF) was set up to enable creating a vibrant ecosystem of innovation, research and development.
• EDF was set up as a “Fund of Funds” to participate in professionally managed “Daughter Funds” which in turn will provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and Information Technology (IT). Hence statement 1 is correct.
• The EDF also helps attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas. It helps create a battery of Daughter funds and Fund Managers who will be seeking good start-ups (potential winners) and selecting them based on professional considerations.
• CANBANK Venture Capital Funds Ltd. is the Fund Manager for EDF. The role of the Fund Manager of EDF is to consider requests from applicant Venture Funds, Angel Funds and Seed Funds and make recommendations to the Department of Electronics and IT, Government of India. Hence statement 2 is not correct.

View all questions of this test

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for UPSC exam

Similar UPSC Doubts

Consider the following statements with reference to the Innovations for Defence Excellence (Idex):1. It aims tocultivate an innovation ecosystemin the aerospace sector in collaboration with startups.2. It is fundedand managed by the Defence Innovation Organization.Which of the statements given above is/are correct?

View answer

Consider the following statements with reference to the Innovations for Defence Excellence (iDEX):1. It is the flagship initiative of the Union Ministry of Defence.2. It aims toachieve self-reliance and foster innovationand technology developmentin Defence and Aerospace.3. It will befunded and managed by a Defence Innovation Organization.How many of the above statements are correct?

View answer

With reference to the Indian Railway Innovation Policy - “StartUps for Railways”, consider the following statements:1. Grant up to Rs. 1.5 Crore to innovator on equal sharing basis with provision of milestone-wise payment.2. Complete process from floating of problem statement to development of prototype is online with defined time line to make it transparent and objective.Which of the statements given above is/are correct?

View answer

Consider the following statements regarding iDEX (Innovations for Defence Excellenc e): It is the flagship initiative of the Ministry of Defence (MoD) to achieve self-reliance and technological development in the Defence and Aerospace sector. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO).Which of the statements given above is/are correct?

View answer

Consider the following statements regarding the Software Technology Parks of India:1. It is an autonomous organization under the Union Ministry of Electronics and Information Technology.2. It aims to promote micro, small and medium entrepreneurs in the field of IT/IT Enabled Services.Which of the statements given above is/are correct?

View answer

Top Courses for UPSCView all

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Lucent for GK

History for UPSC CSE

Indian Polity for UPSC CSE

CSAT Preparation

Top Courses for UPSC

View all

With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Electronics Development Fund, which of the following statements is/are correct?1.It is set up as a Fund of Funds to enable the creation of an ecosystem of innovation, research, and development.2. It is managed by an autonomous body of the Ministry of Electronics & Information Technology.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.

Explore Courses for UPSC exam