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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.
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?
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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.
• 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.
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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?
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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?.
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?.
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