UPSC Exam > UPSC Questions > With reference to the National Startup Adviso...
Start Learning for Free
With reference to the National Startup Advisory Council (NSAC), consider the following statements:
1. It is an initiative of Union Ministry of Finance.
2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
With reference to the National Startup Advisory Council (NSAC), consid...
Explanation:
The correct answer is option 'B' i.e., statement 2 only is correct.
Statement 1: It is an initiative of Union Ministry of Finance.
This statement is incorrect. The National Startup Advisory Council (NSAC) is not an initiative of the Union Ministry of Finance. It is actually an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), which operates under the Ministry of Commerce and Industry. The DPIIT is responsible for formulating and implementing policies and measures to promote and develop the startup ecosystem in the country.
Statement 2: It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
This statement is correct. The National Startup Advisory Council (NSAC) was formed with the aim of advising the Government on the measures needed to build a strong ecosystem for nurturing innovation and startups in the country. The council aims to provide recommendations on policy matters, initiatives, and interventions required for the development of the startup ecosystem. It focuses on driving sustainable economic growth and generating large-scale employment opportunities through startups.
Conclusion:
In conclusion, statement 1 is incorrect as the National Startup Advisory Council (NSAC) is not an initiative of the Union Ministry of Finance. Statement 2 is correct as the NSAC aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities. Therefore, the correct answer is option 'B'.
The correct answer is option 'B' i.e., statement 2 only is correct.
Statement 1: It is an initiative of Union Ministry of Finance.
This statement is incorrect. The National Startup Advisory Council (NSAC) is not an initiative of the Union Ministry of Finance. It is actually an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), which operates under the Ministry of Commerce and Industry. The DPIIT is responsible for formulating and implementing policies and measures to promote and develop the startup ecosystem in the country.
Statement 2: It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
This statement is correct. The National Startup Advisory Council (NSAC) was formed with the aim of advising the Government on the measures needed to build a strong ecosystem for nurturing innovation and startups in the country. The council aims to provide recommendations on policy matters, initiatives, and interventions required for the development of the startup ecosystem. It focuses on driving sustainable economic growth and generating large-scale employment opportunities through startups.
Conclusion:
In conclusion, statement 1 is incorrect as the National Startup Advisory Council (NSAC) is not an initiative of the Union Ministry of Finance. Statement 2 is correct as the NSAC aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities. Therefore, the correct answer is option 'B'.
Free Test
FREE
| Start Free Test |
Community Answer
With reference to the National Startup Advisory Council (NSAC), consid...
Minister of Commerce & Industry Piyush Goyal chaired the first meeting of National Startup Advisory Council (NSAC).
- Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.
- Besides the ex-officio members, the council has a number of non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, persons capable of representing interests of incubators and accelerators, representatives of associations of stakeholders of startups and representatives of industry associations.
Hence only statement 2 is correct.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup