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With reference to the Global Entrepreneurship Monitor (GEM), consider the following statements:
1. It is an international project which seeks to provide information on the entrepreneurial landscape of countries.
2. It carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad.
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 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Global Entrepreneurship Monitor (GEM), consider ...
The Global Entrepreneurship Monitor (GEM) is an international project which seeks to provide information on the entrepreneurial landscape of countries.
  • GEM carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad.
  • As per Global Entrepreneurship Monitor (GEM) India Report (21-22), India’s entrepreneurial activity expanded in 2021, with its Total Entrepreneurial Activity rate(percentage of adults (aged 18–64) who are starting or running a new business) increased to 14.4% in 2021, up from 5.3% in 2020.
  • Further, Established Business Ownership rate (percentage of adults (aged 18–64) who are currently the owner-manager of an established business, i.e. owning and managing a business that has paid salaries, wages or any other payments to the owners, for more than 42 months)increased to 8.5%, from 5.9% in 2020.
Hence both statements are correct.
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Community Answer
With reference to the Global Entrepreneurship Monitor (GEM), consider ...
Explanation:

Global Entrepreneurship Monitor (GEM)
- GEM is an international project that aims to provide information on the entrepreneurial landscape of different countries.
- It conducts survey-based research on entrepreneurship and entrepreneurship ecosystems worldwide.

Correctness of Statements:
- Statement 1: It is an international project that seeks to provide information on the entrepreneurial landscape of countries, which is correct.
- Statement 2: It is not led by the Entrepreneurship Development Institute of India, Ahmedabad. The correct organization leading GEM is Babson College in the United States.
Therefore, both statements are correct as per the explanation provided.
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With reference to the Global Entrepreneurship Monitor (GEM), consider the following statements:1. It is an international project which seeks to provide information on the entrepreneurial landscape of countries.2. It carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad.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 'C'. Can you explain this answer?
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