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Read the passage and answer the questions that follow.
There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.
Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.
Q. According to the passage, which of the following options is correct in context to the startups of India?
I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.
II) In the race of the startups in the world, India stands at rank third in Asia.
III) India has become a hub of startups in the world after the US and China.
  • a)
    Only (a)
  • b)
    Only (b)
  • c)
    Only (c)
  • d)
    Both (a) and (b)
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Read the passage and answer the questions that follow.There has been,...
(b) - this option is incorrect. India got 3rd rank in the world not in Asia (Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world)
(c) - this option is out of context. Ranking of the other countries is not mentioned in the passage
(a) - it is mentioned in the passage. At present the unicorns are – 94 (By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94)
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Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage and answer the questions that follow.There has been, in recent times, a concerted effort by the Government of India to promote the growth of start-up ventures. This, it says, would serve the purpose of creating private sector employment and contribute to economic growth. Young and educated men and women would take the opportunity of using the latest technologies to offer new goods and services. With attractive market potential, funds to scale up the venture would not be too difficult to obtain. Indeed, according to GoI sources, India now has the third largest start-up ecosystem in the world. The Startup India portal had 65,000 registered entities. By March 2022, the number of unicorns — start-ups having valuation over one billion US dollars — was 94. The last 42 of those joined the club during 2021-22. However, apparent weaknesses of this ecosystem are distinctly visible. The start-ups are overwhelmingly clustered in the three mega cities of Delhi-NCR, Mumbai and Bengaluru. The clusters are non-inclusive in other ways too. Marginalized communities are hardly represented; the paucity of women entrepreneurs is also markedly visible. The matching of ideas, funds, experience and overall mentoring has not been systematic. Many ideas have not fructified into commercially viable businesses because of the lack of complementary resources.Analysts of the start-up environment in India are now worried that the approaching recessionary headwinds will lead to start-ups facing a ‘long, bitter winter’. Lay-offs have already begun, and according to a report around 10,000 people have lost their jobs this year. More is expected to follow later in the year. Start-ups are not always about high-technology and bright new ideas. The majority of people who seek a subsistence livelihood are also entrepreneurs in the sense they organize some production, are self-employed, and sell in a market to earn income. Ideally, the start-up count should take all these people into account. If that is done, then the damage from macroeconomic fluctuations would be far worse. (The past two years of the pandemic (A) have seen many people (B) lose his traditional livelihoods, forcing them (C) to search for new avenues of subsistence (D) no error (E)). It is evident that the count of successful start-ups, though something to be proud of, is certainly not an accurate indicator of new opportunities in economic growth and gainful employment. Policy strategies need to be revised based on more inclusive, down to earth, and careful thinking. The predicted economic turbulence would be a good time to go back to the policy drawing-board.Q. According to the passage, which of the following options is correct in context to the startups of India?I) The startups that have reached a value of 1 billion US dollar are known as Unicorns, which are at present less than 100.II) In the race of the startups in the world, India stands at rank third in Asia.III) India has become a hub of startups in the world after the US and China.a)Only (a)b)Only (b)c)Only (c)d)Both (a) and (b)e)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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