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Which of the following statements are correct with reference to National Startup Awards 2023?
  1. It is implemented by the Department for Promotion of Industry and Internal Trade (DPIIT).
  2. It rewards outstanding startups and enablers in the ecosystem building innovative products.
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 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements are correct with reference to Nation...
The correct answer is option 'C' - Both 1 and 2.

Explanation:

The National Startup Awards 2023 is an initiative implemented by the Department for Promotion of Industry and Internal Trade (DPIIT). It aims to recognize and reward outstanding startups and enablers in the ecosystem for their innovative products and contributions.

Let's break down the given statements and understand their accuracy:

1. It is implemented by the Department for Promotion of Industry and Internal Trade (DPIIT).
- This statement is correct. The National Startup Awards 2023 is indeed implemented by the DPIIT, which is a department under the Ministry of Commerce and Industry in India. The DPIIT is responsible for formulating and implementing policies and measures to promote industrial growth and entrepreneurship in the country.

2. It rewards outstanding startups and enablers in the ecosystem building innovative products.
- This statement is also correct. The National Startup Awards 2023 aims to recognize and reward startups that have shown exceptional growth, innovation, and impact. It focuses on startups that are building innovative products and services, and also acknowledges the enablers who have played a crucial role in supporting the startup ecosystem.

The National Startup Awards 2023 is a prestigious platform that encourages and promotes the startup culture in India. It provides recognition to startups and enablers for their efforts in driving innovation, job creation, and economic growth in the country. By rewarding outstanding startups and enablers, it aims to inspire other entrepreneurs and stakeholders to contribute to the growth of the startup ecosystem.

In conclusion, both statements are correct, and the correct answer is option 'C' - Both 1 and 2.
Free Test
Community Answer
Which of the following statements are correct with reference to Nation...
Recently, The Department for Promotion of Industry and Internal Trade (DPIIT) said it has extended the deadline for submission of applications for the National Startup Awards 2023 to June 15, 2023.
About National Startup Awards 2023:
  • The National Startup Awards 2023 awards will focus on celebrating innovation from across the country, in line with Vision India @2047.
  • DPIIT has invited applications across 20 different categories including aerospace, retail and emerging technologies etc.
  • Aim: To reward and recognise outstanding startups and enablers in the ecosystem building innovative products and demonstrating measurable social impact.
    AwardCash prize of Rs 10 lakh to one winning startup in each category.
  • The Winners and finalists will also be given exclusive government support, including investor and government connect, mentorship, international market access, and corporate and unicorn connect.
  • It was launched in 2020.
Hence both statements are correct.
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Which of the following statements are correct with reference to National Startup Awards 2023? It is implemented by the Department for Promotion of Industry and Internal Trade (DPIIT). It rewards outstanding startups and enablers in the ecosystem building innovative products.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 'C'. Can you explain this answer?
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