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Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Kindly read the passage carefully and answer the questions given below.The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination of suburban and rural entrepreneurs. Today, there are more than one lakh startups recognised by the government, with about half of them coming from Tier 2 and Tier 3 cities. It has created a sense of agency among India’s youth, and a sense of freedom of being able to determine their own destiny.The Startup movement is moving beyond the consumer Internet and e-commerce to genuine deep technology areas, such as space and remote sensing, artificial intelligence and robotics, biotech and pharma, electric vehicles, drones, defence, telecommunications, semiconductors, and many more. These real sectors go beyond digital marketplaces, seller discovery, and exchange of information, and impact many more sectors of the economy, which will bring deeper industrialisation in newer areas and more jobs. Deep tech entrepreneurship is also creating new avenues for science and technology (S&T) discoveries in the public sector labs to reach the market.The successes at IIT Madras’s Research Park, which has incubated over 200 deep tech companies cumulatively valued at over 50,000 crore including those in space and aviation; the C-CAMP, which has in its portfolio seven deep biotech startups that have raised more than 550 crores; and the National Chemical Laboratory’s Venture Centre support to file and commercialise high-quality patents, are some of the evidence of how science in public-funded institutions can reach citizens and consumers, through startups.The authors’ conversations with technology leaders in academia and industry have shown that faculty members find it easier to spin out their discoveries through startups founded by themselves or their alumni, instead of licensing or patent re-assignments. This evolution provides a unique opportunity for leveraging our deep historical investments in S&T in its public labs and institutions.In a way, it can be said that deep tech startups are the main route through which India is taking technology risks, a crucial element of any country’s process to build new capabilities. Traditional risk-taking sectors such as government departments and legacy corporates seem frozen in comparison, perhaps due to the intense scrutiny of risky initiatives by their respective stakeholders, voters and public markets investors. Many mission-driven programs of the government have not yielded the expected innovation results, other than a few bright spots in sectors such as space and defence. India’s industrial investment in research and development (R&D) is also lamentably low in most sectors other than pharma.The industry has mostly preferred investing in deep-tech startups and buying successful scaled technologies. This observation is corroborated by the number of deep tech startups being acquired by Indian legacy corporates, such as the Tatas buying Saankhya and Tejas Networks, Reliance acquiring Faradion and Hero Motors buying equity in Ather Motors etc.Q.What sparked the Great Indian Startup Boom of the past ten years, and what impact has it had on Indian entrepreneurship?a)The boom was particularly beneficial to business owners in metro areas and was sparked by foreign investments in Indian startups.b)The governments Startup India campaign, spearheaded by seasoned businesspeople, helped to spark the boom by giving young people in India a sense of agency and encouraging entrepreneurship even in suburban and rural areas.c)The boom had little impact on industries outside of online marketplaces because of the explosion in consumer Internet and e-commerce businesses.d)The governments Startup India initiative failed to foster an entrepreneurial environment in India because the majority of businesses were restricted to Tier 1 cities.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.