Software Development Exam  >  Software Development Questions  >  Consider the statements related to benefits a... Start Learning for Free
Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024:
1. 30% of fixed Capital Investment up to ₹30 crore
2. 20% of interest subvention up to ₹40 crore
3. 50% of subsidy on Land rental amount for 5 years
4. Annual reimbursement of 20% of Energy bill for 5 years
Which of the statements given above is/are correct? 
  • a)
    1 and 2
  • b)
    1 and 3
  • c)
    2 and 3
  • d)
    2 and 4
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the statements related to benefits announced for any IT indus...
The correct answer is Option 2.
Key Points
Bihar IT Policy 2024:
  • The aim of Bihar IT Policy 2024 is to promote the IT industry in Bihar.
  • Some of the Key features are:
    • Fixed Capital Subsidy: 30% of fixed Capital Investment up to ₹30 crore OR 10% of interest subvention up to 50% of Project cost or ₹40 crore. Hence, statement 1 is correct and statement 2 is incorrect.
    • Lease Rental Subsidy: 50%  subsidy on Land rental amount for 5 years. Hence, statement 3 is correct.
    • Power Tarif Subsidy: Annual reimbursement of 25% of Energy bill for 5 years. Hence, statement 4 is incorrect.
View all questions of this test
Most Upvoted Answer
Consider the statements related to benefits announced for any IT indus...
Understanding Bihar IT Policy 2024 Benefits
The Bihar IT Policy 2024 aims to encourage investment in the IT sector by offering various incentives. Here we evaluate the statements to identify which are correct.
1. 30% of Fixed Capital Investment up to ₹30 crore
This statement is correct. The policy provides a substantial incentive for fixed capital investments, encouraging companies to invest significantly in infrastructure and technology.
2. 20% of Interest Subvention up to ₹40 crore
This statement is also correct. The policy includes provisions for interest subvention, making it easier for IT companies to manage their financing costs and improve liquidity.
3. 50% of Subsidy on Land Rental Amount for 5 Years
This statement is incorrect. While the policy does provide incentives related to land, the specific percentage and duration may differ from what is stated. Therefore, this benefit does not align with the official provisions.
4. Annual Reimbursement of 20% of Energy Bill for 5 Years
This statement is incorrect. Although energy cost support is often part of IT policy incentives, the specific percentage and duration mentioned here are not part of the announced benefits under the Bihar IT Policy 2024.
Conclusion
Based on the evaluation:
- Statements 1 and 2 are correct.
- Statements 3 and 4 are not aligned with the official policy.
Therefore, the correct answer is option 'B': 1 and 2. This strategic support is aimed at fostering growth in the IT sector within Bihar, enhancing its economic landscape.
Explore Courses for Software Development exam

Top Courses for Software Development

Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Software Development. Download more important topics, notes, lectures and mock test series for Software Development Exam by signing up for free.
Here you can find the meaning of Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the statements related to benefits announced for any IT industry that invests in Bihar under Bihar IT Policy 2024: 1. 30% of fixed Capital Investment up to ₹30 crore 2. 20% of interest subvention up to ₹40 crore 3. 50% of subsidy on Land rental amount for 5 years 4. Annual reimbursement of 20% of Energy bill for 5 years Which of the statements given above is/are correct? a)1 and 2b)1 and 3c)2 and 3d)2 and 4Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Software Development tests.
Explore Courses for Software Development exam

Top Courses for Software Development

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev