UPSC Exam > UPSC Questions > Consider the following statements:Statement-...
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Consider the following statements:
Statement-I:
India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.
Statement-II:
The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.
Which one of the following is correct in respect of the above statements?
India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.
Statement-II:
The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement-I:India's venture capital...
Statement-I correctly states that India's venture capital market experienced significant growth in 2024, reaching $13.7 billion due to regulatory reforms. This reflects the information provided in the text about the surge in VC funding in 2024.
Statement-II accurately mentions the growth potential of the Indian online gaming industry, valued at ₹33,000 crore in 2023 and projected to reach ₹66,000 crore by 2028. This aligns with the details provided in the text regarding the growth and challenges faced by the online gaming sector in India.
Therefore, both statements are correct, and Statement-II explains the growth potential and challenges faced by the Indian online gaming industry, which complements the information about the surge in venture capital funding in 2024.
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Community Answer
Consider the following statements:Statement-I:India's venture capital...
Understanding the Statements
To evaluate the correctness of the two statements, we need to analyze each one independently.
Statement-I Analysis
- India's venture capital market reportedly saw substantial growth in 2024, reaching total funding of $13.7 billion.
- This growth is attributed to regulatory reforms, which typically encourage investment and innovation within the startup ecosystem.
Statement-II Analysis
- The Indian online gaming industry was valued at ₹33,000 crore in 2023.
- It is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.5%, potentially reaching ₹66,000 crore by 2028.
- This indicates a strong growth trajectory for the online gaming sector, independent of the venture capital market.
Correctness of the Statements
- Both statements are correct: Statement-I accurately reflects the growth of venture capital in India, while Statement-II provides a valid projection for the online gaming industry.
- No direct link: Statement-II does not provide an explanation for Statement-I. The growth of the online gaming industry is a separate trend and does not directly influence the venture capital growth mentioned in Statement-I.
Conclusion
Thus, the correct option is:
- Option B: Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
This indicates that while both sectors are experiencing growth, they are not causally linked.
To evaluate the correctness of the two statements, we need to analyze each one independently.
Statement-I Analysis
- India's venture capital market reportedly saw substantial growth in 2024, reaching total funding of $13.7 billion.
- This growth is attributed to regulatory reforms, which typically encourage investment and innovation within the startup ecosystem.
Statement-II Analysis
- The Indian online gaming industry was valued at ₹33,000 crore in 2023.
- It is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.5%, potentially reaching ₹66,000 crore by 2028.
- This indicates a strong growth trajectory for the online gaming sector, independent of the venture capital market.
Correctness of the Statements
- Both statements are correct: Statement-I accurately reflects the growth of venture capital in India, while Statement-II provides a valid projection for the online gaming industry.
- No direct link: Statement-II does not provide an explanation for Statement-I. The growth of the online gaming industry is a separate trend and does not directly influence the venture capital growth mentioned in Statement-I.
Conclusion
Thus, the correct option is:
- Option B: Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
This indicates that while both sectors are experiencing growth, they are not causally linked.
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Question Description
Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?.
Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:India's venture capital market witnessed a substantial growth in 2024, with total funding reaching $13.7 billion, driven by regulatory reforms.Statement-II:The Indian online gaming industry, valued at ₹33,000 crore in 2023, is projected to grow at a CAGR of 14.5%, reaching ₹66,000 crore by 2028.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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