Startup India Campaign: Objectives and Achievements

Description: This quiz is designed to assess your knowledge about the Startup India Campaign, a flagship initiative of the Government of India launched in 2016 to promote entrepreneurship and innovation in the country.
Number of Questions: 14
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Tags: startup india entrepreneurship innovation economic policy
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What is the primary objective of the Startup India Campaign?

  1. To provide financial assistance to startups

  2. To simplify the regulatory framework for startups

  3. To promote entrepreneurship and innovation

  4. To create employment opportunities


Correct Option: C
Explanation:

The Startup India Campaign aims to foster a conducive environment for startups to thrive and contribute to the economic growth of the country.

Which of the following is NOT a key feature of the Startup India Campaign?

  1. Self-certification of compliance

  2. Tax exemption for startups

  3. Access to funding

  4. Relaxation of labor laws


Correct Option: D
Explanation:

The Startup India Campaign does not include relaxation of labor laws as a key feature.

What is the minimum paid-up capital required for a company to be eligible for Startup India benefits?

  1. Rs. 1 lakh

  2. Rs. 10 lakhs

  3. Rs. 25 lakhs

  4. Rs. 50 lakhs


Correct Option: A
Explanation:

Companies with a paid-up capital of up to Rs. 1 lakh are eligible for Startup India benefits.

For how many years can a startup avail tax exemption under the Startup India Campaign?

  1. 3 years

  2. 5 years

  3. 7 years

  4. 10 years


Correct Option: A
Explanation:

Startups are eligible for tax exemption for a period of 3 years from the date of incorporation.

Which government agency is responsible for implementing the Startup India Campaign?

  1. Ministry of Commerce and Industry

  2. Ministry of Finance

  3. Ministry of Small and Medium Enterprises

  4. Department of Industrial Policy and Promotion


Correct Option: D
Explanation:

The Department of Industrial Policy and Promotion (DIPP) is the nodal agency responsible for implementing the Startup India Campaign.

What is the name of the online portal launched by the government to facilitate registration and compliance for startups?

  1. Startup India Hub

  2. Startup India Portal

  3. Startup India Online

  4. Startup India Registration


Correct Option: B
Explanation:

The Startup India Portal is the online platform where startups can register and comply with various regulatory requirements.

Which of the following is NOT a benefit offered to startups under the Startup India Campaign?

  1. Access to funding

  2. Mentorship and incubation support

  3. Tax exemption

  4. Relaxation of foreign direct investment (FDI) norms


Correct Option: D
Explanation:

Relaxation of FDI norms is not a benefit offered to startups under the Startup India Campaign.

What is the name of the fund set up by the government to provide financial assistance to startups?

  1. Startup India Fund

  2. Startup India Capital Fund

  3. Startup India Venture Fund

  4. Startup India Seed Fund


Correct Option: D
Explanation:

The Startup India Seed Fund is the government-backed fund that provides financial assistance to startups in their early stages.

Which of the following is NOT a criterion for a startup to be eligible for Startup India benefits?

  1. The startup must be registered as a private limited company or a limited liability partnership

  2. The startup must have a turnover of less than Rs. 100 crores

  3. The startup must be incorporated within the last 10 years

  4. The startup must have a unique and innovative business idea


Correct Option: B
Explanation:

There is no turnover limit for startups to be eligible for Startup India benefits.

What is the name of the initiative launched by the government to promote innovation and entrepreneurship among students?

  1. Startup India Student Entrepreneurship Program

  2. Startup India Young Entrepreneurship Program

  3. Startup India Campus Entrepreneurship Program

  4. Startup India Youth Entrepreneurship Program


Correct Option: A
Explanation:

The Startup India Student Entrepreneurship Program aims to encourage students to pursue entrepreneurship and innovation.

Which of the following is NOT a benefit offered to startups under the Startup India Campaign?

  1. Access to co-working spaces

  2. Mentorship and incubation support

  3. Relaxation of labor laws

  4. Access to government tenders


Correct Option: C
Explanation:

Relaxation of labor laws is not a benefit offered to startups under the Startup India Campaign.

What is the name of the initiative launched by the government to provide mentorship and support to startups?

  1. Startup India Mentorship Program

  2. Startup India Support Program

  3. Startup India Incubation Program

  4. Startup India Acceleration Program


Correct Option: A
Explanation:

The Startup India Mentorship Program connects startups with experienced entrepreneurs and industry experts for guidance and support.

Which of the following is NOT a key challenge faced by startups in India?

  1. Lack of access to funding

  2. Complex regulatory framework

  3. Lack of mentorship and support

  4. High cost of doing business


Correct Option: D
Explanation:

High cost of doing business is not a key challenge faced by startups in India.

What is the name of the initiative launched by the government to promote entrepreneurship and innovation in rural areas?

  1. Startup India Rural Entrepreneurship Program

  2. Startup India Village Entrepreneurship Program

  3. Startup India Grassroots Entrepreneurship Program

  4. Startup India Community Entrepreneurship Program


Correct Option: A
Explanation:

The Startup India Rural Entrepreneurship Program aims to promote entrepreneurship and innovation in rural areas of the country.

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