Start-up India Scheme and Government Initiatives Quiz

Question 1

In which year was the Startup India scheme launched?

Accepted Answer

2016

Answer

2017

Answer

2015

Answer

2014

Question 2

What is the primary objective of the Startup India scheme?

Accepted Answer

To promote entrepreneurship and support startups

Answer

To provide support only to large companies

Answer

To prevent foreign investment

Answer

To benefit public sector companies

Question 3

Which sectors can benefit from startups under the Startup India scheme?

Accepted Answer

Various sectors like technology, agriculture, healthcare, etc.

Answer

Only retail trade

Answer

Only IT sector

Answer

Only manufacturing sector

Question 4

What financial assistance is provided to startups under the Startup India scheme?

Accepted Answer

Loans, interest subsidies and other financial benefits

Answer

Foreign exchange

Answer

Only free land

Answer

Only tax exemption

Question 5

Which entrepreneurs are given priority under the Startup India scheme?

Accepted Answer

Women, SC/ST and other disadvantaged entrepreneurs

Answer

Only male entrepreneurs

Answer

Only foreign entrepreneurs

Answer

Only wealthy entrepreneurs

Question 6

What is the duration of tax exemption under the Startup India scheme?

Accepted Answer

5 years

Answer

10 years

Answer

7 years

Answer

2 years

Question 7

What non-financial support is provided to startups under the Startup India scheme?

Accepted Answer

Mentoring, training, counseling, and networking

Answer

Only office space

Answer

Only land allocation

Answer

Only foreign connections

Question 8

Which documents are required under the Startup India scheme?

Accepted Answer

Business plan, registration certificate, etc.

Answer

Only bank statements

Answer

Only Aadhar card

Answer

Only PAN card

Question 9

Which ministry oversees the Startup India scheme?

Accepted Answer

Ministry of Commerce and Industry

Answer

Ministry of Agriculture

Answer

Ministry of Education

Answer

Ministry of Labour

Question 10

What is the time limit defined for startups in the Startup India scheme?

Accepted Answer

7 years

Answer

3 years

Answer

5 years

Answer

10 years

Start-up India Scheme and Government Initiatives

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