MCQ
Startup Ecosystem MCQ - Practice Questions with Answers
Solve 83 Startup Ecosystem questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements: 1. Startup India Portal is an online platform for startups and entrepreneurs. 2. The portal is meant only for tax-return filing by recognised startups. 3. The portal connects stakeholders such as startups, investors and incubators on a single platform. Which of the statements given above are correct?
Statement 1 is true: the official page calls the portal an online platform for startups and entrepreneurs. Statement 2 is false: the cited role is networking, resources and collaboration, not only tax filing. Statement 3 is true because the portal connects startups, investors and incubators on one platform.
Q21. Section 80-IAC allows the eligible startup to choose any three consecutive assessment years out of ten years from incorporation for the profit-linked tax rebate. 2. A startup applying under Section 80-IAC must be recognised by DPIIT. 3. Section 80-IAC eligibility extends to startups incorporated before 1 April 2016 if they later obtain DPIIT recognition. 4. Section 80-IAC eligibility requires an Inter-Ministerial Board certificate. Which of the statements given above are correct?
Statements 1, 2 and 4 are correct. Statement 3 is incorrect because incorporation after 1 April 2016 is a condition; later recognition does not erase the date condition.
Q3Consider the following statements about procurement, intellectual property and exit benefits linked to Startup India: 1. The Startup India intellectual-property benefit provides an 80 per cent rebate in patent filing fees. 2. Under the IPR facilitation mechanism, the government bears the entire fees of facilitators for trademarks or patents. 3. Fast-track startup firms can wind up operations within 90 days, compared with 180 days for other companies. 4. Exemption from earnest money deposit is available to all firms, irrespective of DPIIT startup recognition. Which of the statements given above are correct?
Statements 1, 2 and 3 are correct as per PIB's Startup India summary. Statement 4 is false because the public-procurement exemptions are framed for startups, including exemption from earnest money deposit, not all firms irrespective of recognition.
Q4With reference to intellectual property support for DPIIT-recognised startups in DPIIT's Annual Report 2024-25, consider the following statements: 1. The SIPP scheme facilitates startups to file applications for patents, designs and trademarks through registered facilitators. 2. The Government bears the entire fees of facilitators under the SIPP scheme. 3. Startups receive a 50% rebate in patent filing and an 80% rebate in trademark filing vis-a-vis other companies. Which of the statements given above are correct?
Statements 1 and 2 are correct: SIPP uses registered facilitators and the Government bears facilitator fees. Statement 3 reverses the rebates; the report states 80% for patent filing and 50% for trademark filing.
Q5With reference to the provided corpus fact on Startup India Fund of Funds 2.0, consider the following statements: 1. SIDBI was named as the initial implementation agency for Startup India Fund of Funds 2.0. 2. RBI was identified in the release as the implementation agency for this fund. 3. NITI Aayog was identified in the release as the implementation agency for this fund. Which of the statements given above are correct?
Statement 1 is correct: the corpus fact says SIDBI was named as the initial implementation agency. Statements 2 and 3 are false because the same corpus fact says RBI and NITI Aayog are not identified in the release as implementation agencies for this fund.
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6Consider the following statements about benefits available to DPIIT-recognised startups: 1. Startup recognition provides only income-tax benefits and does not mention self-certification, IPR or procurement benefits. 2. Recognised startups can get an opportunity to list products on Government e-Marketplace. 3. Public procurement norms allow relaxation from prior experience, prior turnover and earnest money deposit requirements. 4. The procurement relaxations mentioned in the Startup India summary are unrelated to DPIIT recognition. Which of the statements given above are correct?
7Consider the following statements about Atal Innovation Mission in the Startup India Action Plan: 1. Promotion of entrepreneurship through self-employment and talent utilisation was one core function of Atal Innovation Mission. 2. Innovation promotion through a platform for generating world-class innovation hubs and grand challenges was another core function. 3. The plan proposed setting up 500 tinkering labs under Atal Innovation Mission. 4. Funding for incubators under Atal Innovation Mission was to be provided by the Reserve Bank of India. Which of the statements given above are correct?
8Consider the following statements: 1. SIDBI was named as the initial implementation agency for Startup India Fund of Funds 2.0. 2. RBI was named as the initial implementation agency for Startup India Fund of Funds 2.0. 3. The Startup India Fund of Funds 2.0 implementation agency is linked with structured selection and monitoring. Which of the statements given above are correct?
9Consider the following statements: 1. Startup India was launched on 16 January 2016 as a flagship Government of India initiative. 2. The initiative aims to build an ecosystem for innovation and entrepreneurship in India. 3. The Startup India Action Plan was launched only for biotechnology startups. Which of the statements given above are correct?
10Consider the following statements about governance and implementation of Fund of Funds 2.0: 1. A Venture Capital Investment Committee screens and recommends eligible alternative investment funds. 2. An Empowered Committee monitors the scheme's implementation. 3. SIDBI was named as the only permanent implementation agency for all stages, with no scope for any other domestic agency. 4. The fund contributes to the corpus of SEBI-registered alternative investment funds, which in turn invest in startups. Which of the statements given above are correct?
11With reference to the Fund of Funds for Startups, consider the following statements: 1. The Government of India formed a fund of INR 10,000 crore for startup funding support. 2. The Fund of Funds invests directly in startups. 3. SIDBI has been given the mandate of managing the Fund of Funds through selection of daughter funds. Which of the statements given above are correct?
12Consider the following statements: 1. A Startup India recognition applicant may be incorporated as a private limited company. 2. A recognised startup may also be a registered partnership firm, limited liability partnership or cooperative society. 3. An entity formed by splitting up or reconstructing an existing business is not considered a startup. Which of the statements given above are correct?
13With reference to disbursement under the Startup India Seed Fund Scheme guidelines, consider the following statements: 1. Up to Rs. 20 lakhs may be given as a grant for validation of proof of concept, prototype development or product trials. 2. Up to Rs. 50 lakhs may be given for market entry, commercialization or scaling up through convertible debentures, debt or debt-linked instruments. 3. Seed fund may be used by startups for creation of any facilities if the incubator permits it. Which of the statements given above are correct?
14Consider the following statements about the first Startup India Fund of Funds: 1. The Government of India established FFS with a corpus of Rs. 10,000 crore, with DPIIT as monitoring agency and SIDBI as operating agency. 2. As of 31 January 2021, SIDBI had committed Rs. 4,376.95 crore to 62 SEBI-registered AIFs, and Rs. 5,089.55 crore had been invested into 391 startups. 3. DPIIT makes direct fund allocations to States and Union Territories under the Startup India initiative. 4. The FFS model bypasses SEBI-registered venture funds and sends grants directly from Government to startups. Which of the statements given above are correct?
15Consider the following statements about newer ecosystem platforms connected with Startup India: 1. MAARG is a national mentorship platform by Startup India. 2. MAARG stands for Mentorship, Advisory, Assistance, Resilience and Growth. 3. BHASKAR is envisaged as a one-stop digital platform where diverse startup ecosystem stakeholders can connect, collaborate and catalyse growth. 4. The Startup India Investor Connect platform was co-developed by DPIIT and the Reserve Bank of India. Which of the statements given above are correct?