Start-ups and Innovation Policy MCQ — 2 Practice Questions with Answers

Practice 2 Start-ups and Innovation Policy multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Economy

Q1. PRISM, one of four new initiatives launched by DSIR for deep-tech startups, stands for:

A Programme for Research and Innovation in Science and Manufacturing

B Promoting Reforms in Industrial Sector and Manufacturing

C Promoting Innovations in Individuals, Startups and MSMEs Correct

D Platform for Research, Investment and Scale-up of MSMEs

Explanation

PRISM stands for Promoting Innovations in Individuals, Startups and MSMEs. It is a network platform connecting innovators with mentors, investors, and industry partners under DSIR's deep-tech ecosystem initiative.

Q2. Which barrier did DSIR remove in January 2026 to make deep-tech startup recognition more accessible?

A Minimum revenue requirement of Rs 50 lakh

B Mandatory 3-year existence requirement Correct

C Need for ISO certification

D Minimum 10 employees requirement

Explanation

DSIR removed the mandatory 3-year existence requirement that prevented early-stage deep-tech startups from accessing recognition and support. Startups at any stage can now apply if they demonstrate genuine deep-tech activity.

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There are 2 Start-ups and Innovation Policy practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

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Start-ups and Innovation Policy falls under the Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

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Start-ups and Innovation Policy MCQ — 2 Practice Questions with Answers

Practice Questions

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Frequently Asked Questions

More Topics in Economy

Public Finance

Financial Sector

Capital Markets

International Trade

Monetary Policy

Renewable Energy

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Industrial Development

Energy & Petroleum

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Industrial Policy

Digital Economy

MSME and Public Finance

Energy Policy

Startup Ecosystem

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Labour and Migration

Fertiliser Subsidy and Agriculture Policy

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PSU Accountability

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