Topic Details (Notes format)

Startup Ecosystem and Entrepreneurship

Subject: Economics

Book: Comprehensive Indian Economy

India’s burgeoning startup culture is driven by youth entrepreneurship, government incentives (Startup India), and venture capital inflows. Focus areas include fintech, edtech, agritech, and biotech. Simplified compliance, tax breaks, and “fund of funds” aim to reduce entry barriers. Despite success stories, challenges remain in scaling ventures, patent backlogs, and skill mismatches. Understanding how accelerator programs, seed funding, and incubators foster innovation is vital for exam answers. Also examine policies enabling foreign investment, potential bubble concerns, and steps to integrate startups with traditional industries for job creation.

Practice Questions

What is the meaning of "fiscal deficit"?

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Which of the following is an example of fiscal policy?

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What does “Laissez-faire” policy advocate?

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Which is the largest source of tax revenue for the Government of India?

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What is “open market operations” (OMO)?

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What is the main objective of disinvestment in public sector undertakings (PSUs)?

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Which of the following is an example of a capital receipt for the government?

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What does “inclusive banking” mean?

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Which of the following is a direct tax?

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Which of the following is a feature of a command economy?

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