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

Which of the following measures can reduce a trade deficit?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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Which of the following statements best defines Gross Domestic Product (GDP)?

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What is the meaning of “dumping” in international trade?

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What is the meaning of “disguised unemployment”?

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Which of the following is NOT an example of an indirect tax?

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What does the Gini Coefficient measure?

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What is meant by the term “current account deficit”?

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What does “Laissez-faire” policy advocate?

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What is the main purpose of monetary policy?

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