Consider the following statements about the Indian Institute of Entrepreneurship (IIE) : 1. The IIE was established in 1999 in Guwahati. 2. The main aim of the institute is to provide training, research and consulting activities for small and micro enterprises. Which of the statements given above is/are correct ?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
Correct answer
Explanation
The correct answer is B, 2 only. The Indian Institute of Entrepreneurship in Guwahati was set up in 1993, not 1999, while its stated aim is indeed training, research and consultancy for small and micro enterprises.
IIE was established in 1993 by the then Ministry of Industry as an autonomous national institute, and it now functions under the Ministry of Skill Development and Entrepreneurship. Its focus is the North-Eastern region: it runs entrepreneurship development programmes, trains trainers and new entrepreneurs, studies small-enterprise problems and advises governments and agencies on promoting self-employment.
Option A is wrong because statement 1 gives the wrong year of establishment. Option C is wrong because only statement 2 is correct. Option D is wrong because statement 2 correctly describes the institute's main purpose.
Exam tip: IIE Guwahati, 1993, now under the Skill Development Ministry; NIESBUD (NOIDA) is the other national entrepreneurship institute under the same ministry.
Practice Questions
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- B.2 only
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