Which department recognises startups under the Startup India initiative?
- A.NITI Aayog
- B.Department for Promotion of Industry and Internal Trade
- C.Department of Economic Affairs
- D.Ministry of Micro, Small and Medium Enterprises
Correct answer
Explanation
The correct answer is the Department for Promotion of Industry and Internal Trade, which works under the Ministry of Commerce and Industry and has recognised 2,50,046 startups reporting over 25.42 lakh jobs. It also runs the Startup India Seed Fund Scheme, the Fund of Funds for Startups and the Credit Guarantee Scheme for Startups. NITI Aayog is wrong because it is the government policy think tank and does not issue startup recognition certificates. The Department of Economic Affairs, which sits in the Ministry of Finance, handles macroeconomic policy and external assistance rather than startup recognition, so that option is incorrect too. The Ministry of Micro, Small and Medium Enterprises is also wrong: it runs schemes for small enterprises such as credit and cluster programmes, but startup recognition, the Section 80-IAC eligibility certificate and the single-window clearance platform are the charge of the industry promotion department.
Read the full article: DPIIT Reforms: 2,50,046 Startups and USD 843 Billion FDI
Practice Questions
How much foreign direct investment did India receive between FY 2014-15 and FY 2025-26?
- A.USD 313 billion
- B.USD 500 billion
- C.USD 843 billion
- D.USD 1,020 billion
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India drew that much foreign direct investment over the twelve financial years from FY 2014-15 to FY 2025-26, which is 169 per cent more than in the twelve years before it.
Read the full explanation →How many central labour laws have been consolidated into the four Labour Codes?
- A.Nineteen
- B.Twenty-four
- C.Twenty-nine
- D.Thirty-four
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Twenty-nine central labour laws have been merged into four Labour Codes, and the exercise came with a set of threshold changes that are easy to ask about.
Read the full explanation →The products of The AABHAR Collection are drawn mainly from which two identification systems for distinctive regional goods?
- A.One District, One Product and Geographical Indication tags
- B.Agmark and Hallmark certification
- C.Startup India and Stand Up India registration
- D.Udyam registration and ISI marking
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The storefront was built around products associated with the ODOP initiative and goods carrying a GI tag, so that a government buyer looking for a gift also ends up supporting a recognised craft cluster.
Read the full explanation →Mrignayani and Poompuhar, two of the emporiums listed on the storefront, belong to which States respectively?
- A.Maharashtra and Karnataka
- B.Madhya Pradesh and Tamil Nadu
- C.Gujarat and Kerala
- D.Jharkhand and Odisha
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Among the ten emporiums whose catalogues make up the collection, Mrignayani is the emporium of Madhya Pradesh and Poompuhar that of Tamil Nadu.
Read the full explanation →How many product catalogue listings does The AABHAR Collection on the Government e-Marketplace carry?
- A.194 listings from 8 emporiums
- B.294 listings from 10 emporiums
- C.394 listings from 12 emporiums
- D.494 listings from 15 emporiums
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The storefront draws its catalogue from ten State and Central handloom and handicraft emporiums, among them COTTAGE of the Central Cottage Industries Emporium, KHADI INDIA of the Khadi and Village Industries Commission, Garvi Gurjari of Gujarat, Himcrafts of Himachal Pradesh, Jharcraft of Jharkhand, Cauvery of Karnataka, Mrignayani of Madhya Pradesh…
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