Which institution manages the Fund of Funds for Startups under the Startup India Action Plan?
- A.NABARD
- B.SIDBI
- C.Reserve Bank of India
- D.NITI Aayog
Correct answer
Explanation
The correct answer is SIDBI, the Small Industries Development Bank of India. The Fund of Funds for Startups is a DPIIT initiative under the Startup India Action Plan, is managed by SIDBI, and carries a corpus of 10,000 crore rupees that is routed through SEBI-registered Alternative Investment Funds rather than invested directly in startups. SIDBI has committed 12,623 crore rupees to 166 such funds, which in turn have invested 28,254 crore rupees in 1,475 startups. Option A, NABARD, is a development bank for agriculture and rural lending and has no role here. Option C, the Reserve Bank of India, is the central bank and regulator and does not operate the fund. Option D, NITI Aayog, is linked to entrepreneurship through the Atal Innovation Mission, which it launched in 2016 with an AIM 2.0 outlay of 2,750 crore rupees, but not through the Fund of Funds.
Read the full article: National Entrepreneurship Day 2026: 2.62 Lakh Startups
Practice Questions
On which date is National Entrepreneurship Day observed in India?
- A.9 October
- B.9 November
- C.19 November
- D.9 December
Show answer
The day is tied to the creation of the Ministry of Skill Development and Entrepreneurship, which was established on 9 November 2014, and so the anniversary of that ministry is observed each year as National Entrepreneurship Day.
Read the full explanation →How many DPIIT-recognised startups does India have, as stated on National Entrepreneurship Day 2026?
- A.1.62 lakh
- B.2.62 lakh
- C.3.62 lakh
- D.4.62 lakh
Show answer
Startups recognised by the Department for Promotion of Industry and Internal Trade numbered fewer than 500 in 2014 and now stand at 2.62 lakh, making India the third largest startup ecosystem in the world.
Read the full explanation →The revered Char Dham, named in the Prime Minister's Statehood Day message of 2026, lies in which state?
- A.Uttarakhand
- B.Himachal Pradesh
- C.Arunachal Pradesh
- D.Uttar Pradesh
Show answer
The Prime Minister's message on Uttarakhand Statehood Day, 9 November 2026, listed the revered Char Dham among the things that distinguish the state, along with its scenic mountain landscapes, its sacred rivers and its glorious cultural heritage.
Read the full explanation →Uttarakhand Statehood Day is observed on which date?
- A.1 November
- B.9 November
- C.15 November
- D.20 November
Show answer
That is the day Uttarakhand marks its Statehood Day, and it was on 9 November 2026 that the Prime Minister extended his heartfelt greetings to all the people of the state on the occasion.
Read the full explanation →Which state did the Prime Minister describe as Devbhoomi, blessed with spiritual heritage and extraordinary natural beauty, in his Statehood Day message?
- A.Himachal Pradesh
- B.Sikkim
- C.Uttarakhand
- D.Jharkhand
Show answer
In the Statehood Day message of 9 November 2026 the Prime Minister called the state Devbhoomi Uttarakhand and said it is blessed with spiritual heritage and extraordinary natural beauty.
Read the full explanation →