startup India quiz

What year was the startup India initiative launched?

• 2014
• 2017
• 2018
• 2016

Which of them is not an objective of startup India initiative?

• Facilitate ease of doing business
• Promote innovation in India
• Regulate existing businesses
• Provide funding support to startups

What is the maximum age of a startup to be eligible under the startup India scheme?

• 5 years
• 15 years
• 3 years

• 10 years

Which online platform provides resources and information related to startup India initiative?

• www.startupindia.net
• www.startupindia.org
• www.startupindia.gov.in
• www.startupindia.com

Which of the following benefits is provided to startups under the startup India initiative?

• Tax exemptions

• Free office space

• Direct government grants

• Guaranteed loans

The startup India initiative aims to foster entrepreneurship by providing

• mandatory training programs for entrepreneurs
• free office space and equipment
• tax incentives and subsidies
• support such as funding, mentorship, networking opportunities, and regulatory reforms

A startup wishes to apply for benefits under the startup India scheme. Which of the following criteria must it meet?

• The startup must have a turnover exceeding INR 500 crores
• The startup must have more than 100 employees
• The startup must be a non-profit organization
• The startup must be less than 10 years old, incorporated as a private limited company, partnership firm, or limited liability partnership, with an annual turnover not exceeding INR 100 crores in any previous financial year.

A new company plans to leverage the startup India initiative for tax exemptions. Which step should the company prioritize first?

• Apply for a patent first
• Register as a startup under the Startup India initiative
• Hire employees before registering
• Seek funding from investors initially