67. With reference to start up India scheme, a startup is

i) An entity not older than 5 years

ii) An entity with annual turnover not exceeding INR 5 crore in any preceding financial year.

Which of the following statement is/are true?

a) i only

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b) ii only

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c) Both

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d) Neither

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Solution

The correct option is A
a) i only

Ans 67.A

Explanation: Start-up India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and Start-ups in the country. This will drive sustainable economic growth and generate large scale employment opportunities. The Government, through this initiative aims to empower Start-ups to grow through innovation and design. Start-up means,

• An entity, incorporated or registered in India

• Not older than five years,

• Annual turnover does not exceeding INR 25 crore in any preceding financial year,

• Working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property

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67. With reference to start up India scheme, a startup is i) An entity not older than 5 years ii) An entity with annual turnover not exceeding INR 5 crore in any preceding financial year. Which of the following statement is/are true?

67. With reference to start up India scheme, a startup is

i) An entity not older than 5 years

ii) An entity with annual turnover not exceeding INR 5 crore in any preceding financial year.

Which of the following statement is/are true?