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Question

74. Consider the following about Start-up Sangam initiative:
1. It is a programme of Ministry of Skill Development and Entrepreneurship.
2. It aims to bring innovation and technology.
3. Corpus fund for this is created by Public sector banks
Which of the above statement(s) is/are incorrect?

A
Only 1 and 2
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B
Only 2 and 3
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C
Only 1 and 3
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D
None of the above
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Solution

The correct option is C Only 1 and 3
Start-up Sangam initiative has been launched by Ministry of Petroleum and Natural Gas to develop new business models, marketing plans and to bringing in innovations and disruptions in the technology. The corpus has been created by contributions from India Oil Corporation, ONGC, Engineers India, Oil India, Numaligarh Refinery, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Gail (India), Balmer Lawrie and Mangalore Refinery and Petrochemicals.

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