ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Governments can encourage entrepreneurial development by
A
increasing interest rates on loans.
B
deregulating and reducing taxes.
C
establishing higher ethical standards.
D
passing more legislation with strict guidelines
Explanation: 

Detailed explanation-1: -Instilling the spirit of entrepreneurship in the young generations. Encouraging corporate excellence by developing intrapreneurs or entrepreneurial managers. To prepare a support system to facilitate establishment and management to the existing and potential entrepreneurs.

Detailed explanation-2: -i) Directing and Coordinating syllabi for training of small entrepreneurs. ii) Advising managerial and technical aspects. iii) Organizing seminars for small entrepreneurs and managers. iv) Providing services regarding research and documentation.

Detailed explanation-3: -Pradhan Mantri Mudra Yojana (PMMY) The MUDRA banks provide startup loans of up to INR 10 lakhs to small enterprises, and businesses, which are non-corporate, and non-farm small/micro-enterprises. MUDRA comes under Pradhan Mantri Mudra Yojana (PMMY) which was launched on 8 April 2015.

Detailed explanation-4: -Develop a statement to encourage entrepreneurship. Create a bond between employees and the company. Celebrate mistakes. Promote ‘intrapreneurship’ Pursue passions in and out of the company. Entrepreneurship is a mindset. Recognize and reward. Build personal brands. More items •08-Jun-2021

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