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      Question

      How does the government, as per the Union Budget

      2024-25, plan to encourage private sector participation in research and innovation?
      A By providing tax breaks to companies investing in research and development. Correct Answer Incorrect Answer
      B By offering grants to startups working on innovative technologies. Correct Answer Incorrect Answer
      C By establishing a financing pool of โ‚น1 lakh crore for commercial-scale research and innovation. Correct Answer Incorrect Answer
      D By creating a regulatory framework that encourages risk-taking and experimentation. Correct Answer Incorrect Answer
      E All of the above. Correct Answer Incorrect Answer

      Solution

      The Union Budget 2024-25 specifically mentions a financing pool of โ‚น1 lakh crore to spur private sector-driven research and innovation, indicating that this is a key mechanism through which the government aims to encourage private participation.

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