New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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 ₹1 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 ₹1 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.

    Practice Next

    Relevant for Exams: