Question
The first unit-linked insurance plan (ULIP) was launched
by which of these countries?Solution
India was the first one to launch it in the year 1971 by Unit Trust of India. ULIPs are a type of ‘Protection + Savings’ plans. It is a combination of insurance (life insurance) and investment. Here wealth creation is the goal along with life cover  where the insurance company puts a portion of investment towards life insurance and rest into a fund of the insured’s/policyholders’ choice (that is based on equity or debt or both just like in a mutual fund) and matches with individual long-term goals.
What is the term used to describe the process of scaling up a startup into a sustainable and profitable business?
Which of the following are good sources of new business ideas?
Which Indian government initiative focuses on promoting innovation and entrepreneurship among students in schools and colleges?
If an entrepreneur has an internal locus of control, this means that he/she:
Why is the notion of ‘vision’ important in entrepreneurship?
Which Indian government scheme focuses on providing financial assistance and business development services to women entrepreneurs?
Which of the following is not an aggressiveness strategy?
An entrepreneur considering if what they are doing makes sense is an example of:
Which one of the following is the main problem for the entrepreneur in the beginning stages of creating a new venture?
What is the term used to describe the process of acquiring or merging with another company to achieve growth or strategic objectives?
