Q. With reference to the definition Startups in India, consider the following statements:
1.An entity that is headquartered in India, which was opened less than 7 years ago.
2.It has an annual turnover less than ₹100 crore.
Which of the statements given above is/are correct?
Answer: B
Notes:
Statement 1 is incorrect: A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago.
Statement 2 is correct: It has an annual turnover less than ₹100 crore.
