Q. Consider the following statements regarding “Startups”:
1. India has become the 5th largest startup environment in the world.
2. Unicorn is a term given only to startups that have a valuation of over $100 billion.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and

[D] Neither 1 nor 2

Answer: D
Notes:

Explanation: India has become the 3rd largest startup environment in the world and as the 3rd highest number of unicorns in the world next to US and China.

· Unicorn – It is a term given only to startups that have a valuation of over $1 billion.

· Decacorn – The startups that exceed the valuation of $10 billion are grouped under the term called decacorn (a super unicorn).

Source: FORUMIAS

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