Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

Who conduct the entrepreneurship awareness and entrepreneurship development programmes (EAPs and EDPs)?

Options:

Asian Development Bank

National Institute for Entrepreneurship and Small Business Development 

Small Industries Development Bank of India

Securities and Exchange Board of India

Correct Answer:

National Institute for Entrepreneurship and Small Business Development 

Explanation:

The correct answer is option 2- National Institute for Entrepreneurship and Small Business Development.

Well developed financial system, good infrastructure, helpful bureaucracy all these have a favourable impact on entrepreneurship. Specially designed and dedicated institutions such as National Institute for Entrepreneurship and Small Business Development (visit, niesbud.nic.in), Entrepreneurship Development Institute of India (visit, www.ediindia.org) that conduct entrepreneurship awareness and entrepreneurship development programmes (EAPs and EDPs).

The National Institute for Entrepreneurship and Small Business Development (NIESBUD) is an autonomous organization under the Ministry of Skill Development and Entrepreneurship, Government of India. NIESBUD plays a significant role in promoting entrepreneurship and the growth of small businesses across India. NIESBUD aims to foster an entrepreneurial spirit among individuals, particularly the youth, women, and people from economically weaker sections of society. It provides training, support, and resources to individuals who wish to start their own businesses.

 

OTHER OPTIONS

  • SEBI stands for the Securities and Exchange Board of India. It is the regulatory body responsible for overseeing the securities markets in India, ensuring that the market functions in a fair and transparent manner and that investors are protected.
  • The Asian Development Bank (ADB) is a vital institution for fostering economic development and regional integration in Asia. Through its financial support, technical assistance, and policy advisory services, ADB helps its member countries address key development challenges such as poverty, infrastructure needs, and climate change, aiming for inclusive, sustainable, and broad-based growth across the region.
  • SIDBI stands for the Small Industries Development Bank of India. It is a financial institution that plays a key role in supporting the growth and development of small-scale industries (SSIs) in India. It acts as a facilitator for both the financial system and the broader entrepreneurial ecosystem.