UPSC Prelims Practice Questions — Government notifies Startup India Fund of Funds 2.0 with ₹10,000 crore corpus to mobilize capital for startups

Q1. The ₹10,000 crore corpus of the Startup India Fund of Funds 2.0 is to be committed across which of the following Finance Commission cycles?

  • A. 14th and 15th Finance Commission cycles
  • B. 15th and 16th Finance Commission cycles
  • C. 16th and 17th Finance Commission cycles
  • D. 17th and 18th Finance Commission cycles

Q2. The Department for Promotion of Industry and Internal Trade (DPIIT), which is the nodal/monitoring department for the Fund of Funds for Startups, functions under which one of the following Union Ministries?

  • A. Ministry of Finance
  • B. Ministry of Commerce and Industry
  • C. Ministry of Micro, Small and Medium Enterprises
  • D. Ministry of Corporate Affairs

Q3. Which one of the following institutions is the operating/implementation agency that actually operationalises the Fund of Funds for Startups?

  • A. National Bank for Agriculture and Rural Development (NABARD)
  • B. Securities and Exchange Board of India (SEBI)
  • C. Small Industries Development Bank of India (SIDBI)
  • D. Export-Import Bank of India (EXIM Bank)

Q4. Under the DPIIT operational guidelines for the Startup India Fund of Funds 2.0, into how many priority segments/categories are the eligible Alternative Investment Funds classified?

  • A. Two
  • B. Three
  • C. Four
  • D. Five

Q5. The Startup India Action Plan (2016), under which the Fund of Funds for Startups was launched, comprised how many action items?

  • A. 16
  • B. 18
  • C. 19
  • D. 21

Q6. The Alternative Investment Funds that receive commitments under the Fund of Funds for Startups are registered under which one of the following?

  • A. SEBI (Venture Capital Funds) Regulations, 1996
  • B. SEBI (Alternative Investment Funds) Regulations, 2012
  • C. SEBI (Alternative Investment Funds) Regulations, 2016
  • D. SEBI (Mutual Funds) Regulations, 1996

Q7. Under FFS 1.0, supported Alternative Investment Funds have invested over ₹25,500 crore in more than how many startups?

  • A. 791
  • B. 1,000
  • C. 1,370
  • D. 2,000

Q8. As per the notification of the Startup India Fund of Funds 2.0, how many Implementation Agencies are envisaged to operationalise the scheme?

  • A. One
  • B. Two
  • C. Three
  • D. Four

Q9. Among the flagship financing schemes under Startup India, which one has the largest corpus and functions as the anchor for catalysing venture capital by committing to SEBI-registered Alternative Investment Funds?

  • A. Startup India Seed Fund Scheme (SISFS)
  • B. Credit Guarantee Scheme for Startups (CGSS)
  • C. Fund of Funds for Startups (FFS)
  • D. Self-Reliant India Fund