Statements on Family Business and Startups

CMAT 2023 · INE · Medium · Innovation and Entrepreneurship

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Given below are two statements:. Statement I : Family businesses are always interested to handover the charge of their business to next generation. Statement II: Most of the start-up originate from the established family business.

In the light of the above statements, choose the most appropriate answer from the options given below:

  1. A.

    Both Statement I and Statement II are correct

  2. B.

    Both Statement I and Statement II are incorrect

  3. C.

    Statement I is correct but Statement II is in correct

  4. D.

    Statement I is incorrect but Statement II is correct

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