Bootstrapping Entrepreneurship in India
CMAT 2025 · Innovation & Entrepreneurship · Medium · Entrepreneurship
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): Bootstrapping entrepreneurship is one of the most adopted forms of entrepreneurship in India. Reasons (R): Managing a business through one's own financial resources is the first and easiest option available for the entrepreneur to start a business.
In light of the above statements, choose the most appropriate answer from the options given below :
- A.
Both (A) and (R) are correct and (R) is the correct explanation of (A)
- B.
Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)
- C.
(A) is correct but (R) is not correct
- D.
(A) is not correct but (R) is correct
A
Explanation
Bootstrapping (funding a business using existing resources/savings without external capital) is widely adopted because it is the most accessible starting point for entrepreneurs. Both statements are true and (R) explains (A).
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