Consider the following statements regarding the 'Startup India' initiative: Statement I: 'Startup India will turn Indian youth from job seekers into job creators.' Statement II: Under Startup India, eligible startups are exempted from capital gains tax under specific provisions of the Income Tax Act.

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are correct

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Answer 1

Both Statement I and Statement II are incorrect

Answer 2

Only Statement II is correct

Answer 3

Only Statement I is correct

Answer 4

Both Statement I and Statement II are correct

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