Question 82

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 :

The assertion (A) notes that bootstrapping, the process of building a business from scratch without attracting investment or with minimal external capital, has become one of the most adopted forms of entrepreneurship in India. It hints at the fact that many Indian entrepreneurs prefer to start their businesses with their own monetary input without taking external capital. The reason (R) attempts to explain (A) by saying that the first and easiest option for an entrepreneur to start a business is by bootstrapping it. Since (R) might be a reason why bootstrapping is the most adopted form of entrepreneurship, it can be said to be a correct explanation. The correct answer, therefore, is option A.

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 40+ previous papers with detau solutions PDF
  • Top 500 MBA exam Solved Questions for Free

MAT Quant Questions | MAT Quantitative Ability

MAT DILR Questions | LRDI Questions For MAT

MAT Verbal Ability Questions | VARC Questions For MAT