Consider the following statements about the Indian Institute of Entrepreneurship (IIE): 1. The IIE was established in 1999 in Guwahati. 2. The main aim of the institute is to provide training, research and consulting activities for small and micro enterprises. Which of the statements given above is/are correct?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
Correct — B, 2 only. The city in the first statement is right and the year is wrong, and a statement is only correct if all of it is. The Indian Institute of Entrepreneurship was registered under the Societies Registration Act of 1860 and set up at Guwahati in 1993 by what was then the Ministry of Industry, and it began operating in April 1994 with the North Eastern Council, the governments of Assam, Arunachal Pradesh and Nagaland, and the Small Industries Development Bank of India as its other stakeholders. The paper's 1999 is six years late. Statement 2 reproduces the institute's own description of itself: its main aim is to provide training, research and consultancy in small and micro enterprises, with a special focus on entrepreneurship development. Its work runs to entrepreneurship development programmes, training of trainers, project reports and cluster and livelihood schemes, mainly for the north-eastern region. One further fact worth attaching to the name is that the institute changed hands in 2015: it moved from the Ministry of Micro, Small and Medium Enterprises to the Ministry of Skill Development and Entrepreneurship on 22 May that year, which is where it sits today, with its campus at Lalmati, Basistha Chariali, on the bypass at Guwahati.
- (a)1 only — Accepts the wrong founding year and rejects the institute's own statement of purpose. The year is 1993, not 1999, and the training-research-consultancy aim is exactly how the institute describes itself.
- (c)Both 1 and 2 — The trap for a candidate who recognises Guwahati and stops reading. The city is right; the date is not, and a single wrong date sinks the statement.
- (d)Neither 1 nor 2 — Too severe. The second statement is the institute's own wording about training, research and consultancy for small and micro enterprises.
Entrepreneurship support in India runs through a small set of national institutes with distinct homes. The Indian Institute of Entrepreneurship at Guwahati and the National Institute for Micro, Small and Medium Enterprises at Hyderabad both began under the industry and small-enterprise ministries; the National Institute for Entrepreneurship and Small Business Development at Noida and the Indian Institutes of Skills are with the Ministry of Skill Development and Entrepreneurship. The IIE crossed from the first group to the second in 2015, which is why older and newer sources place it under different ministries.
Two-statement items about an institution almost always put the date in one statement and the mandate in the other, because a mandate can be reasoned out and a date cannot. Here the mandate is easy: an institute of entrepreneurship exists to train, research and advise, and the enterprises it serves in the north-east are small and micro rather than large. The date has to be recalled, and the useful anchor is that the IIE belongs to the early 1990s wave of north-eastern development institutions, set up in 1993 and working from April 1994, rather than to the end of the decade. Note the wording difference between the paper and the institute: the paper says consulting where the institute says consultancy, which does not change the sense.
- The Indian Institute of Entrepreneurship was established at Guwahati in 1993 by the then Ministry of Industry and registered under the Societies Registration Act, 1860.
- It began operating in April 1994, with the North Eastern Council, the governments of Assam, Arunachal Pradesh and Nagaland and SIDBI among its stakeholders.
- Its stated aim is training, research and consultancy in small and micro enterprises, with a special focus on entrepreneurship development.
- It was transferred to the Ministry of Skill Development and Entrepreneurship on 22 May 2015, having earlier been under the Ministry of Micro, Small and Medium Enterprises.
- Its headquarters is at Lalmati, Basistha Chariali, on the NH bypass at Guwahati.
One wrong number is enough to fail a statement, even when the rest of it is right.
- Passing a statement because its most memorable element, here the city, is correct.
- Placing the institute under the MSME ministry today; it moved to the skill development ministry in 2015.
- Confusing the Indian Institute of Entrepreneurship at Guwahati with the Indian Institutes of Skills at Kanpur, Mumbai and Ahmedabad.
As a two-statement item pairing a founding year with a mandate, as a which-ministry question, or as a match between an institution and its location.
With reference to ‘Stand Up India Scheme’, which of the following statements is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinance through SIDBI. Select the correct answer using the code given below:
- (a) 1 only
- (b) 2 only
- (c) Both 1 and 2
- (d) Neither 1 nor 2
Answer(c) Both 1 and 2
The same machinery of entrepreneurship promotion, and the same institution in the background. SIDBI, which refinances Stand Up India lending, was one of the stakeholders with which the Guwahati institute began work in 1994.
Consider the following statements about the Micro, Small and Medium Enterprises (MSMEs): 1. The MSMEs comprise a dynamic sector of the Indian economy providing large employment opportunities. 2. MSMEs require low capital cost and help industrialization of backward regions. 3. MSMEs contribute enormously to socio-economic development. How many of the above statements is/are correct?
- (a) None
- (b) 1
- (c) 2
- (d) 3
Answer(d) 3
The sector the Guwahati institute exists to serve. Low capital cost and the industrialisation of backward regions are exactly the reasons a training and consultancy body for small and micro enterprises was placed in the north-east.
- practice — not a real PYQ
The Indian Institute of Entrepreneurship, Guwahati, at present functions under which ministry?
- (a)Ministry of Micro, Small and Medium Enterprises
- (b)Ministry of Skill Development and Entrepreneurship
- (c)Ministry of Development of North Eastern Region
- (d)Ministry of Commerce and Industry
Answer(b) Ministry of Skill Development and Entrepreneurship — the institute was transferred to it on 22 May 2015 from the MSME ministry.
- practice — not a real PYQ
Which of the following was among the stakeholders when the Indian Institute of Entrepreneurship began operating in 1994?
- (a)Reserve Bank of India
- (b)North Eastern Council and SIDBI
- (c)NITI Aayog
- (d)Indian Council of Agricultural Research
Answer(b) North Eastern Council and SIDBI — along with the governments of Assam, Arunachal Pradesh and Nagaland.