2023 · Q80
Which of the following are the major objectives of setting up of Biotechnology Industry Research Assistance Council (BIRAC)?
- 1To foster innovations and entrepreneurship
- 2To promote affordable innovations in key social sectors
- 3To empower startups and small and medium enterprises
- 4To encourage young investigators for entrepreneurial and managerial development in SMEs in bio- technology
Select the correct answer using the code given below.
Indian EconomyGrowth and sectors
- A1, 2 and 3 only
- B1 and 4 only
- C2, 3 and 4 only
- D1, 2, 3 and 4
Explanation
BIRAC's major objectives are fostering innovation and entrepreneurship, promoting affordable innovation in key social sectors, and empowering startups and small and medium enterprises (statements 1 to 3). Encouraging young investigators for entrepreneurial and managerial development in biotech SMEs (statement 4) is not listed among its founding objectives. Hence 1, 2 and 3 only, option A.