Question

Given below are two statements:
Statement: An entrepreneur can get a lot of quality information about competitors from company reports and its website.
Statement II: First step to avail finance for a new project is Promoter's Biodata.
In the light of the above statement, choose the correct answer from the options given below:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement il are false
• C. Statment I is true but Statement Il is false
• D. Statement I is false but Statement II is true

Answer 1

The Correct Option is C

Statement I is true because company reports and websites are reliable sources of competitor analysis for entrepreneurs. However, Statement II is false because the first step to avail finance is typically submitting a business plan rather than the Promoter’s Biodata.