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 correct: Company reports and websites are dependable sources for entrepreneurs to analyze their competitors. Conversely, Statement II is incorrect: A business plan, not a Promoter’s Biodata, usually starts the finance application process.