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Q103 (CDS-I/2022) Economy › Industry, Infrastructure & Investment › Corporate and business forms Answer Verified

What is ‘Unicom Company’ often mentioned in Indian news ?

Result
Your answer: —  ·  Correct: A
Explanation

The term 'Unicom' in the question is a typographical error for 'Unicorn,' a term frequently used in Indian news to describe privately held startup companies valued at over $1 billion. India has emerged as the third-largest startup ecosystem globally, trailing only the USA and China [3]. According to the Department for Promotion of Industry and Internal Trade (DPIIT), a startup is defined by its innovation, scalability, and specific turnover limits [2]. While the provided text mentions major startups like Paytm and Ola, the broader economic context defines a 'Unicorn' specifically by its valuation milestone [3]. These entities are typically venture-capital-backed and remain private; once they list on a stock exchange, they are no longer classified as unicorns. The growth of such companies is supported by government initiatives like 'Startup India' to foster wealth creation and employment [2].

Sources

  1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > 7.8 Start-ups and Policy Enablers for Innovation > p. 239
  2. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 14: Service Sector > INFORMATION TECHNOLOGY AND BUSINESS PROCESS MANAGEMENT SERVICES > p. 431
  3. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > 7.8 Start-ups and Policy Enablers for Innovation > p. 238
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