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Which of the following statements regarding Gyan Circle Ventures, inaugurated in Oct 2020 is correct?
I. Union Minister for Education inaugurated the Gyan Circle Ventures at Indian Institute of Information Technology, Sri City (Chittoor), Andhra Pradesh.
II. Gyan Circle Ventures are Technology Business Incubators (TBI).
III. Gyan Circle Ventures are funded by the Ministry of Education.

  • A.Only statement I is correct.
  • B.Only statement II is correct.
  • C.Both statements I and II are correct.
  • D.Both statements I and III are correct.

Answer: C

The official key is option C, both statements I and II are correct. What was not confirmed: the details of the inauguration in October 2020 (the place and the minister) and the question of which ministry funds the ventures could not be checked against a source in this review. The key accepts statements I and II and rejects the claim in III that the ministry of education funds them, so option C is kept. Options A and B would accept only one of the first two statements, and option D adds the funding statement that the key rejects.

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