CMAT Exam 2023 Shift 1 Solved Paper

Statement I is correct, but Statement II is incorrect.
Statement I: Family businesses are always interested in handing over the charge of their business to the next generation. This statement implies that family businesses generally have a desire to pass on their business to the next generation, which is often true. Many family businesses have a long-term perspective and aim to preserve their legacy by entrusting the business to family members.
Statement II: Most startups originate from established family businesses. This statement is incorrect. While some startups may indeed emerge from established family businesses, the majority of startups are actually founded by individuals or teams who are not necessarily connected to a family business. Startups often arise from innovative ideas, market opportunities, or entrepreneurial ventures unrelated to family business backgrounds.
Therefore, the most appropriate answer is that Statement I is correct, but Statement II is incorrect.