Directions - Read the following passage and answer the questions as directed. 
At another level, VCs owe it to every Indian to show her (or him) a solution to both job creation and wealth generation. Jobs (or the lack of them) are at the top of the minds of our youth. The public sector is a major employer of youth, but its share as a job provider has been (A)................. despite government jobs being the preferred option for 80% of rural and urban youth. Several reports indicate that unemployment is almost becoming endemic in this country at 6.1%, as per the officially unannounced National Sample Survey Office (NSSO) data. The Centre for Monitoring Indian Economy (CMIE), a private think tank, has calculated India’s unemployment rate at 7.38%. Both the NSSO and CMIE have found the jobless rate among the youth is significantly higher. So, with inadequate government jobs and a slow uptick in private sector jobs, it is time entrepreneurship is seen as a serious alternative.
More recently, universal basic income is being flaunted as the panacea to almost all our problems. In an election year, there are bound to be debates on both sides, but every right-thinking person knows that sustainable job creation can happen only when governments do not need to intervene in the funding of entrepreneurship, be it at the microfinance level, a Mudra level, small and medium enterprises (SME) or at the highest end of our tech-enabled businesses. At all levels, the innovation of entrepreneurship thrives only when capital is available widely and in a sustainable manner. To do this, the capital has to be self-generated. If a worker is earning Rs. 10,000 a month, someone has to educate that person how saving Rs. 500 for pension in the provident fund or putting it into mutual funds is not going to create jobs for anyone. Mutual funds do not invest in initial public offerings (IPOs). They participate in listed stocks and go towards secondary purchase of existing shares rather than in IPOs that would make them primary capital providers to entrepreneurs. When savings go into a provident fund, most of it finds its way into government securities and enables it to run expenses and budgets.