A key challenge in resource mobilisation for new startups is often a lack of 'social capital'. What does this term refer to?

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AThe network of relationships, trust, and influence that can be leveraged.

BThe availability of physical assets and collateral for loans.

CGovernment grants and subsidies specifically for startups in Kerala.

DThe ability to attract and retain skilled labor within the state.

Answer:

Social capital refers to the value of a person's social networks, which can be leveraged for various purposes, including gaining trust and securing resources.

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