Economics (Part – XIV)

Total Questions: 50

41. Which of the following is not a category of loan under Pradhan Mantri Mudra Yojana? [S.S.C. Online MTS (T-I) 21.09.2017 (Shift-I) S.S.C. Online C.G.L.(T-I) 11.08.2017 (Shift-III)]

(a) Shishu
(b) Vayask
(c) Tarun
(d) Kishore

Correct Answer: (b) Vayask

Solution:Under Prime Minister Mudra Yojana, loans for income generating activities up to Rs. 50,000 are termed Shishu loans.

42. Which of the following acronyms represents the scheme by the Union Government to facillitate the collateral free loans by Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) to SmallMicro business enterprises and individuals in the non-agricultaral sector? [S.S.C. JE Civil Exams 30.10.2020 (Shift-I)]

(a) UDAAN
(b) JAM
(c) MUDRA
(d) UDAY

Correct Answer: (c) MUDRA

Solution:Pradhan Mantri Mudra Yojana (PMMY) was launched on 8th April, 2015 with the objective of providing loans up to 10 lakhs to non-corporate, non-farm small/micro enterprises. These loans are provided by scheduled commercial banks, regional rural banks, small finance banks, micro financial institutions and non-financial companies.

43. 'Stand up India' scheme launched by the Prime Minister recently is related with'- [S.S.C. Online C.G.L.(T-I) 9.09.2016 (Shift-III)]

(a) Promotion of entrepreneurship among SC, ST and Women
(b) Promotion of rights of Divyangs
(c) Promotion of compulsory education for women
(d) Promotion of Indian exports in western countries

Correct Answer: (a) Promotion of entrepreneurship among SC, ST and Women

Solution:

Standup India was launched by Prime Minister Narendra Modi on 5 April 2016 to support entrepreneurship among women and SC & ST communities.

44. When was the flagship scheme of Skill India Mission launched in India? [S.S.C. Online CGL (T-I) 24.08.2021 (Shift-II)]

(a) 2019
(b) 2010
(c) 2008
(d) 2015

Correct Answer: (d) 2015

Solution:The flagship scheme of Skill India Mission was launched in the year 2015 to provide employment to the youth population in India by providing them skill training.

45. The Government of India launched the Initiative on 16 January 2016, with the objective of supporting entrepreneurs, building a robust start-up ecosystem and transforming India into a country of job creators instead of job seekers. [S.S.C. Online C.G.L. (T-I) 9.03.2020 (Shift-III)]

(a) Digital India
(b) Skill India
(c) Empower India
(d) Start-up India

Correct Answer: (d) Start-up India

Solution:The Government of India launched the Start-up India Initiative on 16 January 2016, with the objective of supporting entrepreneurs, building a robust start-up ecosystem and transforming India into a country of job creators instead of job seekers.

46. What is the expanded form of 'PMSBY'? [S.S.C. Online Stenographer, 14.09.2017 (Shift-II)]

(a) Pradhan Mantri Suraksha Bima Yojana
(b) Pradhan Mantri Sukanya Bima Yojana
(c) Pradhan Mantri Swachh Bharat Yojana
(d) None of these

Correct Answer: (a) Pradhan Mantri Suraksha Bima Yojana

Solution:The expanded form of 'PMSBY' is 'Prime Minister Suraksha Bima Yojana'. It started from Kolkata (West Bengal) on 9 May 2015.

47. Pradhan Mantri Jeevan Jyoti Bima Yojana is available to all citizens between the ages of 18 to_________ years. [S.S.C. Online MTS (T-I) 3.10.2017 (Shift-I) S.S.C. Online MTS (T-I)30.10.2017 (Shift-I)]

(a) 50
(b) 60
(c) 75
(d) 80

Correct Answer: (a) 50

Solution:Pradhan Mantri Jeevan Jyoti Bima Yojana is available to all citizens between the ages of 18 to 50 years.

48. What is the annual premium (in Rs.) of Pradhan Mantri Suraksha Bima Yojana? [S.S.C. Online MTS (T-I) 17.09.2017 (Shift-III)]

(a) 12
(b) 300
(c) 330
(d) 1000

Correct Answer: (a) 12

Solution:Pradhan Mantri Suraksha Bima Yojana is an accident insurance scheme supported by the Government of India. It was launched from Kolkata in May 2015. With a minimum premium rate of Rs 12 per annum, it is a beneficial scheme for the poor and low income group of the society.

49. What is the amount of life insurance cover received by the holders of Pradhan Mantri Jeevan Jyoti Bima Yojana? [S.S.C. Online MTS (T-I) 20.09.2017 (Shift-II)]

(a) Rs 1 lakh
(b) Rs 2 lakh
(c) Rs 3 lakh
(d) Rs 5 lakh

Correct Answer: (b) Rs 2 lakh

Solution:Pradhan Mantri Jeevan Jyoti Bima Yojana is a life insurance scheme. Its holder gets a life insurance cover of Rs 2 lakh. This scheme was started by the Central Government on May 9, 2015 to make the benefit of life insurance to every person in the country. The annual premium (in Rs.) of the plan is 330 per member. Under this scheme, a security cover of Rs 2 lakh is provided to the insurer.

50. What is Pradhan Mantri Jeevan Jyoti Bima Yojana? [S.S.C. Online MTS (T-I) 19.09.2017 (Shift-I)]

(a) a health insurance plan
(b) a financial inclusion scheme
(c) a life insurance plan
(d) an accident insurance plan

Correct Answer: (c) a life insurance plan

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