All India Free Mini Mock Test Series For RBI Grade B 2018

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IN
All India Free Mini Mock Test Series for RBI

Grade B 2018
Mini Mock Test 2
Poverty, Unemployment and International Financial
Institutions
MCQs + Detailed solutions
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[Section] Section – 1- 1 marks

Q.1) Till the year 1979, the approach to estimate poverty was traditional i.e. in terms of lack of
income but later an approach to measure poverty in terms of starvation, that is, in terms of how
much people eat was adopted. Which of the following committees was the first to adopt this
approach?
[a] Lakdawala Committee
*[b] Y K Alagh Committee
[c] Tendulkar Committee
[d] Rangarajan Committee
[e] National Planning Committee
[Marks] 1
[Negative Marks] .25
[Difficulty] Medium
[SOLUTION]
The approach to measure poverty in terms of how much people eat was first of all adopted by the YK
Alagh Committee’s recommendation in 1979 whereby, the people consuming less than 2100 calories in
the urban areas or less than 2400 calories in the rural areas are poor.
Now these calorie requirements needs some ‘monetary value’ which can be determined by ascertaining
‘quantity’ of consumption and ‘prices/value’ of that quantity. Data relating to quantity and value was
provided by NSSO survey.
Directions to the Students:

These are factual questions and the students should memorize them.
Q.2) The Government of India has inked a $250 million Loan Agreement with which of the following
international financial institutions/agencies for the project SANKALP that was announced by the
Government of India in its 2017-18 Budget?
[a] IMF
*[b] World Bank
[c] ADB
[d] AIIB
[e] African Development Bank
[Marks] 1
[Difficulty] Easy
[SOLUTION]
A Financing Agreement for IBRD (International Bank for Reconstruction and Development, World Bank’s
financing arm) loan of USD 250 million (equivalent) for the “Skills Acquisition and Knowledge
Awareness for Livelihood Promotion (SANKALP) Project” has been signed with the World Bank.
SANKALP Project: This project was announced in the Union Budget 2017-18.
The Objective of the project is to enhance institutional mechanisms for skills development and increase
access to quality and market-relevant training for the work force.
The Key result areas for the project include:
 Institutional Strengthening at the National and State Levels for Planning, Delivering, and
Monitoring High-Quality Market-Relevant Training;
 Improved Quality and Market Relevance of Skills Development Programs;
 Improved access to and completion of skills training for female trainees and other disadvantaged
groups; and
 Expanding skills training through private-public partnerships (PPPs).
The closing date for the project is 31st March, 2023.

Q.3) Which of the following statement(s) is/are incorrect regarding ‘disguised unemployment’ in
India?
[a] When more people are engaged in a job than actually required, a state of disguised unemployment
is created.
[b] A disguisedly unemployed person is the one who seems to be employed but actually he is not.
*[c] The contribution of a disguisedly unemployed person to the total output is maximum.
[d] In India, the agriculture sector experiences the prevalence of this type of unemployment.
[e] None of the above
[Marks] 1
[Difficulty] Medium
[SOLUTION]
Option [c] is incorrect.
 When a person is disguisedly unemployed, then his/her contribution to the total output is zero
or negligible.
 This happens because the same work could have been completed on time even without the
participation of the disguisedly unemployed person.

Understanding this with an example:

For example, if in an agriculture field, 5 people are working to cultivate a crop. Suppose, the yield
obtained is x. Now due to some reason, next year, 2 people were unavailable and only 3 people were
doing exactly the same work done last year. At the end, the yield obtained is again x. This means that
those two people were actually disguisedly unemployed in the year when all 5 were working because
even their absence did not result in any decrease in the yield. To sum up, their contribution to the
output was zero.

These are Concept based questions.
Usually, in the ESI paper of Phase 2, emphasis is given on Current Affairs, but it is very important to be
clear with the concepts in order to appreciate and retain the facts in mind.
Q.4) In the year 2017, the Union Cabinet has approved India's Membership for European Bank for
Reconstruction & Development (EBRD). Where is EBRD headquartered?
[a] Berlin
*[b] London
[c] Paris
[d] Vienna
[e] Moscow
[Marks] 1
[Difficulty] Easy
[SOLUTION]
 The European Bank for Reconstruction and Development (EBRD) was established in 1991, when
communism was crumbling in central and eastern Europe and these countries needed support
to nurture a new private sector in a democratic environment.
 EBRD’s charter is unique among MDBs (Multilateral Development Banks) in that it stipulates
that EBRD may work only in countries that are committed to democratic principles.
 EBRD, which is headquartered in London, is owned by 60 countries and 2 intergovernmental
institutions, the European Union and the European Investment Bank.
 Although its shareholders are in the public sector, EBRD invests mainly in private enterprises,
usually together with commercial partners.
What would be the impact of India joining the European Bank for Reconstruction and Development?
 Membership of EBRD would enhance India's international profile and promote its economic
interests.
 Access to EBRD's Countries of Operation and sector knowledge.
 India's investment opportunities would get a boost.

 It would increase the scope of cooperation between India and EBRD through co-financing
opportunities in manufacturing, services, Information Technology, and Energy.
 EBRD's core operations pertain to private sector development in their countries of operation.
The membership would help India leverage the technical assistance and sectoral knowledge of
the bank for the benefit of development of private sector.
 This would contribute to an improved investment climate in the country.
Q.5) India has come up with a Youth Development Index 2017 along the lines of the Global Youth
Development Index. In India Youth Development Index, the five dimensions of Global Youth
Development Index (Global YDI) have been retained. But India has added a new dimension to its
Index. What is this new dimension added by India?
[a] Digital Participation
*[b] Social Inclusion
[c] Financial well-being
[d] Sanitation and Hygiene
[Marks] 1
[Difficulty] Medium
[SOLUTION]
The new dimension added by India is ‘Social Inclusion’.
 In India Youth Development Index, the five dimensions of Global Youth Development Index
(Global YDI) have been retained. These five dimensions are:
 Education,
 Health and well-being,
 Employment and Opportunity,
 Political Participation and
 Civic Participation for young people.
What is this Youth Development Index (YDI)?

 The objective of constructing the India Youth Development Index (YDI) 2017 is to track the
trends in Youth Development across the States.
 The Index enables recognizing the high and low performing states, identifies the weak domains
and informs the policy makers the priority areas of intervention for youth development in the
states.
 The Rajiv Gandhi National Institute of Youth Development (RGNIYD), Sriperumbudur, Tamil
Nadu, an Institute of National Importance has come out with Youth Development Index and
Report 2017.
 Constructing Youth Development Index for the year 2017 was done using the latest definition
of youth as used in National Youth Policy – 2014 (India) and World Youth Development Report
of Commonwealth (15 – 29 years) as well as using the Commonwealth Indicators in order to
facilitate Global comparison.
Q.6) In which of the following places is the African Development Bank (AfDB) headquartered?
*[a] Abidjan
[b] Cairo
[c] Adis Ababa
[d] Tunis
[e] Pretoria
[Marks] 1
[Difficulty] Easy
[SOLUTION]
The African Development Bank is a part of the African Development Bank Group. The African
Development Bank Group was founded in 1964 and the other two entities apart from the African
Development Bank which form a part of it are the African Development Fund and the Nigeria Trust
Fund.
 The African Development Bank Group (AfDB) is a multilateral development finance institution
established to contribute to the economic development and social progress of African
countries.
 The AfDB is a financial provider to African governments and private companies investing in the
regional member countries (RMC).
 While it was originally headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved
to Tunis, Tunisia in 2003, due to the Ivorian civil war; before returning in September 2014.

Q.7) Following are some of the observations related to the employment trends in India as per the
Census 2011. Which of the following observations is/are correct?
1. Among literates, unemployment rates were higher among the better qualified.
2. At all levels of education, unemployment rates were higher in rural than in urban areas.
3. At every level of education, especially at the higher levels, female unemployment exceeded male
unemployment.
4. Overall, India’s unemployment rate grew from 6.8 p.c. in 2001 to 9.6 p.c. in 2011, based on official
Census data.

[a] 2, 3, 4
[b] 1, 2, 4
[c] 3 and 4
[d] 1 and 4
*[e] 1, 2, 3, 4
[Marks] 1
[Difficulty] Medium
[SOLUTION]
All the above given statements are correct.

Q.8) Which of the following statement(s) is/are correct regarding ‘Asian Infrastructure Investment
Bank’ (AIIB)?
[a] Japan has the highest shareholding in AIIB
*[b] India has the second highest shareholding in AIIB
[c] AIIB is headquartered in Shanghai, China
[d] The Authorized Capital Stock of the bank is 200 billion US Dollars
[e] All of the above
[Marks] 1
[SOLUTION]
Shareholding pattern of the AIIB is as follows:
 The Asian Infrastructure Investment Bank (AIIB) is an international financial institution that aims
to support the building of infrastructure in the Asia-Pacific region.
 The bank has 50-member states of founding members, plus 20 regular members (up to 2017)
and was proposed as an initiative by the government of China.
 The capital of the bank is $100 billion, equivalent to 2⁄3 of the capital of the Asian Development
Bank and about half that of the World Bank.
 The bank was proposed by China in 2013 and the initiative was launched at a ceremony in
Beijing in October 2014.
Shareholding Structure:
 The Authorized Capital Stock of the bank is 100 billion US Dollars, divided into 1 million shares
of 100 000 dollars each. Twenty percent are paid-in shares (and thus have to be transferred to
the bank), and 80% are callable shares.
 The allocated shares are based on the size of each member country's economy (calculated using
GDP Nominal (60%) and GDP PPP (40%)), whether they are an Asian or Non-Asian Member, and
the number of shares determines the fraction of authorized capital in the bank.
 Three categories of votes exist: basic votes, share votes and Founding Member votes. The basic
votes are equal for all members and constitute 12% of the total votes, while the share votes are
equal to the number of shares. Each Founding Member furthermore gets 600 votes.

These are factual questions and the students should memorize them
Q.9) Which of the following statement(s) is/are correct regarding the recommendations of the
Tendulkar and Rangarajan Committee formed for the estimation of poverty in India?
[a] The focus areas of the Rangarajan committee is wide as it includes not only the expenditure on
food, clothing, health and education but also other expenditures like transport, rent, non-food items
that meet the nutritional requirements etc.
[b] The poverty estimation method of the Tendulkar Committee is ‘Per Capita Expenditure Monthly’
and that of the Rangarajan Committee is ‘Monthly Expenditure of Family of Five’.
[c] As per the estimation of the Rangarajan Committee, the number of poor increased in comparison
to the Tendulkar Committee’s estimation.
[d] None of the above
*[e] All the above
[Marks] 1
[Difficulty] Medium
[SOLUTION]
All the above given statements are correct.
Elaborating statement [c]:
The table given below shows the total number of poor as per both the committees’ estimations:
 The Rangarajan report has added 93.7 million more to the list of the poor assessed last year as
per the Suresh Tendulkar committee formula.
 Now the total number of poor has reached 363 million from 269 million in 2011-12.

Q.10) There can be a scenario where poverty is handed over to individuals and families from
generations before them. In this type of poverty, there is usually no escape from it, as people are
trapped in its causes and have no access to tools that will help them get out of it. What can this type
of poverty be called?
[a] Situational Poverty
*[b] Generational Poverty
[c] Absolute Poverty
[d] Relative Poverty
[e] Transitory Poverty
[Marks] 1
[Difficulty] Easy
[SOLUTION]
The type of poverty mentioned in the question is Generational Poverty.
 In case of Situational Poverty (Transitory Poverty), people or families can be poor because of
some adversities like earthquakes, floods or a serious illness.
 Sometimes, people can help themselves out of this situation quickly if they are given a bit of
assistance, as the cause of their situations was just one unfortunate event.
 Absolute poverty is measured against a pre-determined level of living that families should be
able to afford.
 Consumption of food grains, vegetables, milk products and other items that are necessary for a
healthy living and access to other non-food items are included in the absolute minimum
consumption basket.
 These standards are then converted into monetary units and defined as the poverty line. People
with consumption expenditure below this threshold are considered poor.
 Relative poverty occurs when people in a country do not enjoy a certain minimum level of living
standards as compared to the rest of the population and so would vary from country to country,
sometimes within the same country.

Q.11) Which of the following is the correct formula for finding the unemployment rate?
[a] Unemployment rate = (Unemployed workers /Total number of people employed) * 100
*[b] Unemployment rate = (Unemployed workers / Total Labour Force) * 100
[c] Unemployment rate = (Unemployed workers / Total number of people seeking employment) * 100
[d] Unemployment rate = (Number of people seeking employment / Total Labour Force) * 100
[e] Unemployment rate = (Number of people employed / Total Labour Force) * 100
[Marks] 1
[Difficulty] Easy
[SOLUTION]
Unemployment rate:
It is the percent of the labor force that is without work.
Unemployment rate = (Unemployed workers / Total Labour Force) * 100

What is Labour Force?
 Labour force (also called work force) is the total number of people employed or seeking
employment in a country or region. (Thus labour force constitutes of both employed and
unemployed).
 One is classified as ‘not in labour force’; if he or she was engaged in relatively longer period in
any one of the non-gainful activities or we can say those who are neither seeking nor available
for work.
Q.12) Which of the following statement(s) is/are incorrect regarding the National Career Service
Scheme?
*[a] This scheme was launched in the year 2016
[b] It is being implemented by the Ministry of Labour and Employment
[c] It is an ICT based portal developed to provide a wide variety of employment related services to job
seekers and youth through technology.
[d] None of the above
[e] All the above
[Marks] 1
[Difficulty] Easy
[SOLUTION]
 The National Career Service scheme was launched in the year 2015.
 NCS portal facilitates registration of job seekers, job providers, skill providers, career counsellors,
etc. free of cost.
 Since its launch, the NCS has grown significantly with over 3.6 crore job seekers, 9 lakh employers.
It had mobilized over 1 lakh jobs in the last few months.
Q.13) The National Policy on Skill Development was first formulated in 2009 and it provided the
framework for skill development activities in the country.
Over the years, changes in the macro environment, and the experience gained through
implementation of various skill development programmes in the country have necessitated changes
in the policy. Accordingly, a new National Policy on Skill Development has been formulated which
supersedes the 2009 policy. In which year was this new policy formulated?
[a] 2011
[b] 2014
[c] 2012
[d] 2001
*[e] 2015
[Marks] 1

[Difficulty] Easy
[SOLUTION]
Vision of the policy:
To create an ecosystem of empowerment by Skilling on a large Scale at Speed with high Standards and
to promote a culture of innovation based entrepreneurship which can generate wealth and employment
so as to ensure Sustainable livelihoods for all citizens in the country.
Key features of the policy:
 It addresses key obstacles to skilling, including low aspirational value, lack of integration with
formal education, lack of focus on outcomes, low quality of training infrastructure and trainers,
etc.
 Further, the Policy seeks to align supply and demand for skills by bridging existing skill gaps,
promoting industry engagement, operationalising a quality assurance framework, leverage
technology and promoting greater opportunities for apprenticeship training.
 Equity is also a focus of the Policy, which targets skilling opportunities for socially/geographically
marginalised and disadvantaged groups.
 Skill development and entrepreneurship programmes for women are a specific focus of the
Policy.
Financing
National Skill Development Fund (NSDF) has been set up by Government of India with the objective of
encouraging skill development in the country. A public Trust set up by Government of India is the
custodian of the Fund. The Fund acts as a receptacle for all donations, contribution in cash or kind from
all contributors (including Government, multilateral organizations, corporations etc) for furtherance of
the objectives of the Fund.

Q.14) Which of the following statement(s) is/are correct regarding the New Development Bank
(NDB)?
1. The New Development Bank is a multilateral development bank established by the BRICS states.
2. The Agreement on the NDB specifies that the voting power of each member will be equal to the
number of its subscribed shares in the capital stock of the bank.
3. NDB is currently headquartered in Beijing, China.
4. The bank does not allow the inclusion of any other member except the BRICS nations.
[a] 1, 2, 3
[b] 2, 3, 4
*[c] 1 and 2

[d] 1 and 3
[e] 1, 2, 3, 4
[Marks] 1
[Difficulty] Medium
[SOLUTION]
Statement 3 and 4 are incorrect.
Statement 3: NDB is currently headquartered at Oriental Financial Centre in Shanghai, China.
Statement 4: The bank will allow new members to join but the BRICS capital share cannot fall below
55%. Bank's Articles of Agreement specify that all members of the United Nations could be members
of the bank.
The New Development Bank (NDB)
 The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a
multilateral development bank established by the BRICS states (Brazil, Russia, India, China and
South Africa).
 According to the Agreement on the NDB, "the Bank shall support public or private projects
through loans, guarantees, equity participation and other financial instruments." Moreover,
the NDB "shall cooperate with international organizations and other financial entities, and
provide technical assistance for projects to be supported by the Bank."
Shareholding:
The bank will have starting capital of $50 bln, with capital increased to $100 bln over time. Brazil, Russia,
India, China and South Africa will initially contribute $10 bln each to bring the total to $50 bln.


Q.15) The Global Hunger Index (GHI) released by the International Food Policy Research Institute
(IFPRI) calculates the GHI Scores based on four indicators. Which of the following is not one of them?
[a] Child Wasting
[b] Child Stunting
*[c] Neonatal Mortality
[d] Undernourishment
[e] Under-5 Mortality Rate
[Marks] 1
[Difficulty] Easy
[SOLUTION]
• The Global Hunger Index (GHI) is a tool designed to comprehensively measure and track hunger
at the global, regional, and national levels.
• The GHI is designed to raise awareness and understanding of the struggle against hunger, provide
a means to compare the levels of hunger between countries and regions, and call attention to
the areas of the world in greatest need of additional resources to eliminate hunger.
• The composition of the GHI is as follows:

Q.16) Which of the following is the correct formula to calculate the Worker Population Ratio (WPR)?
[a] WPR = (No. of unemployed persons/Total Population) * 1000
*[b] WPR = (No. of employed persons/Total Population) * 1000
[c] WPR = (Labour Force/Total Population) * 1000
[d] WPR = (No. of people seeking employment/Total Population) * 1000
[Marks] 1
[Difficulty] Medium
[SOLUTION]
Worker Population Ratio (WPR):
Worker Population Ratio (WPR) is defined as the number of persons employed per 1000 persons.
Labour Force Participation Rate (LFPR):
Labour Force Participation Rate (LFPR) is defined as the number of persons in the labour force per 1000
persons.

Q.17) The type of unemployment which occurs due to a mismatch between the jobs available in
the market and the skills of the available workers in the market is known as?
[a] Frictional unemployment
*[b] Structural unemployment
[c] Seasonal unemployment
[d] Chronic unemployment
[e] Open unemployment
[Marks] 1


[Difficulty] Easy
[SOLUTION]
 Structural Unemployment occurs due to structural changes in the economy.
 Structural changes can be due to change in technology (from labour intensive technology to
capital intensive technology) or change in the pattern of demand.
 Thus, structural unemployment is a category of unemployment arising from the mismatch
between the jobs available in the market and the skills of the available workers in the market.
 In a developing country like India, structural unemployment exists both in the rural and the urban
areas.
 For example, if a particular job which is currently being done by a number of workers is replaced
by automation, then these workers would be rendered unemployed due to the automation
process.

Q .18) Which of the following is/are true with respect to the scheme ‘Pandit Deendayal Upadhyay
Shramev Jayate Karyakram’?
[a] The scheme was launched in October 2014 by Government of India.
[b] This is an umbrella scheme with five schemes under it.
[c] Its objective is to create conducive environment for industrial development and doing business
with ease and also expanding government support to impart skill training for workers.
[d] Only (a) and (c)
*[e] a, b, c
[Marks] 1
[SOLUTION]
The Pandit Deendayal Upadhyay Shramev Jayate Karyakram was launched in October 2014 by
Government of India.
Objective: To create conducive environment for industrial development and doing business with ease
and also expanding government support to impart skill training for workers.
This is an umbrella scheme with five schemes under it as follows:
A dedicated Shram Suvidha Portal: That would allot Labour Identification Number (LIN) to nearly 6
lakhs units and allow them to file online compliance for 16 out of 44 labour laws

An all-new Random Inspection Scheme: Utilizing technology to eliminate human discretion in

selection of units for Inspection, and uploading of Inspection Reports within 72 hours of inspection
mandatory
Universal Account Number: Enables 4.17 crore employees to have their Provident Fund account
portable, hassle-free and universally accessible
Apprentice Protsahan Yojana: Will support manufacturing units mainly and other establishments by
reimbursing 50% of the stipend paid to apprentices during first two years of their training
Revamped Rashtriya Swasthya Bima Yojana: Introducing a Smart Card for the workers in the
unorganized sector seeded with details of two more social security schemes.

Q.19) Which of the following statement(s) is/are correct regarding the scheme ‘Rashtriya Swasthya
Bima Yojana’?
1. This is a health insurance scheme that aims to facilitate launching of health insurance projects in all
the districts of the States in a phased manner for BPL workers.
2. Unorganized sector workers belonging to BPL category and their family members (a family unit of
five) shall be the beneficiaries under the scheme.
3. This scheme was under the Labour and Employment Ministry until April, 2015.
4. In 2014, a revamped RSBY was launched which was to be administered by the Ministry of Health
and Family Welfare with effect from 1st April, 2015.
[a] 1, 2, 4
[b] 1, 3
[c] 1, 4
[d] 1, 2
*[e] 1, 2, 3, 4
[Marks] 1
[SOLUTION]
All the given statements are correct.
The objective of this scheme is:
Recognizing the diversity with regard to public health infrastructure, socio -economic conditions and the
administrative network, the health insurance scheme aims to facilitate launching of health insurance
projects in all the districts of the States in a phased manner for BPL workers.

Funding Pattern
 Contribution by Government of India: 75% of the estimated annual premium of Rs.750, subject
to a maximum of Rs. 565 per family per annum. The cost of smart card will be borne by the
Central Government.
 Contribution by respective State Governments: 25% of the annual premium, as well as any
additional premium.
 The beneficiary would pay Rs. 30 per annum as registration/renewal fee.
 The administrative and other related cost of administering the scheme would be borne by the
respective State Governments.

Q.20) Which of the following statement(s) is/are incorrect with respect to the National Social
Assistance Programme (NSAP)?
1. NSAP was launched on 15th August 1995
2. National Social Assistance Programme is a social security and welfare programme to provide
support to aged persons, widows, disabled persons and bereaved families on death of primary bread
winner, belonging to below poverty line households.
3. At its inception in the year 1995, it had three components.
4. At present, NSAP has only two components (schemes) under it.
*[a] Only 4
[b] 2, 3 and 4
[c] 2 and 3
[d] Only 3
[e] 1 and 4
[Marks] 1
[SOLUTION]
 NSAP was launched on 15th August, 1995.
 The National Social Assistance Programme (NSAP) represents a significant step towards the
fulfillment of the Directive Principles in Article 41 and 42 of the Constitution recognizing the
concurrent responsibility of the Central and the State Governments in the matter.
 In particular, Article 41 of the Constitution of India directs the State to provide public assistance
to its citizens in case of unemployment, old age, sickness and disablement and in other cases of
undeserved want within the limit of its economic capacity and development.
Components of NSAP
The NSAP at its inception in 1995 had three components namely
1. National Old Age Pension Scheme (NOAPS),

2. National Family Benefit Scheme (NFBS) and

3. National Maternity Benefit Scheme (NMBS). The National Maternity Benefit Scheme (NMBS) was
subsequently transferred on 1st April, 2001 from the Ministry of Rural development to the
Ministry of Health and Family Welfare.
 On 1st April, 2000 a new Scheme known as Annapurna Scheme was launched. This scheme
aimed at providing food security to meet the requirement of those senior citizens who, though
eligible, have remained uncovered under the NOAPS.
 In February 2009, two new Schemes known as Indira Gandhi National Widow Pension Scheme
(IGNWPS) and Indira Gandhi National Disability Pension Scheme (IGNDPS) were introduced.
Presently NSAP comprises of five schemes, namely –

1. Indira Gandhi National Old Age Pension Scheme (IGNOAPS),
2. Indira Gandhi National Widow Pension Scheme (IGNWPS),
3. Indira Gandhi National Disability Pension Scheme (IGNDPS),
4. National Family Benefit Scheme NFBS and
5. Annapurna.

These are factual questions and the data will get updated. It is very important to keep a check on the
updated data and students should memorize the data which is recent.
For example, the GDP Growth estimates released by the major International Financial Institutions and
the ranking of India in important indices released by major agencies.
EduTap would be covering the updates as part of its ESI and Finance in news monthly Current Affairs
documents.
Q.21) The 2018 BRICS Summit will be held in which of the following places?
[a] Xiamen, China
[b] Goa, India
*[c] Johannesburg, South Africa
[d] Brasilia, Brazil
[e] Rio de Janeiro, Brazil
[Marks] 1
[Difficulty] Easy
[SOLUTION]
 The 2018 BRICS summit is next the tenth annual BRICS summit, an international relations
conference attended by the heads of state or heads of government of the five-member
states Brazil, Russia, India, China and South Africa.
 The summit will be held in Johannesburg, South Africa, the second time the South Africa has
hosted the summit after the 2013 summit.
 The 2017 summit was held in Xiamen, China.

documents.
Q.22) Which of the following is a scheme to incentivize employers for generation of new
employment, where the Government of India will be paying the 8.33% EPS contribution of the
employer for the new employment?
[a] Pandit Deendayal Upadhyay Shramev Jayate Karyakram
*[b] The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)
[c] Apprenticeship Protsahan Yojna
[d] Deen Dayal Upadhyaya Grameen Kaushalya Yojana
[Marks] 1
[Difficulty] Medium
[SOLUTION]
 The PMRPY Scheme aims to incentivise employers for employment generation by the
Government paying the employers' EPS contribution of 8.33%, for the new employees, for the
first three years of their employment and is proposed to be made applicable for unemployed
persons that are semi-skilled and unskilled.
 The scheme is being implemented by the Ministry of Labour and Employment and is operational
since August, 2016.
 This scheme has a dual benefit, where, on the one hand, the employer is incentivised for
increasing the employment base of workers in the establishment, and on the other hand, a large
number of workers will find jobs in such establishments. A direct benefit is that these workers
will have access to social security benefits of the organized sector.
Duration of the scheme:

The Scheme will be in operation for a period of 3 years and the Government of India will continue to
pay the 8.33% EPS contribution to be made by the employer for the next 3 years.
That is, all new eligible employees will be covered under the PMRPY Scheme till 2019 - 20.
Q.23) In which of the following years was the National Food Security Act (NFSA) notified?
[a] 2010
*[b] 2013
[c] 2008
[d] 2009
[e] 2016
[Marks] 1
[Difficulty] Easy
[SOLUTION]
The National Food Security Act, 2013 was notified on 10th September, 2013
Objective: To provide for food and nutritional security in human life cycle approach, by ensuring access
to adequate quantity of quality food at affordable prices to people to live a life with dignity.
Salient Features of the Act:
 The Act provides for coverage of upto 75% of the rural population and upto 50% of the urban
population for receiving subsidized food grains under Targeted Public Distribution System
(TPDS), thus covering about two-thirds of the population. Of these, at least 46 percent of the
rural and 28 percent of the urban population will be designated as priority households. The rest
will be designated as general households.
 The eligible persons will be entitled to receive 5 Kgs of food grains per person per month at
subsidized prices of Rs. 3/2/1 per Kg for rice/wheat/coarse grains. These prices can be revised
after the first three years, up to the level of the minimum support price (assured price paid by
the Centre to farmers at the time it buys grains from them).
 The eldest women of the household of age 18 years or above will be the head of the household
for the purpose of issuing ration cards.
 The existing Antyodaya Anna Yojana (AAY) households, which constitute the poorest of the poor,
will continue to receive 35 Kgs of food grains per household per month. General households will
be entitled to atleast 3 kg/person/month.
 Nutritional support to women and children: Besides meal to pregnant women and lactating
mothers during pregnancy and six months after the child birth, such women will also be entitled
to receive maternity benefit of not less than Rs. 6,000. It is however restricted to two children
only.
 Children upto 14 years of age will be entitled to nutritious meals as per the prescribed
nutritional standards.
 In case of non-supply of entitled food grains or meals, the beneficiaries will receive food security
allowance.
 The Act also contains provisions for setting up of grievance redress mechanism at the District and
State levels. Separate provisions have also been made in the Act for ensuring transparency and
accountability.


Q.24) Which of the following statement(s) is/are correct with respect to the five institutions of the
World Bank Group?
1. The International Development Association (IDA): It offers loans to the world's poorest countries.
These loans come in the form of "credits," and are essentially interest-free. They offer a 10-year grace
period and hold a maturity of 35 years to 40 years.
2. The Multilateral Investment Guarantee Agency (MIGA): It supports direct foreign investment into
a country by offering security against the investment in the event of political turmoil.
3. The International Finance Corporation (IFC): One of the functions of IFC is to act as an investor in
capital markets and it helps governments privatize inefficient public enterprises.
4. The International Centre for Settlement of Investment Dispute (ICSID): It facilitates and works
towards a settlement in the event of a dispute between a foreign investor and a local country.
[a] 1, 3, 4
[b] 1, 2, 3
[c] 2 and 3
[d] 1 and 2
[e] 1, 2, 3, 4
[Marks] 1
[Difficulty] Medium
[SOLUTION]
All the statements given above are correct.


Q.25) Consider a situation where the employed people are contributing to production less than they
are capable of. What is this type of unemployment known as?
[a] Disguised unemployment
*[b] Under-employment
[c] Cyclical unemployment
[d] Frictional employment
[Marks] 1
[SOLUTION]
Under-employment:
 It is a situation under which employed people are contributing to production less than they are
capable of.
 It can be in terms of time (visible under-employment) or type of work (invisible under-
employment).
 Part-time workers come under this category.

Q.26) Who among the following is the President of the Asian Development Bank (ADB)?
[a] Jim Yong Kim
[b] Roberto Azevedo
[c] K.V.Kamath
[d] Christina Lagarde
*[e] Takehiko Nakao
[Marks] 1
[SOLUTION]
Takehiko Nakao is the President of the Asian Development Bank (ADB) and the Chairperson of ADB's
Board of Directors. He was elected President by ADB's Board of Governors and assumed office in April
2013.

documents.
Q.27) The National Sample Survey Organization (NSSO) comes under which of the following
Ministries of the Government of India?
*[a] Ministry of Statistics and Programme Implementation
[b] Ministry of Finance
[c] Ministry of Commerce and Industry
[d] Home Ministry
[Marks] 1
[SOLUTION]
NSSO:
 The National Sample Survey Office (NSSO) is headed by a Director General and comes under the
National Statistical Office of the Ministry of Statistics and Programme Implementation.
 It is responsible for conduct of large scale sample surveys in diverse fields on All India basis.
 Primarily data are collected through nation-wide household surveys on various socio-economic
subjects, Annual Survey of Industries (ASI), etc.
 Besides these surveys, NSSO collects data on rural and urban prices and plays a significant role in
the improvement of crop statistics through supervision of the area enumeration and crop
estimation surveys of the State agencies.
 It also maintains a frame of urban area units for use in sample surveys in urban areas.
Q.28) Which of the following statement(s) is/are true with respect to the employment growth in
India (as per the National Sample Survey Office)?
1. There have also been structural changes for the first time, the share of the primary sector in total
employment has dipped below the halfway mark (declined from 58.5 per cent in 2004-05 to 48.9 per
cent in 2011-12), while the share of employment in the secondary and tertiary sectors has increased.
2. Self-employment continues to dominate, with a 52.2 per cent share in total employment.
3. A cause for concern is the deceleration in the compound annual growth rate (CAGR) of employment
during 2004-05 to 2011-12 to 0.5 per cent from 2.8 per cent during 1999-2000 to 2004-05.

4. We can infer from the data that a significant share of workers is engaged in low-income generating
activities.
[a] 1, 2 and 4
[b] 2 and 4
[c] 1, 3 and 4
[d] 2 and 3
[e] 1, 2, 3 and 4
[Marks] 1
[Difficulty] Hard
[SOLUTION]
All the given statements are correct.
The employment trend in India indicate that there is a need for diversification of livelihood in rural areas
from agriculture to non-agriculture activities.

documents.
Q.29) Which of the following is not one of the committees formed for the estimation of poverty in
India?
[a] Lakdawala Committee
[b] Y K Alagh Committee
*[c] S R Hashim Committee
[d] Tendulkar Committee
[e] Rangarajan Committee
[Marks] 1
[SOLUTION]
SR Hashim Committee laid down the parameters for Automatic Inclusion, Automatic Exclusion and
parameters of deprivation that were used in the Socio-Economic Caste Census 2011.
Q.30) In which of the following places is the European Investment Bank (EIB) headquartered?

[a] Berlin
*[b] Luxembourg
[c] London
[d] France
[e] Athens
[Marks] 1
[SOLUTION]
European Investment Bank
 The European Investment Bank (EIB) is the European Union's non-profit long-term lending
institution established in 1958 under the Treaty of Rome.
 As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its
financing operations to bring about European integration and social cohesion. It should not be
confused with the European Central Bank.
 The EIB is a publicly owned international financial institution and its shareholders are the EU
member states.
 Thus the member states set the bank's broad policy goals and oversee the two independent
decision-making bodies—the board of governors and the board of directors.
 It is the world's largest international public lending institution.

Q.31) Which of the following refers to a type of unemployment which occurs when a worker is
shifting from one job to the other?
[a] Structural unemployment
[b] Chronic unemployment
*[c] Frictional unemployment
[d] Disguised unemployment
[e] Seasonal unemployment
[Marks] 1
[SOLUTION]
Frictional Unemployment:
 It occurs when a worker is shifting from one job to the other.

 During the mobility period, he may unemployed for some time.
 It is a temporary phenomenon. In other words, Frictional unemployment is the time period
between jobs when a worker is searching for, or transitioning from one job to another.

 It is sometimes called search engine and can be voluntary based on the circumstances of the
unemployed individual.

Q.32) In which of the following places is the Islamic Development Bank (IDB) headquartered?
[a] Abu Dhabi, UAE
[b] Dubai, UAE
*[c] Jeddah, Saudi Arabia
[d] Kuwait City, Kuwait
[Marks] 1
[Difficulty] Easy
[SOLUTION]
 The Islamic Development Bank (IDB) is a multilateral development financing institution located
in Jeddah, Saudi Arabia.
 It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic
Conference (now called the Organisation of Islamic Cooperation) with the support of the king of
Saudi Arabia at the time, and began its activities on 20 October 1975. There are 56 shareholding
member states.
 On the 22 May 2013, IDB tripled its authorized capital to $150 billion to better serve Muslims in
member and non-member countries. The Bank has received credit ratings of AAA from Standard
& Poor's, Moody's and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital.
The IDB is an observer at the United Nations General Assembly.

Q.33) Which of the following statement(s) is/are correct regarding the ‘Pradhan Mantri Yuva
Yojana’ scheme?
1. PMYY is MSDE’s (Ministry of Skill Development and Entrepreneurship) flagship scheme on
entrepreneurship education and training.
2. The scheme was launched to scale up an ecosystem of entrepreneurship for youngsters on 10th
November, 2016.
3. The scheme spans over four years (2016-17 to 2019-20).
4. The scheme is launched in collaboration with the Ministry of Micro, Small and Medium Enterprises.
[a] 1, 2, 4
[b] Only 1
*[c] 1 and 2
[d] 1, 2, 3
[e] 1 and 3
[Marks] 1
[Difficulty] Medium
[SOLUTION]
Statements 3 and 4 are incorrect.
The scheme spans over five years (2016-17 to 2020-21).
 It will provide entrepreneurship education and training to over 7 lakh students in 5 years
through 3,050 institutes.
 It will provide easy access to information and mentor network, incubator, credit and accelerator
and advocacy to create a pathway for the youth.
 The institutes under the PMYY include 2,200 institutes of higher learning (colleges, universities,
and premier institutes), 500 ITIs, 300 schools and 50 entrepreneurship development centres
through Massive Open Online Courses (MOOCs).
Q.34) What is India’s rank among 119 nations in the GHI 2017?
[a] 97
[b] 116
*[c] 100
[d] 95
[e] 92
[Marks] 1
[Difficulty] Easy
[SOLUTION]
 India has been ranked No. 100 among 119 nations on the Global Hunger Index (2017) and had
slipped 3 levels since last year from 97th.
 GHI scores are given on a 100-point scale, where 0 is the best score (no hunger) and 100 is the
worst.
 A value of 0 would mean that a country had no undernourished people in the population, no
children younger than five who were wasted or stunted, and no children who died before their
fifth birthday.

 A value of 100 would signify that a country’s undernourishment, child wasting, child stunting,
and child mortality levels were each at approximately the highest levels observed worldwide in
recent decades.
GHI Severity Scale:
India’s score:
• In 2017 GHI, India scored 31.4 and was placed in high end of “serious” category. India low ranking
also influences South Asia’s regional score as three quarters of South Asia’s population reside in
India.
• India’s poor performance should have set off alarm bells, considering that our fall since 2014 is a
dramatic 45 points in 3 years — down from 55th to 100th rank.
documents.
Q.35) When is the World Youth Skills Day celebrated?

[a] 15th November
[b] 15th December
*[c] 15th July
[d] 15th August
[e] 15th April
[Marks] 1
[Difficulty] Easy

[SOLUTION]
 World Youth Skills Day that annually falls on July 15 is one of new UN International Days of
observance. It was established by the UN General Assembly on November 11, 2014.
 Observance of the day aims to create more awareness on training and the development of skills
for the youth of today and also create better employment opportunities for the youth.
 The Government of India launched the Skill India Mission on this day in July, 2015.

[Section] Section – 2- 2 marks

I.1) The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-
depth assessment of a country’s financial sector. FSAPs analyze the resilience of the financial sector,
the quality of the regulatory and supervisory framework, and the capacity to manage and resolve
financial crises. Based on its findings, FSAPs produce recommendations of a micro- and macro-
prudential nature, tailored to country-specific circumstances.
At the end of each FSAP mission, teams leave a detailed and comprehensive Aide Memoire with
national authorities, which is confidential. FSAPs conclude with the preparation of a Financial System
Stability Assessment (FSSA), which focuses on issues of relevance to IMF surveillance and is discussed
at the IMF Executive Board together with the country’s Article IV report.
Q.1) In developing and the emergent market economies, FSAPs (Financial Sector Assessment
Program) are conducted by the IMF jointly with which of the following International Financial
Institutions/Agencies?
*[a] The World Bank
[b] ADB
[c] AIIB
[d] The Finance Ministries of the respective countries
[e] The Central Bank of the respective countries
[Marks] 2
[Negative Marks] .5
[Difficulty] Medium
[SOLUTION]
 In developing and emerging market countries, FSAPs are conducted jointly with the World
Bank.
 In these countries, FSAP assessments include two components: a financial stability assessment,
which is the responsibility of the Fund, and a financial development assessment, which is the
responsibility of the World Bank.
 In jurisdictions with financial sectors deemed by the International Monetary Fund to be
systemically important, financial stability assessments under the FSAP are a mandatory and are
supposed to take place every five years; for all other jurisdictions, participation in the program
is voluntary.
 Last FSAP for India was conducted in 2011-12 and the report was published by IMF in January
2013.
Q.2) Which of the following statement(s) is/are incorrect with regard to the International Monetary
Fund (IMF)?
[a] In the IMF, each member country has equal voting rights and it follows ‘One Country, One Vote’
principle.
[b] Only the developed countries are eligible to be the members of the IMF.
[c] IMF is responsible for the creation and maintenance of the international monetary system and it
does not offer financial assistance.
*[d] All the above
[Marks] 2
[Negative Marks] .5
[Difficulty] Hard
[SOLUTION]
All the above given statements are incorrect.
Option [a]: The IMF gets its money from quota subscriptions paid by member states. The size of each
quota is determined by how much each government can pay according to the size of its economy. The
quota in turn determines the weight each country has within the IMF - and hence its voting rights - as
well as how much financing it can receive from the IMF.
The table given below shows the quota and voting shares of the IMF members:

Option [b]: Membership of the IMF is open to any country that conducts foreign policy and accepts the
organization's statutes.
Option [c]: The IMF is responsible for the creation and maintenance of the international monetary
system, the system by which international payments among countries take place.
To achieve these goals, the IMF focuses and advises on the macroeconomic policies of a country, which
affect its exchange rate and its government's budget, money and credit management.
In addition, as a fund, it may offer financial assistance to nations in need of correcting balance of
payments discrepancies (a country may ask for financial assistance if it finds itself in an economic crisis,
whether caused by a sudden shock to its economy or poor macroeconomic planning).

Q.3) The recent IMF reforms which became effective from December 2015 has led to an increase in
India’s voting rights from 2.3% to?
[a] 3%
[b] 2.9%
*[c] 2.6%
[d] 2.4%
[e] 3.3%
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
 The reforms were agreed upon by the 188 members of the IMF in 2010 in the aftermath of the
global financial meltdown.
 However, there implementations were delayed due to the time taken by the US Congress to
approve the changes.
 But, were finally approved by the US Congress in December 2015, thus making them finally
effective.
Following were the key changes:

 India’s voting rights increased by 0.3% from the current 2.3% to 2.6%. China’s voting rights
increased by 2.2% from current 3.8% to 6 %.
 US’s quota share dropped from 16.7 per cent to 16.5 per cent but it will retain its veto power.
 China will have the 3rd largest IMF quota and voting share after the US and Japan. While, India,
Russia and Brazil will also be among the top 10 members of the IMF.
 Under the reform, for the first time IMF’s Executive Board will consist entirely of elected
Executive Directors and it ends the category of appointed Executive Directors.


documents.
Q.4) The FSAP 2017 assessment report acknowledges that India has recorded strong growth in
recent years in both economic activity and financial assets.
It has acknowledged many efforts by Indian authorities like the ‘passing of Insolvency and
Bankruptcy Code’ and ‘setting up of Insolvency and Bankruptcy Board of India (IBBI)’.
The ‘Insolvency and Bankruptcy Code’ came into force in India in which of the following years?
[a] 2013
*[b] 2016
[c] 2014
[d] 2001
[e] 2006
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy

[SOLUTION]
 The Insolvency and Bankruptcy Code was enacted in 2016 to find a time-bound resolution for
ailing and sick firms, either through closure or revival, while protecting the interests of creditors.
 It was brought to reduce the delay in resolution of insolvency and bankruptcy due to multiplicity
of laws - Companies Act, SARFAESI Act, Sick Industrial Companies Act, and so on.
 A successful completion of the resolution process was expected to aid in reducing rising bad loans
in the banking system.
I.5) The Asian Development Bank (ADB) in its Asian Development Outlook (ADO) December 2017
update has lowered India’s GDP forecast for the current fiscal by 0.3% to 6.7 %, attributing it to tepid
growth in the first half, demonetisation and transitory challenges of tax sector reforms.
It has also revised downward the gross domestic product (GDP) outlook for next fiscal beginning from
March 2018 to 7.3% from 7.4% mainly due to rising global crude oil prices and soft growth in private
sector investment.
However, ADO supplement expects growth to pick up in remaining two quarters of 2017-18 as the
government is implementing measures to ease compliance with the new Goods and Services Tax (GST)
as well as bank recapitalisation.
Q.5) Where is the Asian Development Bank headquartered?
*[a] Manila
[b] Geneva
[c] Vienna
[d] New York
[e] Washington, D.C
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
 The Asian Development Bank (ADB) is a regional development bank established on 19 December
1966, which is headquartered in the Ortigas Center located in Mandaluyong, Metro Manila,
Philippines.
 From 31 members at its establishment, ADB now has 67 members, of which 48 are from within
Asia and the Pacific and 19 outside.
 The ADB defines itself as a social development organization that is dedicated to reducing poverty
in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth,
and regional integration.
 This is carried out through investments – in the form of loans, grants and information sharing –
in infrastructure, health care services, financial and public administration systems, helping

nations prepare for the impact of climate change or better manage their natural resources, as
well as other areas.

Q.6) Which of the following countries hold the largest proportion of shares in the Asian
Development Bank?
[a] China
*[b] Japan
[c] United States of America
[d] India
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
 At the end of 2014, Japan holds the largest proportion of shares at 15.7%. The United States
holds 15.6%, China holds 6.5%, India holds 6.4%, and Australia holds 5.8%.
 The ADB was modelled closely on the World Bank, and has a similar weighted voting system
where votes are distributed in proportion with members' capital subscriptions.
 The president has a term of office lasting five years, and may be re-elected. Traditionally, and
because Japan is one of the largest shareholders of the bank, the president has always been
Japanese.

documents.
I.7) The government plans to use the Socio Economic and Caste Census 2011 data to identify individual
beneficiaries for all its schemes to ensure that benefits meant for the deprived population reach the
right people.
Presently, only the rural development ministry and a few departments use the Socio Economic and
Caste Census (SECC) data for their programmes. The note being prepared by the rural development
ministry would suggest the use of SECC data for all schemes including the National Food Security Act
and health programmes.

Besides the rural development ministry, some departments including health and electricity have
shown inclination to use SECC data instead of the poverty line estimates.
Q.7) Which of the following statement(s) is/are incorrect regarding the Socio-Economic Caste
Census 2011?
*[a] SECC 2011 is the second caste based Census of Independent India.
[b] SECC 2011 is a study of socio economic status of rural and urban households and allows ranking of
households based on predefined parameters.
[c] The purpose of the SECC 2011 is to help in the preparation of the BPL List and in the identification
of beneficiaries for welfare schemes.
[d] All the above
[Marks] 2
[Negative Marks] .5
[Difficulty] Medium
[SOLUTION]
 The first statement is incorrect as the SECC 2011 is the first Caste based census of the
Independent India.
 Earlier, caste based data was collected in 1931 Census.
 The Ministry of Rural Development commenced the Socio Economic and Caste Census (SECC) in
June 2011 through a comprehensive door to door enumeration across the country.
 This is the first time such a comprehensive exercise has been carried out for both rural and urban
India.
Why this SECC?
 We see that the current definition of poverty which was derived by identifying a basket of
essential goods and services and marking the point in India’s income distribution where that
basket could be purchased by an individual, was not comprehensive and was missing too much.
 For one, the numbers seemed absurdly low — set at Rs.816 per person per month in rural areas
and Rs. 1,000 in urban areas by the Planning Commission by updating the Tendulkar
methodology, the numbers amounted to a daily expenditure of around Rs.30, which caused
public indignation.
 A new committee was formed which drew a new line, but the Rangarajan methodology too
wound up at a poverty line not very different from the Tendulkar line.
 So, a broader and more dynamic definition of poverty seemed important.
Q.8) SECC uses certain parameters that is, 14 parameters of Automatic Exclusion, 5 parameters of
Automatic inclusion and grading of deprivation on the basis of seven criteria to identify the people
below poverty line. These parameters have been laid down by which of the following committees?
[a] Rangarajan Committee

*[b] S R Hashim Committee
[c] Tendulkar Committee
[d] Arvind Mayaram Committee
[e] Arvind Subramaniam Committee
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
SECC uses the parameters laid down by the S R Hashim committee appointed by the erstwhile Planning
Commission of India i.e., automatic exclusion on the basis of 14 parameters, automatic inclusion on
the basis of 5 parameters and grading of deprivation on the basis of seven criteria.

Q.9) Which of the following Ministries/Agencies/Organizations has conducted the SECC 2011?
[a] National Sample Survey Organization
*[b] Ministry of Rural Development
[c] Census Commissioner
[d] CSO
[Marks] 2
[Negative Marks] .5
[SOLUTION]
 The Ministry of Rural Development commenced the Socio Economic and Caste Census (SECC) in
June 2011 through a comprehensive door to door enumeration across the country.
 SECC 2011 has three census components which were conducted by three separate authorities
but under the overall coordination of Department of Rural Development in the Government of
India.
 Census in Rural Area has been conducted by the Department of Rural Development (DoRD).
 Census in Urban areas is under the administrative jurisdiction of the Ministry of Housing and
Urban Poverty Alleviation (MoHUPA) (Now known as the Ministry of Housing and Urban Affairs).
 Caste Census is under the administrative control of Ministry of Home Affairs: Registrar General
of India (RGI) and Census Commissioner of India (CCI).
Criticism: Experts have criticised conduction of the census by the ministry of rural development (MRD)
rather than by the Registrar General, Census, or by the NSS. Both organisations have been doing
survey/census work for the last sixty-five years; MRD is rather late in this game, and is prone to political
compulsions rather than act as an objective, quasi-academic unit.

I.10) According to Census 2011, India has 55 million potential workers between the ages of 15 and 35
years in rural areas. At the same time, the world is expected to face a shortage of 57 million workers
by 2020. This presents a historic opportunity for India to transform its demographic surplus into a
demographic dividend.
In order to reap this demographic dividend and to drive this national agenda for inclusive growth, by
developing skills and productive capacity of the rural youth from poor families, the Ministry of Rural
Development is implementing a scheme. The scheme was launched in September, 2014.
There are several challenges preventing India’s rural poor from competing in the modern market, such
as the lack of formal education and marketable skills. This scheme bridges this gap by funding training
projects benchmarked to global standards, with an emphasis on placement, retention, career
progression and foreign placement.
Q.10) The given passage describes which of the following schemes?
[a] Swavalamban
[b] Pradhan Mantri Rojgar Protsahan Yojana
*[c] Deen Dayal Upadhyaya Grameen Kaushalya Yojana
[d] The Apprentice Protsahan Yojana
[e] Pandit Deendayal Upadhyay Shramev Jayate Karyakram
[Marks] 2
[Negative Marks] .5
[Difficulty] Medium
[SOLUTION]
 The Ministry of Rural Development implements Deen Dayal Upadhyaya Grameen Kaushalya
Yojana for developing skills and productive capacity of the rural youth from poor families.
 DDU-GKY follows a 3-tier implementation model. The DDU-GKY National Unit at MoRD functions
as the policy-making, technical support and facilitation agency.
 The DDU-GKY State Missions provide implementation support; and the Project Implementing
Agencies (PIAs) implement the programme through skilling and placement projects.

Q.11) What is the eligibility criteria for receiving skill based training under ‘Deen Dayal Upadhyaya
Grameen Kaushalya Yojana’?
[a] Rural Youth in the age group 20-35 Years and upto 45 Years in case of SC/ST/Women
[b] Rural Youth in the age group 15-35 Years and upto 40 Years in case of SC/ST/Women
[c] Rural Youth in the age group 15-35 Years and upto 38 Years in case of SC/ST/Women
*[d] Rural Youth in the age group 15-35 Years and upto 45 Years in case of SC/ST/Women
[e] Rural Youth in the age group 15-40 Years and upto 45 Years in case of SC/ST/Women
[Marks] 2
[Negative Marks] .5
[Difficulty] Medium
[SOLUTION]
The eligibility for this scheme is Rural Youth in the age group of 15-35 Years and upto 45 Years in case of
SC/ST/Women/PWD.

Q.12) Which of the following programs provides training-cum-placement for unemployed youth in
Jammu and Kashmir?
*[a] HIMAYAT
[b] ROSHINI
[c] URJA
[d] HIMMAT
[e] HOUSLA
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
 Himayat is a training-cum-placement programme for unemployed youth in Jammu and Kashmir.
 Youth will be provided short-term training for at least 3 months, in a range of skills for which
there is good demand.
 At the end of the training, the youth are assured of a job and there is one-year post-placement
tracking to see how they are faring.
Who runs the programme?
 The programme has been developed and initiated by the Ministry of Rural Development.
 Himayat will be implemented by private companies or NGOs who will conduct the training and
will be responsible for placement of youth.
Who is eligible?
To be eligible for this scheme one must be:
• Any youth from J&K between the age of 18-35
• School/ college drop-outs will be given priority.
I.13) The Prime Minister’s Employment Generation Programme (PMEGP) is a programme to generate
continuous and sustainable employment opportunities in rural and urban areas. It does so through
setting up of new self-employment ventures/projects/micro enterprises.
It has the objectives of bringing together widely dispersed traditional artisans/ rural and urban
unemployed youth and give them self-employment opportunities to the extent possible, at their place
and to provide sustainable employment to a large segment of traditional and prospective artisans and
rural and urban unemployed youth in the country, so as to help arrest migration of rural youth to
urban areas.
Q.13) In which of the following years was the Prime Minister’s Employment Generation Programme
(PMEGP) announced?
[a] 2010
*[b] 2008
[c] 2015
[d] 2014
[e] 2009
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
 PMEGP was announced on 15 August 2008.
 Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister’s
Employment Generation Programme (PMEGP), which is a major credit-linked subsidy
programme, aimed at generating self-employment opportunities through establishment of
micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.
 Khadi and Village Industries Commission (KVIC) is the nodal agency at the national level.

 At the State/District level, State offices of KVIC, KVIBs and District Industry Centres(DIC) are the
implementing agencies in the States in the ratio of 30:30:40.
Q.14) PMEGP was introduced by merging the two schemes that were in operation till 31.03.2008.
What were the two schemes?
[a] Prime Minister's Rojgar Yojana (PMRY) and Swarnjayanti Gram Swarojgaar Yojana
[b] Rural Employment Generation Programme (REGP) and Swarna Jayanti Shahari Rojgaar Yojana
*[c] Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP)
[d] Rural Employment Generation Programme (REGP) and Swarnjayanti Gram Swarojgaar Yojana
[e] Prime Minister's Rojgar Yojana (PMRY) and Swarna Jayanti Shahari Rojgaar Yojana
[Marks] 2
[Negative Marks] .5
[Difficulty] Hard
[SOLUTION]
The Government of India had introduced a new credit linked subsidy programme called Prime
Minister's Employment Generation Programme (PMEGP) by merging the two schemes that were in
operation till 31.03.2008, namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment
Generation Programme (REGP) for generation of employment opportunities through establishment of
micro enterprises in rural as well as urban areas.
Who are eligible to apply?
 Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs.10
lakh in the manufacturing sector and above Rs.5 lakh in the business / service sector.
 The maximum cost of projects is Rs. 25 lakhs in the manufacturing sector and Rs. 10 lakhs in
the service sector.
 Only new projects are considered for sanction under PMEGP.
 Self Help Groups (including those belonging to BPL provided that they have not availed benefits
under any other Scheme), Institutions registered under Societies Registration Act,1860;
Production Co-operative Societies, and Charitable Trusts are also eligible.
 Existing Units (under PMRY, REGP or any other scheme of Government of India or State
Government) and the units that have already availed Government Subsidy under any other
scheme of Government of India or State Government are NOT eligible.
Q.15) Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister’s
Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme,
aimed at generating self-employment opportunities through establishment of micro-enterprises in
the non-farm sector by helping traditional artisans and unemployed youth.
As per the MSME Development Act, 2006, a manufacturing micro-enterprise is defined as an

enterprise having an investment in plant and machinery upto?
[a] Rs.10 lakhs
[b] Rs.12 lakhs
*[c] Rs.25 lakhs
[d] Rs.20 lakhs
[e] Rs.50 lakhs
[Marks] 2
[Negative Marks] .5
[Difficulty] Easy
[SOLUTION]
What is MSME?


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