Vocational Financial Aid

Description: This quiz aims to assess your knowledge about the various financial aid options available for vocational education in India.
Number of Questions: 15
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Tags: vocational education financial aid scholarships grants loans
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Which government scheme provides financial assistance to economically weaker sections for pursuing vocational courses?

  1. Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

  2. Skill India Mission

  3. National Skill Development Corporation (NSDC)

  4. Jan Shikshan Sansthan (JSS)


Correct Option: A
Explanation:

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a flagship scheme of the Government of India that aims to provide financial assistance to economically weaker sections for pursuing skill development courses, including vocational courses.

What is the objective of the Skill India Mission?

  1. To provide financial aid to students pursuing vocational courses

  2. To create a skilled workforce in India

  3. To promote entrepreneurship among youth

  4. To enhance the employability of individuals


Correct Option: B
Explanation:

The Skill India Mission is a national initiative launched by the Government of India in 2015 with the aim of creating a skilled workforce in India and enhancing the employability of individuals.

Which organization is responsible for implementing the National Skill Development Mission?

  1. Ministry of Skill Development and Entrepreneurship (MSDE)

  2. National Skill Development Corporation (NSDC)

  3. Skill India Mission

  4. Pradhan Mantri Kaushal Vikas Yojana (PMKVY)


Correct Option: B
Explanation:

The National Skill Development Corporation (NSDC) is a public-private partnership organization that is responsible for implementing the National Skill Development Mission.

What is the main focus of the Jan Shikshan Sansthan (JSS)?

  1. Providing vocational training to individuals

  2. Offering skill development courses to youth

  3. Promoting adult education and literacy

  4. Supporting entrepreneurship among marginalized communities


Correct Option: C
Explanation:

The Jan Shikshan Sansthan (JSS) is a network of adult education centers that aims to promote adult education and literacy in India.

Which scholarship scheme is specifically designed for students from economically weaker sections pursuing vocational courses?

  1. National Scholarship Scheme for Students from Economically Weaker Sections (NSS-EWS)

  2. Post-Matric Scholarship Scheme for Minorities (PMS-Minorities)

  3. Central Sector Scholarship Scheme for SC/ST Students (CSS-SC/ST)

  4. Merit-cum-Means Scholarship Scheme for Vocational Courses (MCM-Vocational)


Correct Option: D
Explanation:

The Merit-cum-Means Scholarship Scheme for Vocational Courses (MCM-Vocational) is a scholarship scheme specifically designed for students from economically weaker sections pursuing vocational courses.

What is the eligibility criterion for the National Scholarship Scheme for Students from Economically Weaker Sections (NSS-EWS)?

  1. Annual family income should be below Rs. 1 lakh

  2. Students should have secured at least 60% marks in the qualifying examination

  3. Students should be pursuing a recognized vocational course

  4. All of the above


Correct Option: D
Explanation:

To be eligible for the National Scholarship Scheme for Students from Economically Weaker Sections (NSS-EWS), students must meet all of the following criteria: annual family income should be below Rs. 1 lakh, students should have secured at least 60% marks in the qualifying examination, and students should be pursuing a recognized vocational course.

Which government scheme provides interest subsidy on loans taken for pursuing vocational courses?

  1. Pradhan Mantri Mudra Yojana (PMMY)

  2. Stand-Up India Scheme

  3. Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFMSE)

  4. National Skill Development Fund (NSDF)


Correct Option: A
Explanation:

The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme that provides interest subsidy on loans taken by micro and small enterprises, including those pursuing vocational courses.

What is the maximum loan amount that can be availed under the Stand-Up India Scheme?

  1. Rs. 1 lakh

  2. Rs. 10 lakh

  3. Rs. 25 lakh

  4. Rs. 50 lakh


Correct Option: B
Explanation:

Under the Stand-Up India Scheme, women entrepreneurs and individuals from Scheduled Castes and Scheduled Tribes can avail loans up to Rs. 10 lakh.

Which organization provides credit guarantee to banks and financial institutions for loans given to micro and small enterprises?

  1. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

  2. National Credit Guarantee Agency (NCGA)

  3. Small Industries Development Bank of India (SIDBI)

  4. National Bank for Agriculture and Rural Development (NABARD)


Correct Option: A
Explanation:

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides credit guarantee to banks and financial institutions for loans given to micro and small enterprises, including those pursuing vocational courses.

What is the main objective of the National Skill Development Fund (NSDF)?

  1. To provide financial assistance to vocational training providers

  2. To promote skill development initiatives in India

  3. To support research and development in the field of skill development

  4. To create a skilled workforce in India


Correct Option: B
Explanation:

The National Skill Development Fund (NSDF) is a non-profit organization that aims to promote skill development initiatives in India by providing financial assistance to vocational training providers, supporting research and development in the field of skill development, and creating a skilled workforce in India.

Which government scheme provides financial assistance to individuals for skill development training?

  1. Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

  2. Skill India Mission

  3. National Skill Development Corporation (NSDC)

  4. Jan Shikshan Sansthan (JSS)


Correct Option: A
Explanation:

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a government scheme that provides financial assistance to individuals for skill development training in various sectors, including vocational courses.

What is the eligibility criterion for the Skill India Mission?

  1. Individuals should be between the age of 15 and 35 years

  2. Individuals should have passed Class 10 or equivalent

  3. Individuals should be unemployed or underemployed

  4. All of the above


Correct Option: D
Explanation:

To be eligible for the Skill India Mission, individuals must meet all of the following criteria: individuals should be between the age of 15 and 35 years, individuals should have passed Class 10 or equivalent, and individuals should be unemployed or underemployed.

Which organization is responsible for implementing the National Skill Development Mission?

  1. Ministry of Skill Development and Entrepreneurship (MSDE)

  2. National Skill Development Corporation (NSDC)

  3. Skill India Mission

  4. Pradhan Mantri Kaushal Vikas Yojana (PMKVY)


Correct Option: B
Explanation:

The National Skill Development Corporation (NSDC) is a public-private partnership organization that is responsible for implementing the National Skill Development Mission.

What is the main focus of the Jan Shikshan Sansthan (JSS)?

  1. Providing vocational training to individuals

  2. Offering skill development courses to youth

  3. Promoting adult education and literacy

  4. Supporting entrepreneurship among marginalized communities


Correct Option: C
Explanation:

The Jan Shikshan Sansthan (JSS) is a network of adult education centers that aims to promote adult education and literacy in India.

Which scholarship scheme is specifically designed for students from economically weaker sections pursuing vocational courses?

  1. National Scholarship Scheme for Students from Economically Weaker Sections (NSS-EWS)

  2. Post-Matric Scholarship Scheme for Minorities (PMS-Minorities)

  3. Central Sector Scholarship Scheme for SC/ST Students (CSS-SC/ST)

  4. Merit-cum-Means Scholarship Scheme for Vocational Courses (MCM-Vocational)


Correct Option: D
Explanation:

The Merit-cum-Means Scholarship Scheme for Vocational Courses (MCM-Vocational) is a scholarship scheme specifically designed for students from economically weaker sections pursuing vocational courses.

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