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Questions and Answers
What is the Directorate General of Training (DGT) responsible for?
When was the Craftsmen Training Scheme initiated?
When does the admission to various trades of ITI/ITC usually take place?
What is the prerequisite for some of the courses under the Craftsmen Training Scheme?
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How are admissions in ITIs made according to NCVT guidelines?
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What does microeconomics primarily analyze?
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What is the distinction between positive economics and normative economics?
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Where can economic analysis be applied in society?
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What does macroeconomics primarily analyze?
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Apart from business and finance, in which other field can economic analysis be applied?
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Study Notes
Directorate General of Training (DGT)
- Responsible for implementing training programs in vocational skill development.
- Oversees the Craftsmen Training Scheme and various industrial training institutes (ITIs).
Craftsmen Training Scheme
- Initiated in 1950 to promote skill development among the workforce.
- Aimed at enhancing employability and technical skills.
Admission to ITIs/ITCs
- Typically takes place in the months of June to July.
- Varies annually based on academic calendar and state regulations.
Prerequisite for Craftsmen Training Scheme
- Requires specific educational qualifications, such as completing secondary education for certain courses.
Admissions in ITIs
- Conducted according to guidelines set by the National Council for Vocational Training (NCVT).
- Emphasizes merit-based selection and, in some instances, entrance tests.
Microeconomics
- Primarily analyzes individual economic agents and their behaviors.
- Focuses on the dynamics of supply and demand, pricing, and consumer choice.
Positive vs. Normative Economics
- Positive economics deals with objective analysis and factual statements about economic behaviors.
- Normative economics involves subjective judgments and opinions regarding what the economy should be like.
Application of Economic Analysis
- Can be applied in various societal aspects including public policy, healthcare, education, and labor markets.
- Utilized for making informed decisions in both public and private sectors.
Macroeconomics
- Primarily analyzes the economy as a whole, focusing on aggregate indicators such as GDP, unemployment rates, and inflation.
Other Fields of Economic Analysis
- Apart from business and finance, economic analysis can be applied in areas like environmental policy, healthcare systems, and urban development.
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Description
Test your knowledge on the Craftsmen Training Scheme (CTS) and other training programs offered by Industrial Training Institutes (ITI) and Industrial Training Centers (ITC) in India. Learn about the qualifications and post-secondary education provided under the Directorate General of Training (DGT), Ministry of Skill Development and Entrepreneurship.
