Skill Loan Scheme UPSC MCQs PDF

Statement-Based MCQs on Model Skill Loan Scheme 1. Consider the following statements about the Model Skill Loan Scheme: - The scheme provides financial assistance to students for pursuing skill development courses. - Loans under the scheme are collateral-free. Which of the statements given above...

Statement-Based MCQs on Model Skill Loan Scheme 1. Consider the following statements about the Model Skill Loan Scheme: - The scheme provides financial assistance to students for pursuing skill development courses. - Loans under the scheme are collateral-free. Which of the statements given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: C 2. Consider the following statements regarding eligibility under the Model Skill Loan Scheme: - Students enrolled in any course lasting more than 6 months are eligible for loans. - The scheme is only available for students from economically weaker sections. Which of the statements given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: A 3. Which of the following statements is/are correct about the repayment of loans under the Model Skill Loan Scheme? - The maximum repayment period under the scheme is 7 years. - A moratorium period of 1 year after the completion of the course is provided. Select the correct answer using the code given below: A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: C 4. Consider the following statements: - The interest rate for loans under the scheme is fixed by the government. - There is an interest subsidy provision for economically weaker sections during the moratorium period. Which of the above statements is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: B 5. Which of the following statements is correct about the Model Skill Loan Scheme? - The loan can be used for living expenses during the course. - The loan is limited to students attending government-recognized skill development institutions only. Select the correct answer using the code given below: A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: C 6. Consider the following statements about the Model Skill Loan Scheme: - The scheme is designed for students seeking loans for vocational and skill development courses. - The loan amount under the scheme ranges from Rs 5,000 to Rs 1,00,000. Which of the statements given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: A 7. Which of the following are features of the Model Skill Loan Scheme? - Loans are collateral-free. - The scheme is available to individuals aged up to 35 years. Select the correct answer using the code given below: A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: A 8. Consider the following statements: - The National Skill Development Corporation (NSDC) provides financial support to banks under the Model Skill Loan Scheme. - There is no margin requirement for loans under the scheme. Which of the above statements is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: C 9. Consider the following statements regarding the Model Skill Loan Scheme: - Only courses that are a minimum of 6 months in duration are eligible for loans. - Loans under the scheme are available for both short-term and long-term skill development courses. Which of the statements given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: B 10. Which of the following statements is/are correct about the target beneficiaries of the Model Skill Loan Scheme? - The scheme is designed for rural youth and economically weaker sections. - The scheme has no age limit for applicants. Select the correct answer using the code given below: A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 Answer: C