1. With reference to ‘Financial Stability and Development Council’, consider the following statements : 
 

1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macroprudential supervision of the economy.


Which of the statements given above is/are correct?





Answer & Solution

Answer:

2 and 3 only 

2. Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct? 
 

1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
2. Only one member of a family can join the scheme.
3. Same amount of pension is guaranteed for the spouse for life after subscriber’s death.

 

Select the correct answer using the code given below.





Answer & Solution

Answer:

1 and 3 only

3. With reference to ‘Stand up India scheme’, which of the following statement is/are correct? 
 

1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.

 

Select the correct answer using the code given below.





Answer & Solution

Answer:

Both 1 and 2

4. Pradhan Mantri MUDRA Yojana is aimed at 





Answer & Solution

Answer:

bringing the small entrepreneurs into formal financial system

5. Which one of the following is a purpose of ‘UDAY’, a scheme of the Government? 





Answer & Solution

Answer:

Providing for financial turnaround and revival of power distribution companies