MCQ
Lakhpati Didi Yojana MCQ - Practice Questions with Answers
Solve 5 Lakhpati Didi Yojana questions for RAS/RPSC preparation.
Practice questions
Q1What income condition identifies a woman self-help-group member as a Lakhpati Didi?
Option B is correct. A Lakhpati Didi is a self-help-group member whose annual household income is above ₹1,00,000, while average monthly income is at least ₹10,000 and remains sustained for at least 4 agricultural seasons and/or 4 business cycles.
Q2Which one of the following is NOT one of the four official strategy areas for enabling Lakhpati Didis?
Option D is the incorrect strategy and therefore the answer. The four areas are livelihood deepening and expansion; timely support through assets, skills, finance and markets; convergence and partnerships; and training and capacity building. A universal one-time cash grant is not part of this framework.
Q3Consider the following statements about identifying and monitoring potential Lakhpati Didis: 1. Suggested identification criteria include at least 2 years in a self-help group, access to the Community Investment Fund, participation in a mission livelihood intervention and at least 2 livelihood activities. 2. Livelihood activities and income are recorded periodically in the Digital Aajeevika Register, linked to 6-month intervals, agricultural seasons or completion of business cycles. Which of the statements is/are correct?
Option C is correct. The suggested identification screen combines 2 years of self-help-group membership, Community Investment Fund access, a mission livelihood intervention and at least 2 livelihood activities. Monitoring then records activities and income periodically in the Digital Aajeevika Register, including a 6-month or business-cycle basis.
Q4Match List I with List II and select the correct code. List I (support): 1. Revolving Fund; 2. Community Investment Fund; 3. Collateral-free bank loan; 4. Interest subvention. List II (limit or condition): a. ₹20,000-₹30,000 per eligible self-help group; b. up to ₹2.50 lakh per self-help group; c. up to ₹20 lakh per self-help group; d. difference between the bank lending rate and 7% on credit up to ₹3 lakh.
Option A is correct. The Revolving Fund is ₹20,000-₹30,000 per eligible self-help group; the Community Investment Fund is capped at ₹2.50 lakh per group; collateral-free bank lending reaches ₹20 lakh per group; and interest subvention covers the difference between the lending rate and 7% on credit up to ₹3 lakh.
Q5Which statement best describes the institutional status and funding of the Lakhpati Didi initiative?
Option A is correct. The initiative is an outcome of DAY-NRLM implemented by the Ministry of Rural Development. Training, capacity building and financial support are financed through DAY-NRLM, bank linkage and converged schemes; no separate Lakhpati Didi budget is allocated.
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