MCQ
Mukhyamantri Vishesh Yogyajan Swarojgar Yojana MCQ - Practice Questions with Answers
Solve 5 Mukhyamantri Vishesh Yogyajan Swarojgar Yojana questions for RAS/RPSC preparation.
Practice questions
Q1What is the maximum bank loan facilitated for an approved self-employment activity under Mukhyamantri Vishesh Yogyajan Swarojgar Yojana?
The scheme facilitates a bank loan of up to ₹5,00,000 for an approved self-employment activity. This must be distinguished from the ₹50,000 maximum subsidy and the ₹2,00,000 combined annual-income ceiling used for eligibility.
Q2Consider the following statements from the CAG's 2023 examination of Mukhyamantri Vishesh Yogyajan Swarojgar Yojana: 1. Subsidy aggregating to ₹21.21 lakh was released in 65 cases without ascertaining actual disbursement of the full loan. 2. Irregular subsidy aggregating to ₹5.00 lakh was released in 10 cases involving beneficiaries above the 55-year age ceiling. 3. The prescribed subsidy was ₹50,000 or 50% of the loan amount, whichever was higher. Which of the statements given above are correct?
Statements 1 and 2 reproduce the CAG findings: ₹21.21 lakh was released in 65 cases without confirming full loan disbursement, and ₹5.00 lakh was irregularly released in 10 over-age cases. Statement 3 is false because the subsidy is 50% of the loan or ₹50,000, whichever is lower.
Q3A bank sanctions a loan of ₹80,000 under Mukhyamantri Vishesh Yogyajan Swarojgar Yojana. Applying the prescribed formula, what state subsidy is payable?
The subsidy equals 50% of the loan or ₹50,000, whichever is lower. Half of ₹80,000 is ₹40,000, which is below the ₹50,000 cap. Therefore, the payable subsidy is ₹40,000, not the maximum cap automatically.
Q4Consider the following statements from the CAG's 2023 examination of Mukhyamantri Vishesh Yogyajan Swarojgar Yojana: 1. The prescribed 5% interest-rate rebate was not provided in all test-checked districts during 2016-21 to beneficiaries who repaid loan instalments on time. 2. The CAG found that the second subsidy instalment was not disbursed or was delayed in 457 cases, with delays ranging from 2 to 36 months where they occurred. Which of the statements given above is/are correct?
Both statements are correct. The CAG reported that the prescribed 5% interest rebate was not provided in the test-checked districts during 2016-21. It also found 457 cases in which the second subsidy instalment was missing or delayed, with delays of 2 to 36 months.
Q5Which one of the following correctly states both the age band and the combined annual-income ceiling for an applicant under Mukhyamantri Vishesh Yogyajan Swarojgar Yojana?
The prescribed age band is 18 to 55 years. In addition, the applicant's own income combined with family income from all sources must not exceed ₹2,00,000 annually. Option C alone reproduces both conditions without altering either threshold.
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