MCQ
PM Vishwakarma MCQ - Practice Questions with Answers
Solve 5 PM Vishwakarma questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about credit support under PM Vishwakarma: 1. The first tranche is up to ₹1,00,000 with an 18-month repayment period. 2. The second tranche is up to ₹2,00,000 with a 30-month repayment period. 3. A standard loan account and either adoption of digital transactions or completion of advanced training are conditions for the second tranche. 4. The beneficiary's concessional interest rate is 8%. How many of the above statements are correct?
Statements 1, 2 and 3 are correct. The collateral-free loans are capped at ₹1,00,000 for 18 months and ₹2,00,000 for 30 months, and the second tranche requires a standard account plus digital transactions or advanced training. Statement 4 is false because the beneficiary rate is 5%; 8% is the Government's subvention cap.
Q2Which option correctly identifies the nature, nodal ministry and launch date of PM Vishwakarma?
PM Vishwakarma was launched on Vishwakarma Jayanti, 17 September 2023. It is a Central Sector Scheme fully funded by the Government of India, and the Ministry of Micro, Small and Medium Enterprises is its nodal ministry. The other named bodies assist implementation but are not the nodal ministry.
Q3Which one of the following pairs of a PM Vishwakarma benefit and its prescribed support is incorrect?
The toolkit incentive is up to ₹15,000 and is delivered through e-RUPI or an e-voucher, not ₹25,000. The other pairs correctly state the basic-training duration, the ₹500 daily DBT stipend and the optional advanced-training duration. Hence the toolkit pair in option C is the incorrect one.
Q4Consider the following statements about eligibility for PM Vishwakarma: 1. An applicant must be at least 18 years old on the date of registration. 2. More than one member of the same family may register if they practise different listed trades. 3. Government employees and their family members are excluded. Which of the statements given above are correct?
Statements 1 and 3 reproduce the eligibility conditions: the applicant must be at least 18 on registration, and government employees and their families are excluded. Statement 2 contradicts the explicit rule that only one beneficiary from a family may register, regardless of whether relatives practise different covered trades.
Q5What are the total financial outlay, implementation period and family target of PM Vishwakarma?
The scheme has an approved outlay of ₹13,000 crore for five financial years, from FY 2023-24 through FY 2027-28. Its stated target is 30,00,000, or 30 lakh, families engaged in the covered traditional trades. Therefore only option B combines all three official figures correctly.
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