MCQ
Research, Development and Innovation (RDI) Scheme MCQ - Practice Questions with Answers
Solve 5 Research, Development and Innovation (RDI) Scheme questions for RAS/RPSC preparation.
Practice questions
Q1Which institution serves as the nodal department for implementing the Research, Development and Innovation (RDI) Scheme?
The Department of Science and Technology is the nodal department for implementation of the RDI Scheme. Other departments may be involved in consultation or related eligibility processes, but the official governance framework assigns the implementation role to this department.
Q2Which of the following is NOT an approved form or condition of support under the Research, Development and Innovation (RDI) Scheme?
Short-term loans and grants are excluded from the RDI Scheme, so option D is the incorrect description. The scheme instead permits long-term low or nil-interest loans, may provide equity support especially to startups, and normally finances up to 50% of assessed cost for qualifying transformative projects.
Q3Consider the following statements about the funding structure of the Research, Development and Innovation (RDI) Scheme: 1. A Special Purpose Fund within the Anusandhan National Research Foundation acts as the first-level custodian of the corpus. 2. The fund directly finances companies and startups without using second-level fund managers. Which of the statements given above is/are correct?
Statement 1 is correct because the two-tier structure places a Special Purpose Fund within the Anusandhan National Research Foundation as custodian of the corpus. Statement 2 is incorrect: capital is channelled to designated second-level fund managers, which then finance eligible projects.
Q4What is the total corpus approved for the Research, Development and Innovation (RDI) Scheme?
The Union Cabinet approved the RDI Scheme with a total corpus of Rs 1 lakh crore. The Rs 20,000 crore and Rs 3,000 crore figures relate to annual budget estimates, while Rs 4,000 crore was only the initial combined allotment to two fund managers.
Q5Consider the following statements about the Research, Development and Innovation (RDI) Scheme: 1. The Governing Board of the Anusandhan National Research Foundation is chaired by the Prime Minister and provides overarching strategic direction. 2. The Empowered Group of Secretaries is led by the Cabinet Secretary and approves changes in sectors and project types. 3. The Executive Council of the foundation recommends second-level fund managers and the scope and type of projects in sunrise sectors. 4. The Special Purpose Fund directly evaluates and finances every eligible company without intermediaries. Which of the statements given above are correct?
Statements 1, 2 and 3 reproduce the official governance roles: the Prime Minister-chaired Governing Board gives strategic direction, the Cabinet Secretary-led group approves specified changes, and the Executive Council recommends fund managers and project scope. Statement 4 is false because financing is routed through second-level fund managers.
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