MCQ
Government Schemes MCQ - Practice Questions with Answers
Solve 3 Government Schemes questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements regarding the PM SVANidhi scheme as it completed six years on 1 June 2026:\n1. The maximum third-tranche collateral-free loan a street vendor can receive under the scheme is Rupees 1 lakh.\n2. The scheme is open only to vendors in the six largest metropolitan cities of India.\n\nWhich of the statements given above is/are correct?
Statement 1 is incorrect: The maximum third tranche under PM SVANidhi is Rupees 50,000, not Rupees 1 lakh. Loans are structured as Rupees 10,000, Rupees 20,000 and Rupees 50,000 on timely repayment. Statement 2 is incorrect: The scheme covers urban street vendors across all cities and towns of India, not just metropolitan cities, and over 75 lakh vendors have benefitted across the country.
Q2Which of the following Acts, notified on 12 May 2026, will replace MGNREGA from 1 July 2026 with a guarantee of 125 days of rural wage employment?
The government notified the Viksit Bharat-G RAM G Act 2025 on 12 May 2026 to replace MGNREGA from 1 July 2026. It guarantees 125 days of rural wage employment and carries a central allocation of Rs 95,692 crore for FY 2026-27.
Q3Which Union Ministry is the nodal ministry for the implementation of the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) scheme, which completed six years on 1 June 2026?
The PM SVANidhi scheme is implemented by the Ministry of Housing and Urban Affairs. It was launched on 1 June 2020 during the COVID-19 pandemic to provide collateral-free working capital loans to urban street vendors through banks, regional rural banks, small finance banks, NBFCs and cooperative banks.
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