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Skill Development & Social Justice MCQ — 134 Practice Questions with Answers

Practice 134 Skill Development & Social Justice multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

134 Questions Indian Economy

Practice Questions

Q1. The Pradhan Mantri Jan Dhan Yojana was launched in the year:

A 2013
B 2014 Correct
C 2015
D 2016

Explanation

PM Jan Dhan Yojana was launched on 28 August 2014 as a national mission for financial inclusion. It provides basic banking accounts with zero balance, RuPay debit cards, and insurance cover to unbanked citizens.

Q2. With reference to the PM-SETU scheme launched on October 4, 2025, consider the following statements: 1. The scheme aims to upgrade 1,000 Government ITIs across India. 2. Under the scheme, industry partners will hold a 51% stake in the Special Purpose Vehicle (SPV) managing each ITI. 3. PM-SETU is implemented by the Ministry of Education. Which of the above statements is/are correct?

A 1 and 2 only Correct
B 2 and 3 only
C 1 and 3 only
D 1, 2 and 3

Explanation

Statements 1 and 2 are correct: PM-SETU targets 1,000 Government ITIs and uses an SPV model where industry holds 51% stake and the government 49%. Statement 3 is incorrect: PM-SETU is implemented by the Ministry of Skill Development and Entrepreneurship, not the Ministry of Education.

Q3. What is the revised average MGNREGS wage rate in Rajasthan for FY 2025-26?

A ₹235/day
B ₹255/day
C ₹275/day Correct
D ₹295/day

Explanation

The average MGNREGS wage in Rajasthan was revised to ₹275/day in FY26, up from ₹255.

Q4. SEBI introduced the T+1 settlement cycle for equity trades in India. What does T+1 mean?

A Trade settles on the same day
B Trade settles after one month
C Trade settles after one week
D Trade settles one business day after the trade date Correct

Explanation

T+1 means the trade is settled one business day after the trade date (T = trade date). India moved to T+1 settlement for all equity trades by January 27, 2023, becoming one of the first major markets to do so. This reduced counterparty risk, freed up capital faster, and improved market efficiency. Previously, India followed T+2 settlement.

Q5. The PM-JAY evaluation found average out-of-pocket expenses at private hospitals to be approximately how much per hospitalization?

A Rs 53,965 Correct
B Rs 21,827
C Rs 75,000
D Rs 35,000

Explanation

Private hospital OOPE averaged Rs 53,965 per hospitalization versus Rs 21,827 at public hospitals under PM-JAY.

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Q6. Atal Pension Yojana (APY) provides minimum guaranteed pension of:

A Rs 5,000 per month
B Rs 500 per month
C Rs 2,000 per month
D Rs 1,000 per month
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Q7. Under PM-VBRY, the first instalment of employee incentive is paid after completing how many months?

A 3 months
B 6 months
C 9 months
D 12 months
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Q8. Under PM-VBRY Part B, what is the monthly employer incentive for employees with wages Rs 20,001–1,00,000?

A Rs 1,000
B Rs 2,000
C Rs 3,000
D Rs 5,000
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Q9. Central assistance per unit under BLC vertical of PMAY-U 2.0 (for standard states) is:

A Rs 1.50 lakh
B Rs 2.00 lakh
C Rs 2.50 lakh
D Rs 3.00 lakh
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Q10. Under PMAY-U 2.0 Interest Subsidy Scheme, what is the interest subsidy rate?

A 2%
B 3%
C 4%
D 5%
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Q11. What is the maximum annual income for EWS category under PMAY-U 2.0?

A Rs 1 lakh
B Rs 3 lakh
C Rs 6 lakh
D Rs 9 lakh
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Q12. The PM Surya Ghar Muft Bijli Yojana, announced in Budget 2024-25, aims to provide free electricity through:

A Nuclear power plants
B Wind turbines in rural areas
C Free electricity meters
D Rooftop solar panels for 1 crore households
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Q13. What is Antyodaya?

A A military strategy
B A legal punishment
C A financial instrument
D Upliftment of the last/weakest person — Gandhian concept operationalized by Deen Dayal Upadhyaya
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Q14. India's National Population Policy (NPP) 2000 set a long-term objective of achieving population stabilisation by:

A 2010
B 2025
C 2045
D 2070
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Q15. Under the new Labour Codes, the take-home salary would likely:

A Increase significantly
B Remain unchanged
C Decrease as basic pay must be 50% of gross pay
D Be decided by individual companies

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Frequently Asked Questions

How many Skill Development & Social Justice MCQ questions are available?
There are 134 Skill Development & Social Justice practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.
Are answers and explanations provided for Skill Development & Social Justice MCQs?
Yes, every Skill Development & Social Justice question comes with the correct answer and a detailed explanation to help you understand the underlying concept.
How is Skill Development & Social Justice relevant to the RAS/RPSC exam?
Skill Development & Social Justice falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.
Can I practice Skill Development & Social Justice questions in Hindi?
Yes, Aspirant Academy offers bilingual support. You can practice Skill Development & Social Justice MCQs in both English and Hindi, including questions, options, and explanations.

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