Skill Development & Social Justice MCQ — 123 Practice Questions with Answers

Explanation

PMJDY was launched on August 28, 2014 as the world's largest financial inclusion initiative. It offers zero-balance savings accounts, RuPay debit card, and insurance coverage.

Explanation

PM-SETU has 200 Hub ITIs with 800 Spoke ITIs (4 per Hub), anchored by industry partners.

Explanation

Atal Pension Yojana, launched on May 9, 2015, targets workers in the unorganized sector aged 18-40 years. It provides a fixed pension of ₹1,000 to ₹5,000 per month after the age of 60, depending on the contribution. Government co-contribution was limited to eligible subscribers who joined APY before March 31, 2016, for five years from FY 2015-16 to 2019-20.

Explanation

MGNREGA, enacted in 2005 and renamed in 2009, provides not less than 100 days of guaranteed wage employment in a financial year to rural households whose adult members volunteer to do unskilled manual work. The VB-G RAM G Act, 2025 has been notified to roll out from 1 July 2026; MGNREGA stands repealed from that same date, and the new framework provides 125 days.

Explanation

The ESI scheme covers employees earning up to ₹21,000 per month in factories and establishments with 10+ employees.