Question : Which of the following state governments signed a pact with Cerestra Managers Pvt. Ltd. to set up the Special Education Region in December 2020?
Option 1: Uttarakhand
Option 2: Rajasthan
Option 3: Gujarat
Option 4: Bihar
Correct Answer: Gujarat
Solution : The correct answer is Gujarat.
In December 2020, the Gujarat government signed a Memorandum of Understanding (MoU) with Cerestra Ventures to establish a Special Education Region (Gujarat Special Education Region - G-SER) in Dholera. Spanning 1,000 acres initially, with a potential expansion to over 5,000 acres, G-SER will comprise distinct districts for universities, schools, discovery, and innovation.
Question : Human Development Index (HDI) is an aggregate measure of progress in which of the three dimensions?
Option 1: Health, Education, Income
Option 2: Food security, Employment, Income
Option 3: Agriculture, Industry, Services
Option 4: Height, weight, colour
Correct Answer: Health, Education, Income
Solution : The correct answer is Health, Education and Income.
The Human Development Index (HDI) is a composite measure of progress that considers three characteristics of Human well-being. These aspects are as follows: Health, Education, and living standards.
Question : Which type of education takes a major share of total education expenditure in India?
Option 1: Elementary education
Option 2: Higher education
Option 3: Senior secondary education
Option 4: None of the above
Correct Answer: Elementary education
Solution : Elementary education consumes the greatest proportion of total expenditure, while higher education consumes the least. Because elementary education/primary education is the fundamental or first level of education, the government places a greater emphasis on it.
Hence option a is the correct answer.
Question : The "Pradhan Mantri Jan Dhan Yojana (PMJDY)" aims to provide:
Option 1: Financial inclusion and access to banking services
Option 2: Universal healthcare coverage for all citizens
Option 3: Affordable housing for all homeless individuals
Option 4: Education and skill development for unemployed youth
Correct Answer: Financial inclusion and access to banking services
Solution : The correct answer is (a) Financial inclusion and access to banking services.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a government scheme launched by the Indian government in 2014. Its primary objective is to promote financial inclusion by providing access to banking services, particularly to the unbanked and underbanked sections of society.
The PMJDY focuses on opening bank accounts for all individuals, especially those from low-income households, who do not have access to formal banking services. The scheme aims to ensure that every household has access to a basic savings bank account, a debit card, and various banking services such as remittances, insurance, and pension.
The PMJDY also aims to encourage financial literacy and provide affordable financial services to promote savings and enable access to credit for income generation and entrepreneurship.
Question : The "Antyodaya Anna Yojana (AAY)" aims to provide:
Option 1: Subsidized LPG cylinders to poor households
Option 2: Free electricity connections to rural households
Option 3: Financial assistance for higher education to marginalized students
Option 4: Highly subsidized food grains to the poorest of the poor
Correct Answer: Highly subsidized food grains to the poorest of the poor
Solution : The correct answer is (d) Highly subsidized food grains to the poorest of the poor.
The Antyodaya Anna Yojana (AAY) is a targeted public distribution system (PDS) program in India. Its primary objective is to provide highly subsidized food grains to the poorest of the poor households. Under the AAY, eligible households are identified and provided with a specified quantity of food grains at a significantly lower price compared to the open market rates.
The program aims to ensure food security for the most vulnerable and economically disadvantaged sections of society by offering them access to essential food items at affordable prices. The beneficiaries of the AAY are typically identified based on specific criteria such as their socio-economic status, occupation, and household income.
Question : You are preparing a speech for the upcoming function. Select a synonym for the highlighted word to make it better.
The education system must evolve to keep pace with the rapid changes in the job market.
Option 1: Emanate
Option 2: Censor
Option 3: Demolish
Option 4: Conceal
Correct Answer: Emanate
Solution : The first option is the correct answer.
"Evolve" implies gradual development or change over time, especially in response to new circumstances or challenges. Similarly, "emanate" suggests a process of emerging or originating from a source, aligning well with the idea of the education system adapting and progressing in response to the changing job market.
The meanings of other options are as follows:
- Censor means to suppress or restrict information, often by authority.
- Demolish means to destroy completely, typically referring to physical structures.
- Conceal means to hide or keep something secret or out of sight.
Therefore, the correct answer is emanate.
Question : Comprehension:
In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
Malti had to wait long to see her son, Abhik. She had worked hard to (1)______ her husband’s last wish that Abhik should (2)______ his higher education at Cambridge. Abhik (3)______ to be meritorious and hardworking and had secured a seat. Making ends meet was (4)______ and a trip back home in the vacation, (5)______ for the mother and son.
Question:
Select the most appropriate option to fill in blank no. 3.
Option 1: had proved
Option 2: is proving
Option 3: will prove
Option 4: prove
Correct Answer: had proved
Solution : The correct choice is the first option.
Explanation: "Had proved" is the appropriate choice to fill in the blank. Prove means to establish the existence of truth, and in this context, "had proved" helps convey that Abhik established that he works hard and is meritorious.
Therefore, the complete sentence is: "Abhik had proved to be meritorious and hardworking and had secured a seat."
Question : In the given sentence the underlined word may have been incorrectly spelt. Identify the option that rectifies the spelling. If there is no error in spelling, select ‘No Error’.
The Education Ministry believes that after the reopening of the schools, it will take some time to regain the equiliebrium.
Option 1: equilibreum
Option 2: equelibrium
Option 3: No Error
Option 4: equilibrium
Correct Answer: equilibrium
Solution : The correct spelling of the underlined word is the fourth option.
Explanation: The word equilibrium refers to a state of balance or stability. The correct spelling is important for clear and effective communication.
So, the correct sentence would be: "The Education Ministry believes that after the reopening of the schools, it will take some time to regain equilibrium."
Question : Which of the following is NOT a reason for the high rate of unemployment among youth in India?
Option 1: Lack of employability skills
Option 2: Limited job opportunities
Option 3: Preference for self-employment
Option 4: Inadequate education and training
Correct Answer: Preference for self-employment
Solution : The correct answer is (c) Preference for self-employment
While lack of employability skills, limited job opportunities, and inadequate education and training are commonly cited reasons for high youth unemployment in India, the preference for self-employment is not typically considered a significant factor contributing to the high rate of youth unemployment. In fact, self-employment is often seen as a potential solution to address the job scarcity and create opportunities for youth entrepreneurship.
However, it's important to note that the reasons for unemployment can vary among individuals, and some youth may indeed prefer self-employment due to factors such as entrepreneurial aspirations or a desire for independence. Nonetheless, in the broader context of high youth unemployment in India, the lack of employability skills, limited job opportunities, and inadequate education and training are generally recognized as more significant factors.
Question : Case Study 17:
JKL Inc. is a startup in the education sector aiming to raise funds for developing online learning platforms.
Question :
To raise short-term funds for marketing its online learning platforms, which money market instrument might JKL Inc. use?
Option 1: Corporate bond
Option 2: Call money
Option 3: Commercial paper
Option 4: Treasury bill
Correct Answer: Commercial paper
Solution : The correct answer is (c) Commercial paper.
Commercial paper is a short-term, unsecured debt instrument issued by corporations, typically with maturities ranging from a few days to a year. It is a common choice for businesses seeking short-term funds to finance various operational needs, including marketing initiatives. In summary, commercial paper offers JKL Inc. a swift and cost-effective means of raising short-term funds for marketing its online learning platforms, aligning well with their needs for timely financial support in this context.