Question : Statement 1: The National Skill Development Corporation (NSDC) is a public-private partnership initiative.
Statement 2: NSDC focuses on skill development in the formal sector of the Indian economy.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true. The National Skill Development Corporation (NSDC) is indeed a public-private partnership initiative in India. It was established in 2009 under the Ministry of Skill Development and Entrepreneurship with the objective of promoting skill development initiatives and creating a skilled workforce in the country. The NSDC collaborates with various stakeholders, including private sector companies, industry associations, and training providers, to implement skill development programs.
Statement 2 is true. While the NSDC works across multiple sectors, including both formal and informal sectors, it does focus on skill development in the formal sector of the Indian economy. The NSDC identifies industry sectors with potential for skill development and works towards bridging the skill gaps in those sectors. It partners with industries and training providers to design and implement skill development programs that cater to the needs of the formal sector, including specific industries and occupations.
Question : Statement 1: The National Policy for Skill Development and Entrepreneurship aims to create a skilled workforce in India.
Statement 2: The policy focuses on promoting entrepreneurship as a means of reducing unemployment.
Question : Statement 1: The National Career Service Portal (NCS) provides job seekers with information on job vacancies and skill development courses.
Statement 2: NCS is an online platform created by the Ministry of Skill Development and Entrepreneurship.
Question : Statement 1: The labor force in India is predominantly engaged in the informal sector.
Statement 2: The informal sector provides better job security and social security benefits compared to the formal sector.
Question : Statement 1: The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to provide skill training to unemployed youth.
Statement 2: PMKVY primarily focuses on developing skills for the manufacturing sector.
Question : Statement 1: Microeconomics focuses on the study of individual economic agents and their behavior.
Statement 2: Macroeconomics focuses on the study of the overall performance and behavior of the economy.
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