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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

Team Careers360 22nd Jan, 2024

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.

19 Views

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

Team Careers360 22nd Jan, 2024

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.

13 Views

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

Team Careers360 25th Jan, 2024

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.

44 Views

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

Team Careers360 21st Jan, 2024

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.

16 Views

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

Team Careers360 22nd Jan, 2024

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."

22 Views

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

Team Careers360 22nd Jan, 2024

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.

8 Views

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

Team Careers360 21st Jan, 2024

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.

5 Views

Question : The Union Budget of India 2020-21 allocated an amount of crore for the education sector:

Option 1: INR 83,600

Option 2: INR 99,300

Option 3: INR 78,700

Option 4: INR 95,800

Team Careers360 22nd Jan, 2024

Correct Answer: INR 99,300


Solution : The correct answer is INR 99,300.

In 2020–21, Rs. 99,300 crores and Rs. 3000 crores, respectively, have been set aside for the education and skill development sectors. The Department of School Education and Literacy's overall budget allocation has increased by Rs. 3308.37 crore (5.85%).

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