Question : Assertion: The Prime Minister's Employment Generation Programme (PMEGP) promotes self-employment opportunities in India.
Reason: PMEGP provides financial assistance and support to start-ups and micro-enterprises.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct option is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion that the Prime Minister's Employment Generation Programme (PMEGP) promotes self-employment opportunities in India is true. PMEGP is a government-sponsored scheme that aims to generate self-employment opportunities by providing financial assistance and support to start-ups and micro-enterprises. It focuses on encouraging entrepreneurship and job creation at the grassroots level.
The reason provided is also true and serves as the correct explanation for the assertion. PMEGP provides financial assistance to eligible individuals or groups who wish to start their own ventures or micro-enterprises. The scheme offers capital subsidy and credit-linked subsidy to help entrepreneurs establish and expand their businesses. By providing this financial support, PMEGP aims to encourage self-employment, create sustainable livelihoods, and promote entrepreneurship in India.
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Reason: The informal sector encompasses organized economic activities that provide income and livelihood opportunities.
Question : Assertion: Unemployment is a major cause of poverty in India.
Reason: Lack of employment opportunities leads to a decline in income and living standards.
Question : Assertion: The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) guarantees 100 days of wage employment in rural areas.
Reason: MGNREGA aims to provide livelihood security and create durable assets in rural India.
Question : Assertion: Overpopulation is a cause of poverty in India.
Reason: High population density strains resources, leading to inadequate distribution and increased poverty.
Question : Assertion: Both India and Pakistan follow the mixed economy model.
Reason: Both initiated their development process on the basis of economic planning in 1947.
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