Ques:1 Which of the following statements are correct in respect of the Insurance Regulatory and Development Authority of India (IRDAI)?
- IRDAI was established under the Insurance Regulatory and Development Authority Act, 1999.
- It is a statutory body responsible for regulating and promoting the insurance and reinsurance industries in India.
- The headquarters of IRDAI is located in Mumbai, Maharashtra.
Select the answer using the code given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Ques:2 Consider the following statements:
Statement 1:Ayushman Bharat – PM Jan Arogya Yojana (PM-JAY) provides health insurance cover of up to ₹5 lakh per family per year for secondary and tertiary care hospitalization.
Statement 2: The scheme is targeted primarily at the economically weaker sections of society, as identified in the Socio-Economic Caste Census (SECC) 2011.
Which one of the following is correct in respect of the above statements?
a) Both statement 1 and Statement 2 are correct and statement 2 explains statement 1
b) Both statement 1 and Statement 2 are correct and statement 2 does not explains statement 1
c) Statement 1 is correct, but Statement 2 is incorrect
d) Statement 2 is correct, but Statement 1 is incorrect
Ques:3 Consider the following statements:
Statement I: India has the potential to benefit from a demographic dividend due to a relatively larger share of working-age population compared to dependents.
Statement II: Demographic dividend refers to the economic growth potential that arises from shifts in a population’s age structure.
Statement III: Demographic dividend automatically guarantees rapid economic growth for any country with a large young population.
Which one of the following is correct in respect of the above statements?
a) Both Statement II and Statement III are correct and both of them explain Statement I
b) Both Statement II and Statement III are correct but only one of them explains Statement I
c) Only one of the Statements II and III is correct and that explains Statement I
d) Neither Statement II nor Statement III is correct
Ques:4Consider the following with reference to Skill India Mission:
- It was launched in 2015 to empower the youth of India by providing skill development training across various sectors.
- It aims to enhance the employability of Indian youth through schemes like Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
- The mission primarily focuses on providing higher education degrees rather than vocational training and skill development.
How many of the above is/are correct?
a) Only one
b) Only two
c) All three
d) None
Ques:5 Which of the following is true regarding Prime Minister’s Internship Scheme?
a) It is exclusively for foreign students
b) It aims to encourage young people to understand policy-making and governance
c) It provides a guaranteed job in government after completion
d) It only focuses on rural development projects
Answers
Answer 1 : a
Explanation:
Statement 1 is correct:
- The IRDA Act, 1999 created IRDAI as an autonomous statutory body.
- It came into effect in April 2000.
Statement 2 is correct:
- IRDAI regulates insurance and reinsurance companies, ensures policyholder protection, and promotes the orderly growth of the sector.
- Its powers and functions are clearly defined in the Act.
Statement 3 is incorrect:
- IRDAI’s headquarters is in Hyderabad, Telangana, not Mumbai.
Source: The Hindu (Page 8)
Answer 2 : b
Explanation:
Statement 1 is correct:
- PM-JAY indeed provides an annual health cover of ₹5 lakh per family.
- It covers secondary and tertiary hospitalization expenses across empanelled public and private hospitals.
Statement 2 is correct:
- The eligibility of beneficiaries is based on deprivation and occupational criteria in the SECC 2011 database.
- Hence, the focus is on poor and vulnerable families, not universal coverage.
- Statement 1 describes the benefit (₹5 lakh health cover for hospitalization) and Statement 2 describes the target group (EWS families as per SECC 2011).
- While both are correct, Statement 2 does not directly explain Statement 1. It complements it but doesn’t establish a cause-effect or explanatory relationship.
Source: The Hindu (Page 8)
Answer 3 : c
Explanation:
Statement 2 is correct:
- This is the definition of demographic dividend.
- It occurs when the working-age population grows larger than the dependent population, creating opportunities for higher productivity.
- This explains Statement I because India’s large working-age population is the basis for its potential demographic dividend.
Statement 3 is incorrect:
- Demographic dividend is a potential, not an automatic outcome.
- Realization of the dividend depends on education, skill development, employment opportunities, healthcare, and economic policies.
- A large young population alone does not guarantee growth.
Source: The Hindu (Page 8)
Answer 4 : b (1 and 2 only)
Explanation:
Statement 1 is correct:
- Skill India Mission was indeed launched in July 2015 by the Government of India.
- Its objective is to train and empower youth in various skill sectors to make them employable and entrepreneurial.
Statement 2 is correct:
- PMKVY is a flagship scheme under Skill India for skill training and certification.
- The mission also includes Recognition of Prior Learning (RPL), National Skill Development Mission, and other programs to improve employability.
Statement 3 is incorrect:
- Skill India focuses on vocational training, skill development, and practical employable skills, not higher education degrees.
- Higher education falls under other schemes like Rashtriya Uchchatar Shiksha Abhiyan (RUSA), not Skill India.
Source: The Hindu (Page 8)
Answer 5 : b
Explanation:
Option b is correct:
- The Prime Minister’s Internship Scheme (PMIS) is designed to give students practical exposure to the functioning of government ministries and departments, helping them understand policy-making, governance, and administrative processes.
- It is not exclusively for foreign students; only Indian students enrolled in recognized courses are eligible.
- It does not guarantee a government job after completion.
- The scheme is broad-based and not limited to rural development projects—it covers multiple ministries and policy areas.
Source: The Hindu (Page 8)