Here are some multiple-choice questions (MCQs) related to the Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme along with their answers
Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi: GK MCQs Test Your Knowledge
1.What is the primary objective of the Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme?
a. Promoting entrepreneurship in rural areas
b. Providing financial support to street vendors affected by the COVID-19 pandemic
c. Enhancing agricultural productivity
d. Supporting small-scale industries
Answer: b. Providing financial support to street vendors affected by the COVID-19 pandemic
2.Under PM SVANidhi, what is the maximum loan amount that can be availed by a street vendor?
a. Rs. 5,000
b. Rs. 10,000
c. Rs. 15,000
d. Rs. 20,000
Answer: c. Rs. 15,000
3.What is the tenure of the working capital loan provided under the PM SVANidhi scheme?
a. 6 months
b. 9 months
c. 12 months
d. 18 months
Answer: c. 12 months
4.Who is eligible to apply for the PM SVANidhi scheme?
a. Only street vendors in urban areas
b. Only street vendors in rural areas
c. Both urban and rural street vendors
d. Only street vendors in metropolitan cities
Answer: c. Both urban and rural street vendors
5.Under PM SVANidhi, what is the interest subsidy available to beneficiaries who repay their loans on time?
a. 2%
b. 4%
c. 6%
d. 8%
Answer: a. 2%
6.What is the collateral requirement for availing a loan under PM SVANidhi?
a. No collateral required
b. Land or property collateral
c. Personal guarantee from a government official
d. Gold or jewelry collateral
Answer: a. No collateral required
7.Which ministry is responsible for the implementation of the PM SVANidhi scheme?
a. Ministry of Finance
b. Ministry of Housing and Urban Affairs
c. Ministry of Micro, Small and Medium Enterprises
d. Ministry of Rural Development
Answer: b. Ministry of Housing and Urban Affairs
8.What is the subsidy amount provided to street vendors who avail of loans under PM SVANidhi and make prompt repayments?
a. 5% of the loan amount
b. 7% of the loan amount
c. 10% of the loan amount
d. 15% of the loan amount
Answer: a. 5% of the loan amount
Also Read : Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme
9.Under PM SVANidhi, what documents are required for street vendors to apply for a loan?
a. Aadhaar card and PAN card
b. Educational certificates and utility bills
c. Business registration documents
d. Birth certificate and passport
Answer: a. Aadhaar card and PAN card
10.How does the PM SVANidhi scheme contribute to the financial inclusion of street vendors?
a. By providing free goods and services
b. By offering direct cash transfers
c. By facilitating easy access to formal credit
d. By distributing food coupons
Answer: c. By facilitating easy access to formal credit
11.What is the age criterion for street vendors to be eligible for the PM SVANidhi scheme?
a. 18 to 35 years
b. 20 to 45 years
c. 21 to 50 years
d. 25 to 60 years
Answer: d. 25 to 60 years
12.Under PM SVANidhi, what is the tenure of the interest subsidy provided to beneficiaries who repay their loans on time?
a. 6 months
b. 9 months
c. 12 months
d. 18 months
Answer: c. 12 months
13.Which digital platform is commonly used for the application and processing of PM SVANidhi loans?
a. BHIM App
b. Aarogya Setu App
c. PM SVANidhi Mobile App
d. MyGov App
Answer: c. PM SVANidhi Mobile App
14.What is the interest rate charged on the working capital loan under PM SVANidhi?
a. 0%
b. 2%
c. 4%
d. 6%
Answer: a. 0%
15.What is the role of the credit guarantee scheme under PM SVANidhi?
a. To provide insurance to street vendors
b. To guarantee repayment of loans to lending institutions
c. To offer subsidies on interest rates
d. To provide grants for business expansion
Answer: b. To guarantee repayment of loans to lending institutions
16.How does the PM SVANidhi scheme address the issue of urban poverty and informal sector livelihoods?
a. By providing direct cash transfers
b. By creating employment opportunities
c. By offering free education
d. By distributing food packets
Answer: b. By creating employment opportunities
17.What is the minimum contribution required from the street vendor for availing the loan under PM SVANidhi?
a. No contribution required
b. Rs. 500
c. Rs. 1,000
d. Rs. 2,000
Answer: a. No contribution required
18.Under PM SVANidhi, what type of vendors are eligible for the scheme?
a. Only food vendors
b. Only stationary vendors
c. All categories of street vendors including mobile and stationary
d. Only women street vendors
Answer: c. All categories of street vendors including mobile and stationary
19.How does the PM SVANidhi scheme contribute to urban planning and development?
a. By constructing new buildings
b. By offering tax incentives to businesses
c. By providing financial support to street vendors and promoting organized vending zones
d. By establishing new transport systems
Answer: c. By providing financial support to street vendors and promoting organized vending zones
20.What is the vision behind the PM SVANidhi scheme in terms of the AtmaNirbhar Bharat Abhiyan?
a. Making street vendors dependent on government assistance
b. Empowering street vendors to become self-reliant and entrepreneurs
c. Encouraging street vendors to join government jobs
d. Focusing on street vendors in rural areas only
Answer: b. Empowering street vendors to become self-reliant and entrepreneurs