Question : Statement 1: The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) provides financial incentives to employers for job creation.
Statement 2: PMRPY is aimed at increasing formal employment opportunities in India.
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 Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a government scheme in India that provides financial incentives to employers for promoting employment generation. Under this scheme, the government pays the employer's contribution to the Employee Provident Fund (EPF) and Employee State Insurance (ESI) for new employees for a specified period. The scheme aims to reduce the financial burden on employers and encourage them to create more job opportunities.
Statement 2 is true. PMRPY is indeed aimed at increasing formal employment opportunities in India. By providing financial incentives to employers, the scheme encourages the formalization of employment and promotes the hiring of new employees. It aims to enhance job security, improve social security coverage, and boost formal sector employment in the country.
College Comparison based on Courses, Placement, Rank, Fee
Question : Statement 1: The Pradhan Mantri Mudra Yojana provides loans to unemployed individuals for starting their own business.
Statement 2: Mudra loans are primarily targeted at micro and small enterprises in India.
Question : Statement 1: The National Career Service (NCS) project aims to provide employment-related services to job seekers and employers.
Statement 2: NCS is implemented under the Ministry of Labor and Employment in India.
Question : Assertion: The Pradhan Mantri Rojgar Protsahan Yojana offers incentives to employers to promote job creation.
Reason: It aims to encourage foreign direct investment in India.
Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile