Explanation -> This was a scheme-based question which was in news. Its difficulty level was moderate and easily attemptable. It was covered in PIB 247 session and relevant document. This question emphasizes the need to remember specific data points about key schemes. To prepare effectively, candidates should pay close attention to the factual data provided in PIB sessions and scheme documents, as these sources are essential for keeping up-to-date. Union Cabinet in Augst 2024 had approved Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. Under it, financial assistance will be provided to 1 crore urban poor and middle-class families through States/Union Territories (UTs)/PLIs to construct, purchase or rent a house at an affordable cost in urban areas in 5 years. Government Assistance of Rs. 2.30 lakh crore will be provided under the Scheme.

Explanation -> This question tests the knowledge of recent updates in government schemes, making it a crucial topic for exam preparation. The question is moderate in difficulty and much relevant to candidates aiming to stay current with economic and financial developments. Focusing on flagship schemes and budget announcements is essential, as these often appear in exams. Make sure to review key points from budget sessions and government updates on schemes to capture changes in funding or eligibility limits. Here you can't do any guesswork. Make sure that you are factually accurate while attempting such question to avoid negative marking. The Pradhan Mantri MUDRA Yojana (PMMY) was launched in 2015. The initiative, which focused on igniting entrepreneurship, provided collateral-free micro-loans up to Rs 10 lakh and supported numerous small and microenterprises. The Union Budget 2024-25 has increased the loan amount to Rs 20 lakh.

Explanation -> This question, based on recent Union Budget 2024-25 announcements, covers an important amendment related to the reporting of foreign assets. Such questions highlight the significance of keeping up-to-date with the changes announced in the budget. Candidates should focus on current updates in fiscal policy and compliance requirements, as these topics are often included in government exams. Reviewing our budget sessions and official documents ensures familiarity with these updates. Non-reporting of small movable foreign assets refers to the failure to disclose foreign financial assets, such as bank accounts, when filing income tax returns in India. This obligation is mandated under the Black Money Act. Residents must report these assets regardless of their value, and failure to do so can lead to severe penalties. Non-reporting of small movable foreign assets up to Rs 20 lakh has been de-penalised.

Explanation -> This question is based on the National Pension Scheme (NPS), focusing on specific withdrawal conditions, making it a factual and moderate question. Understanding NPS rules, including withdrawal limits, is important for exam preparation, as government schemes like NPS are frequently asked in the exams. To make the task easy for you guys, we are covering such schemes and relevant changes in the PIB sessions, and Government Schemes Document provided in the course. Make sure you are attempting test series to improving accuracy of attempting such questions. Under the National Pension Scheme (NPS), subscribers are permitted to make partial withdrawals from the Tier I account under specific conditions after a minimum holding period of 3 years. This partial withdrawal limit is capped at 25% of the subscriber's own contributions (excluding returns), and is allowed only for specific purposes, such as medical treatment for critical illnesses, higher education etc.

Explanation -> One more question from the union budget. So, I should not tell you that how much important this document is for the examination. The Union Budget 2024-25 introduced a key amendment to the TReDS (Trade Receivables Discounting System) platform aimed at enhancing liquidity for SMEs. Previously, companies with a turnover of Rs 500 crore or more were mandated to onboard the TReDS platform, which facilitates quicker payment cycles for SME suppliers. This threshold has now been reduced to Rs 250 crore, expanding the scope of mandatory participation and allowing more SMEs to benefit from timely payments. This change is intended to improve cash flow for SMEs, promoting their growth and sustainability in the economy.

Explanation -> This is current affairs-based question and is of moderate difficulty. It was covered in the PIB session and PIB Documents. It was important topic preceding exam from economy point of view as Government has given push on disinvestments trying to generate revenue by monetising various assets. Candidates should focus on current updates in fiscal policy of government as these topics are often included in government exams. In the financial year 2023-24, the Ministry of Road Transport and Highways was recognized as one of the top achievers in the National Monetisation Pipeline, contributing significantly to the overall achievement of Rs. 97,000 crore alongside other ministries.

Explanation -> This is again a current affairs-based question and is of moderate difficulty. It was covered in the PIB session and PIB Documents. It was mixed one, based on the government scheme and related initiative undertaken under it. Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) has announced the launch of the "Million Designers, Billion Dreams" initiative to empower individuals across India with systems design skills to address complex societal challenges.

Explanation -> This is current affairs scheme-based question. Although it was covered in Manish Sir's PIB sessions, It was a difficult one because no one expected a question from this fund. Questions of this nature require familiarity with specific government schemes and funding details, as seen in recent updates from PIB sessions and documents. This question demonstrates the importance of reviewing major government fund allocations and their breakdown, especially when preparing for exams with a focus on recent fiscal policies. Under Self Reliant India (SRI) Fund of Rs. 50,000 crore, there is a provision of Rs.10,000 crore from Government of India and Rs. 40,000 crore through Private Equity / Venture Capital funds.

Explanation -> It was factual question with moderate level difficulty. This kind of question dealing with the key sectors of economy are vital. This question focuses on the contribution of MSMEs to India's total exports, reflecting the importance of MSMEs in the country's economy. It is a moderately difficult question that requires candidates to remember precise data, which is essential for current affairs and economic sections of exams. Such questions underscore the significance of staying updated with recent economic data from reliable sources like PIB and economic surveys. Year Share of export of MSME specified products in all India exports(in%): 2021-22 45.03%, 2022-23 43.59%, 2023-24 45.73%.

Explanation -> It was a factual question with moderate level difficulty. This kind of question is completely unpredictable and not easily attemptable. Even though questions on portals are being asked in the exam, but they are predominately from the economy and finance related. So, you as a aspirant have to focus on the such important portals launched by the Government. But don't worry. For you we are thoroughly covering such important topics in PIB 247 and related documents. PARIVESH is a web based, role-based workflow application which has been developed for online submission and monitoring of the proposals submitted by the proponents seeking for Environmental (EC), Forest (FC), Wildlife (WL) and Coastal Regulation Zone (CRZ) clearances. Main aim and objective of the PARIVESH portal is to provide a "single window" solution by process automation of aforementioned four major clearances through process & data synchronization, leveraging emerging technologies such as GIS, Advance Data Analytics etc for an expeditious, transparent and effective decision making without compromising on the environmental safeguards.