PMEGP EDP TRAINING MODULE I ANSWER KEY PART ONE

 PMEGP EDP TRAINING MODULE I ANSWER KEY PART ONE

 

ANSWER KEY

 

1  : What scheme merged with Prime Minister's Rojgar Yojna?

1.   KVIC

2.   KVIB

3.   DIC

4.   REGP

 

CORRECT ANSWER: REGP

DESCRIPTION: Government of India has approved the introduction of a new credit linked subsidy programme called Prime Minister's Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008, namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.

 

2  : What does KVIB stands for?

1.   Khadi and Village Industries Board

2.   Khadi and Village Industrial Business

3.   Khadi and Village Income Business

4.   None of these

 

CORRECT ANSWER: Khadi and Village Industries Board

DESCRIPTION: KVIB stands for Khadi and Village Industrial Business

 

3  : What does the Psychological Theories of Entrepreneurship includes?

1.   Locus of control

2.   Psychodynamic model by Kets de Vries

3.   Risk taking propensity.

4.   All of these

 

CORRECT ANSWER: All of these

DESCRIPTION: Psychological Theories of Entrepreneurship Psychological trait theories of entrepreneurship contend/state that certain attitudinal and psychological attributes differentiate entrepreneurs from non-entrepreneurs, and successful entrepreneurs from unsuccessful ones. These theories include: • Need for achievement (n-ach) and power by McClelland, 1961. • Locus of control by Rotter, 1966 • Psychodynamic model by Kets de Vries and • Risk taking propensity.

 

4  : What is Eligibility criteria for PMEGP scheme in terms of Age?

1.   16 years

2.   18 years

3.   20 years

4.   22 years

 

CORRECT ANSWER: 18 years

DESCRIPTION: Eligibility • Individuals above 18 years of age • VIII Std. pass required for project above Rs.10.00 lakhs in manufacturing and above Rs. 5.00 lakhs for Service Sector • Self Help Groups and Charitable Trusts • Institutions Registered under Societies Registration Act- 1860 • Production based Co-operative Societies

 

5  : What are(is) the Objctives of PMEGP?

1.  To develop entrepreneurial on the concept of entrepreneurship, its motivation, risk taking ability, confidence, goal setting ability of the potential entrepreneurs.

              2.   To impart knowledge on identification of business opportunities and preparation of business plan.

              3.   To impart knowledge on the concept of entrepreneurship, its challenges and prospects.

              4.   All of these

 

CORRECT ANSWER: All of these

DESCRIPTION: OBJECTIVES: * To impart knowledge on the concept of entrepreneurship, its challenges and prospects. * To develop entrepreneurial on the concept of entrepreneurship, its motivation, risk taking ability, confidence, goal setting ability of the potential entrepreneurs. * Impart knowledge on procedure and formalities of setting of an enterprise /business. * Develop skills on management of a unit / business establishment including financial and marketing. * To impart knowledge on identification of business opportunities and preparation of business plan.