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GS Paper IUPSC Prelims 2016
Current Events
Question No. 124Interactive Test Mode
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Q124. With reference to ‘stand up India scheme’, which of the following statements is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinancing through SIDBI. Select the correct answer using the code given below.

With reference to ‘stand up India scheme’, which of the following statements is/are correct?

  1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
  2. It provides for refinancing through SIDBI. Select the correct answer using the code given below.
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2016 • International Relations and Current Affairs

Correct Answer: Option (C) — Both 1 and 2

Concept & Option Breakdown

Standard Reference Verified

Statement 1 is correct: The Stand-Up India Scheme facilitates bank loans between ₹10 lakh and ₹1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up greenfield enterprises. Statement 2 is correct: Refinance window through Small Industries Development Bank of India (SIDBI) is provided alongside the creation of a credit guarantee mechanism.

Elimination Heuristic & Exam Approach

Stand Up India specifically focuses on SC/ST and women entrepreneurs, and SIDBI is the apex financial institution providing refinance support for such small enterprise initiatives.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2016 (Q124)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicInternational Relations and Current Affairs → Current Events
Official Answer KeyOption (C) — Both 1 and 2

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Frequently Asked Questions — UPSC Prelims 2016 Q124

What is the official answer for UPSC Prelims 2016 GS Paper I Question 124 (International Relations and Current Affairs)?

The official UPSC answer key for this 2016 International Relations and Current Affairs (Current Events) question is Option (C): "Both 1 and 2". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2016 question belong to?

This question belongs to GS Paper I under the subject "International Relations and Current Affairs" and micro-topic "Current Events". You can explore all repeated questions from Current Events in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Current Events UPSC Prelims question using option elimination?

Stand Up India specifically focuses on SC/ST and women entrepreneurs, and SIDBI is the apex financial institution providing refinance support for such small enterprise initiatives.

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