New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    Read the following passage and answer the Questions (Q no. 11 to 14) based on the passage. The importance of skilling in India cannot be overstated, as the country stands at a critical juncture in its economic development. With a large and growing young population, India possesses a demographic advantage, often referred to as a "demographic dividend." However, to fully capitalize on this potential, it is essential to equip the workforce with the necessary skills to meet the demands of a rapidly changing economy. Skilling plays a vital role in enhancing employability, driving economic growth, and ensuring social mobility. One of the key reasons skilling is so important in India is the mismatch between the skills of the labor force and the needs of the industry. While India produces millions of graduates every year, many of them lack the technical and vocational skills required by industries such as manufacturing, information technology, healthcare, and other high-growth sectors. This skills gap results in high levels of unemployment or underemployment, even as industries face labor shortages. By focusing on skill development, India can bridge this gap and create a workforce that is better equipped to take on modern jobs, improving productivity and competitiveness. Moreover, skilling is crucial for India's transition from an agrarian economy to a more diversified and knowledge-based economy. Agriculture still employs a large portion of the population, but as the economy grows and modernizes, there is an increasing need for workers in sectors such as services, technology, and manufacturing. Equipping workers with skills in areas such as digital literacy, automation, data science, and artificial intelligence can help them transition to these new sectors, ensuring that they remain relevant in the evolving job market.

    Which of the following statements correctly describes the role of the National Skill Development Corporation (NSDC) in the Skill India Mission?

    A It is a regulatory body overseeing the implementation of skill development programs across India. Correct Answer Incorrect Answer
    B It is a government agency responsible for providing financial assistance to individuals seeking skill training. Correct Answer Incorrect Answer
    C It is a private sector-led organization that promotes skill development through partnerships with training providers and industries. Correct Answer Incorrect Answer
    D It is a non-profit organization that conducts research on skill gaps and provides recommendations to the government Correct Answer Incorrect Answer
    E It is a statutory body responsible for formulating the national policy on skill development. Correct Answer Incorrect Answer

    Solution

    It is a private sector-led organization that promotes skill development through partnerships with training providers and industries.

    Practice Next