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Study Notes Aatmanirbhar Package 3.0

(Summary With Important MCQ’s)

Aatmanirbhar Package 3.0_Summary With Important MCQ’s

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AatmaNirbhar Bharat 3.0 Announced

Finance Minister Nirmala Sitharaman announced the Atmanirbhar 3.0 Package on 12

November, 2020

The package will cost the exchequer Rs 2.65 lakh crore.

This is fourth such Stimulus Package announced by the Central Government during the

Pandemic over the last Seven months.



Important MCQs for Competitive Exams

1. What is the total outlay of the stimulus package- AatmaNirbhar Bharat 3.0?

a) Rs 2 lakh crore

b) Rs 2.65 lakh crore

c) Rs 3 lakh crore

d) Rs 73,000 crore

e) Rs 2.56 lakh crore

Answer- B

Solution- Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has announced 12 key

measures, as part of Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0.

The net stimulus announced amounts to ₹ 2.65 Lakh crore.

2. Which of the following sentences are wrong regarding AatmaNirbhar Bharat Rozgar

Yojana?

a) The Scheme aims at giving employment to Street Vendors

b) The Scheme aims at benefiting new employee joining employment in EPFO registered

establishments

c) The scheme is applicable to any new employee joining employment in EPFO registered

establishments on monthly wages less than Rs.15,000

d) The Central government has the provision to pay subsidy for two years in respect of new eligible

employees engaged

e) None of the Above

Answer- A

Solution- The scheme aims to incentivize job creation during COVID-19 recovery has been launched.

If EPFO-registered establishments take in new employees without EPFO registration or those who lost

jobs earlier, the Yojana will benefit these employees.



3. The Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers

and individuals has been extended till______?

a) January 1, 2021

b) December 1, 2020

c) March 31, 2021

d) April 1, 2021


Answer- C

Solution- Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and

individuals (loans for business purposes), has been extended till March 31, 2021.

4. Answer the name of the scheme from the following information.

The scheme proposes a financial incentive to boost domestic manufacturing and attract large

investments in the electronics value chain including electronic components and semiconductor

packaging. Recently it was extended to 10 more champion sectors. The scheme aims at giving

cash incentives for five to seven years and all the sunrise and important sectors are proposed to

be covered in this.

a) Production Linked Incentive Scheme

b) Merchandise Exports from India Scheme

c) Service Exports from India Scheme

d) Make In India Scheme


Answer- A

Solution- PLI Scheme is an outcome- and output-oriented scheme where incentives will be paid only if

the manufacturers make the goods. This scheme will give cash incentives of 4-6% on incremental sales

(over base year i.e. 2019-20) of goods manufactured in India, for five to seven years and all the sunrise

and important sectors are proposed to be covered in this.

5. How much allocation the PMAY- Urban scheme got under the AatmaNirbhar Bharat 3.0

package?

a) Rs 20000 crore

b) Rs 18000 crore

c) Rs 15000 crore



d) Rs 10000 crore

e) Rs 16000 crore

Answer- B

Solution- A sum of Rs 18000 crore is being provided for PMAY- Urban over and above Rs. 8000 Crore

already allocated this year. This will help ground 12 Lakh houses and complete 18 Lakh houses, create

additional 78 Lakh jobs and improve production and sale of steel and cement, resulting in multiplier

effect on economy.

6. In the AatmaNirbhar Bharat 3.0 package, what is the amount allotted to debt platform of

National Investment and Infrastructure Fund (NIIF)?

a) Rs 4000 crore

b) Rs 5000 crore

c) Rs 6000 crore

d) Rs 2000 crore


Answer- C

Solution- Government will make ₹6,000 Crore equity investment in debt platform of National

Investment and Infrastructure Fund (NIIF), which will help NIIF provide a debt of ₹ 1.1 Lakh Crore for

infrastructure projects by 2025.

7. Which of the following sentences regarding NIIF is not true?

a) NIIF is India’s first infrastructure specific investment fund that was set up by the Government of

India.

b) It was set up in 2015.

c) It is headquartered in Mumbai.

d) It focuses on maximizing economic impact through infrastructure investment in only Greenfield

projects.

e) None of the above

Answer- D



Solution- NIIF focuses on maximizing economic impact through infrastructure investment in both

Greenfield and brownfield projects.

It manages 3 funds as of now – NIIF Master Fund, NIIF Fund of Funds and NIIF Strategic Opportunities

Fund. Actual investments made by 3 NIIF funds in downstream funds, platforms and operating

companies is Rs.19,676 crore, till date.

8. What amount has been allocated for fertilizer subsidy in the AatmaNirbhar Bharat 3.0

package?

a) Rs 65000 crore

b) Rs 70000 crore

c) Rs 80000 crore

d) Rs 85000 crore


Answer- A

Solution- ₹65,000 Crore is being provided in the AatmaNirbhar Bharat 3.0 package to ensure

increased supply of fertilizers to farmers to enable timely availability of fertilisers in the upcoming crop

season.

9. What is the outlay to PM Garib Kalyan Rozgar Yojana in the AatmaNirbhar Bharat 3.0

package?

a) Rs.12000 crore

b) Rs.9000 crore

c) Rs.15000 crore

d) Rs.10000 crore

e) None of the above

Answer- D

Solution- Additional outlay of ₹10,000 Crore is being provided for PM Garib Kalyan Rozgar Yojana to

provide rural employment. This will help accelerate rural economy.



10. Which of the following is the main objective of IDEAS Scheme?

a) Streamlining Lines Of Credit (LOC) offered to various countries

b) Providing funding to new start-up ideas

c) Boosting defence manufacturing in India

d) Helping Small & marginal farmers through direct subsidy


Answer- A

Solution- The Indian Development Assistance Scheme (IDEAS) was approved to streamline Lines Of

Credit (LOC) offered to various countries in South Asia, SE Asia, Africa and Central America

emphasizing on timely completion of projects. Supported projects cover Railways, power, transmission,

road and transport, auto and auto components, sugar projects etc. Exim Bank extends LOC on behalf

of the Government of India, as assistance to developing countries under IDEAS scheme. The scheme

helps in promoting Indian export by mandating recipient countries to import 75% value of the LOC.

11. Under the AatmaNirbhar Package 3.0, the government has launched ECLGS 2.0 for

healthcare sector and 26 stressed sectors. Which committee had identified these 26

stressed sectors?

a) Bimal Jalan Committee

b) N.K. Singh Committee

c) Sunil Mehta Committee

d) KV Kamath Committee

e) Uday Kotak Committee

Answer – D

Solution - In August 2020, RBI had constituted an Expert Committee under the chairmanship of Shri

K.V. Kamath to identify stressed sectors and suggest financial parameters to be factored in the

resolution plans, with sector specific benchmark ranges for such parameters.

In September 2020, the committee identified 26 stressed sectors. Some of the sectors included are,

aviation, real estate, power, construction, auto, roads, sugar, textiles, etc.



12. What is the total stimulus been given by the government and RBI till date, including

AatmaNirbhar Package 3.0?

a) Rs.20.97 lakh crore

b) Rs.23.62 lakh crore

c) Rs.29.87 lakh crore

d) Rs.33.33 lakh crore

e) Rs.35.42 lakh crore

Answer – C

Solution - Stimulus announced by the Government and RBI till date, to help the nation tide over the

COVID-19 pandemic is Rs.29.87 lakh crore which is 15% of GDP.

13. The government has given additional outlay for the Pradhan mantri Awaas Yojana – Urban

under AatmaNirbhar package 3.0. What was the amount allocated under the budget 2020-

21 for this scheme?

a) Rs.5000 crore

b) Rs.6000 crore

c) Rs.8000 crore

d) Rs.10000 crore

e) Rs.12000 crore

Answer – C

₹ 29.87 lakh crore

(15% of GDP)

By RBI Rs.12.71 lakh

crore

(6% of GDP)

By Govt. Rs.17.17 lakh

crore

(9% of GDP)



Solution – Rs.8000 crore was provided for this scheme in the budget. Now Rs.18,000 crores will be

provided over the Budget Estimates for 2020-21 for Prime Minister Awaas Yojana – Urban (PMAY-U)

through additional allocation and Extra Budgetary Resources. The additional allocation is expected to

help 12 lakhs houses to be grounded and 18 lakhs to be completed, create 78 lakh additional jobs and

lead to consumption of Steel – 25 LMT and Cement – 131 LMT.

14. How many sectors have been identified to be covered under the PLI scheme under the

AatmaNirbhar Bharat 3.0?

a) 7

b) 10

c) 15

d) 17

e) 26

Answer – B

Solution - 10 new Champion Sectors will be covered under the Production Linked Incentives

Scheme to help boost competitiveness of domestic manufacturing. Total amount of Rs.1.46 Lakh

Crore has been earmarked across sectors, for next five years.

The sectors and the outlay are as follows:



15. To support the construction and infrastructure sector, the government has reduced the

performance security on contracts to ______.

a) 0%

b) 1%

c) 2.5%

d) 3%

e) 5%

Answer – D

Solution - Performance security on contracts to be reduced to 3% instead of 5 to 10%

Will be extended to ongoing contracts which are free of disputes

Will also be extended to Public Sector Enterprises

States will be encouraged to adopt the same

Also, Earnest Money Deposit (EMD) will not be required for tenders and will be replaced by Bid

Security Declaration.

Note - To ensure that a Bidder does not submit a Dummy Bid or back out at time of tender opening,

Government Department collects a small refundable fee from each bidder, which is called EMD. These

relaxations are till Dec 31, 2021.

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