The main objectives of the NSDC is to:
I. Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector
II. Play the role of a "market-maker" by bringing financing, particularly in sectors where market mechanisms are ineffective or missing
III. Prioritize initiatives that can have a multiplier or catalytic effect as opposed to one-off impact. Select the. correct answer from the options given below

I & II

No worries! We‘ve got your back. Try BYJU‘S free classes today!

II & III

No worries! We‘ve got your back. Try BYJU‘S free classes today!

I only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

I, II & III

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C I, II & III
The National Skill Development Corporation of India aims to promote skill development by catalyzing creation of large, quality, for profit vocational institutions.The Ministry undertakes skill development programmes and training through the NSDC.
NSDC is a not-for profit Company set up by the Ministry of Finance, under Companies Act to promote skill development with the help of the private sector. It was launched in 2009, primarily to enable skills-related training through private-sector partners with the objective of skilling 150 million people by 2022.

Suggest Corrections

Similar questions

Public-Private Partnership (PPP) main objective is to combine the skills, expertise and experience of both the public and private sector in the light of this statement, specify its main advantages.

Q. For robust economic growth infrastructure sector growth through Public Private Partnership (PPP) is necessary. In this context, write the challenges faced by PPP projects and recommendations on revisiting & revitalising the PPP Model of Infrastructure.

Q. Q. Consider the following statements about Public Private Partnership (PPP) models: Which of the above given statements is /are incorrect?

Neither 1 nor 2
1 only
2 only
Both 1 and 2

Q. Under mixed economy, firms operating in both public and private sectors are left free to adjust their activities to the controlled market forces.

Q. The government initiated a variety of policies in new economic policy which fall under three headings:
(i) Liberalisation
(ii) Privatisation
(iii) Globalisation

Liberalisation means removing all unnecessary controls and restrictions like permits, licences, quotas, etc. imposed by the government. Liberalisation concept were introduced for the following reasons:
(i) To unlock the economic potential of the country by encouraging the private sector and multinational corporations to invest and expand.
(ii) To encourage the private sector to take an active part in the development process.
(iii) To reduce the role of the public sector in the future industrial development.
(iv) To introduce more competition into the economy with the aim of increasing efficiency.

The economic reforms under liberalisation taken by the government include the following:
(i) Industrial Sector Reforms
(ii) Financial Sector Reforms
(iii) Tax Reforms
(iv) Foreign Exchange Reforms
(v) Trade and Investment Policy Reforms

Industrial Sector Reforms
The new policy abolished the requirement of obtaining a licence for all industries except alcohol, cigarettes, hazardous chemicals, industrial explosives, electronics, aerospace, and drugs and pharmaceuticals. Licence is no longer required to set up new units or to expand the existing one.

Under the new industrial policy, the number of industries reserved only for the public sector was reduced from 17 to only 3.
It is only (i) Defense equipment (ii) Atomic energy generation (iii) Railway transport.Read the following statements - Assertion (A) and Reason (R) and choose the correct answer from the following:
Assertion (A)- Liberalisation concept to encourage the private sector to take active part in the development process.
Reasons (R) - Industrial Sector Reforms and Financial Sector Reforms were taken by the government under liberalisation.

[0.80 marks]

Join BYJU'S Learning Program