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Your results are here!! for" PNB PM CARES Education Loan Scheme "
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Question 1 of 10
1. Question
What is the main objective of the PNB PM CARES Education Loan Scheme?
Correct
The scheme aims to provide comprehensive care and protection to children who lost their parents or eligible guardians due to the COVID-19 pandemic, including support for education and financial empowerment.
Incorrect
The scheme aims to provide comprehensive care and protection to children who lost their parents or eligible guardians due to the COVID-19 pandemic, including support for education and financial empowerment.
Unattempted
The scheme aims to provide comprehensive care and protection to children who lost their parents or eligible guardians due to the COVID-19 pandemic, including support for education and financial empowerment.
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Question 2 of 10
2. Question
During which period were eligible children to be enrolled to avail benefits under the PM CARES for Children scheme?
Correct
Eligible children were to be enrolled from 29.05.2021 to 31.12.2021.
Incorrect
Eligible children were to be enrolled from 29.05.2021 to 31.12.2021.
Unattempted
Eligible children were to be enrolled from 29.05.2021 to 31.12.2021.
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Question 3 of 10
3. Question
For what type of education can assistance be provided under the PNB PM CARES Education Loan Scheme?
Correct
The scheme provides assistance for obtaining an education loan for professional courses or higher education in India.
Incorrect
The scheme provides assistance for obtaining an education loan for professional courses or higher education in India.
Unattempted
The scheme provides assistance for obtaining an education loan for professional courses or higher education in India.
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Question 4 of 10
4. Question
From which date is the COVID-19-related eligibility period considered for children who lost their parents or eligible guardians?
Correct
The eligibility period starts from 11.03.2020, the date on which WHO declared and characterized COVID-19 as a pandemic, and extends to 31.12.2021.
Incorrect
The eligibility period starts from 11.03.2020, the date on which WHO declared and characterized COVID-19 as a pandemic, and extends to 31.12.2021.
Unattempted
The eligibility period starts from 11.03.2020, the date on which WHO declared and characterized COVID-19 as a pandemic, and extends to 31.12.2021.
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Question 5 of 10
5. Question
What is the age condition for the child on the date of death of the parents or eligible guardian?
Correct
The child should not have completed 18 years of age on the date of death of the parents or eligible guardian.
Incorrect
The child should not have completed 18 years of age on the date of death of the parents or eligible guardian.
Unattempted
The child should not have completed 18 years of age on the date of death of the parents or eligible guardian.
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Question 6 of 10
6. Question
What is the residency requirement for a child under the PNB PM CARES Education Loan Scheme?
Correct
The child should be a Resident Indian to be eligible under the scheme.
Incorrect
The child should be a Resident Indian to be eligible under the scheme.
Unattempted
The child should be a Resident Indian to be eligible under the scheme.
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Question 7 of 10
7. Question
How should the eligible child secure admission to a higher education course in a recognized institution in India?
Correct
Admission should generally be through an Entrance Test or Merit Based Selection process after completion of HSC (10+2 or equivalent), subject to the specified exception for certain postgraduate courses.
Incorrect
Admission should generally be through an Entrance Test or Merit Based Selection process after completion of HSC (10+2 or equivalent), subject to the specified exception for certain postgraduate courses.
Unattempted
Admission should generally be through an Entrance Test or Merit Based Selection process after completion of HSC (10+2 or equivalent), subject to the specified exception for certain postgraduate courses.
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Question 8 of 10
8. Question
What is the margin requirement for an education loan amount up to Rs. 4 lakh?
Correct
For loan amounts up to Rs. 4 lakh, the margin requirement is Nil.
Incorrect
For loan amounts up to Rs. 4 lakh, the margin requirement is Nil.
Unattempted
For loan amounts up to Rs. 4 lakh, the margin requirement is Nil.
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Question 9 of 10
9. Question
What is the margin requirement for an education loan amount above Rs. 4 lakh?
Correct
For loan amounts above Rs. 4 lakh, the applicable margin is 5%. Scholarship or assistantship may also be considered in the margin.
Incorrect
For loan amounts above Rs. 4 lakh, the applicable margin is 5%. Scholarship or assistantship may also be considered in the margin.
Unattempted
For loan amounts above Rs. 4 lakh, the applicable margin is 5%. Scholarship or assistantship may also be considered in the margin.
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Question 10 of 10
10. Question
What is the repayment holiday or moratorium period under the PNB PM CARES Education Loan Scheme?
Correct
The repayment holiday or moratorium period is the course period plus one year.
Incorrect
The repayment holiday or moratorium period is the course period plus one year.
Unattempted
The repayment holiday or moratorium period is the course period plus one year.