Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q44: Regarding the "Prime Minister’s Internship Scheme" (Phase 2) funded in Budget 2026-27, which of the following statements is or are INCORRECT?

The scheme is open to youth aged 21 to 24 years.




Interns receive a monthly allowance of Rupees 5,000, fully paid by the participating company.




Candidates with qualifications like CA, MBA, or Master's degrees are eligible to apply.
A
1 only
B
2 and 3 only
C
1 and 3 only
D
All are incorrect
✅ Correct Answer: B
Statements 2 and 3 are INCORRECT.
Companies pay only Rupees 500; the Government pays Rupees 4,500 via DBT.
Professionals (CA/MBA) are ineligible.
The Union Budget 2026-27 funds this scheme to enhance employability for graduates (BA/BSc) and ITI holders aged 21-24.