28th August 2024

Explanation - Micro, Small and Medium Enterprises (MSMEs) often find it difficult to avail loans

from banks via traditional borrowing channels due to lack of security and inadequate funds for

paying off high-interest rates. To solve this, the Government of India launched the Pradhan Mantri MUDRA Yojana (PMMY) in 2015. PMMY provides loans up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises. MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is the financial institution set up by the Government to provide these loans. MUDRA provides funding to the non-corporate small business sector through various lastmile financial institutions like Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). Eligible person can avail benefits under PMMY by applying for loan from any of the above-mentioned institutions. MUDRA does not lend directly

Explanation - Plea bargaining refers to a person charged with a criminal offence negotiating

with the prosecution for a lesser punishment than what is provided in law by pleading guilty

to a less serious offence. Plea bargaining was introduced in India in the year 2006 as part of a set of amendments to the CrPC as Chapter XXI-A, containing Sections 265A to 265L.

Explanation:

Statement 1 is correct. The Polaris Dawn mission is indeed the first private mission planning a spacewalk at an altitude within the Van Allen Belts.

Statement 2 is correct. The mission will test new SpaceX spacesuits designed for the higher radiation environment within the belts.

Statement 3 is incorrect. The mission will use a Falcon 9 rocket, not the Falcon Heavy.

Statement 4 is incorrect. The mission aims to surpass the altitude record of Gemini 11, not Apollo 11.