Question
Consider the following about Academic Bank of Credit.
 1) One of the provisions of the National Education Policy 2020 (NEP 2020) is the introduction of the Academic Bank of Credit (ABC) 2) Set-up by the University Grants Commission (UGC). 3) It will enhance learning curves as it will solve financial problems of students by giving direct credit in their bank accounts  Which is/are correct?Solution
Academic Bank of Credit (ABC), proposed under the National Education Policy (NEP) 2020, will be unveiled. Set-up by the University Grants Commission (UGC). Under the ABC, students will be given multiple entry and exit options. This enables students to leave a degree or course and get a corresponding certification and rejoin studies after a certain time and be able to start from where they had left. It will also provide students with the flexibility to move between institutes while pursuing one degree or leave a course. ABC will keep records of the academic credits of a student. It will not accept any credit course document directly from the students for any course they might be pursuing, but only from higher education institutes, who will have to make deposits in students’ accounts. ABC will help in credit verification, credit accumulation, credit transfer and redemption of students, and promotion of the students. Â
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