Practice Growth sustainable development and employment - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   How many minimum hours of power supply is assured for rural agriculture purpose in ‘Atal Jyoti Yojana-2013’?

(a)

(b)

(c)

(d)


Q-2)   Which organisation is giving financial support for ‘Tejaswini Rural Women’s Empowerment Programme’?

(a)

(b)

(c)

(d)


Q-3)   When did the Community Development Programme start in India?

(a)

(b)

(c)

(d)


Q-4)   In which year Family Planning Programme was started in India?

(a)

(b)

(c)

(d)


Q-5)   Government of India has launched a scheme of ‘Housing for All’ by the year

(a)

(b)

(c)

(d)


Q-6)   Unemployment may result when some workers are temporarily out of work while changing job

(a)

(b)

(c)

(d)


Q-7)   Consider the following statements in regard to inclusive development:
  1. Inclusive development refers to the social inclusion of the socially excluded sections of the society.
  2. Creating productive and gainful employment opportunity
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Inclusive growth is a concept that includes an equitable allocation to every section of society.

It creates an environment of equality in opportunity in all dimensions, such as employment creation, market, consumption, and production and has created a platform for people who are poor to access a good standard of living.


Q-8)   What is the difference between Millenium Development Goals and Sustainable Development Goals?
  1. Millennium Development Goals (MDGs) were not developed through an inter-governmental process, while SDG was.
  2. All the MDGs are applicable only to the developing countries except for MDG 8 which relates to aid and finance.
Options :

(a)

(b)

(c)

(d)

Explanation:

The Millenium Development Goals focus on developing countries.

There is one exception :

MDG number 8 on developing a global partnership for development, which includes commitments for developed countries to help developing countries.

An important difference is that the sustainable Development Goals are meant to apply to all countries, including developed countries.

Another difference is that the sustainable Development Goals are explicitly meant to include the three dimensions of sustainable development economic, social and environmental.


Q-9)   Consider the following statements:
  1. National Green Tribunal was established in 2010.
  2. It was established for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources.
  3. The National Green Tribunal ruling can be challenged in the High Court.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

National Green Tribunal 2010 was established for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources.

The National Green Tribunal ruling can only be challenged in the Supreme Court.


Q-10)   Consider the following statements regarding the activities that would be considered in the new Corporate Social Responsibility (CSR) rules for companies.
  1. Livelihood enhancement and rural development projects
  2. Promoting preventive health care and sanitation as well as making safe drinking water available
  3. Working towards the protection of national heritage, art and culture
  4. Setting up public libraries
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

New Corporate Social Responsibility (CSR) rules will apply to companies with at least Rs. 5 crores net profit, or Rs. 1, 000 crores turnover or `500 crores net worth.

As part of the new Companies Act, these new CSR rules came into effect on April 1, 2014.


Q-11)   Consider the following statements regarding National Sample Survey (NSS):
  1. It is conducted by National Statistical Office (NSO)
  2. It is a socio-economic survey conducted annually
  3. It is conducted on rotating topics
Select the correct answer using the code given below:

(a)

(b)

(c)

(d)

Explanation:

The National Sample Survey (NSS), conducted by National Statistical Office (NSO) is a national socioeconomic survey conducted in annual rounds with a cycle of rotating topics.

For example, the purpose of the 71st round of the National Sample Survey (NSS) conducted in 2014 was to develop indicators on health and education. The purpose of the 68th round (July 2011 – June 2012) of the National Sample Survey was household consumption expenditure.

The household Consumption Expenditure Survey (CES), generally comes after every five years (quinquennial) during these annual rounds of NSS.

The NSS Consumer Expenditure Survey (CES) generates estimates of household Monthly Per Capita Consumer Expenditure (MPCE) and the distribution of households and persons over the MPCE classes. It is designed to collect information regarding expenditure on the consumption of goods and services (food and non-food) consumed by households. The results, after release, are also used for rebasing the GDP and other macroeconomic indicators.

Current Controversy

The 75th round of the National Sample Survey (NSS) was again done on Household Consumption Expenditure from the period July 2017 – June 2018 by National Statistical Office (NSO) (Earlier it used to be done by NSSO, but now NSSO and CSO have been merged under NSO). The survey reported that the consumption expenditure in the period 2011-12 – 2017-18 has fallen, which could have been because it was carried out during a period when the economy was reeling from the effects of demonetisation and the shift to GST.

But the government has withheld the report as it noticed that there was divergence in not only the levels in the consumption pattern but also the direction of the change when compared to the other administrative data sources like the actual production of goods.

So, the government has decided not to release this report. In view of the above controversy, the rebasing of the GDP series, which was earlier considered to be 2017-18 (moving from present 2011-12), may not be done and another base year may be taken.


Q-12)   In context with the “Aam Admi Bima Yojana”, consider the following statements:
  1. The scheme has been launched for landless households of rural as well as urban areas of the country.
  2. The insured person has to pay a nominal premium to avail of benefits under this scheme.
  3. The “Premium Fund” of this scheme is managed by the LIC of India.
  4. The scheme is not available to senior citizens.
Which among the above is/ are correct statements?

(a)

(b)

(c)

(d)

Explanation:

Aam Aadmi Bima Yojana (AABY) came into effect in 2013 covers the death and permanent disability for the benefit of rural landless households of age 18 to 59.

The insured person has to pay a nominal premium to avail benefits under this scheme and the “Premium Fund” of this scheme is managed by LIC of India.


Q-13)   With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements.
  1. It is the flagship scheme of the Ministry of Labour and Employment.
  2. It among other things, will also impart training in soft skills, entrepreneurship, financial and digital literacy.
  3. It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)


Q-14)   Consider the following statements about MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act 2005) :
  1. It is applicable in rural areas.
  2. It gives a guaranteed employment of 100 days to all eligible and willing to take it.
  3. For tribals, it provides guaranteed employment of 150 days.
  4. It is applicable for men only women do not get the benefit.
Which among the above is/are correct statements?

(a)

(b)

(c)

(d)

Explanation:

MNREGA started with an objective to enhance the livelihood security of rural households for creating durable assets and discouraging migration. It gives a guaranteed employment of 100 days to all eligible and willing to take it irrespective of gender.

However, from April 2014, the Act will provide tribals with guaranteed employment of 150 days.


Q-15)   Consider the following statements:
  1. The RBI has announced the ‘Depositor Education and Awareness Fund Scheme, 2014’.
  2. The Depositor Education and Awareness Fund Scheme will utilize unclaimed bank deposits for education and awareness of depositors.
  3. The scheme will be funded by the Centre for depositor’s education.
Which among the above is/ are correct statements?

(a)

(b)

(c)

(d)

Explanation:

RBI has decided to utilize unclaimed bank deposits that are estimated at Rs. 3,650 crore for education and awareness of depositors.

The apex bank has announced the ‘Depositor Education and Awareness Fund Scheme, 2014’ for this purpose.


Q-16)   When was the Community Development Programme started in India?

(a)

(b)

(c)

(d)


Q-17)   Which one of the following is not a measure of reducing inequalities?

(a)

(b)

(c)

(d)


Q-18)   Which of the following statements are true regarding minimum wages in India?
  1. The National Floor Level Minimum Wage (NFLMW) is not binding on States
  2. There are different level of minimum wages across States
  3. Minimum wages are different for different categories of employments
Select the correct answer using the code given below:

(a)

(b)

(c)

(d)

Explanation:

The central government announces the National Floor Level Minimum Wage (NFLMW) which is non-statutory but acts as a benchmark that pulls up the wages of the workers. NFLMW does not operate as a conventional floor wage to protect the lowest-paid workers. Currently, NFLMW is Rs. 176/day.

There are nearly 429 scheduled employments and 1,915 scheduled job categories across India for unskilled workers for which minimum wages are set by different states.

One in every three wage workers in India is not protected by the minimum wage law. States have different minimum wages and the main justification for it is the different levels of economic development.

The proliferation of minimum wage rates and scheduled employments is a strong deterrent for compliance.


Q-19)   Which one of the following is not an immediate indicator of Industrial Sickness?

(a)

(b)

(c)

(d)

Explanation:

Just as diseases are identified by certain symptoms, industrial sickness can be identified by the following symptoms.

These symptoms act as leading indicators of sickness, and if immediate remedial actions are not taken, the sickness will grow to the extent that the organization will find its natural death.

Continuous reduction in

  1. turnover,
  2. Piling up of inventory,
  3. Continuous reduction of net profit to sales ratio,
  4. Short term borrowings at a high interest rate,
  5. Continuous cash losses leading to erosion of tangible net worth etc.

However, the decline of market share is not an immediate indicator.


Q-20)   Which of the following statements are true regarding “Inclusive growth”?
  1. Inclusive growth is fuelled by market-driven sources of growth
  2. Inclusive growth focuses on productive employment
  3. Inclusive growth focuses on income redistribution
Select the correct answer using the code given below:

(a)

(b)

(c)

(d)

Explanation:

Inclusive growth is typically fuelled by market-driven sources of growth with the government playing a facilitating role. Inclusive growth focuses on both the pace and pattern of growth.

How growth is generated is critical for accelerating poverty reduction, hence it focuses on productive employment rather than income redistribution.