inclusive growth, sustainable development & employment section 1 MCQ Questions & Answers Detailed Explanation

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The following question based on Inclusive growth, Sustainable development and employment topic of indian economy mcq

Questions : 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) 2 and 3

(b) 1 and 2

(c) 1, 2 and 3

(d) 1, 2, 3 and 4 all

The correct answers to the above question in:

Answer: (d)

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.

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Read more growth sustainable development and employment Based Indian Economy Questions and Answers

Question : 1

Consider the following statements:

  1. Rashtriya Kishor Swasthya Karyakram is country’s first comprehensive adolescent health programme.
  2. It covers boy and girls in the age of 13 to 19 years.
Which of the statements given above is/are correct?

a) 2 and 3

b) 1 and 2

c) 1 only

d) 1, 2 and 3

Answer: (c)

Rashtriya Kishor Swasthya Karyakram is country’s first comprehensive adolescent health programme. It covers boys and girls in the age of 10 to 19 years in urban and rural areas.

Question : 2

When did the Community Development Programme start in India?

a) 1958

b) 1952

c) 1951

d) 1955

Answer: (b)

Question : 3

The value of money varies

a) directly with the, interest rate

b) directly with the volume of employment

c) directly with the price level

d) inversely with the price level

Answer: (d)

The variation in the value of money is always accompanied by the opposite variation in the price of commodities and services.

In brief, the value of money varies inversely with the price level. It is reciprocal of the price level.

Vm =1/p (where Vm denotes the value of money and p stands for price level).

Question : 4

‘..... Instill into the vast millions of workers men and women who actually do the job a sense partnership and of cooperative performance ...’ The above passage relates to

a) Planned Development

b) Panchayati Raj System

c) Integrated Development Programme

d) Community Development Programme

Answer: (d)

Question : 5

Which of the following statements about India’s unorganised sector are true?

  1. Labour is more in number than that in the organised sector.
  2. Job security and work regulation are better in the unorganised sector.
  3. They are usually not organised into trade unions.
  4. Workers are usually employed for a limited number of days.
Select the correct answer using the code given below

a) 1, 3 and 4

b) 3 and 4

c) 1, 2 and 4

d) 1 and 3

Answer: (a)

Unorganized workers (UW) in India have increased many folds post-independence. Around 52% of UW’s are engaged in the agriculture & allied sector and they constitute more than 90% of the labour workforce.

Characteristics of the unorganized sector are:

  1. Excessive seasonality of employment
  2. Poor working conditions
  3. No fixed jobs
  4. Work in the very poor working environment
  5. No job regulation
  6. No security of Employment
  7. Employed for a limited period

Question : 6

Corporation tax is imposed by

a) State Government

b) Local Government

c) Central Government

d) State as well as Central Government

Answer: (d)

Corporation Tax is imposed by State as well as Central Government. Corporation tax is imposed on the income or capital of some types of legal entities.

The taxes may also be referred to as income tax.

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