inclusive growth, sustainable development & employment section 2 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
(a) it is a sudden fall in the value of a currency against other currencies
(b) It is a persistent fall in the general price level of goods and services
(c) It is a persistent recession in the economy
(d) It is fall in the rate of inflation over a period of time
The correct answers to the above question in:
Answer: (b)
Deflation is defined as a fall in the general price level of goods and services. It is a negative rate of inflation. It means the value of money increases rather than decreases.
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Read more growth sustainable development and employment Based Indian Economy Questions and Answers
Question : 1
Which one of the following is the main aim of the recently launched “E-Inclusion project”?
a) To achieve 100 per cent financial inclusion
b) To provide IT training for Rural/SC/ST women beneficiaries
c) To provide core bank facility to all post offices
d) To establish ATM kiosks at Gram Panchayat level
Answer »Answer: (b)
The Department of Electronics and Information Technology (DeitY), launched the “E-Inclusion”: IT training for rural SC/ST/women beneficiaries.
The project is part of the Government of India’s initiative under the National e-Governance Plan for creating a transparent and accountable governance model for enabling service delivery at the doorstep of citizens.
Question : 2
What does the term ‘Green shoots’ represent in an Economy?
a) signs of economic recovery during an economy downturn
b) signs of growth of agriculture sector in a growing economy
c) signs of growth of agriculture sector in a declining economy
d) signs of economic decline in a developed economy.
Answer »Answer: (a)
Green shoots is the first signs of an improvement in an economy that is performing badly. It was first used in this sense by Norman Lamont, the then Chancellor of the Exchequer of the United Kingdom, during the 1991 recession.
Question : 3
Consider the following statements about the Pradhan Mantri Ujjwala Yojana.
- The scheme provides free LPG connection to the women belonging to Below Poverty Line (BPL) households.
- Rs. 8000 crores has been earmarked under the scheme.
- The scheme provides financial support of ` 2800 for each LPG connection to the BPL households.
- The scheme will benefit 5 crore BPL families across the nation.
a) 1 and 2
b) 1, 3 and 4
c) 1, 2 and 4
d) 1 and 3
Answer »Answer: (c)
Question : 4
AMRUT was launched on
a) 25 June, 2015 to improve basic urban infrastructure in 500 cities
b) 25 June, 2015 to improve basic urban infrastructure in cities
c) 25 June, 2016 to improve availability of safe drinking water in urban areas
d) 25 June, 2015 to improve basic amenities in 500 cities
Answer »Answer: (b)
Question : 5
The ratio of labour force in the informal to formal sector in India is approximately:
a) 80:20
b) 50:50
c) 70:30
d) 90:10
Answer »Answer: (d)
Employment Data (2017-18)
- Total labour force = 50 crore
- Formal = 5 crore
- Informal = 45 crore (90% informal labour force)
Those firms which have ten or more workers using electricity and those with twenty or more workers, even if not using electricity belong to the formal sector else it is in the informal sector.
In general, those firms/companies which do not have any kind of registration with the government or do not pay tax belong to the informal sector.
Question : 6
Consider the following statements regarding how National Rural Livelihood Mission seek to improve livelihood of rural poor:
- By setting up large number of new manufacturing industries and agribusiness centres in rural areas.
- By strengthening self-help groups and providing skill development.
- By supplying seeds, fertilizer, micro-irrigation equipments free of cost.
a) 1 and 3
b) 1 and 2
c) 2 only
d) 1, 2 and 3
Answer »Answer: (c)
Aajeevika – National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD), Government of India in June 2011.
The mission aims at creating efficient and effective institutional platforms for the rural poor enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
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