inclusive growth, sustainable development & employment section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

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.

Question : 2

Consider the following statements about the Pradhan Mantri Ujjwala Yojana.

1. The scheme provides free LPG connection to the women belonging to Below Poverty Line (BPL) households.
2. Rs. 8000 crores has been earmarked under the scheme.
3. The scheme provides financial support of ` 2800 for each LPG connection to the BPL households.
4. 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

Question : 3

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

a) (ii) & (iii) only

b) (i) & (ii) only

c) (ii) only

d) All of the above

Question : 4

Which one among the following is an appropriate description of deflation?

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

Question : 5

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

Question : 6

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