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

Questions : 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) 1, 2 and 3

(b) 2, 3 and 4

(c) 3 and 4

(d) 1, 2, 3 and 4

The correct answers to the above question in:

Answer: (b)

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.

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Question : 1

In a country, jobs are available but still people are unemployed as there is a serious mismatch between what companies need and what workers can offer. This kind of unemployment is referred as:

a) Seasonal

b) Cyclical

c) Structural

d) Frictional

Answer: (c)

Structural unemployment occurs for a number of reasons - workers lacking the requisite job skills, change in government policy or change in technology, or they may live far from regions where jobs are available but are unable to move there or simply unwilling to work because existing wage levels are too low.

So, while jobs are available, there is a serious mismatch between what companies need and what workers can offer.

Structural unemployment exists when there are jobs available and people willing to do work, but there are not a sufficient number of people qualified to fill the vacant jobs.

Question : 2

Which of the following statements are true regarding India’s Total Fertility Rate (TFR)?

  1. It is declining and is expected to go below the replacement level fertility by 2021
  2. Once it goes below the replacement level fertility, the population will stop increasing
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (i) only

c) (ii) only

d) Neither (i) nor (ii)

Answer: (b)

Population growth in India has been slowing in recent decades from an annual growth rate of 2.5% during 971-81 to an estimated 1.3% as of 2011-16 and is projected to slow down to 1% during 2021-31 and under 0.5% during 2031-41.

A key driver of the above trend has been the steady decline in India’s Total Fertility Rate (TFR) since the mid-1980s. TFR declined from 4.5 in 1984 to 2.3 in 2016 (The Total Fertility Rate is defined as the total number of children that would be born to each woman if she were to live to the end of her child-bearing years)

Replacement level fertility is usually marked at 2.1. But the required replacement level fertility for India is higher than the usual benchmark of 2.1. The reason is the skewed sex ratio, because of which a woman would have to give birth to more than 2.1 children in order for the population to replace itself.

Estimates suggest that the effective replacement level fertility after taking into account the skewed sex ratio could be around 2.15 to 2.2 for India with a sex ratio of 1.11 (Replacement level fertility is the level of fertility at which a population exactly replaces itself from one generation to the next.)

India’s TFR is projected to fall well below replacement level fertility by 2021 to 1.8 (from 2.3 in 2016). But there will be positive population growth in the next two decades due to,

  1. Population momentum (it occurs because it is not only the number of children per woman that determine population growth, but also the number of women of reproductive age which is more for India.), and
  2. The continued rise in life expectancy

Question : 3

Consider the following statements regarding Integrated Child Development Services (ICDS) scheme:

  1. The Government of India sponsored programme.
  2. Launched on October 2, 1975.
  3. It aims to improve the nutritional and health status of vulnerable groups including pre-school children, pregnant women and nursing mothers.
Which of the statements given above is/are correct?

a) 2 and 3

b) 1 and 3

c) 1 only

d) 1 , 2 and 3

Answer: (d)

Integrated Child Development Services (ICDS) scheme was launched on October 2, 1975. to tackle malnutrition and health problems in children below 6 years of age and their mothers.

Question : 4

With reference to the National Investment Fund which of the disinvestment proceeds are routed, consider the following statements.

  1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
  2. The National Investment Fund is to be maintained within the consolidation fund of India.
  3. Certain Asset Management companies are appointed as the fund manager.
  4. A certain proportion of annual income is used for financing select social sectors.
Which of the statement(s) given above is/are correct?

a) 1 and 2

b) 3 and 4

c) Only 3

d) Only 2

Answer: (b)

Question : 5

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) (ii) & (iii) only

b) (i) & (ii) only

c) (ii) only

d) All of the above

Answer: (d)

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.

Question : 6

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.
Which of the above statements are correct?

a) 1 and 2

b) 1, 3 and 4

c) 1, 2 and 4

d) 1 and 3

Answer: (c)

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