inclusive growth, sustainable development & employment section 3 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
- It is the flagship scheme of the Ministry of Labour and Employment.
- It among other things, will also impart training in soft skills, entrepreneurship, financial and digital literacy.
- It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework.
(a) Only 1 and 3
(b) Only 2 and 3
(c) 1, 2 and 3
(d) Only 2
The correct answers to the above question in:
Answer: (b)
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Question : 1
Consider the following statements regarding, India Inclusive Innovation Fund (IIIF) created by the National Innovation Council (NIC), in partnership with the Ministry of Micro, Small and Medium Enterprises (MSME):
- IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
- It is an autonomous ` 500-crore fund, with the union government contributing 50%.
- Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
a) 3 only
b) 2 only
c) 1 only
d) 1, 2 and 3
Answer »Answer: (b)
IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
.It is an autonomous Rs. 500-crore fund, with the union government contributing 20%. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
Question : 2
Consider the following statements :
- World GSM mobile tower architecture is an environment-friendly mobile system, to deliver affordable services in villages.
- World GSM is solar-powered
a) 2 only
b) 1only
c) 1 and 2 both
d) None
Answer »Answer: (c)
The Indian telecom equipment-maker, Vihaan Networks Ltd (VNL) launched its’ solar-powered ‘World GSM’ mobile tower architecture, an environment-friendly and cost-effective mobile system, to deliver affordable services in villages.
Question : 3
The unemployment caused due to the workers lacking the requisite job skills is an example of:
a) Frictional
b) Cyclical
c) Structural
d) Disguised
Answer »Answer: (c)
Question : 4
Nirmal Bharat Abhiyan started recently by Government of India related to
a) making Ganga, pollution free
b) making the urban areas of the country pollution free
c) ending the Open Latrine System in Rural areas
d) making the environment country pollution free
Answer »Answer: (c)
Question : 5
The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called
a) U shaped hypothesis
b) trickle up hypothesis
c) poverty estimation hypothesis
d) trickle down Hypothesis
Answer »Answer: (d)
According to the trickle-down hypothesis, the rapid growth of per capita income will be associated with a reduction in poverty.
In India, this hypothesis has been interpreted to suggest that growth in agriculture output without radical institution reform will reduce the incidence of poverty in the context of agricultural development in India.
Question : 6
Consider the following statements regarding employment elasticity:
- It measures the percentage change in economic growth with respect to a 1% increase in employment
- The agriculture sector has more employment elasticity as compared to other sectors of the economy
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (c)
Employment Elasticity (of growth) is a measure of percentage change in employment associated with 1 percentage change in economic growth.
Employment elasticity = % change in employment/ % change in economic growth
Employment elasticity of 0.01 implies that with every 1 percentage point growth in GDP, employment increases by just .01 per cent. Employment elasticity is falling consistently from 0.4 in the 1990s to 0.2 in 2014 and then 0.1 now.
The agriculture sector is highly labour-intensive employing around 47% of the labour force to produce 16% of GDP. So, the employment elasticity of the agriculture sector is more.
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