inclusive growth, sustainable development & employment section 4 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 : The Ministry of Petroleum and Natural Gas has launched new consumer empowering initiatives. Which among the following are the initiatives?
  1. Sale of 5 kg LPG cylinders at market price
  2. Inter-Company LPG Portability scheme
  3. LPG cylinders resale by consumers
  4. None of the above
Which of the statements given above is/are correct?

(a) 1 and 3

(b) 1, 2 and 3

(c) 1 and 2

(d) 1 , 2, 3 and 4

The correct answers to the above question in:

Answer: (c)

The Ministry of Petroleum and Natural Gas has launched two new consumer empowering initiatives. These are the sale of 5 kg LPG cylinders at market price and the Inter-Company LPG Portability scheme.

This scheme keeping in view the needs of a special group of consumers, like IT professionals, BPO employees, migrants who want LPG but in absence of proper proof of address (POA) cannot access the same.

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

Question : 1

Consider the following statements:

  1. Lorenz curve represent economic inequality
  2. Kuznets curve represents the level of inequality associated with economic development
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: (a)

Lorenz curve was developed by Max O Lorenz in 1905 for representing inequality of the wealth distribution of a country or province.

The Lorenz curve is used to show what percentage of a nation's residents possess what percentage of that nation's wealth. While the Lorenz curve is most often used to represent economic inequality, it can be used to represent inequality in any system.

The Kuznets curve is a hypothetical curve that graphs economic inequality against per capita income over the course of economic development.

In the 1950s and 1960s, Simon Kuznets hypothesized that as an economy develops, market forces first increase then decrease the overall economic inequality of the society, which is illustrated by the inverted U-shape of the Kuznets curve.

Question : 2

Which of the following plans is meant for constructing houses for rural people?

a) Indra Avas Yojana

b) PURA

c) None of the above

d) Ambedkar Avas Yojana

Answer: (a)

Question : 3

“Absence of minimum income to get the minimum needs of life” is concerned with which of the following types of poverty?

a) Relative poverty

b) Absolute poverty

c) Both (a) & (b)

d) None of the above

Answer: (b)

Absolute poverty is when you are unable to buy or pay for basic living needs such as basic food, water, simple housing, simple clothing.

Relative poverty is when you are unable to buy or pay for food, water, housing, clothing etc that others are able to spend.

Question : 4

Which one of the following is the objective of the National Watershed Development Project for rainfed areas of India?

a) Sustainable farming systems

b) Integrated watershed management

c) Reclamation of forest area

d) Both (a) and (b)

Answer: (d)

The scheme of the National Watershed Development Project for Rainfed Areas (NWDPRA) was launched in 1990-91 in 25 States and 2 Union Territories based on twin concepts of integrated watershed management and sustainable farming systems.

The objectives of the project include conservation, development and sustainable management of natural resources, enhancement of agricultural production and productivity in a sustainable manner, restoration of ecological balance in the degraded and fragile rainfed ecosystems by greening these areas through the appropriate mix of trees, shrubs and grasses, reduction in the regional disparity between irrigated and rainfed areas and; creation of sustained employment opportunities for the rural community including the landless.

Question : 5

Unemployment problem leads to poverty because

a) people living below poverty line increase

b) it increases inflation

c) it leads to rise in interest rate

d) there is rapid increase in population

Answer: (a)

Question : 6

Match List-I with List-II and select the correct answer using the codes given below the lists.

List I List II
A. Sarva Shiksha Abhiyan 1. 1987
B. Sakshar Bharat 2. 1988
C. Operation Blackboard 3. 2001
D. National Literacy Mission 4. 2009
Codes: A B C D

a) 1 2 3 4

b) 2 1 3 4

c) 3 4 1 2

d) 4 3 2 1

Answer: (c)

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