inclusive growth, sustainable development & employment section 4 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 6 EXERCISES
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The following question based on Inclusive growth, Sustainable development and employment topic of indian economy mcq
- Melt down - Fall in stock prices
- Recession - Fall in growth rate
- Slow down - Fall in GDP
(a) Only 1
(b) 1 and 3
(c) 1, 2 and 3
(d) 2 and 3
The correct answers to the above question in:
Answer: (a)
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Read more growth sustainable development and employment Based Indian Economy Questions and Answers
Question : 1
With reference to power sector in India, consider the following statements.
- Rural electrification has been treated as a basic minimum service under the Prime Minister’s Gramodaya Yojana.
- 100% Foreign Direct Investment in power is allowed without upper limit.
- The Union Ministry of Power has signed a memorandum of understanding with 14 states.
a) Only 1
b) 2 and 3
c) Only 3
d) 1 and 2
Answer »Answer: (d)
Question : 2
Government of India has launched a scheme of ‘Housing for All’ by the year
a) 2020
b) 2022
c) 2023
d) 2021
Answer »Answer: (b)
Question : 3
Consider the following statements:
- The Union government recently launched Independent Evaluation Office (IEO) to suggest radical changes in the government social sector initiatives.
- The IEO is an independent office.
- The IEO is chaired by Prime Minister.
a) 2 and 3
b) 1 and 2
c) 1 only
d) 1, 2 and 3
Answer »Answer: (b)
The union government recently launched Independent Evaluation Office (IEO) to suggest radical changes in the government social sector initiatives.
The IEO is an independent office attached to the planning commission, under governing board chaired by the commission’s deputy chairman.
Question : 4
“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 »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 : 5
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 »Answer: (a)
Question : 6
Consider the following statements:
- Lorenz curve represent economic inequality
- Kuznets curve represents the level of inequality associated with economic development
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »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.
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