inclusive growth, sustainable development & employment section 5 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

Questions : NREGA was renamed ‘MNREGA’ on

(a) 2nd October, 2007

(b) 2nd October, 2009

(c) 2nd October, 2010

(d) 2nd February, 2008

The correct answers to the above question in:

Answer: (b)

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

Question : 1

The Great Depression occurred during

a) 1939-45

b) 1929-34

c) 1922-26

d) 1914-18

Answer: (b)

Depression is referred to a period of time during which economic activity is so low for such a long period of time that large numbers of people are permanently unemployed.

The Great Depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).

Question : 2

National Renewal Fund was constituted for the purpose of

a) Providing pension for retiring employees

b) Rural reconstruction

c) Restructuring and Modernisation of Industries

d) Social security

Answer: (d)

Question : 3

With reference to the schemes launched by the Union Government, consider the following statements.

  1. Ministry of Health and Family Welfare launched the Rashtriya Swasthya Bima Yojana.
  2. Ministry of Textiles launched the Rajiv Gandhi Shilpi Swasthya Bima Yojana.
Which of the statement(s) given above is/are correct?

a) Only 1

b) Both 1 and 2

c) Neither 1 nor 2

d) Only 2

Answer: (d)

Question : 4

Which of the following best indicates economic growth of a Nation?

a) Gross industrial production

b) Per capita income

c) Inflation

d) Agriculture income

Answer: (b)

Some economists believe that economic growth is meaningless if it is not distributed across different segments of the population.

So per capita income is considered by some as a better indicator of economic growth since it measures the average income earned per person in a country in a specified year.

It serves as an indicator of a country's living standards and how wealth or income is distributed across the population.

However, to a vast majority, Gross Domestic Product (GDP) is the most comprehensive measure of overall economic performance.

Question : 5

Consider the following statements regarding Rajiv Arogya Bhagya scheme :

  1. It entails the beneficiary paying only 10% of the cost of the treatment/procedures.
  2. It allows only BPL cardholders to avail of subsidized healthcare.
  3. Karnataka becomes the first state in the country to cover all its citizens under an affordable healthcare scheme.
Which of the statements given above is/are correct?

a) 2 and 3

b) 1 and 2

c) 1 and 3

d) 1, 2 and 3

Answer: (c)

It entails the beneficiary to pay only 10% of the cost of the treatment/procedures which will allow virtually every citizen in Karnataka with an APL ration card to avail of subsidized healthcare.

Karnataka becomes the first state in the country to cover all its citizens under an affordable healthcare scheme.

Question : 6

‘Pradhan Mantri Gramodaya Yojana’ aims at

a) Meeting rural needs like primary education, healthcare, drinking water, housing rural roads

b) Generating employment in rural area

c) Strengthening Panchayati Raj System in rural areas

d) Alleviating poverty through micro-enterprises

Answer: (a)

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