inclusive growth, sustainable development & employment section 6 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
(a) Seasonal
(b) Frictional
(c) Technical
(d) Disguised
The correct answers to the above question in:
Answer: (b)
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Question : 1
The business in Stock Markets and other securities markets is regulated
a) State and Exchange Bank of India
b) Sole Trade and Exchange Bank of India
c) Stock and Exchange Bank of India
d) Securities and Exchange Board of India
Answer »Answer: (d)
As per the Securities and Exchange Board Of India (SEBI) Act, 1992, SEBI is responsible for protecting the interests of investors in securities and promoting the development of and regulating the securities market.
It is the duty of SEBI to regulate the business in stock exchanges and any other securities markets.
Question : 2
A person has left his current job and is looking for another job. He/ she is facing which type of unemployment:
a) Frictional
b) Structural
c) Cyclical
d) He/ she will not be considered as unemployed
Answer »Answer: (a)
Frictional unemployment arises due to people moving between jobs, careers or locations or people entering and exiting the labour force or workers and employers having inconsistency or incomplete information.
Actually, people first leave their job and then they try to find a new job according to their choice and this process takes some time to apply for new jobs and for employers to make a selection and hence they remain unemployed for this transition period.
That is why frictional unemployment is also called transitional unemployment and it is always present in the economy.
Question : 3
Which of the following is not the recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay Kelkar in the year 2002?
a) Abolition of wealth tax
b) Elimination of standard deduction
c) Exemption from tax on dividends and capital gains from the listed equity
d) Increase in the exemption limit of personal income to ` 1.20 lakh for widows
Answer »Answer: (d)
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