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

Questions : The Employment Assurance Scheme envisages financial assistance to rural areas for guaranteeing employment to at least

(a) 50% of the men and women seeking jobs in rural areas

(b) one man and one woman in a rural family living below the poverty line

(c) one person in a rural landless household living below the poverty line

(d) 50% of the men seeking jobs in rural areas

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

‘Small Farmers Development’ Programme was started in the year

a) 1974

b) 1980

c) 1961

d) 1967

Answer: (a)

Question : 2

When was the Community Development Programme started in India?

a) 2nd October, 1950 A.D.

b) 2nd October, 1952 A.D.

c) 2nd October, 1953 A.D.

d) 2nd October, 1951 A.D.

Answer: (b)

Question : 3

Consider the following statements regarding an economy facing cyclical unemployment:

  1. It may lead to inflation in the economy
  2. It may lead to deflation in the economy
  3. It can be tackled through expansionary monetary policy
  4. It can be tackled through expansionary fiscal policy
Select the correct answer using the code given below:

a) (i), (iii) & (iv) only

b) (i) only

c) (ii) only

d) (ii), (iii) & (iv) only

Answer: (d)

When the economy slows down or is in recession (due to reduced demand) then production in the economy decreases and employers lay off workers which cause cyclical unemployment.

It is a case of reduced demand, so it generally leads to deflation.

So, (ii) statement is true.

It can be tackled by increasing the demand in the economy. RBI can increase the demand through expansionary monetary policy i.e. reduction in repo rate. And government can also increase the demand in the economy by expansionary fiscal policy i.e. increase in government expenditure or reduction in taxes.

Through both these policies, more money reaches the people and demand in the economy increases.

So, (iii) & (iv) statements are also true.

Question : 4

The worldwide Great Depression took place in

a) 1928

b) 1929

c) 1930

d) 1936

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 : 5

How many minimum hours of power supply is assured for rural agriculture purpose in ‘Atal Jyoti Yojana-2013’?

a) 10

b) 14

c) 16

d) 12

Answer: (d)

Question : 6

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: (d)

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