introduction to indian economy section 12 MCQ Questions & Answers Detailed Explanation

Answer: (d)

The problem of over population can be solved by two ways

An effective employment policy, which can absorb the growing number of workers and promote economic growth.

An imaginative family planning programme to encourage families to adopt the small family norm.

Answer: (c)

The poverty line is a minimum level of income deemed adequate in a particular country. The common international poverty line has in the past been roughly $1 a day.

In 2008, the World Bank came out with a revised figure of $1.25 at 2005 purchasing power parity.

In India, the poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.

Answer: (c)

The term was coined by Indian economist Raj Krishna. The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from the 1950s to the 1980s.

The word “Hindu” implies that the Hindu outlook of fatalism and contentedness was responsible for the slow growth.

Answer: (b)

Pradhan Mantri Ujjwala Yojana is an ambitious social welfare scheme of the Narendra Modi Government launched on 1 May 2016 from Ballia in Uttar Pradesh.

The scheme aims to provide LPG connections to BPL households in the country and, thus, replace the unclean cooking fuels mostly used in rural India with the clean and more efficient LPG (Liquefied Petroleum Gas).

Answer: (c)

The Economic Survey of India is a flagship annual document of the Ministry of Finance, Government of India.

It reviews the developments in the Indian economy over the previous 12 months, summarizes the performance of major development programs, and highlights the policy initiatives of the government and the prospects of the economy.

Answer: (b)

The rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the per cent rate of increase in gross domestic product.

Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or another given period of time.