poverty & unemployment section 2 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 4 EXERCISES
The following question based on Poverty & Unemployment topic of indian economy mcq
- Janani Suraksha Yojana was launched on 12 April 2005.
- Its aim to decrease the neonatal and maternal deaths in rural poor.
- In this scheme, the states where there is a low rate of institutional deliveries are classified as ‘Low Performing States, whereas the remaining states are termed as High Performing States(HPS).
(a) 1 only
(b) 2 and 3 both
(c) 2 only
(d) 1, 2 and 3
The correct answers to the above question in:
Answer: (d)
Janani Suraksha Yojana was launched on 12 April 2005. It aims to decrease the neonatal and maternal deaths in rural poor.
In this scheme, the states where there is a low rate of Institutional deliveries are classified as ‘Low Performing States (LPS)’ (the states of Uttar Pradesh, Uttaranchal, Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Assam, Rajasthan, Orissa and Jammu and Kashmir), whereas the remaining states are termed as High Performing States (HPS).
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Read more poverty and unemployment Based Indian Economy Questions and Answers
Question : 1
When population experts refers to the possible ‘Demographic Bonus’ that may accrue to India around 2016, they are referring to phenomenon of
a) a decline in birth and death rates
b) a well balanced sex ratio
c) a surge in population in productive age group
d) a sharp drop in total population
Answer »Answer: (c)
Question : 2
Disguised unemployment generally means:
- large number of people remain unemployed
- alternative employment is not available
- marginal productivity of labour is zero
- productivity of workers is low
a) 2 only
b) 1 and 4 only
c) 3 and 1 only
d) 3 only
Answer »Answer: (d)
Suppose three people work in farm, produce 200 kg of wheat.
If one of them is removed, still farm produces 200 kg wheat. That is disguised unemployment marginal productivity is zero.
Question : 3
Which one of the following laws/curves stated that the lower the unemployment in an economy, the higher the rate of Inflation?
a) Gibrat’s law
b) Gini’s curve
c) Verdoorn’s law
d) Philips curve
Answer »Answer: (d)
Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Philip’s curve stated that the lower the unemployment in an economy, the higher the rate of inflation.
Gibrat’s law: It is a rule defined by Gibrat in 1931 stating that the proportional rate of growth of a form is independent of absolute size.
Verdoorn’s law: It is a rule which states that in the long-run productivity generally grows proportionally to the square root of output.
Question : 4
Which of the following fixes the poverty line in India?
a) Rajya Sabha
b) Planning Commission (Niti Aayog)
c) Central Council of Ministers
d) Lok Sabha
Answer »Answer: (b)
Question : 5
Critical minimum effort theory was designed by which of the following given economist?
a) W.W. Rostow
b) None of the above
c) H. Leibenstein
d) Rosentein Rodan
Answer »Answer: (c)
Question : 6
If the actual unemployment rate is below the natural rate of unemployment, it would be expected that:
a) wages would fall
b) the rate of inflation would increase
c) the Phillips curve would shift to the left
d) the natural rate of unemployment would fall
Answer »Answer: (b)
GET Poverty & Unemployment PRACTICE TEST EXERCISES
poverty & unemployment section 1
poverty & unemployment section 2
poverty & unemployment section 3
poverty & unemployment section 4
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