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
(a) Gibrat’s law
(b) Gini’s curve
(c) Verdoorn’s law
(d) Philips curve
The correct answers to the above question in:
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.
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Read more poverty and unemployment Based Indian Economy Questions and Answers
Question : 1
Which one of the following pairs is not correctly matched? Decade Decadal growth rate of population (in percent)
a) 1991-2001 21.54
b) 2001-2011 19.05
c) 1971-1981 24.66
d) 1981-1991 23.87
Answer »Answer: (b)
Question : 2
The census projection report shows that India is one of the youngest nation in the world. In year 2020, average age of Indians will be of
a) 29 years
b) 30 years
c) 27 years
d) 28 years
Answer »Answer: (a)
Question : 3
Which one of the following missions given below is the main submission of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM)?
a) Integrated Housing and Slum Development Programmes (IHSDP)
b) Basic Services to the Urban Poor (BSUP)
c) Development of Women and Children in Urban Areas (DWCUA)
d) Both (a) and (b)
Answer »Answer: (d)
JNNURM is a huge mission that relates primarily to development in the context of urban conglomerates focusing on Indian cities.
JNNURM aims at creating ‘economically productive, efficient, equitable and responsive Cities’ by a strategy of upgrading the social and economic infrastructure in cities, provision of Basic Services to Urban Poor (BSUP) and wide-ranging urban sector reforms to strengthen municipal governance in accordance with the 74th Constitutional Amendment Act, 1992.
Question : 4
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 : 5
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 : 6
Consider the following statements:
- 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
Answer »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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