poverty & unemployment section 4 MCQ Questions & Answers Detailed Explanation

MOST IMPORTANT indian economy mcq - 4 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

The following question based on Poverty & Unemployment topic of indian economy mcq

Questions : Which of the following statements is / are true with respect to Phillips curve?
  1. It shows the trade - off between unemployment and inflation
  2. The downward sloping curve of Phillips curve is generally held to be valid only in the short run.
  3. In the long run , Phillips Curve is usually thought to be horizontal at the non accelerating inflation rate of unemployment (NAIRU)
Select the correct answer using the code given below:

(a) 1 and 2 only

(b) 1 only

(c) 2 and 3 only

(d) 1, 2 and 3

The correct answers to the above question in:

Answer: (a)

The long-run Phillips curve is now seen as a vertical line at the natural rate of unemployment, where the rate of inflation has no effect on unemployment.

Practice Poverty & Unemployment (poverty & unemployment section 4) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more poverty and unemployment Based Indian Economy Questions and Answers

Question : 1

The concept of ‘Vicious Circle of Poverty’ is related to

a) Adam Smith

b) None of these

c) Karl Marx

d) Nurkse

Answer: (d)

Question : 2

India is at which of following stages of Demographic Transition?

a) Reduction in birth rate but the reduction in death rate is higher than reduction in birth rate

b) Reduction in mortality rate while birth rate continues to be high

c) Population level stabilises with number of births and deaths being low and equal

d) Birth rates and death rates are both low

Answer: (a)

Question : 3

When the productive capacity of the economic systems of a state is inadequate to create sufficient number of jobs, it is called

a) seasonal unemployment

b) disguised unemployment

c) structural unemployment

d) cyclical unemployment

Answer: (d)

Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot support full employment.

It occurs during periods of slow economic growth or during periods of economic contraction.

Question : 4

In India, life expectancy is

a) 75.5 years

b) 65.3 years

c) 68.8 years

d) 71.2 years

Answer: (c)

Question : 5

Which of the following is/are the major objectives of MGNREGA?

  1. Wage employment
  2. Create durable community assets
  3. Empower Gram Panchayats
Chose the correct answer from the codes given below:

a) 1 only

b) 1 and 3

c) 1 and 2

d) 1, 2 and 3 all

Answer: (d)

There are three objectives of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

First to provide wage employment, second is to create durable community assets and third to empower Gram Panchayats.

Question : 6

Which of the following committees is related to the estimation of poverty in India?

a) S.P. Gupta Committee

b) Lakdawala Committee

c) Vijay Kelkar Committee

d) Suresh Tendulkar Committee

Answer: (d)

Recently Added Subject & Categories For All Competitive Exams

Most Important Antonyms Vocabulary - IBPS Clerk Prelims 2024

Latest Antonyms multiple choice questions and answers with free PDFfor IBPS Clerk Prelims 2024. English Vocabulary practice exercise for all bank exam

17-May-2024 by Careericons

Continue Reading »

Syllogism Practice Questions Answers PDF - IBPS Clerk 2024

Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam

16-May-2024 by Careericons

Continue Reading »

IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers

Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download

14-May-2024 by Careericons

Continue Reading »

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »