poverty & unemployment section 4 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) 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
The correct answers to the above question in:
Answer: (a)
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Question : 1
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 »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 : 2
Consider the following statements:
- Aajeevika - National Rural Livelihoods Mission (NRLM) was approved by the Ministry of Rural Development (MoRD), Government of India in June 2010.
- The mission aims at creating efficient and effective institutional platforms for the rural poor enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
- It is the largest program for women in the world.
a) 1 only
b) 1 and 2 both
c) 2 only
d) 1, 2 and 3 all
Answer »Answer: (d)
National Rural Livelihoods Mission (NRLM) was approved by the Government of India in June 2010 to create institutional platforms for the rural poor enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
It is the largest program for women areas in the world.
Question : 3
Poverty level in India is established on the basis of
a) household consumer expenditure
b) slum population in the country
c) per capita income in different states
d) household average income
Answer »Answer: (a)
Question : 4
The concept of ‘Vicious Circle of Poverty’ is related to
a) Adam Smith
b) None of these
c) Karl Marx
d) Nurkse
Answer »Answer: (d)
Question : 5
Which of the following statements is / are true with respect to Phillips curve?
- It shows the trade - off between unemployment and inflation
- The downward sloping curve of Phillips curve is generally held to be valid only in the short run.
- In the long run , Phillips Curve is usually thought to be horizontal at the non accelerating inflation rate of unemployment (NAIRU)
a) 1 and 2 only
b) 1 only
c) 2 and 3 only
d) 1, 2 and 3
Answer »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.
Question : 6
In India, life expectancy is
a) 75.5 years
b) 65.3 years
c) 68.8 years
d) 71.2 years
Answer »Answer: (c)
GET Poverty & Unemployment PRACTICE TEST EXERCISES
poverty & unemployment section 1
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