inclusive growth, sustainable development & employment section 2 Practice Questions Answers Test with Solutions & More Shortcuts
Inclusive growth, Sustainable development and employment PRACTICE TEST [6 - EXERCISES]
inclusive growth, sustainable development & employment section 1
inclusive growth, sustainable development & employment section 2
inclusive growth, sustainable development & employment section 3
inclusive growth, sustainable development & employment section 4
inclusive growth, sustainable development & employment section 5
inclusive growth, sustainable development & employment section 6
Question : 16
What does the term ‘Green shoots’ represent in an Economy?
a) signs of economic recovery during an economy downturn
b) signs of growth of agriculture sector in a growing economy
c) signs of growth of agriculture sector in a declining economy
d) signs of economic decline in a developed economy.
Answer »Answer: (a)
Green shoots is the first signs of an improvement in an economy that is performing badly. It was first used in this sense by Norman Lamont, the then Chancellor of the Exchequer of the United Kingdom, during the 1991 recession.
Question : 17 [RAS (Pre) 2016]
Consider the following statements about the Pradhan Mantri Ujjwala Yojana.
- The scheme provides free LPG connection to the women belonging to Below Poverty Line (BPL) households.
- Rs. 8000 crores has been earmarked under the scheme.
- The scheme provides financial support of ` 2800 for each LPG connection to the BPL households.
- The scheme will benefit 5 crore BPL families across the nation.
a) 1 and 2
b) 1, 3 and 4
c) 1, 2 and 4
d) 1 and 3
Answer »Answer: (c)
Question : 18
Which of the following statements are true regarding minimum wages in India?
- The National Floor Level Minimum Wage (NFLMW) is not binding on States
- There are different level of minimum wages across States
- Minimum wages are different for different categories of employments
a) (ii) & (iii) only
b) (i) & (ii) only
c) (ii) only
d) All of the above
Answer »Answer: (d)
The central government announces the National Floor Level Minimum Wage (NFLMW) which is non-statutory but acts as a benchmark that pulls up the wages of the workers. NFLMW does not operate as a conventional floor wage to protect the lowest-paid workers. Currently, NFLMW is Rs. 176/day.
There are nearly 429 scheduled employments and 1,915 scheduled job categories across India for unskilled workers for which minimum wages are set by different states.
One in every three wage workers in India is not protected by the minimum wage law. States have different minimum wages and the main justification for it is the different levels of economic development.
The proliferation of minimum wage rates and scheduled employments is a strong deterrent for compliance.
Question : 19 [UPSC (Pre) 2010]
With reference to the National Investment Fund which of the disinvestment proceeds are routed, consider the following statements.
- The assets in the National Investment Fund are managed by the Union Ministry of Finance.
- The National Investment Fund is to be maintained within the consolidation fund of India.
- Certain Asset Management companies are appointed as the fund manager.
- A certain proportion of annual income is used for financing select social sectors.
a) 1 and 2
b) 3 and 4
c) Only 3
d) Only 2
Answer »Answer: (b)
Question : 20
In context with the “Aam Admi Bima Yojana”, consider the following statements:
- The scheme has been launched for landless households of rural as well as urban areas of the country.
- The insured person has to pay a nominal premium to avail of benefits under this scheme.
- The “Premium Fund” of this scheme is managed by the LIC of India.
- The scheme is not available to senior citizens.
a) 1, 2 and 3
b) 2, 3 and 4
c) 3 and 4
d) 1, 2, 3 and 4
Answer »Answer: (b)
Aam Aadmi Bima Yojana (AABY) came into effect in 2013 covers the death and permanent disability for the benefit of rural landless households of age 18 to 59.
The insured person has to pay a nominal premium to avail benefits under this scheme and the “Premium Fund” of this scheme is managed by LIC of India.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Inclusive Growth & SDGs GK MCQ Quiz For SSC IBPS »
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500+ Indian Economy SDG & Employment GK MCQ Quiz For UPSC »
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New 499+ Sustainable Development Goals GK MCQ Quiz PDF »
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500+ Inclusive Growth & Economic Development GK MCQ Quiz »
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499+ Inclusive Growth & Sustainable Development MCQ Quiz »
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Top Sustainable Development & Basel Convention GK MCQ PDF »
Inclusive growth, Sustainable development and employment Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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