inclusive growth, sustainable development & employment section 3 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 : 3
Which of the following statements are true regarding “Inclusive growth”?
- Inclusive growth is fuelled by market-driven sources of growth
- Inclusive growth focuses on productive employment
- Inclusive growth focuses on income redistribution
a) (ii) & (iii) only
b) (i) & (ii) only
c) (i) & (iii) only
d) All of the above
Answer »Answer: (b)
Inclusive growth is typically fuelled by market-driven sources of growth with the government playing a facilitating role. Inclusive growth focuses on both the pace and pattern of growth.
How growth is generated is critical for accelerating poverty reduction, hence it focuses on productive employment rather than income redistribution.
Question : 4
Consider the following statements regarding employment elasticity:
- It measures the percentage change in economic growth with respect to a 1% increase in employment
- The agriculture sector has more employment elasticity as compared to other sectors of the economy
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (c)
Employment Elasticity (of growth) is a measure of percentage change in employment associated with 1 percentage change in economic growth.
Employment elasticity = % change in employment/ % change in economic growth
Employment elasticity of 0.01 implies that with every 1 percentage point growth in GDP, employment increases by just .01 per cent. Employment elasticity is falling consistently from 0.4 in the 1990s to 0.2 in 2014 and then 0.1 now.
The agriculture sector is highly labour-intensive employing around 47% of the labour force to produce 16% of GDP. So, the employment elasticity of the agriculture sector is more.
Question : 5 [SSC GL 2014]
The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called
a) U shaped hypothesis
b) trickle up hypothesis
c) poverty estimation hypothesis
d) trickle down Hypothesis
Answer »Answer: (d)
According to the trickle-down hypothesis, the rapid growth of per capita income will be associated with a reduction in poverty.
In India, this hypothesis has been interpreted to suggest that growth in agriculture output without radical institution reform will reduce the incidence of poverty in the context of agricultural development in India.
IMPORTANT indian economy mcq EXERCISES
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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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