inclusive growth, sustainable development & employment section 6 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 : 6 [SSC MTS 2013]
The worldwide Great Depression took place in
a) 1928
b) 1929
c) 1930
d) 1936
Answer »Answer: (b)
Depression is referred to a period of time during which economic activity is so low for such a long period of time that large numbers of people are permanently unemployed.
The Great Depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
Question : 7 [UPPSC (Pre) 1999]
The Employment Assurance Scheme envisages financial assistance to rural areas for guaranteeing employment to at least
a) 50% of the men and women seeking jobs in rural areas
b) one man and one woman in a rural family living below the poverty line
c) one person in a rural landless household living below the poverty line
d) 50% of the men seeking jobs in rural areas
Answer »Answer: (b)
Question : 10
Consider the following statements regarding an economy facing cyclical unemployment:
- It may lead to inflation in the economy
- It may lead to deflation in the economy
- It can be tackled through expansionary monetary policy
- It can be tackled through expansionary fiscal policy
a) (i), (iii) & (iv) only
b) (i) only
c) (ii) only
d) (ii), (iii) & (iv) only
Answer »Answer: (d)
When the economy slows down or is in recession (due to reduced demand) then production in the economy decreases and employers lay off workers which cause cyclical unemployment.
It is a case of reduced demand, so it generally leads to deflation.
So, (ii) statement is true.
It can be tackled by increasing the demand in the economy. RBI can increase the demand through expansionary monetary policy i.e. reduction in repo rate. And government can also increase the demand in the economy by expansionary fiscal policy i.e. increase in government expenditure or reduction in taxes.
Through both these policies, more money reaches the people and demand in the economy increases.
So, (iii) & (iv) statements are also true.
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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