In the context of Indian economy, the term 'Demographic Dividend' can be realised if: MCQ with Answer and Explanation

In the context of Indian economy, the term 'Demographic Dividend' can be realised if:
A. The working-age population is productively employed and skilled
B. The fertility rate rises continuously
C. The old-age population dominates
D. The dependent population increases rapidly
Answer: Option A
Solution (By JKSSB Mock Tests)
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Sustainable Finance' encompasses:
A. Only government budgetary finance
B. Only microfinance in rural areas
C. Only maximising short-term financial returns without regard to externalities
D. Financial activities that take environmental, social and governance (ESG) factors into account in investment decisions

Correct Answer: Option D


Explanation:
Sustainable finance refers to the process of taking environmental, social and governance considerations into account when making investment decisions, with the aim of supporting long-term sustainable economic activities.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a measure to control inflation?
A. Increase in government expenditure
B. Increase in CRR
C. Open market sale of securities
D. Increase in bank rate

Correct Answer: Option A


Explanation:
Increase in government expenditure would increase aggregate demand and potentially worsen inflation. The other measures reduce money supply or credit and help control inflation.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Gross National Product at market prices' equals GDP at market prices plus:
A. subsidies
B. indirect taxes
C. depreciation
D. net factor income from abroad

Correct Answer: Option D


Explanation:
GNP at market prices = GDP at market prices + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1