In the context of the Indian economy, the demographic dividend can be harnessed through: MCQ with Answer and Explanation

In the context of the Indian economy, the demographic dividend can be harnessed through:
A. Increasing the dependency ratio
B. Raising the fertility rate continuously
C. Reducing the labour force participation rate
D. Investing in education, skill development and job creation for the working-age population
Answer: Option D
Solution (By JKSSB Mock Tests)
To realise the demographic dividend, a country must invest in human capital and create productive employment opportunities for its large working-age population.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of a public good?
A. Non-rivalrous and non-excludable
B. Non-rivalrous and excludable
C. Rivalrous and excludable
D. Rivalrous and non-excludable

Correct Answer: Option A


Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Bank of Calcutta' was established in which year?
A. 1806
B. 1840
C. 1770
D. 1865

Correct Answer: Option A


Explanation:
The Bank of Calcutta, later Bank of Bengal, was established in 1806.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Fiscal Space' refers to:
A. The physical space occupied by government offices
B. Only the revenue deficit
C. Only the primary surplus
D. The room available for a government to increase spending or reduce taxes without endangering debt sustainability

Correct Answer: Option D


Explanation:
Fiscal space is the budgetary room that allows a government to provide resources for desired purposes without compromising fiscal sustainability or crowding out private investment excessively.

This question belongs to: Economy GK Economy Set 1