Make in India initiative was launched in which year? MCQ with Answer and Explanation

Question
Make in India initiative was launched in which year?
A. 2016
B. 2018
C. 2012
D. 2014
Answer: Option D
Solution (By JKSSB Mock Tests)
Make in India was launched in September 2014 to promote manufacturing.
This question belongs to: Economy GK Economy Set 1
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Question #1
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 dependent population increases rapidly
C. The old-age population dominates
D. The fertility rate rises continuously
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Correct Answer: Option A

Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.
This question belongs to: Economy GK Economy Set 1
Question #2
NITI Aayog was established in 2015 to replace:
A. National Development Council
B. Economic Advisory Council
C. Planning Commission
D. Finance Commission
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Correct Answer: Option C

Explanation:
NITI Aayog replaced the Planning Commission in 2015.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a type of unemployment recognised in economics?
A. Frictional unemployment
B. Nominal unemployment
C. Cyclical unemployment
D. Structural unemployment
Discuss
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Correct Answer: Option B

Explanation:
The main types of unemployment are frictional, structural, cyclical and seasonal. 'Nominal unemployment' is not a standard classification.
This question belongs to: Economy GK Economy Set 1
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