Economics Jkssb Economics Set 1 Mcqs (296 MCQs) | JKSSB & SSC Quiz

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jkssb economics set 1 mcqs

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jkssb economics set 1 mcqs jkssb economics set 2 mcqs

Practice Questions

296 Total
Question 1 Discuss
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Which of the following sectors in India faces seasonal unemployment?

A
Agriculture
B
Manufacturing
C
Medical
D
Information technology

Answer & Explanation

Correct Option: A

Agriculture in India is heavily dependent on monsoons and specific crop cycles, leading to periods where laborers are out of work during non-harvest or non-sowing seasons.
Question 2 Discuss
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Which of the following statements correctly defines the green revolution?

A
It is a new strategy in agriculture to produce food grains, especially wheat and rice.
B
It is a new strategy to increase the share of the forest.
C
It is a new strategy to use green colour for all purposes.
D
It is a new strategy to use only herbal products.

Answer & Explanation

Correct Option: A

The Green Revolution refers to the widespread adoption of modern agricultural practices, high-yielding variety (HYV) seeds, and chemical fertilizers in the 1960s to drastically increase food grain production.
Question 3 Discuss
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According to the Census of India 2001, which of the following is the main reason that Indian men migrate?

A
Education
B
Marriage
C
Work and employment
D
Business

Answer & Explanation

Correct Option: C

Economic opportunities drive internal migration in India, with the search for better work and employment being the predominant reason for male migration.
Question 4 Discuss
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Which of the following options is the most appropriate cause for unemployment in India?

A
Over population
B
Environment conditions
C
High educational systems
D
Lack of labour force

Answer & Explanation

Correct Option: A

India's rapid population growth outpaces the creation of new jobs, leading to a massive surplus in the labor force and consequent unemployment.
Question 5 Discuss
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The 'Make in India' initiative primarily focuses on which sector?

A
Agriculture
B
Manufacturing
C
Services
D
Mining

Answer & Explanation

Correct Option: B

Launched in 2014, the 'Make in India' initiative is designed to transform India into a global design and manufacturing hub by encouraging domestic and foreign investments.
Question 6 Discuss
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In which of the following situations does the government run a deficit budget?

A
When the government expenditure and revenue both are zero.
B
When the government expenditure exceeds revenue.
C
When the government expenditure equals revenue.
D
When the government revenue exceeds expenditure.

Answer & Explanation

Correct Option: B

A deficit budget occurs when a government's total expenditures surpass its total revenues generated from taxes and other sources in a given fiscal year.
Question 7 Discuss
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Which state in India was the most transformed by the Green Revolution?

A
Kerala
B
Maharashtra
C
West Bengal
D
Punjab

Answer & Explanation

Correct Option: D

Punjab was the epicenter of the Green Revolution in India, experiencing massive increases in wheat and rice yields due to the early and extensive adoption of HYV seeds and irrigation.
Question 8 Discuss
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What is the primary objective of the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006 in India?

A
To regulate foreign companies
B
To focus on large-scale industries only
C
To increase import tariffs to protect MSMEs
D
To promote and facilitate the development of MSMEs

Answer & Explanation

Correct Option: D

The MSMED Act was enacted to provide a legal framework to address the specific needs of micro, small, and medium enterprises and enhance their competitiveness.
Question 9 Discuss
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In which form of exchange are goods used as medium of exchange?

A
Online exchange
B
Credit exchange
C
Currency exchange
D
Barter exchange

Answer & Explanation

Correct Option: D

The barter system is an ancient form of trade where goods and services are directly exchanged for other goods and services without using money.
Question 10 Discuss
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What was a significant negative environmental impact of the Green Revolution?

A
Deforestation
B
Soil degradation
C
Increase in air pollution
D
Ozone layer depletion

Answer & Explanation

Correct Option: B

The excessive use of chemical fertilizers, pesticides, and intensive irrigation required by HYV seeds led to severe soil degradation and a decline in soil fertility over time.
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