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

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jkssb economics set 1 mcqs

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Practice Questions

296 Total
Question 101 Discuss
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Match the items in List I with those in List II. List I List II i. Garibi Hatao

A
i-a, ii-d, iii-c, iv-b
B
i-c, ii-b, iii-d, iv-a
C
i-c, ii-d, iii-a, iv-b
D
i-b, ii-c, iii-d, iv-a

Answer & Explanation

Correct Option: A

"Garibi Hatao" was the defining socio-economic slogan of the Fifth Five-Year Plan, signaling a major policy shift toward direct poverty alleviation and employment generation programs.
Question 102 Discuss
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In which year was the 15 th National Census Survey of India conducted?

A
1991
B
2011
C
2021
D
2001

Answer & Explanation

Correct Option: B

The 2011 Census marked the 15th continuous decennial census conducted in India since the first synchronized national census took place in 1881.
Question 103 Discuss
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Which type of system did the leaders of independent India decide to adopt?

A
A system that would promote the welfare of the government
B
A system that would promote the welfare of few rather than all
C
A system that would promote the welfare of all rather than a few
D
A system that would promote the welfare of private enterprises

Answer & Explanation

Correct Option: C

Following independence, Indian leaders rejected pure capitalism and opted for a mixed economy and a democratic socialist framework designed to ensure equitable growth and collective welfare.
Question 104 Discuss
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What was the decadal population growth rate of India according to the 2011 Census?

A
15.30%
B
14.25%
C
17.64%
D
18.30%

Answer & Explanation

Correct Option: C

The 2011 Census recorded a decadal population growth rate of 17.64% for the 2001-2011 period, indicating a slowing down of India's population growth trajectory.
Question 105 Discuss
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The five-year plans for India with their duration are given below. Which of the following is correctly matched?

A
Both a and c
B
Both b and c
C
Only a
D
Both a and b

Answer & Explanation

Correct Option: D

Accurate knowledge of the chronological timelines of India's Five-Year Plans is essential for understanding the historical context of the country's macroeconomic policy shifts.
Question 106 Discuss
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What kind of technology is most frequently used to manage and digitise e-land records?

A
Only ii and iii
B
Only i and iii
C
Only i and ii
D
i, ii and iii

Answer & Explanation

Correct Option: A

The digitization of land records in India heavily relies on modern technological frameworks like Geographic Information Systems (GIS) and cloud storage to ensure transparency and accessibility.
Question 107 Discuss
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Which of the following years were considered plan holidays in Independent India?

A
1964 −1967
B
1990-1992
C
1969 −1972
D
1966-1969

Answer & Explanation

Correct Option: D

Following the economic disruptions caused by the Indo-Pak war and severe droughts, the government suspended standard five-year planning for three years (1966-1969), terming them 'Plan Holidays'.
Question 108 Discuss
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Which of the following is more important to promote modernisation and overall prosperity of an economy?

A
Stable export
B
Stable employment
C
Stable import
D
Stable unemployment

Answer & Explanation

Correct Option: B

Stable employment provides consistent disposable income, which drives consumer demand and encourages investments in modern technologies and infrastructure, fueling long-term economic prosperity.
Question 109 Discuss
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What is/are the objective(s) of Fiscal Policy? 1. Boost growth 2. Control inflation

A
Neither 1 nor 2
B
Both 1 and 2
C
Only 2
D
Only 1

Answer & Explanation

Correct Option: B

Fiscal policy utilizes government revenue collection and expenditure to directly influence a nation's economy, specifically aiming to stimulate economic growth while keeping inflation in check.
Question 110 Discuss
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If there is a fall in the demand of a good, the equilibrium price is expected to: 166

A
fall
B
neither fall nor rise
C
Rise
D
first rise, and then fall sharply

Answer & Explanation

Correct Option: A

A decrease in demand, holding supply constant, leads to a surplus at the original price, causing the equilibrium price to fall.
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