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 211 Discuss
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Who is the founder of the Grameen Bank and widely considered the father of modern microfinance?

A
Muhammad Yunus - Grameen Bank - Pakistan
B
Muhammad Yasir - Grameen Bank - Pakistan
C
Muhammad Yunus - Grameen Bank - Bangladesh
D
Muhammad Yasir - Grameen Bank - Bangladesh

Answer & Explanation

Correct Option: C

Professor Muhammad Yunus founded the Grameen Bank in Bangladesh, pioneering the concepts of microcredit and microfinance, for which they jointly received the Nobel Peace Prize in 2006.
Question 212 Discuss
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Which of the following is the main objective of the DWCRA model of SHGs?

A
To provide education opportunities for rural children
B
To provide housing support for rural families
C
To provide self-employment opportunities for rural women
D
To provide healthcare services to rural women

Answer & Explanation

Correct Option: C

The Development of Women and Children in Rural Areas (DWCRA) scheme was specifically designed to organize rural women into groups to pursue income-generating activities and achieve economic independence.
Question 213 Discuss
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Which of the following is one of the features of capital goods?

A
They are durable.
B
They are inexpensive.
C
They are inferior goods.
D
They are Giffen goods.

Answer & Explanation

Correct Option: A

Capital goods, such as machinery and buildings, are durable assets used by businesses to produce other goods and services over an extended period without being immediately consumed.
Question 214 Discuss
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Revenue account includes items related to the   .

A
previous financial year
B
next financial year
C
all of the given options
D
current financial year

Answer & Explanation

Correct Option: C

In government budgeting, the revenue account reflects ongoing financial operations, encompassing data for the current financial year as well as estimates for the upcoming year and actuals from the previous year.
Question 215 Discuss
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Who among the following is appointed as the chairman of the 16th  Finance Commission?

A
Arvind Panagariya
B
Dr Vijay Kelkar
C
NK Singh
D
YV Reddy

Answer & Explanation

Correct Option: A

In December 2023, the Government of India appointed Dr. Arvind Panagariya, the former Vice Chairman of NITI Aayog, to head the 16th Finance Commission.
Question 216 Discuss
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The Aatmanirbhar Bharat Rojgar Yojana was implemented through which organisation?

A
HDFC Bank
B
Life Insurance Corporation
C
Employees Provident Fund Organisation
D
Reserve Bank of India

Answer & Explanation

Correct Option: C

The scheme was implemented via the EPFO to incentivize the creation of new employment opportunities during the COVID-19 recovery phase by covering provident fund contributions.
Question 217 Discuss
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Which of the following is a public sector industry in India?

A
Steel Authority of India Limited (SAIL)
B
Hindustan Unilever Limited
C
Bajaj
D
Tata Iron and Steel Company (TISCO)

Answer & Explanation

Correct Option: A

SAIL is a central public sector enterprise entirely owned by the Government of India and operates under the jurisdiction of the Ministry of Steel.
Question 218 Discuss
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Which of the following age groups is considered as working population or working age in India?

A
15-59 years
B
15-40 years
C
0-60 years
D
25-65 years

Answer & Explanation

Correct Option: A

In Indian demographic and economic statistics, the working-age population is conventionally defined as individuals between the ages of 15 and 59 who are economically active.
Question 219 Discuss
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Which of the following is NOT included in the three main dimensions of the New Industrial Policy, 1991, announced by the Government of India?

A
Urbanisation
B
Globalisation
C
Liberalisation
D
Privatisation

Answer & Explanation

Correct Option: A

The historic 1991 New Industrial Policy was built upon the three core pillars of Liberalisation, Privatisation, and Globalisation (LPG), aimed at opening up the Indian economy.
Question 220 Discuss
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Which of the following states in India had the LOWEST poverty ratio in 2011-2012 as per the Economic Survey 2013-14, released by the Ministry of Finance, Government of India?

A
Karnataka
B
Haryana
C
Kerala
D
Gujarat

Answer & Explanation

Correct Option: C

According to the Tendulkar methodology estimates for 2011-12, Kerala recorded the lowest poverty headcount ratio among major Indian states, driven by high investments in health and education.
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