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 231 Discuss
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Which of the following is NOT a drawback of the barter system?

A
Lack of a common unit of value
B
Difficulty in contractual payments
C
Double coincidence of wants
D
Surplus goods are replaced with other goods

Answer & Explanation

Correct Option: D

The ability to exchange surplus goods for other needed goods is the primary utility and advantage of a barter system, not a drawback like the double coincidence of wants.
Question 232 Discuss
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The National Programme for Civil Services Capacity Building (NPCSCB) envisaged by the Central Government is called …… . .

A
Mission Karmayogi
B
Seed Scheme
C
Sahakar Mitra Scheme
D
Seva Nidhi Scheme

Answer & Explanation

Correct Option: A

Mission Karmayogi was launched to shift civil servants from a rules-based to a roles-based approach, enhancing their capacity building through continuous, technology-driven learning.
Question 233 Discuss
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Identify the primary characteristic of the Cooperative Development Foundation (CDF) model of SHGs regarding its focus on membership from the following.

A
It exclusively targets poor members.
B
It exclusively targets non-poor members.
C
It excludes women from membership.
D
It includes both poor and non-poor members.

Answer & Explanation

Correct Option: D

Unlike traditional poverty-targeted SHGs, the CDF model promotes financial viability and social cohesion by inclusively integrating both poor and non-poor members into its cooperative framework.
Question 234 Discuss
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National Rural Employment Guarantee Act was passed in which of the following years?

A
2005
B
2006 177
C
2004
D
2009

Answer & Explanation

Correct Option: A

The NREGA, later renamed MGNREGA, was passed in 2005 and remains one of the largest work guarantee programs in the world, ensuring right to work in rural India.
Question 235 Discuss
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Who amongst the following stated the Grameen model of microfinance?

A
Dr. Manmohan Singh
B
Prof. Abhijit Banerjee
C
Prof. Amartya Sen
D
Prof. Muhammad Yunus

Answer & Explanation

Correct Option: D

Bangladeshi economist Prof. Muhammad Yunus conceptualized and successfully implemented the Grameen model of microfinance, proving the bankability of the rural poor.
Question 236 Discuss
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In 1992, which organisation launched Self Help Group - Bank Linkage Programme?

A
SEBI
B
SBI
C
RBI
D
NABARD

Answer & Explanation

Correct Option: D

The National Bank for Agriculture and Rural Development (NABARD) pioneered the SHG-Bank Linkage Programme in 1992, effectively integrating informal women's groups into the formal banking sector.
Question 237 Discuss
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Which of the following sectors engaged the largest percentage of women workers in the year 2019-2020?

A
Industry
B
Agriculture
C
Service
D
Mining

Answer & Explanation

Correct Option: B

Historically and in 2019-2020, agriculture remained the predominant employer for the female workforce in India, largely due to high rural participation in farming and allied activities.
Question 238 Discuss
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As per the National Multidimensional Poverty Index Report 2021, which of the following states has the least population under poverty?

A
Punjab
B
Tamil Nadu
C
Himachal Pradesh
D
Sikkim

Answer & Explanation

Correct Option: D

Among the given options in the 2021 NITI Aayog Baseline Report, Sikkim reported the lowest multidimensional poverty headcount, reflecting its robust social indicators and equitable development.
Question 239 Discuss
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Which of the following sectors had the largest percentage of workforce in urban India in the year 2019-2020?

A
Agriculture
B
Industry
C
Service
D
Mining

Answer & Explanation

Correct Option: C

In urban Indian areas, the tertiary or services sector—encompassing trade, transport, IT, and financial services—is the dominant engine of employment and economic output.
Question 240 Discuss
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Mukhya Mantri Sikho Kamao Yojana was launched by which of these state governments?

A
Uttar Pradesh
B
Madhya Pradesh
C
Gujarat
D
Maharashtra

Answer & Explanation

Correct Option: B

The Government of Madhya Pradesh launched this "Learn and Earn" scheme to provide skill development training along with a monthly stipend to unemployed youth.
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