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 271 Discuss
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According to the National Multidimensional Poverty Index 2021, which Union Territory has the lowest proportion of poor?

A
Lakshadweep
B
Puducherry
C
Chandigarh
D
Delhi

Answer & Explanation

Correct Option: B

In NITI Aayog's 2021 MPI baseline report, the Union Territory of Puducherry recorded the lowest headcount ratio of multidimensionally poor individuals, reflecting superior social infrastructure.
Question 272 Discuss
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What is the overarching programme introduced in the Union Budget, 2018-19 by Government of India, for the school education sector?

A
Samagra Shiksha
B
Sarva Vidya Abhiyan
C
Right to Education
D
Rashtriya Unnat Shiksha Abhiyan

Answer & Explanation

Correct Option: A

Samagra Shiksha Abhiyan was introduced as an integrated scheme merging SSA, RMSA, and Teacher Education to ensure inclusive and equitable quality education from pre-school to senior secondary levels.
Question 273 Discuss
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Who amongst the following said that the government fiscal policy should be used to stabilise the level of output and employment?

A
Adam Smith
B
Lionel Charles Robbins
C
JM Keynes
D
Alfred Marshall

Answer & Explanation

Correct Option: C

British economist John Maynard Keynes revolutionized macroeconomics by arguing that active government intervention, particularly through fiscal policy and deficit spending, is necessary to manage economic downturns.
Question 274 Discuss
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'The Climate Smart Cities Assessment Framework 2.0' is to evaluate how many cities across India?

A
70
B
100
C
32
D
120

Answer & Explanation

Correct Option: B

Launched by the Ministry of Housing and Urban Affairs, the framework primarily targets the 100 cities designated under the Smart Cities Mission to embed climate-sensitive planning.
Question 275 Discuss
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In the PM-SVANidhi Scheme (2020), the urban street vendors are eligible to avail a Working Capital Loan up to 10,000 with a tenure of:

A
5 years
B
1 year
C
2 years
D
3 years

Answer & Explanation

Correct Option: B

To help street vendors restart businesses post-COVID-19 lockdowns, the scheme provided an initial collateral-free working capital loan of Rs. 10,000, repayable in monthly installments over one year.
Question 276 Discuss
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In which year was the Shri Mahila SEWA Sahakari Bank established?

A
1974
B
1972
C
1971
D
1975

Answer & Explanation

Correct Option: A

Recognizing the financial exclusion of poor self-employed women, Ela Bhatt led the founding of the SEWA Cooperative Bank in 1974 in Gujarat.
Question 277 Discuss
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Which of the following national income aggregates is generally recognised as National Income of a country?

A
Net National Product at Market Prices
B
Gross National Product at Market Prices
C
Gross Domestic Product at Factor Cost
D
Net National Product at Factor Cost

Answer & Explanation

Correct Option: D

NNP at factor cost is considered the purest measure of National Income because it calculates the total net value of all goods and services produced, minus depreciation and indirect taxes.
Question 278 Discuss
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According to Global Multidimensional Poverty Index 2022, what was the population of the poor in India in 2020?

A
328.9 million
B
428.9 million
C
𝟏𝟐𝟖.𝟗 million
D
228.9 million

Answer & Explanation

Correct Option: D

The 2022 Global MPI report jointly published by UNDP and OPHI estimated that India had approximately 228.9 million people living in multidimensional poverty in 2020.
Question 279 Discuss
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What is the maximum amount of home loan the eligible beneficiaries can get under the 'Mo Ghara' scheme launched by the Government of Odisha in May 2023?

A
Upto ₹ 5.5 lakh
B
Upto ₹4 lakh
C
Upto ₹2 lakh
D
Upto ₹3 lakh

Answer & Explanation

Correct Option: D

The Odisha government launched the 'Mo Ghara' (My Home) scheme to provide credit-linked financial assistance up to Rs. 3 lakh to lower and middle-income rural households for housing.
Question 280 Discuss
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What are the three components of the empowerment model in SAPAP of SHGs?

A
Social mobilisation, economic development, and education
B
Collective empowerment, capital formation, and poverty eradication
C
Public resource allocation, capacity building, and microfinance
D
Social mobilisation, capital formation, and capacity building of the poor

Answer & Explanation

Correct Option: D

The South Asia Poverty Alleviation Programme (SAPAP) framework asserts that sustainable poverty reduction requires organizing the poor, building their financial capital, and upgrading their skills.
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