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 281 Discuss
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As per Planning Commission of India, in 2004 05, the percentage of total population of India below poverty line (Lakadawala Poverty Estimates combined was:

A
38.86%
B
35.97%
C
44.48%
D
27.5%

Answer & Explanation

Correct Option: D

Using the Lakdawala Committee methodology, the Planning Commission estimated that approximately 27.5% of the total Indian population lived below the poverty line during 2004-05.
Question 282 Discuss
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What was the percentage increase in the disbursal of 'Pradhan Mantri Mudra Yojana' (PMMY) loans in the first quarter of FY 2023 24 compared to the same quarter in the previous year, if the disbursal reached ₹81,597 crore, up from ₹62,650 crore?

A
27%
B
20%
C
23%
D
15%

Answer & Explanation

Correct Option: C

Official banking data indicated a robust year-on-year growth trajectory for PMMY disbursals, reflecting sustained credit demand from micro-enterprises.
Question 283 Discuss
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According to National Multidimensional Poverty Index 2023 (A Progress Review), what was the proportion of population in multidimensional poverty (Headcount Ratio) in urban India in 2019-2021?

A
11.32%
B
6.96%
C
2.12%
D
5.27%

Answer & Explanation

Correct Option: D

The NITI Aayog's 2023 Progress Review highlighted a significant rural-urban divide, showing urban multidimensional poverty dropped to an impressively low 5.27%.
Question 284 Discuss
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Which of the following is NOT a service of micro finance institution?

A
Micro insurance
B
Micro saving
C
Micro loan
D
Micro deposit

Answer & Explanation

Correct Option: D

Under Reserve Bank of India regulations, non-banking financial company-microfinance institutions (NBFC-MFIs) are permitted to lend and offer insurance, but they are strictly barred from accepting public deposits.
Question 285 Discuss
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National Urban Livelihood Mission (NULM) was launched in which of the following Five Year plans?

A
Twelfth Five Year Plan
B
Sixth Five Year Plan
C
Tenth Five Year Plan
D
Eighth Five Year Plan

Answer & Explanation

Correct Option: A

Launched in 2013 during the 12th Five-Year Plan, the NULM replaced the Swarna Jayanti Shahari Rozgar Yojana to focus on skilling and organizing urban street vendors and the homeless.
Question 286 Discuss
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In July 2023, the District Rural Development Agency (DRD(A) in Tirupathur district, Tamil Nadu, achieved a monumental achievement by constructing 1546 farm ponds in just 30 days, setting a new world record. This remarkable initiative was carried out under which government scheme?

A
Mahatma Gandhi National Rural Employment Guarantee Scheme
B
Jal Jeevan Mission
C
Pradhan Mantri Krishi Sinchayee Yojna
D
Mission Amrit Sarovar

Answer & Explanation

Correct Option: A

The mass construction of farm ponds was executed under the MGNREGS, combining the scheme's core objective of rural wage employment with vital water conservation efforts.
Question 287 Discuss
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Which among the following data was used to compute the estimates in the national Multidimensional Poverty Index (MPI) Baseline Report?

A
National Family Health Survey (NFHS-4)
B
Annual Employment-Unemployment Survey data
C
Economic Survey data
D
National Census data

Answer & Explanation

Correct Option: A

The 2021 baseline national MPI constructed by NITI Aayog heavily relied on the comprehensive demographic and health data collected during the 2015-16 NFHS-4.
Question 288 Discuss
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What are the three components of the empowerment model in SAPAP of SHGs?

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

Answer & Explanation

Correct Option: C

The United Nations-supported South Asia Poverty Alleviation Programme (SAPAP) identified organizing communities, promoting internal savings, and developing skills as the three essential pillars for eradicating rural poverty.
Question 289 Discuss
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As per HDI 2021, which of the following neighbouring countries of India had the highest female life expectancy at birth?

A
Bangladesh
B
Maldives
C
Bhutan
D
Sri Lanka

Answer & Explanation

Correct Option: B

In the 2021 Human Development Index report, the Maldives recorded superior health and life expectancy outcomes compared to other South Asian nations due to substantial investments in universal healthcare.
Question 290 Discuss
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Which of the following is the principal strategy adopted by National Literacy Mission for the eradication of illiteracy?

A
Education Guarantee Scheme
B
Total Literacy Campaign
C
Alternative and Innovative Education
D
Sarva Shiksha Abhiyan

Answer & Explanation

Correct Option: B

The NLM utilized the Total Literacy Campaign (TLC) as its dominant strategy, adopting an area-specific, time-bound, and volunteer-based approach to impart functional literacy.
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