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 31 Discuss
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Match the concepts in column A with their respective descriptions in column B. Column A

A
a-5, b-1, c-2, d-3
B
a-2, b-3, c-4, d-1
C
a-2, b-1, c-4, d-3
D
a-5, b-3, c-2, d-1

Answer & Explanation

Correct Option: A

In economic matching pairs, correctly identifying the relationships between key economic indicators, such as inflation types and their causes, is essential for accurate macroeconomic analysis.
Question 32 Discuss
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According to Census 2011, which district displays the highest population?

A
Kollam
B
Ajmer
C
Thane
D
Pune

Answer & Explanation

Correct Option: C

Thane district in Maharashtra was the most populous district in India according to the 2011 Census, with a population exceeding 11 million.
Question 33 Discuss
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NDP = .

A
GDP - Depreciation
B
GDP + Depreciation
C
GDP - Net factor income from abroad
D
GDP + Net factor income from abroad

Answer & Explanation

Correct Option: A

Net Domestic Product equals Gross Domestic Product minus the depreciation on a country's capital goods, reflecting the actual net addition to the economy.
Question 34 Discuss
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During the period of 1947 to 1990, how many five-year plans were completed?

A
6
B
7
C
9
D
8

Answer & Explanation

Correct Option: B

Between 1947 and 1990, India completed seven Five-Year Plans, with the Seventh Plan ending in 1990 before a period of economic instability led to annual plans.
Question 35 Discuss
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Under which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?

A
National Strategy for Financial Inclusion
B
Pradhan Mantri MUDRA Yojana
C
Stand Up India scheme
D
Pradhan Mantri Jan Dhan Yojana

Answer & Explanation

Correct Option: B

The Pradhan Mantri MUDRA Yojana (PMMY) provides collateral-free micro-credit up to ₹10 lakh to non-corporate, non-farm small and micro-enterprises.
Question 36 Discuss
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Which of the following options best describes the primary cause of the per capita income decline?

A
Slower population growth
B
Population growth exceeding economic growth
C
Increase in exports
D
Decrease in inflation

Answer & Explanation

Correct Option: B

Per capita income declines when the overall population growth rate outpaces the economic growth rate, distributing national wealth among a larger number of people.
Question 37 Discuss
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____is the provision of small credit to those who would have no other access to financial services.

A
Microloan
B
Microfinance
C
Homeloan
D
Pradhan Mantri Awas Yojana

Answer & Explanation

Correct Option: B

Microfinance provides essential financial services, such as small loans and savings accounts, to low-income individuals who lack access to traditional banking.
Question 38 Discuss
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Which of the following goods needs further transformation in the economic process?

A
Consumer durable goods
B
Finished goods
C
Intermediate goods
D
Capital goods

Answer & Explanation

Correct Option: C

Intermediate goods are materials or components that are utilized in the production process to manufacture final consumer goods or capital goods.
Question 39 Discuss
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What was India's annual exponential growth rate as per the 2011 Census?

A
1.24%
B
2.14%
C
1.64%
D
1.94%

Answer & Explanation

Correct Option: C

According to the 2011 Census, India's annual exponential population growth rate was 1.64%, reflecting a decline from the 1.97% rate recorded in 2001.
Question 40 Discuss
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As per the definition of Census of India, a 'marginal worker' is a person who works for:

A
less than 183 days (or six months) in a year
B
more than 183 days (or six months) in a year
C
eight months in a year
D
83 days in a year

Answer & Explanation

Correct Option: A

The Census of India classifies workers into main and marginal; marginal workers are those who have worked for less than six months (183 days) in the year preceding the census.
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