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 41 Discuss
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Which is the joint digital skills initiative for employability through digital skills by National Career Service and Microsoft India?

A
Digisaksham
B
Vidyadaan
C
Shiksha Vani
D
Swayam

Answer & Explanation

Correct Option: A

DigiSaksham is an initiative launched in 2021 by the Ministry of Labour and Employment in collaboration with Microsoft India to enhance the digital employability of youth.
Question 42 Discuss
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According to Census of India 2011, what is the gap between male and female literacy rate in India?

A
21.59%
B
18.30%
C
24.84%
D
16.68%

Answer & Explanation

Correct Option: D

In the 2011 Census, the male literacy rate was 82.14% and the female literacy rate was 65.46%, resulting in a gender literacy gap of 16.68%.
Question 43 Discuss
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According to the Agricultural and Processed food products Export Development Authority (APED(A) 2020-2021, which state of India has the first rank in grapes production?

A
Maharashtra
B
Karnataka
C
Bihar
D
Uttar Pradesh

Answer & Explanation

Correct Option: A

Maharashtra is the leading producer of grapes in India, benefiting from favorable agro-climatic conditions and advanced viticulture practices.
Question 44 Discuss
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Which of the following is an example of capital receipts?

A
Revenue from the sale of government assets
B
Taxes on income
C
Interest on government bonds
D
Grants-in-aid from other governments

Answer & Explanation

Correct Option: A

Capital receipts either create a liability for the government (like borrowings) or cause a reduction in its assets, such as the sale of public sector shares or assets.
Question 45 Discuss
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The National Youth Policy 2014 defines youth as population between the ages of and .

A
20;29
B
15;25
C
15;29
D
10;19

Answer & Explanation

Correct Option: C

The National Youth Policy 2014 officially defines 'youth' as individuals in the age group of 15 to 29 years to better target demographic-specific development programs.
Question 46 Discuss
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Which of the following definitions best describes the concept of microfinance?

A
A microfinance institution is a company registered under the Companies Act, 1956, and engaged in the business of loans and advances and acquisition of shares /stocks/ bonds/ debentures/ securities issued by the government.
B
Microfinance is a banking service provided to unemployed or low-income individuals or groups, who otherwise would have no other access to financial services.
C
A microfinance institution is a digital-only and mobile-first bank.
D
Microfinance refers to providing banking services to individuals living in rural areas.

Answer & Explanation

Correct Option: B

Microfinance encompasses a broad category of financial services tailored to individuals without access to conventional banking, helping them build assets and manage risks.
Question 47 Discuss
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What challenge does foreign investment often face in India?

A
Excessive foreign competition
B
Inconsistent regulatory environment
C
Lack of skilled labour
D
Lack of consumer base

Answer & Explanation

Correct Option: B

Despite liberalization, foreign investors in India often navigate complex, changing regulatory frameworks and bureaucratic hurdles that can slow down project implementations.
Question 48 Discuss
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As for the year 2020-21, which of the following states had the lowest unemployment rate among people aged 15 years and above?

A
Sikkim
B
Madhya Pradesh
C
Gujarat
D
Chhattisgarh

Answer & Explanation

Correct Option: C

Gujarat consistently recorded one of the lowest unemployment rates in India due to its highly industrialized economy and robust manufacturing sector absorbing the workforce.
Question 49 Discuss
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Which of the following is a difference between self-help groups (SHGs) and microfinance institutions (MFIs) in India?

A
SHGs are non-profit organisations, while MFIs are for-profit organisations.
B
SHGs provide only credit, while MFIs provide a range of financial services.
C
SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.
D
SHGs rely on government subsidies for funding, while MFIs rely on commercial sources of funding.

Answer & Explanation

Correct Option: C

Self-Help Groups are informal, community-based savings groups, whereas Microfinance Institutions are formal, registered entities that provide a wider array of financial products.
Question 50 Discuss
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Identify the sequence of implementation of the following taxes. I.Land revenue II.Sales tax III.MODVAT IV.Service tax

A
III, II, IV, I
B
II, IV, I, III
C
IV, II, I, III
D
I, II, III, IV

Answer & Explanation

Correct Option: D

Land revenue is an ancient tax, sales tax emerged in the mid-20th century, MODVAT was introduced in 1986, and Service tax was implemented in 1994.
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