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 71 Discuss
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The government of which of the following states allocated ₹ 11,728 crore for the Aasara pension scheme in its annual budget for the fiscal year 2022-23?

A
Telangana
B
Odisha
C
Gujarat
D
Chhattisgarh

Answer & Explanation

Correct Option: A

The Aasara pension scheme is a major welfare initiative by the Telangana government aimed at providing financial security to the elderly, widows, weavers, and people with disabilities.
Question 72 Discuss
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The Government of India allowed automatic approval of % of FDI by Reserve Bank of India in nine categories of industries.

A
Up to 51
B
Up to 60
C
Up to 41
D
Up to 74

Answer & Explanation

Correct Option: D

To boost foreign capital inflow and technology transfer, the government liberalized FDI norms, allowing up to 74% automatic approval in specific critical sectors.
Question 73 Discuss
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Which of the following is NOT correct regarding circular flow of income?

A
Savings as well as government expenditure are injections to the circular flow.
B
The income of one sector becomes the expenditure of the other.
C
In a circular flow, leakages are equal to injections.
D
The real flow and monetary flow move in a circular manner in an opposite direction.

Answer & Explanation

Correct Option: A

In macroeconomics, savings represent a leakage or withdrawal from the circular flow of income, whereas government expenditure acts as an injection into the economy.
Question 74 Discuss
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Which of the following is a component of the SHG-bank linkage program in India?

A
Microfinance institutions providing loans directly to SHGs
B
Banks providing loans to individual members of SHGs
C
Non-governmental organisations providing capacity building training to SHGs
D
State government providing subsidies to SHGs for credit

Answer & Explanation

Correct Option: B

Banks extend credit facilities to the SHGs, which then distribute the funds as loans to their individual members, bridging the gap between formal banking and the unbanked.
Question 75 Discuss
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According to the Census of India 2011, the percentage of adolescent population (10-19 years) from the total population is how much?

A
22.9%
B
21.9%
C
20.9%
D
19.9%

Answer & Explanation

Correct Option: C

The 2011 Census highlighted India's massive youth demographic dividend, revealing that over one-fifth (20.9%) of the nation's total population was between the ages of 10 and 19.
Question 76 Discuss
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Money supply is a concept.

A
stock
B
measurable
C
non-measurable
D
flow

Answer & Explanation

Correct Option: A

Money supply is considered a "stock" concept because it is measured at a specific point in time, unlike a "flow" variable which is measured over a period of time.
Question 77 Discuss
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The headquarters of the second Green Revolution cell was in .

A
Raipur
B
Patna
C
Kolkata
D
Bhubaneswar

Answer & Explanation

Correct Option: B

To spearhead the Second Green Revolution targeting the eastern states, a special coordination cell was established with its headquarters in Patna, Bihar.
Question 78 Discuss
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When the analysis of population density is done by calculating it through net cultivated area, then the measure is termed as:

A
Agricultural density
B
Physiological density
C
Gross density
D
Net density

Answer & Explanation

Correct Option: B

Physiological density is calculated by dividing the total population by the area of arable (cultivable) land, providing a more accurate measure of the pressure on agricultural resources.
Question 79 Discuss
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The green revolution technology resulted in an increase in production of cereal production from 72.4 million tons in 1965-66 to million tons in 1978-79.

A
150.8
B
165.9
C
131.9
D
141.2

Answer & Explanation

Correct Option: C

The widespread adoption of Green Revolution technologies resulted in a massive agricultural boom, nearly doubling cereal production to 131.9 million tons by the late 1970s.
Question 80 Discuss
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Match the following items. List I List II i. Global System of Trade Preferences

A
i (d), ii (a), iii (b), iv (c)
B
i (b), ii (a), iii (d), iv (c)
C
i (c), ii (d), iii (a), iv (b)
D
i (b), ii (c), iii (d), iv (a)

Answer & Explanation

Correct Option: D

The Global System of Trade Preferences (GSTP) and similar international trade agreements are crucial frameworks designed to promote trade and economic cooperation among developing nations.
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