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 81 Discuss
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Which committee was formed to review the Microfinance sector in India, and in which year?

A
Dr. C Rangarajan; 1996
B
Dr. YV Reddy; 1998
C
Dr. KV Kamath; 1995
D
Dr. PK Mohanty; 1998

Answer & Explanation

Correct Option: B

Regulatory frameworks for the microfinance sector have been heavily influenced by foundational committees, such as those led by leading economists to ensure robust and transparent growth.
Question 82 Discuss
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As per a report of the Ministry of Labour and Employment, what was the rate of unemployment in Maharashtra for the year 2021-22?

A
3.5%
B
3.01%
C
4.2%
D
4.4%

Answer & Explanation

Correct Option: A

Data from the Periodic Labour Force Survey (PLFS) indicated that Maharashtra maintained a relatively low unemployment rate of 3.5% in 2021-22, reflecting its diverse and robust industrial base.
Question 83 Discuss
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According to Census of India 2011, which of the following states recorded the least population?

A
Tamil Nadu
B
Gujarat
C
Sikkim
D
Punjab

Answer & Explanation

Correct Option: C

With a population of just over 610,000, Sikkim holds the distinction of being the least populous state in India according to the 2011 Census.
Question 84 Discuss
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What is the primary aim of Regional Rural Banks in India?

A
Development of rural economy
B
Development of urban economy
C
Development of semi-urban economy
D
Development of metropolitan economy

Answer & Explanation

Correct Option: A

Regional Rural Banks (RRBs) were established in 1975 under the RRB Act to ensure sufficient institutional credit for agriculture and other rural sectors to drive rural economic development.
Question 85 Discuss
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According to the census of India 2011, which state has the lowest population growth rate?

A
Jharkhand
B
Punjab
C
Uttar Pradesh
D
Nagaland

Answer & Explanation

Correct Option: D

The 2011 Census revealed that Nagaland was the only Indian state to register a negative decadal population growth rate of -0.58%.
Question 86 Discuss
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The financial year in India starts from 1st April and ends on .

A
30th June
B
31st March
C
31st July
D
31st May

Answer & Explanation

Correct Option: B

The Indian government and businesses follow a fiscal year that runs from April 1st to March 31st for all financial reporting, budgeting, and taxation purposes.
Question 87 Discuss
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The Green Revolution was due to the introduction of:

A
irrigation
B
fertilisers
C
high yielding varieties of seeds
D
fisheries

Answer & Explanation

Correct Option: C

The cornerstone of the Green Revolution was the introduction and mass cultivation of High Yielding Variety (HYV) seeds, particularly for wheat and rice, which dramatically increased crop yields.
Question 88 Discuss
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According to Census 2011, India's population accounts of the world's population.

A
20%
B
15%
C
10%
D
17.5%

Answer & Explanation

Correct Option: D

While accounting for only about 2.4% of the world's surface area, India supported a massive 17.5% of the total global population as per the 2011 Census.
Question 89 Discuss
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Oil India Limited (OIL) is under the administrative structure of:

A
Ministry of Petroleum and Natural Gas
B
Ministry of Power
C
Ministry of Commerce and Industry
D
Ministry of New and Renewable Energy

Answer & Explanation

Correct Option: A

Oil India Limited is a central public sector enterprise that operates under the direct administrative control and supervision of the Ministry of Petroleum and Natural Gas.
Question 90 Discuss
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Which of the following methods measures poverty on the basis of income and consumption levels?

A
Poverty limit
B
Poverty line
C
Poverty bar
D
Poverty band

Answer & Explanation

Correct Option: B

The poverty line is a critical economic threshold utilized to measure poverty, determined by calculating the minimum income or consumption level required to secure basic life necessities.
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