Economics Jkssb Economics Set 2 Mcqs (342 MCQs) | JKSSB & SSC Quiz

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jkssb economics set 2 mcqs

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Practice Questions

342 Total
Question 91 Discuss
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The Government is a statement of expected receipts and expected expenditures of the Government (for the coming fiscal year) that reveals the budgetary policy of the Government to achieve the twin objective of growth and stability.

A
Policy
B
Plan
C
Budget
D
Revenue

Answer & Explanation

Correct Option: C

The Annual Financial Statement, far more commonly known as the Government Budget, is a constitutional requirement that outlines the state's anticipated revenues and spending for the upcoming fiscal year.
Question 92 Discuss
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In the secondary sector, what kinds of activities are typically carried out?

A
Providing support services to industries
B
Growing crops and raising livestock
C
Extracting natural resources
D
Producing finished products from raw materials

Answer & Explanation

Correct Option: D

The secondary sector encompasses manufacturing, processing, and construction industries, where primary natural resources are transformed into finished, value-added, consumable goods.
Question 93 Discuss
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Which term is used to denote the mean income computed for every man, woman, and child in a particular group including those living in group quarters?

A
GDP
B
Per hundred income
C
Per capita income
D
PRCS

Answer & Explanation

Correct Option: C

Per capita income is a measure calculated by dividing an area's total economic output or income by its total population, serving as a standard indicator of average wealth and living standards.
Question 94 Discuss
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Which Five-Year Plan of India was known as the "Mahalanobis Plan"?

A
Second Five-Year Plan
B
First Five-Year Plan
C
Third Five-Year Plan
D
Fourth Five-Year Plan

Answer & Explanation

Correct Option: A

Driven by the Mahalanobis economic model, the Second Five-Year Plan (1956-61) aggressively shifted India's economic focus from agriculture toward rapid, state-led industrialization and capital goods production.
Question 95 Discuss
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…..is the total process of collecting, compiling, analyzing and disseminating demographic, economic and social data pertaining, at a specific time, of all persons in a country or a well-defined part of a country.

A
Constitution
B
Population
C
Population Census
D
National Survey

Answer & Explanation

Correct Option: C

A Population Census is the official, systematic enumeration of a nation's population, vital for conducting demographic analysis, ensuring proper public administration, and guiding socio-economic planning.
Question 96 Discuss
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Which of the following statements is correct regarding the ninth five-year plan of India? I. The plan focused on growth with social justice and equality. II. The time period of the ninth-five-year plan is 1997-2002.

A
Neither I nor II
B
Both I and II
C
Only I
D
Only II

Answer & Explanation

Correct Option: B

Launched during India's 50th year of independence, the Ninth Five-Year Plan (1997-2002) explicitly aimed at achieving robust economic growth while simultaneously prioritizing social justice and broad-based equity.
Question 97 Discuss
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Which neighboring country of India experienced a severe economic and sovereign debt crisis in 2022, leading to widespread protests?

A
Pakistan
B
Sri Lanka
C
China
D
Bangladesh

Answer & Explanation

Correct Option: B

In 2022, Sri Lanka faced its worst economic crisis since independence, ultimately defaulting on its foreign debt and suffering from critical shortages of foreign exchange, fuel, and essential goods.
Question 98 Discuss
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In India, APEDA stands for:

A
Agricultural and Pure Food Products Export Development Authority
B
Agricultural and Processed Food Products Export Development Authority
C
Agricultural and Processed Food material Export Development Authority
D
Agricultural and Processed Food Products Import Development Authority

Answer & Explanation

Correct Option: B

APEDA was established by the Government of India under the APEDA Act of 1985 to actively promote, regulate, and develop the export of scheduled agricultural and processed food products.
Question 99 Discuss
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Which of the following Union Territories of India has the highest sex ratio as per the 2011 census of India?

A
Chandigarh
B
Puducherry
C
Andaman & Nicobar Islands
D
Dadra & Nagar Haveli

Answer & Explanation

Correct Option: B

According to the 2011 Census, Puducherry recorded the highest sex ratio among all Union Territories, registering 1,037 females for every 1,000 males.
Question 100 Discuss
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Read the statements about India's Five-Year Plans: A) 'Garibi Hatao' (Poverty Alleviation) was a major theme in the 1970s. B) The pursuit of self-reliance was a core objective of early planning.

A
Only A
B
Neither A nor B
C
Both A and B
D
Only B

Answer & Explanation

Correct Option: C

India's planning framework heavily emphasized becoming economically self-reliant (Statement B), and during the Fifth Five-Year Plan era, "Garibi Hatao" became a defining national objective (Statement A).
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