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 151 Discuss
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The "Licence Raj" in India during the mid-20th century referred to a system of:

A
Trade unions
B
Export incentives
C
Import restrictions
D
Industrial licensing

Answer & Explanation

Correct Option: D

The 'Licence Raj' pejoratively refers to the elaborate, restrictive system of government licenses, regulations, and red tape that were strictly required to set up and operate private businesses in India prior to the 1991 reforms.
Question 152 Discuss
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The Office of the Registrar General and Census Commissioner comes under which of the following ministries of Government of India

A
Ministry of Statistics and Program Implementation
B
Ministry of Labour and Employment
C
Ministry of Home Affairs
D
Ministry of Commerce and Industry

Answer & Explanation

Correct Option: C

The Office of the Registrar General and Census Commissioner is a crucial statutory body operating strictly under the Ministry of Home Affairs, bearing the immense responsibility of conducting demographic surveys and the national census.
Question 153 Discuss
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Which of the following states have the lowest female literacy rates as per 2011 census?

A
Jharkhand
B
Kerala
C
Uttar Pradesh
D
Rajasthan

Answer & Explanation

Correct Option: D

According to the detailed 2011 Census data, Rajasthan alarmingly recorded the lowest female literacy rate in India at 52.12%, highlighting deep-rooted gender disparities in educational access within the state.
Question 154 Discuss
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Read the following about the Green Revolution in India.

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

Answer & Explanation

Correct Option: B

The Green Revolution marks a pivotal period when traditional Indian agriculture was structurally converted into a modern industrial system through the intense adoption of high-yielding variety (HYV) seeds, tractors, robust irrigation, and fertilizers.
Question 155 Discuss
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Read the following about balanced budget.

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

Answer & Explanation

Correct Option: D

A balanced budget effectively occurs when the government's total projected revenues are precisely equal to its total estimated expenditures in a given financial year, resulting in neither a fiscal deficit nor a surplus.
Question 156 Discuss
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CORRECT statement According to policy, instead of importing vehicles made in a foreign country, industries would be encouraged to produce them in India itself.

A
ruralisation
B
export substitution
C
import substitution
D
Indian substitution

Answer & Explanation

Correct Option: C

Import substitution is a heavily protective trade and economic policy which advocates actively replacing foreign imports with domestic production, an approach India relied on heavily to build self-reliance before the 1991 economic reforms.
Question 157 Discuss
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Failure of Third Plan that of the devaluation of rupee (to boost exports) along with inflationary recession led to postponement of Fourth FYP and therefore Annual Plans were introduced instead.

A
four
B
two
C
one
D
three

Answer & Explanation

Correct Option: D

Due to the severe economic crisis triggered by consecutive wars and droughts following the Third Plan, the Fourth Five-Year Plan was delayed. Instead, exactly three 'Annual Plans' were executed between 1966 and 1969, an era termed the 'Plan Holiday'.
Question 158 Discuss
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The finance commission of India consist of a chairman and .

A
10 members
B
4 members
C
3 members 196
D
6 members

Answer & Explanation

Correct Option: B

According to the mandates of Article 280 of the Indian Constitution, the Finance Commission must formally consist of a Chairman and four other appointed members, all selected directly by the President of India.
Question 159 Discuss
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As per 2011 Census Hindus form 79.80% with

A
over 100 crores
B
over 90 crores
C
over 110 crores
D
less than 80 crores

Answer & Explanation

Correct Option: B

According to the comprehensive 2011 Census data, Hindus constituted 79.80% of the total Indian demographic, which mathematically translated to an absolute population of approximately 96.63 crores, firmly putting it over 90 crores.
Question 160 Discuss
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What is the sex ratio of early childhood (0-6 years) according to the 2011 census of India (Females per Thousand Males)?

A
918
B
908
C
938
D
928

Answer & Explanation

Correct Option: A

The critical child sex ratio (representing ages 0-6 years) in India according to the 2011 Census alarmingly dropped to 918 females per 1,000 males, a noted decline from 927 in the previous 2001 Census.
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