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 201 Discuss
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In which year did Rangrajan Committee for estimating poverty line submit its report?

A
2012
B
2016
C
2010
D
2014

Answer & Explanation

Correct Option: D

The influential Rangarajan Committee, heavily appointed by the Indian government to deeply review complex poverty measurement methodology, formally submitted its incredibly comprehensive final report in June 2014.
Question 202 Discuss
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In the first phase of the Green Revolution, which states primarily benefited from the use of HYV seeds?

A
Punjab, Uttar Pradesh and Bihar
B
Tamil Nadu, Kerala and Karnataka
C
Rajasthan, Gujarat and Maharashtra
D
Punjab, Andhra Pradesh, and Tamil Nadu

Answer & Explanation

Correct Option: D

During the highly initial phase of the massive Green Revolution in the mid-1960s to 1970s, the adoption of HYV seeds was largely heavily concentrated in rich wheat-growing regions like Punjab and extremely well-irrigated rice belts in Andhra Pradesh and Tamil Nadu.
Question 203 Discuss
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The policy of Permanent Settlement was introduced in India in .

A
1783
B
1793
C
1763
D
1773

Answer & Explanation

Correct Option: B

The strict Permanent Settlement, widely known as the oppressive Zamindari System, was forcefully introduced by British Governor Lord Cornwallis in 1793, legally and permanently fixing huge land revenue demands initially in Bengal and Bihar.
Question 204 Discuss
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The Socio-Economic and Caste Census (SECC) 2011 (Rural) of India allows ranking of the households under 'Others' category based on their status on deprivation parameters.

A
seven
B
nine
C
three
D
five

Answer & Explanation

Correct Option: A

For completely massive amounts of rural households that were neither automatically excluded nor automatically included, the SECC 2011 heavily assessed severe poverty accurately based entirely on exactly seven highly specific deprivation indicators, such as lack of housing or absolute landlessness.
Question 205 Discuss
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According to the 2011 census of India, which of the following states has a total literacy rate of 91.3 percent?

A
Kerala
B
Manipur
C
Mizoram
D
Sikkim

Answer & Explanation

Correct Option: C

According to the detailed findings of the 2011 Census, Mizoram wonderfully recorded an exceptionally high total literacy rate of strictly 91.33%, easily making it the second most highly literate state in India firmly behind Kerala.
Question 206 Discuss
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Which of the following measures of money supply is most liquid?

A
M2
B
M1
C
M3
D
M4

Answer & Explanation

Correct Option: B

In the Reserve Bank of India's highly strict monetary aggregates, M1 is robustly considered the absolute most liquid measure of massive money supply, precisely as it exclusively comprises easily exchangeable public currency and fully readily available demand deposits in modern banks.
Question 207 Discuss
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The establishment of the Industrial Development Bank of India (IDBI) in 1964 was a significant step toward:

A
Promoting heavy industries
B
Encouraging small-scale industries
C
Providing housing loans
D
Supporting agricultural cooperatives

Answer & Explanation

Correct Option: A

The massive Industrial Development Bank of India (IDBI) was legally established in 1964 as a wholly-owned, highly powerful subsidiary of the RBI exactly to securely act as the principal financial institution for massively coordinating long-term industrial finance and strictly promoting heavy industries.
Question 208 Discuss
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The objective of the "Gadgil Formula," introduced during the Fourth Five Year Plan, was to allocate plan assistance to states based on their:

A
Agricultural production and exports
B
Population and per capita income
C
Area and literacy rate
D
Industrial output and trade balance

Answer & Explanation

Correct Option: B

Introduced crucially in 1969, the objective Gadgil Formula legally determined the strict allocation of massive central plan assistance to different states entirely based on rigid criteria, incredibly heavily weighing their massive population density and strict inverse per capita income.
Question 209 Discuss
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Who chairs the parliamentary committee report that prepared the report 'Covid-19 Pandemic: Global Response, India's Contributions and the Way Forward'?

A
Rajnath Singh
B
P P Chaudhary
C
Narendra Modi
D
Arun Jetli

Answer & Explanation

Correct Option: B

The powerful parliamentary standing committee strictly on External Affairs, actively chaired by P. P. Chaudhary, heavily drafted the massive comprehensive report deeply analyzing India's massive global response and incredibly vast contributions securely during the deadly COVID-19 pandemic.
Question 210 Discuss
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Transportation and storage falls under which sector of economic activity?

A
Secondary sector
B
Primary sector
C
Tertiary Sector
D
Service sector

Answer & Explanation

Correct Option: C

The immense tertiary (service) sector of the entire economy deeply involves the strict, continuous provision of highly vital services rather than manufacturing end products, actively encompassing crucial structural logistical activities exactly like widespread transportation, huge distribution, and secure storage.
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