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 231 Discuss
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The First Economic Census of India was conducted throughout the country, except Lakshadweep, during in collaboration with the States/Union Territories (UTs).

A
1997
B
1987
C
1967
D
1977

Answer & Explanation

Correct Option: D

To gather comprehensive data on the unorganized, non-agricultural sectors of the economy, the Central Statistical Organisation (CSO) conducted the First Economic Census in 1977.
Question 232 Discuss
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With respect to economic planning in India, the Bombay Plan was published in how many parts ?

A
Three
B
Four
C
Five
D
Two

Answer & Explanation

Correct Option: D

The Bombay Plan, drafted by a consortium of leading Indian industrialists for post-WWII economic development, was officially published in two sequential parts between 1944 and 1945.
Question 233 Discuss
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According to the 2011 census of India, which of the following states/UTs is most literate?

A
Andaman & Nicobar Islands
B
Tamil Nadu
C
Chandigarh
D
Goa

Answer & Explanation

Correct Option: D

Among the options provided, Goa had the highest literacy rate at 88.7% according to the 2011 Census of India.
Question 234 Discuss
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According to the data of 2011-12, which of the following is the poverty rate of bihar? (approximate)

A
33.7%
B
43.7%
C
53.7%
D
63.7%

Answer & Explanation

Correct Option: A

Applying the methodology of the Tendulkar Committee, the poverty headcount ratio for Bihar in the year 2011-12 was calculated at approximately 33.74%.
Question 235 Discuss
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The of a firm during a year ≡ production of the firm during the year - sale of the firm during the year.

A
change in inventory
B
value added
C
net profit
D
gross domestic product

Answer & Explanation

Correct Option: A

In economics, the change in inventory for a firm over a year is determined by taking the total production volume and subtracting the total sales volume.
Question 236 Discuss
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The growth targets for the fourth five-year plan was set with respect to .

A
Gross Domestic Product
B
National Income
C
Gross National Product
D
Net Domestic Product

Answer & Explanation

Correct Option: D

Unlike previous plans, the Fourth Five-Year Plan of India distinctly set its economic growth targets in terms of Net Domestic Product (NDP) to account for capital depreciation.
Question 237 Discuss
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By the end of which of the following Five-year plans of India, five IITs were set up in the country?

A
First
B
Second
C
Third
D
Fourth

Answer & Explanation

Correct Option: A

To build a robust foundation for technical and scientific education, the Indian government established the first five Indian Institutes of Technology (IITs) by the end of the First Five-Year Plan (1951-1956).
Question 238 Discuss
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Which of the following Indian states has less sex ratio then combined sex ratio of India, according to 2011 census of India?

A
Uttarakhand
B
Gujarat
C
Assam
D
Jharkhand

Answer & Explanation

Correct Option: B

The national sex ratio in the 2011 Census was 943 females per 1000 males; Gujarat's state sex ratio fell below this average at 919.
Question 239 Discuss
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According to the data from the Ministry of Mines, the largest resources of gold ore (primary) are located in which of the following Indian states?

A
Bihar
B
Karnataka
C
West Bengal
D
Rajasthan

Answer & Explanation

Correct Option: A

According to the Ministry of Mines, Bihar holds the largest geological reserves of primary gold ore in India, representing approximately 44% of the country's total resources.
Question 240 Discuss
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What are the two main forms of protection used to shield domestic industries from foreign competition in an inwardlooking trade strategy?

A
Tariffs and subsidies
B
Tariffs and quotas
C
Quotas and subsidies
D
Tariffs and price controls

Answer & Explanation

Correct Option: B

An inward-looking trade strategy—or import substitution—relies primarily on tariffs to make imports expensive and quotas to limit the physical quantity of foreign goods entering the market.
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