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 301 Discuss
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What is the full form of GST?

A
Goods and Services Tax
B
Gifts and Services Tax
C
Goods and Sale Tax
D
Gifts and Sale Tax

Answer & Explanation

Correct Option: A

GST stands for Goods and Services Tax, a comprehensive destination-based indirect tax implemented across India to replace multiple cascading taxes.
Question 302 Discuss
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According to Census of India 2011, which state recorded the highest literacy rate in India?

A
Kerala
B
Goa
C
Punjab
D
Mizoram

Answer & Explanation

Correct Option: A

Continuing its historical legacy of prioritizing education, Kerala recorded the highest literacy rate in the country at 94.0% during the 2011 Census.
Question 303 Discuss
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What does the term 'e-commerce' refer to?

A
Trading of commodities
B
Buying and selling of goods and services over the internet
C
Exchange of goods for services
D
Government-regulated commerce

Answer & Explanation

Correct Option: B

Electronic commerce, commonly known as e-commerce, explicitly refers to the commercial transaction of buying and selling products or services across digital networks like the internet.
Question 304 Discuss
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According to Census of India 2011, which of the following states recorded apopulation density of more than 1100 persons per km2 ?

A
Rajasthan
B
Punjab
C
Kerala
D
Bihar

Answer & Explanation

Correct Option: D

In 2011, Bihar emerged as the most densely populated state in India, recording a staggering 1,106 persons per square kilometer.
Question 305 Discuss
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When was the First Five-Year Plan of India launched?

A
1950
B
1951
C
1952
D
1947

Answer & Explanation

Correct Option: B

India officially launched its First Five-Year Plan in 1951, focusing primarily on the development of the primary sector to overcome post-partition economic challenges.
Question 306 Discuss
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In business, what is a 'supply chain'?

A
A series of businesses that supply products to one another
B
The chain of command in a corporation
C
A network of all entities involved in producing and delivering a product
D
The total stock of a product in a market

Answer & Explanation

Correct Option: C

A supply chain is the entire system of interconnected organizations, resources, and activities required to transform raw materials into a final product and deliver it to the end consumer.
Question 307 Discuss
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Why is there a need to encourage Indian farmers to switch to sustainable crops / farming systems?

A
To increase upfront costs
B
To meet the current calorie needs of the population
C
To address environmental damage and degradation of ecosystem services
D
To reduce the use of technology in agriculture

Answer & Explanation

Correct Option: C

Decades of intensive conventional farming have severely depleted groundwater and degraded soils; sustainable systems are urgently needed to restore and protect these vital ecosystem services.
Question 308 Discuss
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What is the primary focus of the ASPIRE scheme of the Ministry of Micro, Small & Medium Enterprises, Government of India?

A
Urban development
B
Technology innovation
C
Environmental conservation
D
Establishment of livelihoods business incubation centres

Answer & Explanation

Correct Option: D

The ASPIRE scheme aims to promote rural entrepreneurship by establishing business incubation centers to foster innovation and generate employment in the agriculture and rural industry sectors.
Question 309 Discuss
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According to Census of India 2011, which is the second most populated state?

A
Bihar
B
Tamil Nadu
C
Maharashtra
D
Rajasthan

Answer & Explanation

Correct Option: C

Following Uttar Pradesh, Maharashtra emerged as the second most populous state in India according to the official demographic data of the 2011 Census.
Question 310 Discuss
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What was the child sex-ratio as per Census 2011 of India?

A
1000
B
890
C
919
D
1024

Answer & Explanation

Correct Option: C

The 2011 Census revealed an alarming decline in the child sex ratio (0-6 years), dropping from 927 in 2001 down to just 919 females per 1,000 males.
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