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 321 Discuss
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If a government wants to boost economic growth in a recession, which measure is it likely to take?

A
Increase taxes significantly
B
Reduce public spending
C
Implement strict trade barriers
D
Increase public spending

Answer & Explanation

Correct Option: D

During an economic recession, a government typically employs expansionary fiscal policy, which centers on increasing public spending to artificially stimulate aggregate demand and job creation.
Question 322 Discuss
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According to Census of India 2011, what is the percentage of Hindu population in India?

A
79.8%
B
84.1%
C
75.6%
D
72.7%

Answer & Explanation

Correct Option: A

The official religious demographic data released from the 2011 Census indicated that Hindus made up approximately 79.8% of India's total population.
Question 323 Discuss
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According to Census of India 2011, which state recorded the second highest literacy rate in India?

A
Nagaland
B
Goa
C
Tripura
D
Mizoram

Answer & Explanation

Correct Option: D

With a highly commendable literacy rate of 91.33%, the northeastern state of Mizoram ranked second nationally, trailing just behind Kerala.
Question 324 Discuss
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Which of the following is NOT included while estimating National Income? I. Goods sold by street hawkers II. Services of housewives III. Production of vegetable in kitchen garden

A
Only II and III
B
Only I and II
C
Only III
D
All I, II and III

Answer & Explanation

Correct Option: D

Non-market transactions (like domestic work) and highly unorganized sector activities are practically excluded from official National Income estimates due to the immense difficulty in monetizing and measuring their exact economic value.
Question 325 Discuss
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If the government decides to privatise a major public sector industry, what might be an unintended consequence?

A
Enhancement of operational efficiency
B
Potential monopolistic practices
C
Reduction in corruption
D
Immediate increase in public revenue

Answer & Explanation

Correct Option: B

If a public sector monopoly is privatized without introducing adequate market competition or strong regulatory frameworks, it risks becoming a private monopoly that can abuse market pricing.
Question 326 Discuss
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Which institution was formed on 2 April 1990?

A
EXIM Bank
B
SIDBI
C
|RB|
D
NHB

Answer & Explanation

Correct Option: B

The Small Industries Development Bank of India (SIDBI) was officially established on April 2, 1990, to serve as the principal financial institution for the MSME sector.
Question 327 Discuss
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According to Census of India 2011, what is the population growth rate in the Hindu community?

A
8.3%
B
24.9%
C
16.8%
D
30.2%

Answer & Explanation

Correct Option: C

Data from the 2011 Census demonstrated a decline in the decadal growth rate of the Hindu population, falling from 19.92% in the previous decade to 16.8%.
Question 328 Discuss
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According to Census of India 2011, which state recorded the second lowest literacy rate in India?

A
Assam
B
Arunachal Pradesh
C
Manipur
D
Tripura

Answer & Explanation

Correct Option: B

Following Bihar, which sat at the bottom, Arunachal Pradesh recorded the second lowest literacy rate among Indian states at 65.4% during the 2011 Census.
Question 329 Discuss
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Which agency supported the Bihar State Rural Livelihoods Mission (Jeevik(A) in developing digital financial services?

A
World Bank
B
Bill & Melinda Gates Foundation
C
Asian Development Bank
D
Reserve Bank of India

Answer & Explanation

Correct Option: B

The Bill & Melinda Gates Foundation provided significant technical support to JEEViKA to enhance digital financial inclusion and deliver modernized financial services across rural Bihar.
Question 330 Discuss
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According to Census 2011 of India, which of the following groups of union territories has the highest urban population?

A
Chandigarh and Lakshadweep
B
Daman & Diu and Lakshadweep
C
Puducherry and Lakshadweep
D
Puducherry and Chandigarh

Answer & Explanation

Correct Option: A

Chandigarh and Lakshadweep feature exceptionally high rates of urbanization, with Chandigarh's population being nearly entirely urbanized (over 97%) according to 2011 data.
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