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 331 Discuss
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……was announced as part of the Atma Nirbhar Bharat Package in 2020 with the objective to help businesses including MSMEs to meet their operational liabilities and resume businesses in view of the distress caused by the COVID-19 crisis, by providing Member Lending Institutions (MLIs), 100 percent guarantee against any losses suffered by them due to non repayment of the ECLGS funding by borrowers.'

A
Emergency Credit Line Guarantee Scheme
B
Mission Karmayogi
C
Sahakar Pragya Yojana
D
Stand-up India

Answer & Explanation

Correct Option: A

The Emergency Credit Line Guarantee Scheme (ECLGS) was launched during the COVID-19 pandemic to offer 100% guarantee coverage, incentivizing banks to provide urgent, collateral-free credit to struggling MSMEs.
Question 332 Discuss
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According to Census of India 1901, what was the total population of India?

A
238.40 million
B
360.23 million
C
620.12 million
D
845.80 million

Answer & Explanation

Correct Option: A

The 1901 Census, conducted during the British colonial era, estimated the total population of undivided India at approximately 238.4 million people.
Question 333 Discuss
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According to Agricultural Statistics at a Glance 2022, Government of India, which state produced 44.48% groundnut of India during the year 2021-2022?

A
Gujarat
B
Tamil Nadu
C
Rajasthan
D
Maharashtra

Answer & Explanation

Correct Option: A

Owing to highly favorable agro-climatic conditions and well-drained soils in the Saurashtra region, Gujarat heavily dominated India's groundnut production in 2021-2022.
Question 334 Discuss
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According to the census of India 2011, which of the following states has the highest density of population per square kilometre?

A
Uttar Pradesh
B
Maharashtra
C
West Bengal
D
Odisha

Answer & Explanation

Correct Option: C

While Bihar holds the absolute top spot nationally, among the given options, West Bengal registered the highest population density with 1,028 persons per square kilometer.
Question 335 Discuss
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According to Census of India 2011, in which Union Territory was the highest population growth rate recorded?

A
Dadra and Nagar Haveli
B
Daman and Diu
C
Andaman and Nicobar Islands
D
Chandigarh

Answer & Explanation

Correct Option: A

Dadra and Nagar Haveli recorded an exceptionally high decadal population growth rate of 55.88% between 2001 and 2011, the highest among all states and Union Territories.
Question 336 Discuss
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Which of the following sentences is/are true? i. After independence, about two-thirds of India's population is now (2011 Census) literate. ii. In India, between 2001 and 2011, male literacy rose faster than female literacy. iii. Female literacy rose by about 10.4 per cent between 2001 and 2011 in India.

A
Only i and ii
B
Only ii and iii
C
Only ii
D
Only i and iii

Answer & Explanation

Correct Option: D

Between the 2001 and 2011 censuses, female literacy actually grew at a faster rate compared to male literacy, effectively helping to narrow the historical gender gap in education.
Question 337 Discuss
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Calculate personal income from the following data. I. National Income = ₹1,000 II. Corporate tax = ₹10 III. Subsidies = ₹5 IV. Undistributed profits = ₹15 V. Rent = ₹15

A
975
B
990
C
985
D
960

Answer & Explanation

Correct Option: A

Personal Income is determined by subtracting corporate taxes and undistributed profits from National Income (1000 - 10 - 15 = 975).
Question 338 Discuss
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Which of the following sentence/s is/are NOT correct? i. The detailed estimates of revenue receipts are usually presented in the finance bill. ii. Non-tax revenue of the central government mainly consists of taxes imposed on goods imported into and exported out of India. iii. Revenue receipts are redeemable.

A
Only i
B
i and ii
C
ii and iii
D
i and iii

Answer & Explanation

Correct Option: C

Taxes on imports and exports are customs duties (which are tax revenues, not non-tax), and revenue receipts are inherently non-redeemable since they create no future repayment liability.
Question 339 Discuss
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Match the following states with their percentage urban population in India, as per Census 2011. i) Kerala (A) 10.04% ii) Madhya Pradesh (B) 47.72% iii) Tamil Nadu (C) 27.63% iv) Himachal Pradesh (D) 48.45%

A
i-B, ii-C, iii-D, iv-A
B
i-A, ii-B, iii-C, iv-D
C
i-C, ii-A, iii-D, iv-B
D
i-D, ii-C, iii-B, iv-A

Answer & Explanation

Correct Option: A

According to 2011 Census urbanization figures, Tamil Nadu (48.4%) and Kerala (47.7%) are highly urbanized, whereas Himachal Pradesh remains predominantly rural (10% urban).
Question 340 Discuss
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Which of the following statements is/are correct? I.M0 is called broad money II.M1 is called narrow money III.M0 = Currency in Circulation + Bankers' Deposits with RBI + 'Other' Deposits with RBI

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

Answer & Explanation

Correct Option: B

M1 is officially termed 'narrow money' due to its immediate liquidity, while M0, representing reserve money, accurately consists of currency in circulation alongside RBI deposits.
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