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 31 Discuss
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Which of the following is NOT one of the four primary explicit goals of five-year plans?

A
Equity
B
Education
C
Self-reliance
D
Growth

Answer & Explanation

Correct Option: B

The four foundational pillars of India's early Five-Year Plans were growth, modernization, self-reliance, and equity; while education was critical, it was considered a subset of modernization and equity.
Question 32 Discuss
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What is the national female workforce participation rate as per the Census of India 2011?

A
53.26%
B
30.02%
C
25.51%
D
53.03%

Answer & Explanation

Correct Option: C

According to the 2011 Census, the female Work Participation Rate (WPR) was notably low at 25.51%, reflecting a significant gender disparity in formal employment across the country.
Question 33 Discuss
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Reserve ratio and money supply have relationship.

A
no
B
a negative
C
a linear
D
a symmetrical

Answer & Explanation

Correct Option: B

A higher reserve ratio dictates that banks must hold more cash in reserve, leaving them with less capital to lend out, which directly contracts or negatively impacts the total money supply.
Question 34 Discuss
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Which of the following is a qualitative instrument of monetary policy used by the RBI?

A
CRR
B
Bank rate
C
Variable reserve ratio
D
Credit rationing

Answer & Explanation

Correct Option: D

Quantitative instruments regulate the overall volume of credit in the economy, whereas qualitative instruments, such as credit rationing, dictate the direction and distribution of credit to specific sectors.
Question 35 Discuss
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Which of the following rural development programmes was launched in 1973-74 to tackle the problems of drought-affected areas?

A
National Horticulture Mission
B
Drought Prone Area Programme
C
Micro Irrigation Programme
D
Jute Technology Mission

Answer & Explanation

Correct Option: B

The Drought Prone Area Programme (DPAP) was initiated by the central government in 1973-74 to mitigate the adverse impacts of drought on agricultural production, livestock, and land resources.
Question 36 Discuss
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Which of the following is an INCORRECTLY stated social impact of the Green Revolution?

A
Cultivation became more intensive in nature.
B
In its second phase, there was a shift to from dry to wet (irrigate
C
Cultivation became more extensive in nature.
D
There was change in the cropping pattern and types of crops grown in its second phase.

Answer & Explanation

Correct Option: C

The Green Revolution was defined by intensive cultivation (achieving higher yields per hectare using advanced inputs) rather than extensive cultivation (which means simply expanding the total physical area of farmland).
Question 37 Discuss
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As per the National Multidimensional Poverty Index Report 2023, which of the following states has the least population concentration in the Multidimensional poverty index?

A
Goa
B
Sikkim
C
Kerala
D
Tamil Nadu

Answer & Explanation

Correct Option: C

Kerala consistently leads human development indices in India and recorded the lowest multidimensional poverty headcount ratio across all states in the NITI Aayog 2023 MPI report.
Question 38 Discuss
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Special Drawing Rights are also known as .

A
Golden Papers
B
International Reserves Money
C
Paper Gold
D
Gold Papers

Answer & Explanation

Correct Option: C

Special Drawing Rights (SDRs) are supplementary foreign exchange reserve assets defined by the IMF, colloquially referred to as "Paper Gold" because they act as an alternative to physical gold reserves.
Question 39 Discuss
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Which of the followings statements is/are true about private goods? I. Rivalrous in consumption II. Non-excludability III. Negative marginal cost

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

Answer & Explanation

Correct Option: B

Private goods are defined by two main characteristics: they are excludable (non-payers can be prevented from accessing them) and rivalrous (one person's consumption depletes the availability for others).
Question 40 Discuss
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In which year was 'Self Help Group - Bank Linkage Programme' (SHG-BLP) introduced in India?

A
1992
B
1984
C
2000
D
1996

Answer & Explanation

Correct Option: A

The SHG-Bank Linkage Programme was launched by NABARD in 1992 as a pioneering pilot project to connect the informal rural economy with the formal commercial banking sector.
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