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 41 Discuss
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Taxes such as estate duty and wealth tax, which yield low revenue relative to the cost of collection, are often referred to as:

A
Rich taxes
B
Paper taxes
C
Paperless taxes
D
Direct taxes

Answer & Explanation

Correct Option: B

"Paper taxes" refer to levies that exist primarily on the statute books but generate negligible actual tax revenue, often costing more to administer than they yield.
Question 42 Discuss
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During which Five-Year Plan was the Minimum Needs Programme introduced?

A
Sixth Five Year Plan
B
Fourth Five Year Plan
C
Eighth Five Year Plan
D
Fifth Five Year Plan

Answer & Explanation

Correct Option: D

The Minimum Needs Programme (MNP) was introduced in the first year of the Fifth Five-Year Plan (1974-1979) with the objective of providing a basic standard of living to the rural poor.
Question 43 Discuss
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……..are organized institutions that accept deposits from depositors and advance loans to borrowers.

A
Hospitals
B
Hotels
C
Banks
D
Schools

Answer & Explanation

Correct Option: C

Commercial banks act as the primary financial intermediaries in an economy, functioning by accepting demand and time deposits from the public and extending credit to borrowers.
Question 44 Discuss
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The famous work "Arthashastra" attributed to which ancient Indian scholar and strategist?

A
Chanakya
B
Panini
C
Valmiki
D
Kalidasa

Answer & Explanation

Correct Option: A

The "Arthashastra" is an ancient Indian treatise on statecraft, economic policy, and military strategy traditionally authored by Kautilya, who is also widely known as Chanakya.
Question 45 Discuss
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The Green Revolution in India primarily focused on improving the production of .

A
wheat and rice
B
cotton and maize
C
wheat and maize
D
rice and cotton

Answer & Explanation

Correct Option: A

The introduction of High-Yielding Variety (HYV) seeds during the Green Revolution was predominantly targeted at cereal crops, sparking massive production leaps specifically in wheat and rice.
Question 46 Discuss
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The literacy rate is defined by the percentage of the population of a given age group that can .

A
Write only
B
Read and Write
C
Read only
D
Speak

Answer & Explanation

Correct Option: B

According to the Indian Census methodology, a person aged seven and above who can both read and write with understanding in any recognized language is officially considered literate.
Question 47 Discuss
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Sex ratio is used to describe the number of females per males.

A
10
B
100
C
1000
D
10000

Answer & Explanation

Correct Option: C

In India's demographic context, the sex ratio is standardized and measured as the number of females per 1,000 males in a given geographic population.
Question 48 Discuss
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Generally, the sex ratios have been calculated as the proportion of females to males.

A
200
B
1000
C
500
D
100

Answer & Explanation

Correct Option: B

By long-standing demographic standards in India and many other countries, the sex ratio is typically expressed against a baseline of 1,000 males to easily identify and compare gender imbalances.
Question 49 Discuss
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Who is known as the Father of the Green Revolution in India?

A
Verghese Kurien
B
Durgesh Patel
C
Sam Pitroda
D
M.S Swaminathan

Answer & Explanation

Correct Option: D

Dr. M.S. Swaminathan, an eminent agricultural scientist, is widely recognized as the Father of the Green Revolution in India for his critical role in developing and introducing high-yielding wheat varieties.
Question 50 Discuss
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In the Population Census of 2011, the sex ratio in India is females per 1000 males.

A
1020
B
890
C
899
D
943

Answer & Explanation

Correct Option: D

The 2011 Census of India recorded an overall national sex ratio of 943 females for every 1,000 males, showing an upward trend compared to the 2001 census.
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