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 61 Discuss
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In the context of the Indian census, what is the definition of the literacy percentage?

A
The percentage of people who can read and write in English
B
The percentage of people who can perform basic arithmetic calculations
C
The percentage of people aged seven and above, who can read and write in any language
D
The percentage of people with a college degree

Answer & Explanation

Correct Option: C

The Census of India formally calculates the effective literacy rate based on the demographic segment aged seven years and above who can read and write with comprehension.
Question 62 Discuss
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Which of the following is the least populous state of India as per 2011 census?

A
Goa
B
Assam
C
Sikkim
D
Meghalaya

Answer & Explanation

Correct Option: C

Sikkim is officially the least populous state in India, recording a total population of just over 610,000 in the 2011 Census.
Question 63 Discuss
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Which crops were primarily involved in the Green Revolution in India through the use of high-yielding variety (HYV) seeds?

A
Pulses and oilseeds
B
Wheat and rice
C
Cotton and jute
D
Fruits and vegetables

Answer & Explanation

Correct Option: B

The agricultural boom of the Green Revolution was heavily concentrated on cereal crops, achieving its most remarkable successes with high-yielding dwarf varieties of wheat and rice.
Question 64 Discuss
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Which institution was established in 2015, in the place of Planning commission of India?

A
SEBI
B
RBI
C
NABARD
D
NITI Aayog

Answer & Explanation

Correct Option: D

The National Institution for Transforming India (NITI Aayog) was formed via a cabinet resolution on January 1, 2015, replacing the Planning Commission to serve as a modern policy think tank.
Question 65 Discuss
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Which of the following is the time period of the First Five year Plan?

A
1956 −1961
B
1951-1956
C
1961-1966
D
1966-1969

Answer & Explanation

Correct Option: B

Presented by Prime Minister Jawaharlal Nehru to Parliament, India's First Five-Year Plan spanned from 1951 to 1956 and focused heavily on primary sector development and agriculture.
Question 66 Discuss
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According to census of India 2011, Least Literate State of India among the given option is:

A
Assam
B
Bihar
C
Arunachal Pradesh
D
Himachal Pradesh

Answer & Explanation

Correct Option: B

Bihar consistently ranks as the least literate state in India, recording an overall literacy rate of just 61.80% in the 2011 Census.
Question 67 Discuss
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The concept of microfinance is primarily aimed at providing financial services to:

A
Large corporations
B
Government agencies
C
Foreign investors
D
Low-income individuals and small businesses

Answer & Explanation

Correct Option: D

Microfinance institutions bridge critical banking gaps by providing small loans, savings, and insurance to marginalized, low-income populations lacking access to traditional commercial banking.
Question 68 Discuss
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The Five-Year Plans were formulated, implemented and regulated by a body known as the Commission.

A
Senior
B
Planning
C
Sectional
D
Annual

Answer & Explanation

Correct Option: B

Formed in 1950, the Planning Commission was the non-constitutional advisory body responsible for assessing resources and formulating India's Five-Year Plans until its dissolution in 2014.
Question 69 Discuss
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Which of the following is the reason for unemployment?

A
Slow population growth
B
Fast economic growth
C
Good education system
D
Large migration to a particular area

Answer & Explanation

Correct Option: D

Rapid, unplanned migration from rural to urban areas often outpaces urban job creation, leading to increased structural and frictional unemployment in those specific localities.
Question 70 Discuss
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remained the mainstay of the Green Revolution for years in India.

A
Cotton
B
Leafy Vegetable
C
Pulses
D
Wheat

Answer & Explanation

Correct Option: D

While rice also benefited significantly, the introduction of high-yielding dwarf wheat varieties was the most spectacular and defining success story of the Green Revolution.
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