The concept of 'Lifelong Learning' in the context of technological change emphasises: MCQ with Answer and Explanation

The concept of 'Lifelong Learning' in the context of technological change emphasises:
A. Only front-loaded education in youth
B. The irrelevance of skills in a digital economy
C. The need for continuous education and skill upgrading throughout an individual’s working life
D. Only on-the-job training without formal education
Answer: Option C
Solution (By JKSSB Mock Tests)
Lifelong learning refers to the ongoing, voluntary and self-motivated pursuit of knowledge and skills throughout life, which becomes increasingly important as technological change accelerates the obsolescence of existing skills.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a component of the Human Development Report of UNDP?
A. Only domestic fiscal deficit data
B. Only exchange rate data of one country
C. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index
D. Wholesale Price Index of India only

Correct Answer: Option C


Explanation:
The Human Development Report publishes a range of indices including HDI, GII, MPI and other measures of human progress and deprivation.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'International Labour Organization' is headquartered in:
A. Geneva
B. Rome
C. Paris
D. New York

Correct Answer: Option A


Explanation:
The International Labour Organization is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of behavioural economics, 'Present Bias' or 'Hyperbolic Discounting' refers to:
A. The tendency to give stronger weight to payoffs that are closer to the present when considering trade-offs between two future moments
B. Consistent exponential discounting of all future payoffs
C. Only the preference for delayed gratification
D. The complete absence of time preference

Correct Answer: Option A


Explanation:
Present bias describes the common tendency for people to place disproportionately greater weight on immediate rewards relative to delayed rewards, leading to time-inconsistent preferences and self-control problems.

This question belongs to: Economy GK Economy Set 1