The 'National Apprenticeship Training Scheme' is under: MCQ with Answer and Explanation

The 'National Apprenticeship Training Scheme' is under:
A. Ministry of Education
B. Ministry of Finance
C. Ministry of Skill Development
D. Ministry of Agriculture
Answer: Option A
Solution (By JKSSB Mock Tests)
The National Apprenticeship Training Scheme is under the Ministry of Education.

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Practice More Economy Set 1 Questions

Question #1
The 'Economic Survey' in India is prepared by:
A. NITI Aayog
B. National Statistical Office
C. Department of Economic Affairs, Ministry of Finance
D. RBI

Correct Answer: Option C


Explanation:
The Economic Survey is prepared by the Department of Economic Affairs in the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of economic theory, the 'Production Possibility Frontier' shifts outward when there is:
A. Unemployment of resources
B. Decrease in the labour force
C. Inefficient allocation of resources
D. Economic growth due to increase in resources or technology

Correct Answer: Option D


Explanation:
An outward shift of the PPF indicates economic growth, which can result from an increase in the quantity or quality of resources or from technological progress.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a characteristic of a developing economy?
A. High productivity in agriculture
B. Low dependence on foreign trade
C. Dualistic economic structure
D. High rate of capital accumulation

Correct Answer: Option C


Explanation:
Developing economies often exhibit dualism — coexistence of a modern industrial sector and a traditional agricultural sector with low productivity.

This question belongs to: Economy GK Economy Set 1