Which of the following is a major structural challenge for the Indian economy? MCQ with Answer and Explanation

Question
Which of the following is a major structural challenge for the Indian economy?
A. Absence of an informal sector
B. Self-sufficiency in all commodities without trade
C. Regional disparities, unemployment and informalisation of the workforce
D. Complete equality of income across regions
Answer: Option C
Solution (By JKSSB Mock Tests)
The Indian economy continues to face structural challenges such as regional imbalances, unemployment and underemployment, and a large informal sector.
This question belongs to: Economy GK Economy Set 1
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Question #1
The 'International Criminal Court' is located in:
A. New York
B. Vienna
C. The Hague
D. Geneva
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Correct Answer: Option C

Explanation:
ICC is located in The Hague.
This question belongs to: Economy GK Economy Set 1
Question #2
In the circular flow of income, injections include:
A. wages and rent
B. investment, government expenditure and exports
C. consumption and saving
D. saving, taxes and imports
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Correct Answer: Option B

Explanation:
Injections into the circular flow are investment, government expenditure and exports.
This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Planetary Boundaries' identifies:
A. Only population limits
B. Nine biophysical thresholds that, if crossed, could destabilise the Earth system
C. Only national environmental regulations
D. Only economic growth limits
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Correct Answer: Option B

Explanation:
The planetary-boundaries framework, developed by Rockström and colleagues, defines a set of nine Earth-system processes and associated quantitative boundaries within which humanity can operate safely.
This question belongs to: Economy GK Economy Set 1
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