Vajram-And-Ravi
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MCQ for economy-11

by Vajiram & Ravi

26-08-2023

02:04 PM

1.

Consider the following statements with reference to recently released Human development index (HDI) 2020:

1. It is published by the United Nations Development Programme (UNDP).

2. A new metric to reflect the impact caused by each country’s per-capita carbon emissions and its material footprint has been introduced.

3. India falls in the category of low human development.

Which of the statements given above is/are correct?

  • A

    1 and 3 only

  • B

    1 and 2 only

  • C

    2 and 3 only

  • D

    1, 2 and 3

2.

Which of the following initiatives aim to usher India in the era of Sustainable development?

1. Green India Mission

2. National Gas Grid

3. Jal Vikas Marg Project

4. Green Tourism or Eco-tourism

5. International Solar Alliance.

Select the correct answer using the code given below:

  • A

    1 and 5 only

  • B

    2 and 3 only

  • C

    1, 2, 4 and 5 only

  • D

    1, 2, 3, 4 and 5

3.

Consider the following pairs:

Types of unemployment

Features

1. Structural Unemployment

Changes in technology for production

2. Cyclic Unemployment

Marginal productivity is zero

3. Seasonal Unemployment

Due to COVID induced Economic slowdown

4. Disguised Unemployment

Off season in work

Which of the pairs given above is/are correctly matched?

  • A

    Types of unemployment

  • B

    1. Structural Unemployment

  • C

    2. Cyclic Unemployment

  • D

    3. Seasonal Unemployment

4.

With reference to 'National Skills Qualification Framework (NSQF)', which of the statements given below is/are correct?

1. Under this, a learner can acquire the certification only through formal learning.

2. An outcome expected from the implementation of NSQF is the mobility between vocational and general education.

Select the correct answer using the code given below:

  • A

    1 only

  • B

    2 only

  • C

    Both 1 and 2

  • D

    Neither 1 nor 2

5.

Which among the following can be considered as the cause(s) of poverty?

1. Social, economic and political inequality

2. Social inclusion

3. Unemployment

4. Indebtedness

5. Lack of Capital and Entrepreneurship

Select the correct answer using the code given below:

  • A

    1, 2, 3, and 4 only

  • B

    2, 3, 4 and 5 only

  • C

    1, 3, 4 and 5 only

  • D

    1, 2, 3, 4 and 5

6.

Which of the following statements regarding “Hidden Hunger” is/are correct?

1. Hidden Hunger occurs when food is deficient in macronutrients only.

2. In India, over 20 percent adolescents suffer from “hidden hunger” and less than 10 percent of boys and girls consume fruits and eggs daily.

3. It can lead to mental impairment, poor health, low productivity, and even death.

Select the correct answer using the code given below:

  • A

    1 and 2 only

  • B

    1 and 3 only

  • C

    3 only

  • D

    1, 2 and 3

7.

Consider the statements given below with reference to the Categories of investment:

The equity market is the arena in which investment in loans are bought and sold.

The debt market is the arena in which stocks are bought and sold.

Investments in debt securities typically involve less risk than equity investments.

Which of the statements given above is/are correct?

  • A

    1 and 2 only

  • B

    3 only

  • C

    1 and 3 only

  • D

    1, 2 and 3

8.

Consider the statements given below with reference to the Securities and Exchange Board of India (SEBI):

1. It comes under Ministry of Finance.

2. It is a quasi -legislative body.

3. Securities Appellate Tribunal (SAT) protects the interest of entities aggrieved by SEBI’s decision.

Which of the statements given above is/are correct?

  • A

    1 and 2 only

  • B

    3 only

  • C

    2 and 3 only

  • D

    None of the above

9.

Which of the statements given below is/are correct with reference to the Monetary Policy Committee (MPC)?

1. It determines the policy interest rate required to achieve the inflation target.

2. It is a statutory body.

3. The Governor of RBI is ex-officio Chairman of the MPC.

4. Members will be appointed for a period of four years.

5. Members are eligible for reappointment.

Select the correct answer using the codes given below:

  • A

    1, 2, 3 and 4 only

  • B

    3, 4 and 5 only

  • C

    2, 3, 4 and 5 only

  • D

    None of the above

10.

Consider the statements given below with reference to the Consumer Price Index (CPI):

1. CPI for Agricultural Labour and Rural Labour CPI (AL/RL) comes under the Ministry of Labour and Employment.

2. CPI (Urban) and CPI (Rural) comes under Ministry of Statistics and Program Implementation.

Which of the statements given above is/are not correct?

  • A

    1 only

  • B

    2 only

  • C

    Both 1 and 2

  • D

    Neither 1 nor 2