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CodeVID-M12-WS
Current Challenges Facing the Indian Economy — Practice Worksheet
Chapter: Current Challenges Facing the Indian Economy
Topic: Current Challenges Facing the Indian Economy
Maximum Marks: 35
Time: 30 minutes
Name: ____________________ Roll No.: __________ Date: ____________

General Instructions

  • All questions are compulsory.
  • Choose the correct option (A, B, C or D) for each question.
  • The answer key is at the end — try the paper first!
Section A — Multiple Choice (1 mark each) 15 × 1 = 15 marks
1.
Poverty is the inability to meet:
  • A.Basic minimum needs
  • B.Luxury wants
  • C.Foreign travel
  • D.Stock investments
2.
The line separating the poor from the non-poor is the:
  • A.Budget line
  • B.Poverty line
  • C.Demand line
  • D.Supply line
3.
People below the poverty line are called:
  • A.BPL
  • B.APL only
  • C.Rich
  • D.Middle class
4.
Which is a cause of poverty in India?
  • A.High unemployment and rapid population growth
  • B.Too much equality
  • C.No people
  • D.Excess jobs
5.
The scheme guaranteeing 100 days of rural wage employment is:
  • A.MGNREGA
  • B.MSP
  • C.PDS
  • D.GST
6.
Cheap food supplied through ration shops is the:
  • A.Public Distribution System (PDS)
  • B.Green Revolution
  • C.WTO
  • D.MSP
7.
The two main sources of human capital are education and:
  • A.Health
  • B.Land
  • C.Trade
  • D.Money
8.
When more people work on a job than are needed, it is:
  • A.Open unemployment
  • B.Disguised unemployment
  • C.Full employment
  • D.Seasonal unemployment
9.
Farm workers being idle between harvests is:
  • A.Seasonal unemployment
  • B.Disguised unemployment
  • C.Educated unemployment
  • D.Full employment
10.
A large, skilled, employed young population is called a:
  • A.Demographic dividend
  • B.Poverty trap
  • C.Drain of wealth
  • D.Trade deficit
11.
The apex institution for rural credit is:
  • A.NABARD
  • B.WTO
  • C.SEBI
  • D.IMF
12.
Small loans to poor people through self-help groups are called:
  • A.Micro-credit
  • B.MSP
  • C.GST
  • D.Tariff
13.
Government purchase of crops at a guaranteed price is the:
  • A.Minimum support price (MSP)
  • B.Poverty line
  • C.Repo rate
  • D.GST
14.
The electronic national agricultural market is:
  • A.e-NAM
  • B.MGNREGA
  • C.PDS
  • D.NABARD
15.
Meeting present needs without harming future generations is:
  • A.Sustainable development
  • B.Jobless growth
  • C.Import substitution
  • D.Privatisation
Section B — Challenge / Olympiad (2 marks each) 10 × 2 = 20 marks
16.
Although the percentage below the poverty line has fallen, the challenge remains large because:
  • A.The absolute number of poor people is still very high
  • B.Poverty has vanished
  • C.There is no poverty line
  • D.Everyone is rich
17.
If five family members do work that two could finish on a small farm, the extra three represent:
  • A.Disguised unemployment
  • B.Open unemployment
  • C.Educated unemployment
  • D.Full employment
18.
Spending on schools and health centres is called an 'investment' in human capital because it:
  • A.Raises future productivity and incomes
  • B.Wastes money
  • C.Lowers output
  • D.Is a tax
19.
Institutional rural credit (banks, NABARD, SHGs) helps farmers chiefly by replacing:
  • A.Exploitative high-interest moneylenders
  • B.The government
  • C.Cooperatives
  • D.The MSP
20.
The MSP and e-NAM both aim to help farmers get:
  • A.A fair and remunerative price for their produce
  • B.Free seeds
  • C.Lower yields
  • D.More moneylenders
21.
India's young population becomes a 'dividend' rather than a burden only if it is:
  • A.Educated, healthy and employed
  • B.Left unskilled and idle
  • C.Sent abroad
  • D.Counted twice
22.
Over-extraction of groundwater and heavy pollution from rapid growth show why development must be:
  • A.Sustainable
  • B.Faster at any cost
  • C.Stopped
  • D.Only urban
23.
A graduate unable to find a job matching their qualifications is an example of:
  • A.Educated unemployment
  • B.Disguised unemployment
  • C.Seasonal unemployment
  • D.Full employment
24.
Switching to solar and wind energy supports sustainable development because these sources are:
  • A.Renewable and less polluting
  • B.Exhaustible
  • C.Highly polluting
  • D.Imported coal
25.
The central challenge of India's development is to grow fast, fairly and:
  • A.Sustainably
  • B.Without any jobs
  • C.Only for cities
  • D.By draining resources

Answer Key

Section A — Multiple Choice (1 mark each)
  1. (A) Basic minimum needs
  2. (B) Poverty line
  3. (A) BPL
  4. (A) High unemployment and rapid population growth
  5. (A) MGNREGA
  6. (A) Public Distribution System (PDS)
  7. (A) Health
  8. (B) Disguised unemployment
  9. (A) Seasonal unemployment
  10. (A) Demographic dividend
  11. (A) NABARD
  12. (A) Micro-credit
  13. (A) Minimum support price (MSP)
  14. (A) e-NAM
  15. (A) Sustainable development
Section B — Challenge / Olympiad (2 marks each)
  1. (A) The absolute number of poor people is still very high
  2. (A) Disguised unemployment
  3. (A) Raises future productivity and incomes
  4. (A) Exploitative high-interest moneylenders
  5. (A) A fair and remunerative price for their produce
  6. (A) Educated, healthy and employed
  7. (A) Sustainable
  8. (A) Educated unemployment
  9. (A) Renewable and less polluting
  10. (A) Sustainably
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