Online Test — Current Challenges Facing the Indian Economy
15 Questions • 15 min • Chapter MCQ
15:00
Question 1 of 15
Poverty is the inability to meet:
Basic minimum needs
Luxury wants
Foreign travel
Stock investments
Explanation: Poverty is the inability to meet basic minimum needs.
Question 2 of 15
The line separating the poor from the non-poor is the:
Budget line
Poverty line
Demand line
Supply line
Explanation: The poverty line separates the poor from the non-poor.
Question 3 of 15
People below the poverty line are called:
BPL
APL only
Rich
Middle class
Explanation: Those below the line are 'below the poverty line' (BPL).
Question 4 of 15
Which is a cause of poverty in India?
High unemployment and rapid population growth
Too much equality
No people
Excess jobs
Explanation: Unemployment and population growth are causes of poverty.
Question 5 of 15
The scheme guaranteeing 100 days of rural wage employment is:
MGNREGA
MSP
PDS
GST
Explanation: MGNREGA (2005) guarantees 100 days of rural work.
Question 6 of 15
Cheap food supplied through ration shops is the:
Public Distribution System (PDS)
Green Revolution
WTO
MSP
Explanation: The PDS supplies cheap food through ration shops.
Question 7 of 15
The two main sources of human capital are education and:
Health
Land
Trade
Money
Explanation: Education and health build human capital.
Question 8 of 15
When more people work on a job than are needed, it is:
Open unemployment
Disguised unemployment
Full employment
Seasonal unemployment
Explanation: Surplus workers on a job is disguised unemployment.
Question 9 of 15
Farm workers being idle between harvests is:
Seasonal unemployment
Disguised unemployment
Educated unemployment
Full employment
Explanation: Idle for part of the year is seasonal unemployment.
Question 10 of 15
A large, skilled, employed young population is called a:
Demographic dividend
Poverty trap
Drain of wealth
Trade deficit
Explanation: A productive young workforce is a demographic dividend.
Question 11 of 15
The apex institution for rural credit is:
NABARD
WTO
SEBI
IMF
Explanation: NABARD is the apex bank for rural credit.
Question 12 of 15
Small loans to poor people through self-help groups are called:
Micro-credit
MSP
GST
Tariff
Explanation: SHGs provide micro-credit to the poor.
Question 13 of 15
Government purchase of crops at a guaranteed price is the:
Minimum support price (MSP)
Poverty line
Repo rate
GST
Explanation: The MSP guarantees farmers a minimum price.
Question 14 of 15
The electronic national agricultural market is:
e-NAM
MGNREGA
PDS
NABARD
Explanation: e-NAM is the online national agricultural market.
Question 15 of 15
Meeting present needs without harming future generations is:
Sustainable development
Jobless growth
Import substitution
Privatisation
Explanation: That is sustainable development.