Describe the important characteristics of an underdeveloped economy. Do you consider the Indian economy as underdeveloped? Give reasons for your answer.

Keywords: Underdeveloped economy, characteristics, Indian economy, reasons. Required Approach: Primarily factual and analytical, with a touch of reasoned opinion in assessing the Indian economy’s status. Points to Remember: Defining characteristics of an underdeveloped economy. Key indicators used to classify economies. India’s performance across these indicators. Contrasting aspects of the Indian economy (development alongside underdevelopment). A … Read more Describe the important characteristics of an underdeveloped economy. Do you consider the Indian economy as underdeveloped? Give reasons for your answer.

What do you understand by inclusive growth? Critically examine the Government policies to promote inclusive growth in India.

Keywords: Inclusive growth, Government policies, India. Required Approach: Primarily analytical, with elements of factual description. Points to Remember: Definition of inclusive growth. Key dimensions of inclusive growth (economic, social, environmental). Government policies aimed at inclusive growth in India (with examples). Critical evaluation of these policies â?? successes, failures, and challenges. Suggestions for improvement and a … Read more What do you understand by inclusive growth? Critically examine the Government policies to promote inclusive growth in India.

Explain the concept of food security system. What are the flaws in the Indian food security programme? What policy measures have been undertaken to ensure food security for all?

Concept of Food Security System The food security system ensures that all individuals have access to sufficient, safe, and nutritious food to lead healthy lives. It is based on three key components: Availability of food ? Ensuring adequate food production and supply. Access to food ? Enabling people to obtain food through affordability and distribution … Read more Explain the concept of food security system. What are the flaws in the Indian food security programme? What policy measures have been undertaken to ensure food security for all?

Fiscal deficit of Jharkhand for 2024-25 is targeted at what percent of GSDP? (A) 3% (B) 2% (C) 4% (D) 5%

Points to Remember: Jharkhand’s fiscal deficit target for 2024-25. Understanding the concept of fiscal deficit and GSDP. Identifying the correct percentage target from the given options. Introduction: The fiscal deficit is a crucial indicator of a state’s financial health. It represents the difference between a government’s total expenditure and its total revenue, excluding borrowings. A … Read more Fiscal deficit of Jharkhand for 2024-25 is targeted at what percent of GSDP? (A) 3% (B) 2% (C) 4% (D) 5%

Distinguish between the net product method and the factor-income method of estimating national income. Which of these methods are followed in India?

Keywords: Net Product Method, Factor Income Method, National Income Estimation, India. Required Approach: Factual and Analytical. Points to Remember: National income can be estimated using different methods, each with strengths and weaknesses. The Net Product Method focuses on the value added at each stage of production. The Factor Income Method focuses on the income earned … Read more Distinguish between the net product method and the factor-income method of estimating national income. Which of these methods are followed in India?

“India is currently experiencing a demographic dividend.” Explain. Discuss challenges and risks associated with this kind of demographic transition.

Keywords: Demographic dividend, India, demographic transition, challenges, risks. Required Approach: Primarily factual and analytical, with some elements of opinion-based discussion regarding potential solutions. Points to Remember: Definition and characteristics of a demographic dividend. India’s current demographic structure and its implications. Opportunities presented by the demographic dividend. Challenges and risks associated with harnessing the dividend. Policy … Read more “India is currently experiencing a demographic dividend.” Explain. Discuss challenges and risks associated with this kind of demographic transition.

Which is not a Kharif crop? (A) Jowar (B) Maize (C) Groundnut (D) Wheat

Points to Remember: Kharif crops are sown at the beginning of the monsoon season (June-July) and harvested in the autumn (September-October). The question requires factual knowledge about Kharif crops. Introduction: Kharif crops, also known as monsoon crops, are agricultural products cultivated in the rainy season. These crops depend heavily on monsoon rainfall for their growth … Read more Which is not a Kharif crop? (A) Jowar (B) Maize (C) Groundnut (D) Wheat

Which Five-Year Plan focused on â??Growth with social justice and equityâ??? (A) Ninth Five-Year Plan (B) Eighth Five-Year Plan (C) Seventh Five-Year Plan (D) Sixth Five-Year Plan

Points to Remember: Indian Five-Year Plans and their objectives. The focus of each plan on economic growth and social justice. Introduction: India’s Five-Year Plans are a series of centrally-planned economic development programs that have guided the nation’s economic policy since 1951. Each plan has had a specific focus, evolving over time to reflect changing priorities … Read more Which Five-Year Plan focused on â??Growth with social justice and equityâ??? (A) Ninth Five-Year Plan (B) Eighth Five-Year Plan (C) Seventh Five-Year Plan (D) Sixth Five-Year Plan

The standard of living in a country is represented by its (A) Poverty Ratio (B) Per Capita Income (C) National Income (D) Unemployment Rate

Points to Remember: Standard of living reflects the overall quality of life. Multiple indicators contribute to measuring standard of living. Per capita income is a key, but not sole, indicator. Introduction: The standard of living refers to the overall quality of life experienced by individuals or a population within a country. It encompasses various aspects, … Read more The standard of living in a country is represented by its (A) Poverty Ratio (B) Per Capita Income (C) National Income (D) Unemployment Rate

Revamped Public Distribution System provides benefits to (A) Self-help groups (B) Cooperative societies (C) Remote and backward areas (D) Cities

Keywords: Revamped Public Distribution System (PDS), benefits, self-help groups, cooperative societies, remote areas, backward areas, cities. Required Approach: Factual and Analytical. The question requires an analysis of the benefits of the revamped PDS, assessing its impact on different segments of society. While some aspects might touch upon opinion, the core answer needs to be grounded … Read more Revamped Public Distribution System provides benefits to (A) Self-help groups (B) Cooperative societies (C) Remote and backward areas (D) Cities

What is the aim of the Pradhan Mantri Samman Nidhi Yojana? (A) Minimum income to the farmers (B) Pension to the farmers (C) Irrigation (D) Free electricity to the farmers

Keywords: Pradhan Mantri Samman Nidhi Yojana (PM-KISAN), aim, farmers, income support. Required Approach: Factual Points to Remember: PM-KISAN’s primary objective. Target beneficiaries. Key features of the scheme. Impact and criticisms (if any). Introduction: The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana is a flagship central government scheme in India aimed at providing income support to … Read more What is the aim of the Pradhan Mantri Samman Nidhi Yojana? (A) Minimum income to the farmers (B) Pension to the farmers (C) Irrigation (D) Free electricity to the farmers

Arrange the following sources of irrigation as per descending order of their irrigated areas:(I) Canal (II) Wells & Tube wells (III) Tanks (A) I, II, III (B) II, I, III (C) III, II, I (D) I, III, II According to the Economic Survey of Jharkhand, the GSDP at constant prices was estimated to grow at what rate in FY 2023-24 and in the next year 2024-25? (A) 5.1% and 5.7% (B) 6.1% and 6.7% (C) 7.1% and 7.7% (D) 8.1% and 8.7%

This question has two distinct parts. The first requires factual knowledge about irrigation sources in India, while the second demands factual recall of data from the Economic Survey of Jharkhand. The approach is primarily factual. Points to Remember: Irrigation source ranking by irrigated area. Jharkhand’s GSDP growth rate projections. Introduction: India’s agricultural sector heavily relies … Read more Arrange the following sources of irrigation as per descending order of their irrigated areas:(I) Canal (II) Wells & Tube wells (III) Tanks (A) I, II, III (B) II, I, III (C) III, II, I (D) I, III, II According to the Economic Survey of Jharkhand, the GSDP at constant prices was estimated to grow at what rate in FY 2023-24 and in the next year 2024-25? (A) 5.1% and 5.7% (B) 6.1% and 6.7% (C) 7.1% and 7.7% (D) 8.1% and 8.7%

Which of the following is a tax exclusively imposed and collected by the States? (A) Income Tax (B) Corporation Tax (C) GST (D) Land Revenue

Keywords: Tax, States, exclusively imposed, collected. Required Approach: Factual Points to Remember: The division of tax powers between the Union and States in India. The key characteristics of different taxes in India. The constitutional provisions related to taxation. Introduction: India operates a federal system of governance, where tax powers are divided between the Union (Central … Read more Which of the following is a tax exclusively imposed and collected by the States? (A) Income Tax (B) Corporation Tax (C) GST (D) Land Revenue

Mid-day meal, public distribution system, and integrated child development schemes are (A) Poverty alleviation approaches (B) Growth-oriented approaches (C) Minimum basic need approaches (D) None of these

Points to Remember: Mid-day Meal Scheme (MDM) Public Distribution System (PDS) Integrated Child Development Services (ICDS) Poverty alleviation vs. growth-oriented vs. minimum basic needs approaches Introduction: The question asks to classify Mid-day Meal, Public Distribution System, and Integrated Child Development Schemes based on their primary approach to societal development. These three schemes are flagship government … Read more Mid-day meal, public distribution system, and integrated child development schemes are (A) Poverty alleviation approaches (B) Growth-oriented approaches (C) Minimum basic need approaches (D) None of these

The Jharkhand Government has launched three employment schemes focusing on the long-term goals of sustainable development and creating new assets in the State. Identify the correct set of schemes. (A) Birsa Harit Gram Yojana (BHGY), Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS), Nilamber Pitamber Jal Samridhi Yojana (NPJSY) (B) Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS), Nilamber Pitamber Jal Samridhi Yojana (NPJSY), Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY) (C) Birsa Harit Gram Yojana (BHGY), Nilamber Pitamber Jal Samridhi Yojana (NPJSY), Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY) (D) Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY), Birsa Harit Gram Yojana (BHGY), Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS)

Keywords: Jharkhand Government, employment schemes, sustainable development, new assets, Birsa Harit Gram Yojana (BHGY), Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS), Nilamber Pitamber Jal Samridhi Yojana (NPJSY), Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY). Required Approach: Factual. This question requires identifying the correct set of schemes launched by the Jharkhand government. The approach is … Read more The Jharkhand Government has launched three employment schemes focusing on the long-term goals of sustainable development and creating new assets in the State. Identify the correct set of schemes. (A) Birsa Harit Gram Yojana (BHGY), Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS), Nilamber Pitamber Jal Samridhi Yojana (NPJSY) (B) Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS), Nilamber Pitamber Jal Samridhi Yojana (NPJSY), Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY) (C) Birsa Harit Gram Yojana (BHGY), Nilamber Pitamber Jal Samridhi Yojana (NPJSY), Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY) (D) Deen Dayal Upadhyay Grameen Kaushalya Yojana (DDUGKY), Birsa Harit Gram Yojana (BHGY), Veer Sahid Poto Ho Khel Vikas Scheme (VSPHKVS)

The fundamental cause for the collapse of the Bretton Woods system was (A) The liquidity problem (B) The adjustment problem (C) The confidence problem (D) All of these

Points to Remember: The Bretton Woods system was a post-World War II international monetary system. The system’s core was the US dollar’s convertibility to gold. The system faced several challenges leading to its eventual collapse. The collapse involved liquidity, adjustment, and confidence issues. Introduction: The Bretton Woods system, established in 1944, aimed to create a … Read more The fundamental cause for the collapse of the Bretton Woods system was (A) The liquidity problem (B) The adjustment problem (C) The confidence problem (D) All of these

â??Atmanirbhar Bharatâ?? scheme focuses on which of the following? (A) Import substitution (B) Export industrialization (C) Both (A) and (B) (D) Neither (A) nor (B)

Points to Remember: Atmanirbhar Bharat: A self-reliant India initiative. Import Substitution: Reducing reliance on imported goods. Export Industrialization: Boosting domestic production for global markets. Introduction: The “Atmanirbhar Bharat” (Self-Reliant India) scheme, launched by the Indian government, aims to make India economically self-sufficient and globally competitive. While the precise definition and scope have been subject to … Read more â??Atmanirbhar Bharatâ?? scheme focuses on which of the following? (A) Import substitution (B) Export industrialization (C) Both (A) and (B) (D) Neither (A) nor (B)

Tenancy reform is related to (A) Regulation of rent (B) Security of tenure (C) Conferment of ownership rights (D) All of these

Points to Remember: Tenancy reform aims to balance the rights and responsibilities of landlords and tenants. Key aspects include rent control, security of tenure, and potentially ownership rights. Successful reform requires a nuanced approach considering various stakeholders and economic factors. Introduction: Tenancy reform is a crucial aspect of housing policy, aiming to create a more … Read more Tenancy reform is related to (A) Regulation of rent (B) Security of tenure (C) Conferment of ownership rights (D) All of these

Which of the following best describes the labour force participation rate? (A) The percentage of working-age population out of the total population (B) The percentage of working-age population that is employable (C) The percentage of working-age population that is employed or actively seeking employment (D) The percentage of working-age population that is a part of the formal sector

Points to Remember: Labour Force Participation Rate (LFPR) definition and calculation. Components of the labour force. Distinction between LFPR and employment rate. Importance of LFPR as an economic indicator. Introduction: The Labour Force Participation Rate (LFPR) is a crucial economic indicator reflecting the proportion of the working-age population actively involved in the labour market. It … Read more Which of the following best describes the labour force participation rate? (A) The percentage of working-age population out of the total population (B) The percentage of working-age population that is employable (C) The percentage of working-age population that is employed or actively seeking employment (D) The percentage of working-age population that is a part of the formal sector

FRBM Committee recommended the Centre’s debt-to-GDP ratio to be at (A) 37 percent (B) 40 percent (C) 25 percent (D) 35 percent

Points to Remember: The Fiscal Responsibility and Budget Management (FRBM) Act aims to improve India’s fiscal management. The FRBM Committee periodically reviews and recommends targets for the Centre’s debt-to-GDP ratio. The debt-to-GDP ratio is a crucial indicator of a country’s fiscal health. Introduction: The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, was enacted in … Read more FRBM Committee recommended the Centre’s debt-to-GDP ratio to be at (A) 37 percent (B) 40 percent (C) 25 percent (D) 35 percent

Who among the following used the term â??Green Revolutionâ?? for increasing agricultural production in India? (A) Norman Borlaug (B) M. S. Swaminathan (C) Raj Krishna (D) R. K. V. Rao

Points to Remember: The Green Revolution in India was a period of significant agricultural advancements. Several individuals contributed to its success, but the term’s originator needs identification. The question requires factual knowledge about the history of the Green Revolution in India. Introduction: The Green Revolution, a period of intensified agricultural production in India beginning in … Read more Who among the following used the term â??Green Revolutionâ?? for increasing agricultural production in India? (A) Norman Borlaug (B) M. S. Swaminathan (C) Raj Krishna (D) R. K. V. Rao

A persistent fall in general price level of goods and services is known as (A) Disinflation (B) Deflation (C) Stagflation (D) Depression

Points to Remember: Price Levels: Understanding the difference between inflation, deflation, disinflation, and stagflation is crucial. Economic Indicators: These terms represent key economic indicators reflecting the overall health of an economy. Economic Consequences: Each term has distinct consequences for consumers, businesses, and the government. Introduction: The question asks to identify the term for a persistent … Read more A persistent fall in general price level of goods and services is known as (A) Disinflation (B) Deflation (C) Stagflation (D) Depression

The book Planning Economy for India was written by (A) V. K. R. V. Rao (B) M. Visvesvaraya (C) K. N. Raj (D) Manmohan Singh

Points to Remember: The question requires identifying the author of the book “Planning Economy for India.” The approach is purely factual; it requires recalling the author’s name. Introduction: The question pertains to the authorship of the influential book “Planning Economy for India.” This book, likely published during or around the period of India’s five-year plans, … Read more The book Planning Economy for India was written by (A) V. K. R. V. Rao (B) M. Visvesvaraya (C) K. N. Raj (D) Manmohan Singh

For a rural person, the minimum calorie needed to reach above the poverty line is (A) 2400 calories (B) 2100 calories (C) 1800 calories (D) 1500 calories

Points to Remember: The question focuses on the minimum calorie intake required for a rural individual to surpass the poverty line. The answer requires factual knowledge about poverty measurement and nutritional requirements. The approach is factual, relying on established data and standards. Introduction: Poverty is a multifaceted issue, and its measurement often involves multiple indicators. … Read more For a rural person, the minimum calorie needed to reach above the poverty line is (A) 2400 calories (B) 2100 calories (C) 1800 calories (D) 1500 calories