30 Days Revision Module Day 14 - Economy III (UPSC Prelims 2021)

1) Which of the following are true regarding Poverty in India

1. In post liberalization India, poverty in absolute terms has largely declined, except for a period in the mid 1990s.
2. The percentage of poor on the other hand has shown a steady decline ever since the 1991 reforms.

Which of the statements given above is/are correct?

2) Consider the following statements:

1. Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another.
2. Structural unemployment occurs when there is a mismatch between the skills of the unemployed workers and the skills needed for the available jobs.

Which of the statements given above is/are correct?

3) Consider the following statements with respect to Global Multidimensional Poverty Index

1. It is an international measure of multidimensional poverty released every year by scoring each surveyed household on 10 parameters.
2. It was launched in 2010 by the Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP).
3. NITI Aayog is the nodal agency for leveraging the monitoring mechanism of the Global MPI to drive reforms in India. 

Which of the statement(s) given above is/are correct?

4) One of the reasons for India's occupational structure remaining more or less the same over the years has been that

5) Consider the following statements

1. In India, Sex ratio at birth is defined as the number of females per thousand males in the age group 0–6 years.
2. Arunachal Pradesh is having the best sex ratio in the country while Manipur recorded the worst sex ratio.

Which of the statement(s) given above is/are correct?

6) Consider the following statements with respect to India Report on Longitudinal Ageing Study of India (LASI)

1. It is a full–scale national survey of scientific investigation of the health, economic, and social determinants and consequences of population ageing in India.
2. The study was undertaken by the National Programme for Health Care of Elderly, Ministry of Health & Family Welfare.

Which of the statement(s) given above is/are correct?

7) With respect to Census 2011, consider the following statements:

1. According to 2011 census, 60+ populations accounted for 8.6% of India’s population.
2. The number of elderly age population in India is declining at a rate of 1.5%.

Which of the statement(s) given above is/are correct?

8) Consider the following statements with respective to Socio Economic Caste Census

1. All the personal information collected under SECC is open for use by Government departments.
2. It is conducted under the overall coordination of Office of the Registrar General and Census Commissioner under Ministry of Home Affairs.

Which of the statement(s) given above is/are not correct?

9) Phillips curve explains the relationship between

10) Which of the following correctly explains ‘Fixed term Employment’ category of worker?

11) The Economic Survey, 2020-21 stated that the spread and intensity of COVID-19 induced twin economic shocks. The Twin Economic Shocks mentioned in the survey refers to?

1. Inflation Shock
2. Employment Shock
3. Demography Shock
4. Gross Value Added (GVA) Shock

Select the correct answer using the codes given below

12) Consider the following statement:

1. Labour force is the part of the population which is both willing and able to work.
2. Labour force participation rate is the ratio of labour force to the total population of a country.
3. Unemployment rate is the ratio of unemployed people to the total labour force of a country.

Which of the above given statements is/are correct?

13) Consider the following statements with respect to Garib Kalyan Rojgar Abhiyaan (GKRA)

1. It is a 125-day programme implemented all over India, mainly focusing on 25 works.
2. It aims to provide livelihood employment to the returnee migrant workers and similarly affected rural population by Covid-19 pandemic.

Which of the statement(s) given above is/are not correct?

14) “Beveridge Curve” in economics, shows the relationship between?

15) Consider the following statements with respect to Khadi Agarbatti Aatmanirbhar Mission

1. The scheme aims at creating employment for unemployed and migrant workers while increasing domestic Agarbatti production substantially.
2. The scheme is designed by Khadi and Village Industries Commission (KVIC) on Public Private Partnership (PPP) mode.

Which of the statement(s) given above is/are correct?

16) Consider the following statements about Atal Bimit Vyakti Kalyan Yojana

1. It is a scheme for providing unemployment allowance to workers rendered jobless due to the changing employment pattern
2. It is implemented by LIC of India

Which of the statements given above is/ are correct?

17) The 'Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle is a flagship report of?

18) Assertion (A): Labor Force Participation Rate (LFPR) of females in the productive age (15-59 years) was low when compared to males.

Reason (R): Females spend large time on unpaid domestic and caregiving services to household members compared to their male counterparts.

Select the correct answer using the codes given below

19) Consider the following statements

1. The average age of India is lower than most other countries.
2. Elderly Population is much higher in India than other countries.

Which of the statements given above is/are correct?

20) Which of the following is/are not among the five dimensions based on which Bare Necessities Index (BNI) ranks Indian states?

1. Water
2. Housing
3. Sanitation
4. Mode of Transport
5. Macro-environment

Select the correct answer using the codes given below: