IE&IFS Chapter 11 QUIZ Issues facing Indian Economy

IE&IFS Chapter 11 Issues facing Indian Economy

Test your knowledge of Chapter 11: Issues facing Indian Economy with this JAIIB MCQs Practice Pack, covering key topics such as: 📌 Topics Covered:

Poverty Alleviation and the Multidimensional Poverty Index (MPI)
The challenge of Jobless Growth
Rising Inequalities and the "K-shaped recovery"
Migration and its pressure on resources
Possible remedies for key economic issues
The post-pandemic economic landscape ✅ Correct answers with explanations are provided at the end for effective revision. Sharpen your preparation, identify weak areas, and build exam confidence with these practice questions. Stay consistent. Stay exam-ready. 📚 For more daily quizzes, PDFs, and complete JAIIB study material, visit bankingshiksha.com.

1 / 10

1. What is the economic phenomenon known as "Jobless Growth"?

A. A situation where the economy is in a recession and losing jobs.

B. An economy where the unemployment rate is zero.

C. A situation where a country's GDP grows, but the level of employment remains the same or decreases.

D. A government policy that discourages the creation of new jobs.

2 / 10

2. What does the term "K-shaped recovery" describe in a post-crisis economic scenario?

A. An economic recovery that is very slow and takes the shape of the letter 'K'.

B. A recovery where all sectors of the economy grow equally and uniformly.

C. A recovery where different parts of the economy recover at vastly different rates, with one segment doing well while another declines.

D. A situation where the economy recovers quickly and then immediately falls back into a recession.

3 / 10

3. Which of the following is a major government program specifically designed for poverty alleviation by providing a legal guarantee for wage employment in rural areas?

A. Start-Up India

B. Make in India

C. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

D. Pradhan Mantri Jan Dhan Yojana (PMJDY)

4 / 10

4. Which of the following is a commonly suggested policy measure to address the issue of rising income inequality in a country?

A. A regressive tax system where the poor pay a higher percentage of their income in taxes.

B. A progressive tax system where higher earners are taxed at a higher percentage rate.

C. Reducing government spending on public services like health and education.

D. Providing tax cuts exclusively to the wealthiest individuals.

5 / 10

5. Question 5: What is the primary economic reason for the large-scale migration of people from rural to urban areas in India?

A. The desire to live in a more polluted environment.

B. The search for better economic opportunities and employment.

C. The availability of more agricultural land in cities.

D. Government policies that force people to move to cities.

6 / 10

6. Complete the following sentence: To get a broader understanding of poverty beyond just income levels, the government now primarily uses NITI Aayog's National __________ Index.

A. Consumer Price

B. Human Development

C. Multidimensional Poverty

D. Gini

7 / 10

7. Complete the following sentence: To combat jobless growth, a key strategy is to promote __________ industries like textiles, tourism, and food processing, which create more jobs for a given amount of investment.

A. capital-intensive

B. knowledge-intensive

C. labor-intensive

D. automated

8 / 10

8. Which of the following statements about migration in India is TRUE?

A. Migration is primarily a phenomenon where people move from large cities back to their villages.

B. The influx of migrants into unplanned urban settlements often leads to excessive pressure on local resources like water and housing.

C. Environmental factors like droughts and floods have no significant impact on migration patterns.

D. Government policies are aimed at completely stopping all forms of internal migration between states.

9 / 10

9. Which of the following statements correctly describes an issue facing the Indian economy?

A. The economy's growth is primarily driven by the agriculture sector, which creates a surplus of well-paying jobs.

B. There are no significant disparities in wealth distribution, with income being shared almost equally among the population.

C. A key challenge is that economic growth has often been driven by capital-intensive sectors, which do not create enough jobs for the low-skilled workforce.

D. India's economy is completely independent of the global economy and is not affected by international events.

10 / 10

10. Use the following table to find the correct match.

Column A (Term/Scheme)	Column B (Description)
1. Jobless Growth	a. An economic recovery where different sectors recover at vastly different rates.
2. K-shaped Recovery	b. A government scheme providing guaranteed rural employment.
3. Progressive Taxation	c. A system where higher earners pay a larger percentage of their income in tax.
4. MGNREGA	d. A situation where GDP increases without a corresponding increase in jobs.

Question : From the table above, which of the following is a correct match?

A. 1-a

B. 2-b

C. 3-c

D. 4-d

Your score is

The average score is 51%

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IE&IFS Chapter 11 QUIZ Issues facing Indian Economy

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