Economics One Liners & MCQs

 Economics One Liners & MCQs

Poverty and Unemployment

1.     Learning Poverty Count (LPC) can be defined as

Answer: One which measures the number of children who do not meet the basic learning benchmark.

      Whereas the Learning Poverty Gap (LPG) takes into account how for a student is from the benchmark.

2.     World Indicators for skills for Employment (WISE) was established by ?

Answer: Organization for economic co-operation and Development (OECD).

3.     Structural unemployment arises due to

Answer: Heavy Industrial Bias

4.     The standard of living in a country is represented by its?

Answer: Per Capita Income

5.     Which FYP emphasized on poverty for the first time?

Answer: Fifth FYP (1974-79, prepared by D.D. Dhar).

6.     A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as –

Answer: Absolute Poverty

7.     Nature of employment in agriculture in India is –

Answer: Seasonal and Disguised

8.     Head Count Ratio is related to?

Answer: Poverty line

9.     In which type of unemployment do the marginal productivity of the workers is zero ?

Answer: Disguised unemployment

10.                         The Multidimensional Poverty Index is developed by –

Answer: UNDP

11.                        Human Poverty Index (HPI) measures the deprivation as a composite index of –

Answer: Longetivity, Knowledge and Standard of living

12.                        The per-day calorie estimate of poverty for rural economies is __________.

Answer: Less than 2400

13.                        The per-day calorie estimate of poverty for urban economies is __________.

Answer: Less than 2100

14.                        In which year was the National Food for Work Programme launched in India?

Answer: November 2004

15.                        Which of the following is the full form of MPCE?

Answer: Monthly per capita expenditure 

1.     What is the full form of SJSRY?

A.                  Sampoorna Jeewan Shahari Rozgar Yojana

B.                  Swarna Jayanti shahari Rozgar Yojana

C.                   Shahari Jeevan Sudhar Rashtriya Yojana 

D.                 None of these

Ans: B (Swarna Jayanti Shahari Rozgar Yojana)

2.     What comes under the characteristic of the poor people?

A.                  Poor Health

B.                  Gender Inequality

C.                  Debt Trap

D.                 All of the Above

Ans: D (All of the above)

3. “Jail Cost of Living” was first introduced by whom?

A.                  Jawahar Lal Nehru

B.                  Mahatma Gandhi

C.                  Dadabhai Naroji

D.                 Sardar Vallabhbhai Patel

Ans: C (Dadabhai Naroji)

4. MPCE is the abbreviation of which the following?

A.                  Maximum Per Capital Expenditure

B.                  Monthly Per Capital Expenditure

C.                  Minimum Per Capita Expenditure

D.                 None of these

 Ans: B (Monthly Per Capital Expenditure)

5. Which of the following organization collects every data on Poverty in India?

A.                  MGNERGA

B.                  NSSO

C.                  SJSRY

D.                 None of these

Ans: B (NSSO)

6. “National Food for Work Programme” was launched in which year?

A.                  2003

B.                  2006

C.                  2007

D.                 2004

Ans: D (2004)

7. According to a survey from 2011-12, what percentage of the population comes under the Poverty Line in India? 

A.                  22%

B.                  26%

C.                  19%

D.                 33%

Ans: A (22%)

8. Which of the following helps to measure the Poverty Determination?

A.                  Poverty Gap Index

B.                  HeadCount Ratio

C.                  Sen Index

D.                 all of these

Ans: D (All of the above)

9. The highest Poverty rate was seen in which of the following state in India in 2011-12?

A.                  West Bengal

B.                  Bihar

C.                  Odisha

D.                 Madhya Pradesh

Ans: C (Odisha)

10. Our Indian Government initiated which of the following programs to improve the food and nutritional level of the poor?  

A.                  Integrated Child Development Scheme

B.                  Midday Meal Scheme

C.                  Public Distribution System

D.                 All of these

Ans: D (All of the above)

11. Economists generally identify poor people based on their-

A.                  Living Standard

B.                  Expenditure

C.                  Income

D.                 Occupation

Ans: D (Occupation)

12. Seasonal Workers or Small Farmers generally fall in which of the following category?

A.                  Never Poor

B.                  Churning Poor

C.                  Usual Poor

D.                 Chronic Poor

Ans: B (Churning Poor)

13. Which of the following schemes started in 1993 to educate unemployed youth in small towns and rural areas?

A.                  Prime Minister Rozgar Yojana

B.                  Swarnajayanti Gram Swarozgar

C.                  National Rural Livelihood Mission

D.                 National Rural Employment Guarantee Act

Ans: A (Prime Minister Rozgar Yojana)

14. The main cause of the Poverty in India includes-

A.                  Pressure on Population

B.                  Low Capital Formation

C.                  Lack of Infrastructure

D.                 All of the Above

Ans: D (All of the above)

15. In India, which of the following determines the wage policy?

A.                  Productivity

B.                  Cost of Living

C.                  Standard of Living

D.                 None of these

Ans: B (Cost of Living)

16. Does the Indian Government follow the recommendations of which of the following for estimating the poverty line of India?

A.                  Narasimham Committee

B.                  Chelliah Committee 

C.                  Lakdawala Committee

D.                 Dutt Committee

Ans: C (Lakdawala Committee)

17. In India, which social group is considered the most vulnerable to poverty?

A.                  Urban Casual Labour

B.                  Rural Agricultural household

C.                  Scheduled Caste

D.                 All of these

Ans: C (Scheduled Caste)

18. In which year did the Indian Parliament pass National Rural Employment Guarantee Act?

A.                  2002

B.                  2003

C.                  1997

D.                 2005

Ans: D (2005)

19. What is the reason behind the low literacy rate in females?A.                  Lack of the transport facilities

B.                  Lack of income

C.                  Lack of the equality in giving education opportunities

D.                 None of these

Ans: C (Lack of the equality in giving education opportunities)

20. Which of the following three states in India are considered the poorest?

A.                  Bihar, Madhya Pradesh, Haryana

B.                  Jharkhand, Bihar, Uttar Pradesh

C.                  Andhra Pradesh, Jharkhand, Bihar

D.                 Madhya Pradesh, Haryana, Jharkhand

Ans: B (Jharkhand, Bihar, Uttar Pradesh)

21. Which of the following state maintains a high agricultural growth to reduce poverty?A.                  West Bengal

B.                  Tamil Nadu

C.                  Jammu & Kashmir

D.                 Punjab

Ans: D (Punjab)

22. In which year Antyodaya Anna Yojana was introduced to people in India?

A.                  1998

B.                  2001

C.                  2000

D.                 2004

Ans: C (2000)

23. The Government took which of the following program to help women and older adults?

A.                  Swarnajayanti Gram Swarozgar Yojana

B.                  Prime Minister Rozgar Yojana

C.                  National Social Assistance Programme

D.                 Rural Employment Generation Programme

Ans: C (National Social Assistance Programme)

24. What is the new name of the Food Work Programme of India?

A.                  National Rural Employment Programme

B.                  Rural Landless Employment Guarantee Programme

C.                  Integrated Rural Development Programme

D.                 Jawaharlal Rural Yojana

Ans: A (National Rural Employment Programme)

25. In India, which community belongs to the “poor” category?

A.                  Businessman

B.                  Landless labourer

C.                  Rich Farmer

D.                 None of the options

Ans: B (Landless labourer)

26. What are the main key features of the poorest household?

A.                  Hunger

B.                  Starvation

C.                  Both A and B

D.                 None of the options is correct

Ans: C (Both A and B)

27. Those who generally move in and out belong to which category?

A.                  Churning Poor

B.                  Occasionally poor

C.                  Transient Poor

D.                 Chronicle Poor

Ans: A (Churning Poor)

28. MNREGA employed for how many days?

A.                  140 days

B.                  200 days

C.                  150 days

D.                 100 days

Ans: D (100 days)

29. Which of the following term is appropriate for the people who always come below the poverty line?

A.                  Seasonal Poor

B.                  Always Poor

C.                  Chronic Poor

D.                 Churning Poor

Ans: B (Always Poor)

30. In India, which of the following state has the largest percentage of the poor?

A.                  Kerala

B.                  Punjab

C.                  Orissa

D.                 Bihar

Ans: C (Orissa)

31. Who generally does not fall under the Urban Poor Category?

A.                  Shopkeepers

B.                  Casual Workers

C.                  Rickshaw Pullers

D.                 Unemployed People

Ans: A (Shopkeepers)

32. With the help of the following programmes, people can get financial assistance in bank loans to set up any small industry?

A.                  Prime Minister Rozgar Yojana

B.                  Sampoorna Grameen Rozgar Yojana

C.                  Rural Employment Generation Programme

D.                 None of these

Ans: C (Rural Employment Generation Programme)

33. Which program Of the Indian Government has improved the living condition of the people in slum areas?

A.                  Valmiki Ambedkar Awas Yojana

B.                  Rajiv Awas Yojana

C.                  Pradhan Mantri Awas Yojana

D.                 Gramin Awas Yojana

Ans: A (Valmiki Ambedkar Awas Yojana)

34. British rule can be considered the main reason for the poverty in India. Choose the right reason for the poverty due to the British Rule.

A.                  The Industrial sectors were destroyed.

B.                  They forced people to depend on the agriculture

C.                  They unnecessarily charged very high taxes

D.                 All of the above

Ans: D (All of the above)

35. What are those two categories of poverty identified by the United Nations Development Programme?

A.                  Relative Poverty and Income Poverty

B.                  Rural Poverty and Absolute Poverty

C.                  Income Poverty and Human Poverty

D.                 Urban Poverty and Income Poverty

Ans: C (Income Poverty and Human Poverty)

36. Which of the program does not belong to the poverty alleviation programs?

A.                  Prime Minister’s Rozgar Yojana

B.                  National Social Assistance Programme

C.                  Rural Employment Generation Programme

D.                 Swarna Jayanti Shahari Rozgar Yojana 

Ans: D (Swarna Jayanti Shahari Rozgar Yojana)

37. Sen Index was developed by whom?

A.                  Jawaharlal Nehru

B.                  Amartya Sen

C.                  Mahatma Gandhi

D.                 Netaji Subhas Chandra Bose

Ans: B (Amartya Sen)

38. The approach of the Government to the poverty reduction is consists of-

A.                  Four dimensions

B.                  Two dimensions

C.                  Three dimensions

D.                 Six dimensions

Ans: C (Three dimensions)

39. What is the minimum calory intake of the people in rural areas required to measure poverty?

A.                  2000 kcal

B.                  2400 kcal

C.                  2100 kcal

D.                 2300 kcal

 Ans: B (2400 Kcal)

40. What is the actual calory requirement for the people in urban areas?

A.                  2100 kcal

B.                  2300 kcal

C.                  2500 kcal

D.                 2200 kcal

Ans: A (2100 kcal)

41. Poverty did arise in which of these following countries from 1981-to 2001?

A.                  India

B.                  Russia

C.                  China

D.                 Sub-Saharan Africa  

Ans: D (Sub-Saharan Africa)

42. “Entitlements” was first coined by whom?

A.                  Sonia Gandhi

B.                  Manmohan Singh

C.                  Amartya Sen

D.                 Pranab Mukherjee

Ans: B (Manmohan Singh)

43. Which organization generally conducts the periodic sample survey to estimate the country’s poverty line?

A.                  Sample Survey Organization

B.                  National Survey Organization

C.                  National Sample Survey organization

D.                 All of the above

Ans: C (National Sample Survey organization)

44. When did the Government introduce NFWP?

A.                  November 2003

B.                  January 2005

C.                  November 2004

D.                 December 2002

Ans: C (November 2004)

45. Which programme was launched by the Government to give support to older adults?

A.                  NSAP

B.                  PMGY

C.                  VAMBAY

D.                 PMRY

Ans: A (NSAP)