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Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Grade 12 MCQ


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15 Questions MCQ Test Economics for Grade 12 - Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions

Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions for Grade 12 2024 is part of Economics for Grade 12 preparation. The Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions questions and answers have been prepared according to the Grade 12 exam syllabus.The Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions MCQs are made for Grade 12 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions below.
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Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 1

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Calorie-based norm is not an adequate measure to identify the poor.

Reason (R): This method does not differentiate between the very poor and the other poor.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 1
This mechanism takes into account expenditure on food and a few other items as a proxy for income. It ignores many other vital factors associated with poverty; for instance, the accessibility to basic education, health care, drinking water and sanitation.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 2

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): It is essential to develop proper storage facilities in rural areas.

Reason (R): Farmers can wait for a better price for their products in the market.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 2
The tea industries employ thousands of women for tea plantation, harvesting and cutting works.
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Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 3

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): The Prime Minister urged to increase the rural income by increasing non-farm activities.

Reason (R): Non-farm activities (agro-processing industries, poultry, craft, handloom) provide alternative avenues for sustainable livelihood and may raise the level of income as the risks due to fluctuations in production and market prices is generally less.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 3
Agriculture in India is mainly a seasonal occupation, however, during off seasons, it becomes difficult to find employment and stabilize farmer’s income. Thus, the Prime Minister has urged appropriately in the best interest of the farmers of rural India.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 4

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.

Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 4
Human Capital Formation not only increases the productivity of available human resources but also stimulates innovation and creates the ability to adopt new technologies.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 5

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Less women are found in regular salaried employment.

Reason (R): Women workers accord highest priority to self-employment because of mobility of female labour work force both in urban as well as in rural areas.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 5
Lesser women are found in regular salaried employment as compared to men because a larger proportion of women are engaged in the economic activities without stable contracts and steady income. The stable contracts and steady income are two features prevalent in the regular salaried employment. Women are engaged in informal segments of the economy, where they are not entitled to any social security benefits. Moreover, women work in more vulnerable situations than men and have lower bargaining power and, consequently, are paid lesser than the male workforce. Thus, the women workers are more likely to be found in the self-employment and casual work as compared to men rather than regular salaried employment.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 6

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Bengaluru in Karnataka is referred to as Silicon Valley of India, as it is the hub of IT based industries.

Reason (R): Presence of world class communication facilities help it to attract many multinational companies that makes it hub of IT based industries.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 6
Bangalore is also known as the "Silicon Valley of India'' because of its role in promoting the IT industry in India. Infosys, ISRO, Infosys, HAl, Wipro and other Indian technology organizations have their headquarters in the city.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 7

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Medical Tourism is a great opportunity for India.

Reason (R): Indian health services combine the latest medical technologies with qualified professionals and are cheaper for foreigners. By upgrading health services, it can be a great opportunity for India.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 7

Image result for Medical Tourism is a great opportunity for India.

The country's advanced facilities, skilled doctors and low-cost treatment make it an ideal destination for medical tourists. Aside from modern medical practices, India has also promoted traditional practices such as Yoga and Ayurveda that promote overall wellbeing and health.

Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 8

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): The Indian government is investing a lot in Solar Energy.

Reason (R): Solar Energy is a clean form of energy and thus does very minimum harm to the environment.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 8

During the same period, the installed solar energy capacity has increased over 15 times and stands at 41.09 GW. India's renewable energy capacity is the fourth largest in the world. India's annual renewable energy addition has been exceeding that of coal-based thermal power since 2017.

Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 9

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Soil Erosion is the major environmental problem faced by India.

Reason (R): India is an agricultural economy

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 9
Soil Erosion is the major environmental problem faced by India because of faulty farming practices.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 10

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Sustainable development is the only way that will allow the economy to have a proper development.

Reason (R): Sustainable development is the development in which the economy is developed considering the needs of the future generation.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 10
Dimensions of Sustainable Development

i) social development

(ii) economic development

(iii) environmental development As all three aspects are included in sustainable development, thus sustainable development is the only way that will allow the economy to have a proper development.

Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 11

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Investors are reluctant to invest in tidal energy projects.

Reason (R): Tidal energy has high cost and low running cost. As a result, a tidal power scheme may not give returns for years.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 11
Tidal energy has a high capital cost i.e., installation cost.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 12

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Meena is a housewife. Besides taking care of household chores, she works in the cloth shop which is owned and operated by her husband. She is considered a self-employed worker.

Reason (R): Self-employed workers are those who use their own resources to earn and make a living.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 12
A person who participates in the production process and contributes to GDP formation is referred to as a worker. As here, Meena works in a cloth store to support her husband and contribute to GDP by donating her services, therefore, she can be considered a worker.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 13

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Indian economy is marching ahead towards progress.

Reason (R): The contribution of agriculture in national income is declining but the contribution of industries and service sector is increasing continuously. It is an indicator of economic development of the Indian Economy.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 13
The contribution of agriculture in national income is declining, But the contribution of industries and service sector is increasing continuously. It is an indicator of economic development of the Indian economy.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 14

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): Physical capital helps in formation of human capital.

Reason (R): Physical capital is passive in nature.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 14
Human capital helps in formation of physical capital.
Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 15

Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:

Assertion (A): In rural India, horticulture plays a vital role in providing food and nutrition to the rural population.

Reason (R): Various horticultural activities in Indian villages have improved the economic conditions of many farmers. Such activities have become a lucrative source of livelihood for many women in rural India.

Detailed Solution for Test: Current challenges facing Indian Economy- Assertion & Reason Type Questions - Question 15
Blessed with a varying climate and soil conditions, India has adopted growing of diverse horticultural crops such as fruits, vegetables, tuber crops, flowers, medicinal and aromatic plants, spices and plantation crops. These crops play a vital role in providing food and nutrition, besides addressing employment concerns. The Horticulture sector contributes nearly one-third of the value of agriculture output and six per cent of Gross Domestic Product of India. India has emerged as a world leader in producing a variety of fruits like mangoes, bananas, coconuts, cashew nuts and a number of spices and is the second largest producer of fruits and vegetables. Economic condition of many farmers engaged in horticulture has improved and it has become a means of improving livelihood for many unprivileged classes.
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