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Economics: CUET Mock Test - 9


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40 Questions MCQ Test CUET Mock Test Series | Economics: CUET Mock Test - 9

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Economics: CUET Mock Test - 9 - Question 1

By which year governments are aiming to meet the Millennium Development Goals including halving the rate of global poverty?

Economics: CUET Mock Test - 9 - Question 2

Who was the first to use the concept of poverty line in India

Economics: CUET Mock Test - 9 - Question 3

Five state account for 70% of India’s poor which of the following is not one of them

Economics: CUET Mock Test - 9 - Question 4

VAMBAYsands for

Economics: CUET Mock Test - 9 - Question 5

Valmiki Ambedkar Awas Yojne was launched in

Economics: CUET Mock Test - 9 - Question 6

The Planning Commission has defined the poverty line on the basis of recommended nutritional requirement of ____ calories per person per day for rural areas

Detailed Solution for Economics: CUET Mock Test - 9 - Question 6

It was based on minimum daily requirement of 2,400 and 2,100 calories for an adult in rural and urban areas, respectively.

Economics: CUET Mock Test - 9 - Question 7

Yojna whose aim was to construct and upgrade the dwelling units for the slum dwellers

Detailed Solution for Economics: CUET Mock Test - 9 - Question 7

Valmiki Ambedkar Awas Yojana (VAMBAY) is a centrally sponsored scheme for the benefit of Slum Dwellers. The objective of Valmiki Ambedkar Awas Yojana (VAMBAY) is primarily to provide shelter or upgrade the existing shelter for people living Below Poverty Line in Urban Slums, with a view to achieve the goal of “Shelter for All”.

Economics: CUET Mock Test - 9 - Question 8

The poverty line defined for rural areas as consumption worth rupees ____ per person a month

Economics: CUET Mock Test - 9 - Question 9

_______ it is a cut off point on the line of distribution which divides the population into poor and non-poor

Economics: CUET Mock Test - 9 - Question 10

Poverty line is determined on the basis of monetary value minimum subsistence level which is

Detailed Solution for Economics: CUET Mock Test - 9 - Question 10

There is a large gap between the conceptual understanding of poverty and its measurement in both rural and urban areas. Poverty is understood to encompass many different aspects including inadequate consumption, inadequate income and asset base, and inadequate access to basic infrastructure and services. For urban poverty, at the very least it should reflect the income needed not only to purchase sufficient food but also to obtain a secure shelter with adequate quality water, sanitation and garbage collection, to pay for transport and for keeping children at school, and to afford health care and medicines when needed. The ‘non-food’ monetary costs of avoiding poverty are generally higher in urban areas than in rural areas, as access to housing, resources and services are monetized – and usually particularly expensive in larger or more prosperous cities.

Economics: CUET Mock Test - 9 - Question 11

In India share of ___ percent of low income group of people in the national income while that of ___ percent of high income group people is 45.3 percent

Economics: CUET Mock Test - 9 - Question 12

Which among the following schemes was started in the year 2000 for the indigent senior citizens?

Economics: CUET Mock Test - 9 - Question 13

Those who regularly move in and out of poverty like small farmers are called

Detailed Solution for Economics: CUET Mock Test - 9 - Question 13

Churning poor is a sub category of poor, in which a person keeps on struggling to stay above the poverty line. In this type they regularly move in and out of poverty.

Economics: CUET Mock Test - 9 - Question 14

The aim is to provide food grains at highly subsidized rates to poor families

Detailed Solution for Economics: CUET Mock Test - 9 - Question 14

Antyodya anna yogna i.e AAY provides food grains to poor people at cheap price. it is supported by the government.

Economics: CUET Mock Test - 9 - Question 15

UWSP and USEP are the two components of which yojna

Detailed Solution for Economics: CUET Mock Test - 9 - Question 15

Swaran Jayanti Shahari Rozgar Yojna. The Urban Self-Employment Program and the Urban Wage Employment Program are two special schemes of the SJSRY initiated in December 1997, which replaced various programs operated earlier for urban poverty alleviation

Economics: CUET Mock Test - 9 - Question 16

A level of expenditure at which minimum food needs are met is called

Economics: CUET Mock Test - 9 - Question 17

In April 1999 which programme launched

Detailed Solution for Economics: CUET Mock Test - 9 - Question 17

Jawahar Gram Samridhi Yojana (JGSY) AKA Jawahar Rozgar Yojana (JRY). Launched on 1st April 1999, which was designed for the purpose of improving the quality of life of the rural poor by providing them additional gainful employment.

Economics: CUET Mock Test - 9 - Question 18

The Planning Commission has defined the poverty line on the basis of recommended nutritional requirement of ____ calories per person per day for urban areas

Economics: CUET Mock Test - 9 - Question 19

The poverty line defined for urban areas as consumption worth rs ____ per person a month

Detailed Solution for Economics: CUET Mock Test - 9 - Question 19

The poverty line is set on the basis of monthly spending on food, education, health, electricity and transport. According to this estimate, in year 2000 a person who earns below Rs. 15.14 in urban areas in a day are defined as living below the poverty line which makes it 454 per month.

Economics: CUET Mock Test - 9 - Question 20

Under the Food for work programme the wages to the workers can be paid in

Detailed Solution for Economics: CUET Mock Test - 9 - Question 20

Wages are to be paid partly in cash and partly in food grains.  Grains should be at least 5 kg of the wages, and cash should be at least 25%.

Economics: CUET Mock Test - 9 - Question 21

In the year 2004-2005 ____ percentage of population was below the poverty line

Detailed Solution for Economics: CUET Mock Test - 9 - Question 21

In 2004-05, 37.2% of the country's population was below the poverty line with ratios for rural and urban areas at 41.8% and 25.7%. 

Economics: CUET Mock Test - 9 - Question 22

AAY stands for

Economics: CUET Mock Test - 9 - Question 23

For how many days NREGA provides employment?

Detailed Solution for Economics: CUET Mock Test - 9 - Question 23

"Mahatma Gandhi National Rural Employment Guarantee Act", MGNREGA), is an Indian labour law and social security measure that aims to guarantee the 'right to work'. This act was passed in September 2005.It aims to enhance livelihood security in rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.

Economics: CUET Mock Test - 9 - Question 24

In India per capita income is about ___ dollar per annum

Economics: CUET Mock Test - 9 - Question 25

Per capita per annum income of the ___ is 41,890 dollar that of ____ is 35,485 dollar and ___ 49,351 dollar

Detailed Solution for Economics: CUET Mock Test - 9 - Question 25

Per capita GDP is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by 

Economics: CUET Mock Test - 9 - Question 26

When we talk of poverty in a country we mean by

Economics: CUET Mock Test - 9 - Question 27

Having insufficient income to provide a minimum standard of living is

Economics: CUET Mock Test - 9 - Question 28

The scheme provide healthy urban environment through community toilets

Detailed Solution for Economics: CUET Mock Test - 9 - Question 28

The VAMBAY was launched in December 2001 to ameliorate the conditions of the urban slum dwellers living below the poverty line without adequate shelter.The scheme has the primary objective of facilitating the construction and up-gradation of dwelling units for slum dwellers and providing a healthy and enabling urban environment through community toilets under Nirmal Bharat Abhiyan, a component of the scheme.The Central Government provides a subsidy of 50 per cent, the balance 50 per cent being arranged by the State Government.There are prescribed ceilings on costs both for dwelling units and community toilets. During 2003-04, Central subsidy to the extent of Rs. 239 crore has been released. Since inception up to May 2004, Rs. 522 crore have been released as Government of India subsidy for the construction/upgradation of 2,46,035 dwelling units and 29,263 toilet seats under the scheme.

Economics: CUET Mock Test - 9 - Question 29

According to UNO those countries are considered relative poor where per capita income is less than

Detailed Solution for Economics: CUET Mock Test - 9 - Question 29

The international poverty line, which is currently $1.90 a day, is the threshold that determines whether someone is living in poverty. The line is based on the value of goods needed to sustain one adult.
The international poverty line was originally set to roughly $1 a day till 2008.

Economics: CUET Mock Test - 9 - Question 30

Sampoorna Gramin Rozgar Yojna being implemented on a cost sharing ratio of ____ between the centre and states

Economics: CUET Mock Test - 9 - Question 31

Source of human capital formation is

Detailed Solution for Economics: CUET Mock Test - 9 - Question 31

Expenditure on health is an important source of human capital formation. Health expenditure directly increases the supply of healthy labour force and is, thus, a source of human capital formation. Preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditure

Economics: CUET Mock Test - 9 - Question 32

Human capital consists of

Detailed Solution for Economics: CUET Mock Test - 9 - Question 32

Human capital includes the inherent and acquired skill sets of the entire population of a country. However, education, health, on-job training enhance the quality of human capital.

Economics: CUET Mock Test - 9 - Question 33

In how many stages of education are there in India

Detailed Solution for Economics: CUET Mock Test - 9 - Question 33

The school system in India has four levels: lower primary (age 6 to 10), upper primary (11 and 12), high (13 to 15) and higher secondary (17 and 18).

Economics: CUET Mock Test - 9 - Question 34

Human capital is similar to physical capital because

Detailed Solution for Economics: CUET Mock Test - 9 - Question 34

Physical capital consists of tangible, man-made objects that a company buys or invests in and uses to produce goods.
Human Capital includes labor and other resources that humans can provide—education, experience or unique skills—that contribute to the production process.
Human capital and physical capital accumulation are similar: In both cases, investment pays off in longer-term productivity in the future.

Economics: CUET Mock Test - 9 - Question 35

Which of the following state have high literacy rate 

Detailed Solution for Economics: CUET Mock Test - 9 - Question 35

According to Census 2011, Kerala has the highest total literacy rate and female literacy rate i.e.94%.

Economics: CUET Mock Test - 9 - Question 36

The stock of skill, ability, expertise, education and knowledge in a nation at a point of time known as

Detailed Solution for Economics: CUET Mock Test - 9 - Question 36

Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative. Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value.

Economics: CUET Mock Test - 9 - Question 37

People as a resource means

Detailed Solution for Economics: CUET Mock Test - 9 - Question 37

People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care.

Economics: CUET Mock Test - 9 - Question 38

A person becomes a human resource when he/she

Detailed Solution for Economics: CUET Mock Test - 9 - Question 38

Human resources are used to describe the people who work. They are resource to an organization or a business or is providing some kind of work or service by working, which will provide that business output and make effective and efficient.
A person only becomes human resource when he/she is willing to work, Is able to work and Belongs to particular age group.

Economics: CUET Mock Test - 9 - Question 39

People of which age group are treated as potential labour force

Economics: CUET Mock Test - 9 - Question 40

Problems faced by the human capital formation is

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