Commerce Exam  >  Commerce Tests  >  Economics Class 12  >  Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Commerce MCQ

Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Commerce MCQ


Test Description

10 Questions MCQ Test Economics Class 12 - Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions

Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions for Commerce 2024 is part of Economics Class 12 preparation. The Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions below.
Solutions of Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions questions in English are available as part of our Economics Class 12 for Commerce & Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions solutions in Hindi for Economics Class 12 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions | 10 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Economics Class 12 for Commerce Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 1

Which of the following statements is not true about the power sector in India?

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 1
State Electricity Boards (SLBs) which distribute electricity, incur losses which exceed Rs. 500 billion due lo transmission and distribution losses, wrong pricing of electricity and other inefficiencies.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 2

Direction~ Read the following hypothetical case study carefully and answer the questions follow on the basis of the same.

Since ages, farmers in India have taken recourse to debt. In the earlier times the same was from informal sources. Since independence with the efforts of the government, formal sector has actively come into picture. Farmers borrow not only to meet their investment needs but also to satisfy their personal needs. Uncertainty of income caused by factors likes crop failure caused by irregular rainfall, reduction in ground water table, locust/other pest attack, etc. These reasons push them into the clutches of the private money lenders, who charge exorbitant rates of interest which add to their miseries.

Various governments in India, at different times for different reasons, introduced debt relief/waiver schemes. These schemes are used by governments as a quick means to extricate farmers from their indebtedness, helping to restore their capacity to invest and produce, in short to lessen the miseries of the farmers across India. The costs and benefits of such debt relief schemes are, however, a widely debated topic among economists.

Some economists argue that such schemes are extremely beneficial to the poor and marginalised farmers while others argue that these schemes add to the fiscal burden of the government, others believe that these schemes may develop the expectation of repeated bailouts among farmers which may spoil the credit culture among farmers.

Uncertainty of income for farmers in India is majorly caused by ________________.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 2
Uncertainty of income caused by factors likes crop failure caused by

(i) irregular rainfall,

(ii) reduction in ground water table,

(iii) locust/other pest attack, etc.

Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 3

Direction~ Read the following hypothetical case study carefully and answer the questions follow on the basis of the same.

Since ages, farmers in India have taken recourse to debt. In the earlier times the same was from informal sources. Since independence with the efforts of the government, formal sector has actively come into picture. Farmers borrow not only to meet their investment needs but also to satisfy their personal needs. Uncertainty of income caused by factors likes crop failure caused by irregular rainfall, reduction in ground water table, locust/other pest attack, etc. These reasons push them into the clutches of the private money lenders, who charge exorbitant rates of interest which add to their miseries.

Various governments in India, at different times for different reasons, introduced debt relief/waiver schemes. These schemes are used by governments as a quick means to extricate farmers from their indebtedness, helping to restore their capacity to invest and produce, in short to lessen the miseries of the farmers across India. The costs and benefits of such debt relief schemes are, however, a widely debated topic among economists.

Some economists argue that such schemes are extremely beneficial to the poor and marginalised farmers while others argue that these schemes add to the fiscal burden of the government, others believe that these schemes may develop the expectation of repeated bailouts among farmers which may spoil the credit culture among farmers.

The rural banking structure in India consists of a set of multi-agency institutions _____________ is expected to dispense credit at cheaper rates for agricultural purposes to farmers.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 3
The institutional structure of rural banking today consists of a set of multi agency institutions, which are

(i) Commercial banks

(ii) Regional Rural Banks (HHBs)

(iii) Co-operatives and Land development banks

Recently, Self-Help Groups (henceforth SHGs) have also emerged.

Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 4

Direction~ Read the following hypothetical case study carefully and answer the questions follow on the basis of the same.

Since ages, farmers in India have taken recourse to debt. In the earlier times the same was from informal sources. Since independence with the efforts of the government, formal sector has actively come into picture. Farmers borrow not only to meet their investment needs but also to satisfy their personal needs. Uncertainty of income caused by factors likes crop failure caused by irregular rainfall, reduction in ground water table, locust/other pest attack, etc. These reasons push them into the clutches of the private money lenders, who charge exorbitant rates of interest which add to their miseries.

Various governments in India, at different times for different reasons, introduced debt relief/waiver schemes. These schemes are used by governments as a quick means to extricate farmers from their indebtedness, helping to restore their capacity to invest and produce, in short to lessen the miseries of the farmers across India. The costs and benefits of such debt relief schemes are, however, a widely debated topic among economists.

Some economists argue that such schemes are extremely beneficial to the poor and marginalised farmers while others argue that these schemes add to the fiscal burden of the government, others believe that these schemes may develop the expectation of repeated bailouts among farmers which may spoil the credit culture among farmers.

Some economists argue that debt waiver schemes are extremely beneficial to the poor and marginalised farmers, as these schemes reduce the burden of ________________.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 4
Various governments in India, from time to time for various reasons, introduced debt relief/waiver schemes. These programs are being used by governments as a quick way to get farmers out of their debt, helping to restore their investment and productivity potential, in short reducing the plight of farmers across India.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 5

Direction~ Read the following hypothetical case study carefully and answer the questions follow on the basis of the same.

Since ages, farmers in India have taken recourse to debt. In the earlier times the same was from informal sources. Since independence with the efforts of the government, formal sector has actively come into picture. Farmers borrow not only to meet their investment needs but also to satisfy their personal needs. Uncertainty of income caused by factors likes crop failure caused by irregular rainfall, reduction in ground water table, locust/other pest attack, etc. These reasons push them into the clutches of the private money lenders, who charge exorbitant rates of interest which add to their miseries.

Various governments in India, at different times for different reasons, introduced debt relief/waiver schemes. These schemes are used by governments as a quick means to extricate farmers from their indebtedness, helping to restore their capacity to invest and produce, in short to lessen the miseries of the farmers across India. The costs and benefits of such debt relief schemes are, however, a widely debated topic among economists.

Some economists argue that such schemes are extremely beneficial to the poor and marginalised farmers while others argue that these schemes add to the fiscal burden of the government, others believe that these schemes may develop the expectation of repeated bailouts among farmers which may spoil the credit culture among farmers.

________ is the most prominent body responsible for providing loans for long term land development.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 5
Land development bank provides long-term funds for various agriculture related projects besides development of land and business.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 6

Which of the following statements is not true regarding infrastructure in India?

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 6
Infrastructure into two categories: Economic and Social. Infrastructure associated with energy, transportation and communication are included in the former category whereas those related to education, health and housing are included in the latter.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 7

Direction: New Delhi: Prime Minister Narendra Modi on Saturday launched the Ayushman Bharat Scheme via video-conferencing to extend health insurance coverage to all residents of Jammu and Kashmir. The Prime Minister’s Office said the scheme will ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities.

Union Home Minister Amit Shah and the Union Territory’s Lieutenant Governor, Manoj Sinha, also spoke on the occasion.

The scheme will provide free-of-cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of upto ₹ 5 lakhs per family on a floater basis to all residents of the UT.

There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-JAY.

The benefits of the scheme will be portable across the country. The hospitals empanelled under the PM-JAY scheme shall provide services under this scheme as well, the PMO said.

– The Economic Times – 26th December, 2020

What does the Ayushman Bharat Scheme provide?

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 7
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana of the Government of India is a national health insurance scheme of the state that aims to provide free access to healthcare for low income earners in the country.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 8

Direction: New Delhi: Prime Minister Narendra Modi on Saturday launched the Ayushman Bharat Scheme via video-conferencing to extend health insurance coverage to all residents of Jammu and Kashmir. The Prime Minister’s Office said the scheme will ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities.

Union Home Minister Amit Shah and the Union Territory’s Lieutenant Governor, Manoj Sinha, also spoke on the occasion.

The scheme will provide free-of-cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of upto ₹ 5 lakhs per family on a floater basis to all residents of the UT.

There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-JAY.

The benefits of the scheme will be portable across the country. The hospitals empanelled under the PM-JAY scheme shall provide services under this scheme as well, the PMO said.

– The Economic Times – 26th December, 2020

What is the main benefit of the scheme?

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 8
The scheme is launched to ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 9

Direction: New Delhi: Prime Minister Narendra Modi on Saturday launched the Ayushman Bharat Scheme via video-conferencing to extend health insurance coverage to all residents of Jammu and Kashmir. The Prime Minister’s Office said the scheme will ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities.

Union Home Minister Amit Shah and the Union Territory’s Lieutenant Governor, Manoj Sinha, also spoke on the occasion.

The scheme will provide free-of-cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of upto ₹ 5 lakhs per family on a floater basis to all residents of the UT.

There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-JAY.

The benefits of the scheme will be portable across the country. The hospitals empanelled under the PM-JAY scheme shall provide services under this scheme as well, the PMO said.

– The Economic Times – 26th December, 2020

The financial cover under the scheme is of ______________ per family.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 9
Ayushman Bharat Yojana (PMJAY) will help these households avail the best healthcare services with insurance coverage up to INR 5 lakh for each family per year for tertiary and secondary hospitalization expenses.
Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 10

Direction: New Delhi: Prime Minister Narendra Modi on Saturday launched the Ayushman Bharat Scheme via video-conferencing to extend health insurance coverage to all residents of Jammu and Kashmir. The Prime Minister’s Office said the scheme will ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities.

Union Home Minister Amit Shah and the Union Territory’s Lieutenant Governor, Manoj Sinha, also spoke on the occasion.

The scheme will provide free-of-cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of upto ₹ 5 lakhs per family on a floater basis to all residents of the UT.

There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-JAY.

The benefits of the scheme will be portable across the country. The hospitals empanelled under the PM-JAY scheme shall provide services under this scheme as well, the PMO said.

– The Economic Times – 26th December, 2020

________ is the other name of the scheme.

Detailed Solution for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions - Question 10
The scheme will operate on insurance mode in convergence with PM-JAY.
100 videos|307 docs|59 tests
Information about Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions Page
In this test you can find the Exam questions for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Employment: Growth, Informalisation and other issues- Case Based Type Questions, EduRev gives you an ample number of Online tests for practice

Up next

100 videos|307 docs|59 tests
Download as PDF

Up next

Download the FREE EduRev App
Track your progress, build streaks, highlight & save important lessons and more!