Topic Details (Notes format)

Demographic Dividend and Labor Force

Subject: Economics

Book: Comprehensive Indian Economy

India’s demographic advantage arises from a high proportion of working-age population. This can power economic growth if harnessed with quality education, skill upgradation, and productive jobs. However, lack of skill alignment, outdated curricula, and slow growth in labor-intensive sectors may squander this potential. Government programs emphasize vocational training, entrepreneurship, and bridging skill gaps. Exam prep includes debates on automation threats, labor reforms to spur formal employment, and the potential for services and manufacturing to absorb large youth cohorts. Policies that ensure women’s workforce participation can further strengthen this dividend.

Practice Questions

What is the main feature of a free-market economy?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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Which of the following is NOT a component of Aggregate Demand?

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Which of the following is an example of a renewable resource?

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What is meant by “monetary policy”?

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Which of the following best describes “capital formation”?

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Which of the following is NOT an example of a direct tax?

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What does the “Phillips Curve” show?

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Which of the following causes demand-pull inflation?

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What is meant by the term “current account deficit”?

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