Topic Details (Notes format)

Employment Generation and Skill Development

Subject: Economics

Book: Comprehensive Indian Economy

Promoting employment is vital for inclusive growth. Skill India, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), and apprenticeship programs aim to enhance workforce competencies. Startups, MSMEs, and labor-intensive manufacturing (textiles, food processing) can absorb large labor pools if policies address ease of doing business and infrastructure gaps. Migration to cities underscores the need for robust skill mapping and vocational training. Emphasis on “new economy” skill sets (AI, coding, data analytics) is rising. Exam answers often connect skill initiatives to bridging the mismatch between formal education outputs and industry demands, ensuring demographic dividend utilization.

Practice Questions

What does the term “capital account” refer to in the balance of payments?

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

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What is “open market operations” (OMO)?

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What is “CRR” in banking terminology?

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What does the Gini Coefficient measure?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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Which of the following measures is most effective in controlling inflation?

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Which of the following causes demand-pull inflation?

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What is meant by “monetary policy”?

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Which of the following is a feature of monopolistic competition?

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