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

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

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What does “primary sector” of the economy include?

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Which of the following is an example of a capital receipt for the government?

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What is the main aim of Public Distribution System (PDS) in India?

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What is meant by “stagflation”?

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What is “inclusive growth”?

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What is meant by “crowding out” in economics?

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What is “fiscal stimulus”?

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Which is the largest source of tax revenue for the Government of India?

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What is the term for the ability of an economy to produce more output from the same inputs?

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