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 can reduce a trade deficit?

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What is meant by “monetary policy”?

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What is “CRR” in banking terminology?

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What is “inflation targeting”?

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Which of the following sectors contributes the most to India’s GDP?

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What is the objective of the Goods and Services Tax (GST)?

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Which of the following is NOT an example of an indirect tax?

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

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Which of the following is a feature of monopolistic competition?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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