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 is the primary goal of a progressive tax system?

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Which of the following best describes “capital formation”?

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

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

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

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What does the term "depreciation" refer to in the context of assets?

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Which of the following is a feature of monopolistic competition?

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What is the “law of diminishing marginal utility”?

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What is the primary function of the International Monetary Fund (IMF)?

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What is the term for the price at which demand and supply in a market are equal?

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