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 purpose of the "Minimum Support Price" (MSP) in India?

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

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

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

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What is “CRR” in banking terminology?

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Which of the following is NOT part of the World Bank Group?

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What is the primary purpose of Special Economic Zones (SEZs)?

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