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 is NOT a function of the World Trade Organization (WTO)?

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

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

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What is the significance of “Purchasing Power Parity” (PPP)?

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What is the main purpose of monetary policy?

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What is meant by “stagflation”?

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What is the meaning of “supply-side economics”?

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What is meant by “structural unemployment”?

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Which of the following statements best defines Gross Domestic Product (GDP)?

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

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