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 meaning of “disguised unemployment”?

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What is meant by “crowding out” in economics?

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Which organization publishes the Human Development Index (HDI)?

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Which of the following is an example of a non-renewable resource?

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

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What is meant by “monetary policy”?

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Which of the following is NOT an example of a direct tax?

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

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What is the main function of the Reserve Bank of India (RBI)?

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What is “inflation targeting”?

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