Topic Details (Notes format)

Skill Development Missions

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Skill missions (PMKVY, DDU-GKY) address workforce readiness by providing vocational training, especially to rural youth. Aligning skill curricula with industry demands is crucial to curb mismatched job aspirations. Successful outcomes hinge on robust monitoring, certified trainers, and dynamic course content for emerging fields like AI or robotics. Exams typically ask about bridging formal education with skill programs, financing (National Skill Development Corporation), and the extent to which these efforts yield employable graduates.

Practice Questions

Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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Which of the following measures can reduce a trade deficit?

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What is the meaning of “dumping” in international trade?

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Which term refers to an economy that has elements of both capitalism and socialism?

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What is the main objective of disinvestment in public sector undertakings (PSUs)?

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

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What is the “law of diminishing marginal utility”?

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What is meant by “marginal propensity to consume”?

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

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