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

What is meant by “stagflation”?

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

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

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

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What is “CRR” in banking terminology?

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What does “primary sector” of the economy include?

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

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

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Which economic concept is described as “the next best alternative foregone”?

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