The question asks for the economic term used to describe continuous periods of contraction over two quarters. This is a standard definition in macroeconomics related to business cycles.
Correct Option: A) Recession. A recession is commonly defined as two consecutive quarters (six months) of negative economic growth, typically measured by a decline in real Gross Domestic Product (GDP).
The Janani Suraksha Yojana (JSY) is a safe motherhood intervention under the National Rural Health Mission (NRHM). It aims to reduce maternal and infant mortality by promoting institutional deliveries. Understanding the core objectives of this scheme is crucial to answer the question.
Based on the analysis, statements 1 and 2 are correct, while statement 3 is incorrect.
Correct Option: A) 1 and 2 only
The question asks to identify measures that contribute to inclusive growth. Inclusive growth refers to economic growth that is distributed fairly across society and creates opportunities for all, especially the marginalized. We need to evaluate each given statement against this definition.
All three statements directly align with the objectives of inclusive growth by empowering individuals, creating economic opportunities, and ensuring social equity through education.
D) 1, 2 and 3. All three measures—promoting self-help groups, promoting MSMEs, and implementing the Right to Education Act—are crucial for achieving inclusive growth by empowering various sections of society, creating employment, and ensuring equitable access to opportunities.
The question asks for the term used to describe a prolonged period of continuous economic recession. Understanding the definitions of various stages of the business cycle is crucial here.
B) Depression is the correct answer. A depression is essentially a very severe and prolonged recession, characterized by a significant decline in economic activity over an extended period, often years, with high unemployment and low production.
The question asks to identify which of the listed establishments can have their employees covered under the Employees' State Insurance (ESI) Scheme. The ESI Act, 1948, is a social security legislation that provides medical and cash benefits to workers and their dependents. Understanding the scope and applicability of the ESI Act is crucial to answer this question.
D) 1, 2, 3 and 4. All the establishments listed, namely Hotels and restaurants, Motor transport undertakings, Newspaper establishments, and Private medical institutions, are covered under the Employees' State Insurance Scheme, provided they meet the minimum employee strength criteria as per the ESI Act and its subsequent notifications.
The question asks about the primary objective of the Pradhan Mantri Jan-Dhan Yojana (PMJDY). To answer this, one needs to recall the core purpose and features of this flagship government scheme.
Correct Option: C) promoting financial inclusion in the country