Inclusive Growth and Issues arising from it UPSC Questions

Inclusive Growth and Issues arising from it MCQ Questions

1.
Continuous periods of contraction over two quarters are known as _____
A.
Recession
B.
Depression
C.
Contraction
D.
Reference period
ANSWER :
A. Recession
2.
Still longer periods of continuous recession are known as _____
A.
Recession
B.
Depression
C.
Contraction
D.
Reference period
ANSWER :
B. Depression
3.
The world economy has witnessed The Great Depression during which year gap?
A.
1930-1934
B.
1929- 1933
C.
1928-1932
D.
1927-1931
ANSWER :
B. 1929- 1933
4.

Arrange the following in the correct order.
i. Increased purchasing power
ii. Increased production
iii. Increased Income
iv. Increased output

A.

i,ii,iii,iv

B.

ii,iv,i,iii

C.

iv,ii,iii,i

D.

iii,i,ii,iv

ANSWER :

D. iii,i,ii,iv

5.
India was believed till the reforms were initiated, caught in a _____ with low levels of incomes.
A.
Fast-growth cycle
B.
High-growth cycle
C.
Low-growth cycle
D.
Slow-growth cycle
ANSWER :
C. Low-growth cycle
6.
Low income and increasing population leading to increased _____ and unemployment in the country.
A.
Corruption
B.
Poverty
C.
Inflation
D.
Economic inequality
ANSWER :
B. Poverty