CBSE Questions for Class 12 Commerce Economics Employment: Growth,Informalisation And Other Issues Quiz 9 - MCQExams.com

 Select the correct statement/statements regarding the pension reforms in India. using the code given below:
Pension reforms in India have evolved primarily in response to the need of reform in the Government pension system.
These have been designed to make a shift from 'defined-benefit to 'defined-contribution' by putting a cap on the Government's liability.  
  • Only 1
  • Only 2
  • 1 and 2
  • Neither I nor 2
An economy is following the policies given below:
Creating self-employment sources with high speed
Cutting its expenditure on the heads of salaries, subsidies and pension
Promoting public - private partnerships in the infrastructure sector
Select the correct outcome which the economy wants out of such a policy.
  • Promoting revenue expenditure at the cost of capital expenditures
  • Cutting revenue expenditures to promote capital expenditure
  • Promoting development expenditures without risking welfare
  • Both (b) and (c) are correct
Contract labour has been increasing in the country in the recent years— select the correct statements related to this fact using the code given below:
1.At present, around one fourth of all registered manufacturing workers are on contract in comparison to just $$12$$ per cent of late nineties.
2.This is higher in the states with more rigid labour laws.
3.India needs to tame down the instances of regulatory cholesterol.
  • 1 and 2
  • 1 only
  • 3 only
  • 1, 2 and 3
In______________ the workers are paid on the basis of hourly daily, weekly rate.
  • time rate system
  • piece rate system
  • premium bonus system
  • emerson efficiency plan
In free economy, inequalities in income is due to
  • fee competition
  • private property and inheritance
  • differences in the marginal productivity of labour
  • private property only
Which of the following taxes will be levied on Imports of goods and services?
  • CGST
  • SGST
  • IGST
  • Exempt
FEMA stands for _____________________.
  • Foreign Exchange Management Act
  • Funds Exchange Management Act
  • Finance Enhancement Monetary Act
  • Future Exchange Management Act
Which of the following sectors of economy is also called Industrial sector?
  • Primary
  • Secondary
  • Tertiary
  • None of these
NREGP is the abbreviated form of 
  • National Rural Employment Guarantee Programme
  • National Rural Educational Guarantee Programme
  • National Rapid Educational Guarantee Programme
  • National Rapid Employment Guarantee Programme
M.S.Swaminathan committee was appointed on
  • Bank Frauds
  • Public Welfare
  • Employment Opportunities and Fical Transparency
  • National Income
Sector-wise, maximum employment in the public sector is in:
  • electricity, gas and water
  • community, social and personal services
  • finance, insurance and real estate
  • transport, storage and communication
The largest source of revenue for Britishers in India was from  ____?
  • Textile and Jute Industry
  • Gems and Stone Industry
  • Temple Tax
  • Land revenue

The products received by exploiting natural resources come under which one of the following sectors ?
  • Quaternary
  • Tertiary
  • Secondary
  • Primary
Agriculture and related sector is called the primary sector of the economy.
  • True
  • False
The ________ covers activities in which natural products are changed into other forms throughways of manufacturing that we associate with industrial activity.
  • Secondary sector
  • Primary Sector
  • Tertiary Sector
  • None of the above
Which sector is also called agricultural related sector?
  • Primary
  • Secondary`
  • Tertiary
  • Private
When we produce a good by exploiting natural resources, it is an activity of the
  • Secondary sector
  • Primary sector
  • Tertiary Sector
  • Essential Sector
The sectors are classified into public and private sector on the basis of:
  • employment conditions
  • the nature of economic activity
  • ownership of enterprises
  • number of workers employed in the enterprise
Workers in the _________ sector do not produce goods.
  • Industrial
  • Tertiary
  • Agricultural
  • Secondary
How many days of work is guaranteed  under MNREGA?
  • 110
  • 100
  • 120
  • 125
In the public sector, the government is the owner.
  • True
  • False
MNREGA ACT was passed by Parliament to provide urban employment.
  • True
  • False
The ------------  is characterised by small and scattered units which are largely outside the control of the government.
  • Primary sector
  • Organised Sector
  • Unorganised Sector
  • Tertiary Sector
Most of the workers in the _________ sector enjoy job security.
  • Organised
  • Unorganised
  • Both a and b
  • Neither a nor b
Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India?
  • Primary
  • Secondary
  • Tertiary
  • Quaternary
MNREGA was launched in
  • 2004
  • 2005
  • 2006
  • 2007
MNREGA is related to 
  • Right to education
  • Right to work
  • Right to Life
  • Right to equality
_________  is the value of all final goods and services produced within a country during a particular year.
  • GNP
  • GDP
  • Inflation Rate
  • Industrial output
Primary activities are those which are directly produced from natural resources.
  • True
  • False
Underemployment occurs when people
  • do not want to work
  • are working in a lazy manner
  • are working less than what they are capable of doing
  • are not paid for their work
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