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Prepare effectively for your SSC exams with our SSC Economics category, featuring a comprehensive selection of previous years’ General Knowledge questions on economics. This section covers essential economic concepts, theories, and current economic affairs relevant to the SSC exams. Explore detailed questions and answers on topics such as economic policies, national and international economics, financial systems, and economic statistics.
If the government revenue expenditure exceeds revenue receipt, It is called: revenue deficit primary deficit capital deficit fiscal deficit
Schools and hostels under the Ministry of Education’s Samagra Shiksha scheme will be renamed after: Shyama Prashad Mukharjee Netaji Subhas Chandra Bose Deen Dayal Upadhyaya Sardar Vallabhbhai Patel
Schools and hostels under the Ministry of Education's Samagra Shiksha scheme will be renamed after Netaji Subhas Chandra Bose.
Schools and hostels under the Ministry of Education's Samagra Shiksha scheme will be renamed after Netaji Subhas Chandra Bose.
See lessIntensive agriculture implies ______. bringing more land under cultivation cultivating large farms with moderately low inputs of labour and capital use of more labour and capital inputs on the given land under cultivation spreading farming across more states of India
Intensive agriculture implies the use of more labour and capital inputs on the given land under cultivation. Explanation: Intensive agriculture focuses on maximizing the productivity of a given piece of land by increasing the inputs applied to it. This involves using more labor and capital, such asRead more
Intensive agriculture implies the use of more labour and capital inputs on the given land under cultivation.
Explanation:
Intensive agriculture focuses on maximizing the productivity of a given piece of land by increasing the inputs applied to it. This involves using more labor and capital, such as advanced machinery, fertilizers, pesticides, and high-yield crop varieties. The goal is to achieve higher yields per unit area, which contrasts with extensive agriculture that increases production by bringing more land under cultivation. Intensive methods include practices like high-density planting, multiple cropping, and employing modern irrigation techniques to boost efficiency and output.
Which of the following is NOT a function of money? Medium of exchange Problem in storage Measure of value Standard of deferred payments
The function that is NOT a function of money is Problem in storage. Here’s a brief explanation of each function: Medium of exchange: Money is widely accepted as a method of payment for goods and services, facilitating transactions. Measure of value: Money provides a standard measure of value, allowiRead more
The function that is NOT a function of money is Problem in storage.
Here’s a brief explanation of each function:
Medium of exchange: Money is widely accepted as a method of payment for goods and services, facilitating transactions.
Measure of value: Money provides a standard measure of value, allowing individuals to compare and assess the worth of different goods and services.
Standard of deferred payments: Money is used to settle transactions that occur over time, such as loans and credit agreements.
Problem in storage: This is not a function of money. In fact, money's role is to be a store of value, meaning it should be able to hold value over time and be easily stored. The "problem in storage" is not a function but rather a potential issue related to money, such as inflation affecting its value.
Consider the following statements about unemployment in India: a) Seasonal unemployment is mainly found in urban areas. b) Educated unemployed people are mainly found in rural areas of India. c) Higher cropping intensity is desirable for reducing unemployment in the rural economy. Which of ...
a) Seasonal unemployment is mainly found in urban areas. Explanation: Seasonal unemployment is generally associated with rural areas rather than urban areas. It occurs when agricultural workers are unemployed during certain seasons of the year when there is no agricultural activity. This type of uneRead more
a) Seasonal unemployment is mainly found in urban areas.
Explanation: Seasonal unemployment is generally associated with rural areas rather than urban areas. It occurs when agricultural workers are unemployed during certain seasons of the year when there is no agricultural activity. This type of unemployment is most commonly found in rural areas due to the seasonal nature of agricultural work. In urban areas, seasonal unemployment is less common and not as pronounced.
b) Educated unemployed people are mainly found in rural areas of India.
Explanation: Educated unemployment is more prevalent in urban areas rather than rural areas. In rural areas, there is typically less access to higher education and job opportunities. However, in urban areas, there is often a higher concentration of educated individuals facing unemployment due to the mismatch between their qualifications and the available job opportunities. Thus, educated unemployment is predominantly an urban issue.
c) Higher cropping intensity is desirable for reducing unemployment in the rural economy.
Explanation: Higher cropping intensity refers to growing more than one crop in a year on the same piece of land. This can help in reducing unemployment in rural areas by providing more employment opportunities to agricultural workers throughout the year. By increasing the number of crops produced, the demand for labor increases, thus reducing seasonal unemployment and potentially providing more stable income sources for rural workers.
Conclusion:
Thus, the correct statement is c.
See lessThe ‘Right to Work’ plan, under the National Rural Employment Guarantee Act, 2005, was Implemented in how many districts in the first phase? 150 200 100 120
The ‘Right to Work’ plan under the National Rural Employment Guarantee Act, 2005, was implemented in 200 districts in the first phase.
The ‘Right to Work’ plan under the National Rural Employment Guarantee Act, 2005, was implemented in 200 districts in the first phase.
See lessMachines, tools and Implements, and buildings are examples of which type of goods? Consumer goods Inferior goods Intermediate goods Capital goods
Machines, tools and implements, and buildings are examples of capital goods.
Machines, tools and implements, and buildings are examples of capital goods.
See lessThe Mana Ooru – Mana Badi programme was formally launched by the ___________ government in March 2022 to introduce English medium in government schools. Odisha West Bengal Andhra Pradesh Telangana
The Mana Ooru - Mana Badi programme was formally launched by the Telangana government in March 2022 to introduce English medium in government schools.
The Mana Ooru – Mana Badi programme was formally launched by the Telangana government in March 2022 to introduce English medium in government schools.
See lessThe Pradhan Mantri Rojgar Yojana was started during the _________. Ninth Five Year Plan Eighth Five Year Plan Seventh Five Year Plan Tenth Five Year Plan
The Pradhan Mantri Rojgar Yojana (PMRY) was started during the Eighth Five Year Plan.
The Pradhan Mantri Rojgar Yojana (PMRY) was started during the Eighth Five Year Plan.
See lessWho is the regulator of Micro Finance Institutions in India? SEBI RBI NABARD SBI
The regulator of Micro Finance Institutions in India is the RBI (Reserve Bank of India).
The regulator of Micro Finance Institutions in India is the RBI (Reserve Bank of India).
See less
The correct answer is revenue deficit. A revenue deficit occurs when the government’s revenue expenditure exceeds its revenue receipts.
The correct answer is revenue deficit.
A revenue deficit occurs when the government’s revenue expenditure exceeds its revenue receipts.
See less