1 .Which factor poses a significant challenge to India's demographic dividend?

a) High dependency ratio

b) Declining life expectancy
c) Decrease in the working-age population
d) Rapid urbanization

Answer - a

2. Which economic theory or model best describes the post-1991 economic reforms in India?
a) Laffer Curve
b) Keynesian Economics
c) Washington Consensus
d) Trickle-Down Economics
Answer - c

3.Among the various sectors, which one has the highest potential for employment generation in the
Indian economy and why?
a) Services sector due to its adaptability to technological advancements
b) Manufacturing sector due to its labor-intensive nature
c) Agriculture sector due to its strong rural base
d) Information Technology sector due to its global demand

Answer - b

4. The concept of the 'North-South Divide' in India refers to:

a) The economic disparity between states located in northern and southern India
b) The geographical divide caused by the Himalayas
c) The linguistic differences between northern and southern Indian languages
d) The cultural divide between northern and southern Indian communities
Answer - a

5.How does the 'Make in India' initiative contribute to India's quest for becoming a global
manufacturing hub, and what are the challenges hindering its success?
a) It attracts foreign investment, but inadequate infrastructure remains a challenge.
b) It focuses on indigenous production, yet it struggles due to stringent labor laws.
c) It aims for technological advancement, but lack of skilled labor poses a hurdle.
d) It promotes export competitiveness, yet faces setbacks due to complex tax structures.

Answer - a

6. Which of the following is a key aspect of women's empowerment?

a) Restricting access to education for women
b) Limiting opportunities for economic participation
c) Ensuring equal rights and opportunities for women
d) Imposing strict societal roles and norms on women
Answer - c
7. What impact might the rising crude oil prices have on India's economy, considering its heavy
dependence on oil imports?
a) A potential surge in inflation, trade deficit, and pressure on the fiscal balance
b) An increase in domestic savings due to reduced consumer spending
c) An overall boost in industrial productivity and export competitiveness
d) A decrease in the current account deficit due to increased oil exports
Answer - a

8. How does the "HDI" (Human Development Index) assess the Indian economy's performance?
a) Solely based on GDP growth rate
b) By considering income, education, and life expectancy
c) Focused on industrial production and technological advancement
d) Analyzing the country's natural resource management
Answer - b

9. Which economic theory, introduced by Nobel laureate Amartya Sen, emphasizes the importance
of expanding capabilities and freedoms as the basis for development?
a) Monetarism
b) Sustainable Development Theory
c) Sen's Capability Approach
d) Neo-Keynesianism
Answer - c

10.Which region in India is known for its concentration of iron and steel industries, but still faces
developmental challenges?
a) Western India
b) Southern India
c) Eastern India
d) Northern India
Answer – c

 What are the salient features of ‘inclusive growth’? Has India been experiencing such a
growth process? Analyze and suggest measures for inclusive growth.

 It is argued that the strategy of inclusive growth is intended to meet the objectives of
inclusiveness and sustainability together. Comment on this statement.