Topic Details (Notes format)

Employment Generation and Skill Development

Subject: Economics

Book: Comprehensive Indian Economy

Promoting employment is vital for inclusive growth. Skill India, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), and apprenticeship programs aim to enhance workforce competencies. Startups, MSMEs, and labor-intensive manufacturing (textiles, food processing) can absorb large labor pools if policies address ease of doing business and infrastructure gaps. Migration to cities underscores the need for robust skill mapping and vocational training. Emphasis on “new economy” skill sets (AI, coding, data analytics) is rising. Exam answers often connect skill initiatives to bridging the mismatch between formal education outputs and industry demands, ensuring demographic dividend utilization.

Practice Questions

Which of the following is considered a public good?

View Question

What is meant by the term “current account deficit”?

View Question

What does “inclusive banking” mean?

View Question

What is the Phillips Curve?

View Question

Which of the following is NOT a function of the World Trade Organization (WTO)?

View Question

What is the “law of diminishing marginal utility”?

View Question

Which of the following is NOT an example of an indirect tax?

View Question

What does the term “national income” refer to?

View Question

What does the “Phillips Curve” show?

View Question

What is the objective of the Pradhan Mantri Jan Dhan Yojana?

View Question