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 a feature of monopolistic competition?

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What is the term for the price at which demand and supply in a market are equal?

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What is the concept of “invisible hand” associated with?

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What is the meaning of "fiscal deficit"?

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What is the main aim of the “Startup India” initiative?

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

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Which of the following is a characteristic of “perfect competition”?

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What is the primary goal of a progressive tax system?

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What is the main purpose of monetary policy?

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What does the term “capital account” refer to in the balance of payments?

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