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 factors is NOT included in the calculation of Human Development Index (HDI)?

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What is the main aim of Public Distribution System (PDS) in India?

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Which organization publishes the Human Development Index (HDI)?

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What is “currency devaluation”?

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What does the term "depreciation" refer to in the context of assets?

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

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What is “open market operations” (OMO)?

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What is the meaning of “supply-side economics”?

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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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Which term refers to an economy that has elements of both capitalism and socialism?

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