Topic Details (Notes format)

Skill Development Missions

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Skill missions (PMKVY, DDU-GKY) address workforce readiness by providing vocational training, especially to rural youth. Aligning skill curricula with industry demands is crucial to curb mismatched job aspirations. Successful outcomes hinge on robust monitoring, certified trainers, and dynamic course content for emerging fields like AI or robotics. Exams typically ask about bridging formal education with skill programs, financing (National Skill Development Corporation), and the extent to which these efforts yield employable graduates.

Practice Questions

What is “open market operations” (OMO)?

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Which is the largest source of tax revenue for the Government of India?

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Which of the following is a direct tax?

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What does the term “elasticity of demand” measure?

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What does the “Phillips Curve” show?

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Which of the following measures is most effective in controlling inflation?

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Which of the following measures can reduce a trade deficit?

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What is the main feature of a free-market economy?

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Which organization publishes the Human Development Index (HDI)?

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What is the “law of diminishing marginal utility”?

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