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Economy Practice Set 03

Authored practice, not a verbatim PYQ. 25 CAPF-level economy MCQs with answer key and one-line explanations, full-syllabus span across planning, schemes and inclusive growth.

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PaperPaper ISubjectEconomy

Authored practice, not a verbatim PYQ. Twenty-five single-correct MCQs in CAPF Paper I objective style, spanning planning, NITI Aayog, government schemes, poverty and inclusive growth. Attempt closed-book, then check the key. For year-sensitive figures, verify the latest.

Questions

Q1The body that replaced the Planning Commission in 2015 is:
  1. AFinance Commission
  2. BNITI Aayog
  3. CGST Council
  4. DSEBI
Q2The chairperson of NITI Aayog is the:
  1. AFinance Minister
  2. BPrime Minister
  3. CPresident
  4. DRBI Governor
Q3India's Five Year Plans were based on which planning model in the early decades?
  1. AFree-market model
  2. BMahalanobis (heavy industry) model in the Second Plan
  3. CGandhian model only
  4. DExport-led model
Q4MGNREGA guarantees how many days of wage employment per rural household per year?
  1. A50
  2. B100
  3. C150
  4. D200
Q5Pradhan Mantri Jan Dhan Yojana, launched in 2014, primarily aims at:
  1. AFree housing
  2. BFinancial inclusion through zero-balance bank accounts
  3. CCrop insurance
  4. DSkill training
Q6Ayushman Bharat (PM-JAY) provides:
  1. AFree LPG connections
  2. BHealth insurance for secondary and tertiary care
  3. COld-age pensions
  4. DFree education
Q7PM-KISAN provides eligible farmer families with:
  1. AFree seeds
  2. BDirect income support in instalments
  3. CFree electricity
  4. DSubsidised loans only
Q8The poverty line in India has traditionally been estimated on the basis of:
  1. AIncome tax records
  2. BCalorie-based consumption expenditure
  3. CStock market data
  4. DExport earnings
Q9Which committee is associated with the estimation of poverty using the "Tendulkar" methodology?
  1. ARangarajan Committee
  2. BTendulkar Committee
  3. CKelkar Committee
  4. DNarasimham Committee
Q10"Disguised unemployment" is most associated with which sector?
  1. AInformation technology
  2. BAgriculture
  3. CBanking
  4. DAviation
Q11The Pradhan Mantri Ujjwala Yojana provides:
  1. AFree LPG connections to poor households
  2. BPucca houses
  3. CCrop loans
  4. DToilets
Q12The "Swachh Bharat Mission" focuses on:
  1. ASanitation and clean India (toilets, waste management)
  2. BDigital payments
  3. CExport promotion
  4. DStock markets
Q13The Public Distribution System (PDS) distributes:
  1. ASubsidised foodgrains and essentials through fair price shops
  2. BBank loans
  3. CInsurance policies
  4. DFree smartphones
Q14The National Food Security Act was passed in which year?
  1. A2009
  2. B2013
  3. C2016
  4. D2019
Q15Which scheme provides housing for all with the goal of pucca houses for the poor?
  1. APradhan Mantri Awas Yojana
  2. BPM-KISAN
  3. CMGNREGA
  4. DAyushman Bharat
Q16"Inclusive growth" essentially means growth that:
  1. ABenefits only the urban rich
  2. BSpreads opportunity and reduces inequality across groups
  3. CIgnores rural areas
  4. DMaximises exports only
Q17The Human Development Index (HDI) is published by the:
  1. AWorld Bank
  2. BUNDP
  3. CIMF
  4. DWTO
Q18HDI combines income with which two other dimensions?
  1. AHealth and education
  2. BExports and imports
  3. CInflation and unemployment
  4. DSavings and investment
Q19"Frictional unemployment" refers to:
  1. ALong-term joblessness
  2. BShort-term joblessness while changing jobs
  3. CSeasonal joblessness in farming
  4. DUnemployment due to recession
Q20The Skill India Mission aims to:
  1. AProvide vocational and skill training to the workforce
  2. BBuild highways
  3. CDistribute foodgrains
  4. DRegulate banks
Q21The "demographic dividend" refers to:
  1. AA large dependent elderly population
  2. BEconomic benefit from a large working-age population
  3. CA fall in birth rates only
  4. DHigh migration
Q22Direct Benefit Transfer (DBT) aims to:
  1. ATransfer subsidies directly to beneficiaries' bank accounts to cut leakages
  2. BIncrease cash in circulation
  3. CRaise taxes
  4. DSubsidise exporters
Q23The Mid-Day Meal Scheme (now PM POSHAN) targets:
  1. ACollege students
  2. BSchoolchildren, to improve nutrition and attendance
  3. CSenior citizens
  4. DIndustrial workers
Q24"Structural unemployment" arises mainly from:
  1. AA mismatch between workers' skills and available jobs
  2. BShort job-search gaps
  3. CSeasonal farm work
  4. DA temporary demand fall
Q25Which index measures multiple deprivations in health, education and living standards?
  1. ASensex
  2. BMultidimensional Poverty Index (MPI)
  3. CWholesale Price Index
  4. DIndex of Industrial Production

Answer key

Reveal the answer key and full worked solutions
Q Answer Why
1 (b) NITI Aayog replaced the Planning Commission on 1 January 2015.
2 (b) The Prime Minister is the ex-officio chairperson of NITI Aayog.
3 (b) The Second Plan followed the Mahalanobis heavy-industry model.
4 (b) MGNREGA guarantees 100 days of wage employment.
5 (b) Jan Dhan Yojana drives financial inclusion via zero-balance accounts.
6 (b) PM-JAY provides health cover for secondary and tertiary care.
7 (b) PM-KISAN gives direct income support to eligible farmer families.
8 (b) The poverty line is based on calorie-linked consumption expenditure.
9 (b) The Tendulkar Committee gave the Tendulkar poverty methodology.
10 (b) Disguised unemployment is typical of overcrowded agriculture.
11 (a) Ujjwala Yojana gives free LPG connections to poor households.
12 (a) Swachh Bharat targets sanitation and cleanliness.
13 (a) PDS distributes subsidised foodgrains via fair price shops.
14 (b) The National Food Security Act was enacted in 2013.
15 (a) Pradhan Mantri Awas Yojana funds housing for the poor.
16 (b) Inclusive growth spreads opportunity and reduces inequality.
17 (b) UNDP publishes the Human Development Index.
18 (a) HDI combines income with health (life expectancy) and education.
19 (b) Frictional unemployment is short-term joblessness between jobs.
20 (a) Skill India provides vocational and skill training.
21 (b) The demographic dividend is the benefit of a large working-age population.
22 (a) DBT routes subsidies directly to beneficiary accounts to cut leakage.
23 (b) The Mid-Day Meal / PM POSHAN scheme feeds schoolchildren.
24 (a) Structural unemployment stems from skill-job mismatches.
25 (b) The Multidimensional Poverty Index captures health, education and living standards.

Cross-references

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