Tag: social science

Questions Related to social science

The New Economic Policy was introduced in India in _____________.

  1. $1991$

  2. $1998$

  3. $1997$

  4. None of these


Correct Option: A
Explanation:

India's New Economic Policy of 1991 was a neoliberal Structural Adjustment Program that allowed India to qualify for aid from the World Bank and IMF. In 1990, India faced an economic crisis and was "on the brink of default" on its debts.

The new economic policy included the policies of Liberalisation, Privatisation and Globalisation.

_________ is given to improve motivation and productivity among employees.

  1. Salary

  2. Incentive wages

  3. Fringe benefits

  4. Compensation


Correct Option: B

State whether the following statements are True or False.
Joint Family system increases the unemployment problem.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
High growth of population is the only cause of rural unemployment.

  1. True

  2. False


Correct Option: B

State whether the following statements are True or False.
Seasonal unemployment is more in urban areas.

  1. True

  2. False


Correct Option: A

In the industrial sector, the term 'gratuity' is treated as a __________ from the employer to his employees for the services rendered.

  1. Donation

  2. Profit Share

  3. Gift

  4. Salary


Correct Option: C

Rashtriya Swasthya Bima Yojana (RSBY) is a scheme launched by the Ministry of ______________.

  1. Finance

  2. Rural Development

  3. Commerce

  4. Labour


Correct Option: D
Explanation:

Rashtriya Swasthya Bima Yojana was implemented on April $1$, $2008$ by the Ministry of Labour, Govt of India. Under the scheme, all workers in unorganised sector in the BPL group and their families will be provided an insurance cover of Rs. $30,000$ per annum per family. The scheme has the provision of smart card to enable beneficiaries for cashless transaction of health care.

$75\%$ of the premium will be contributed by centre and remaining $25\%$ by states. $2$ states and Union Territories initiated the process to implement this scheme.

Frictional employment takes place when ______________.

  1. there are dynamic changes in the economy

  2. when there is a clash between two types of employment

  3. when there is no change in shifts in demand

  4. when there is no change in technological progress


Correct Option: A
Explanation:

Frictional employment/unemployment occurs when people are changing their jobs. When individuals are seeking better job opportunities, shifting from one job to another this happens. When there are sudden boosts or downfalls in the economy this could occur. 

Contract labour has been increasing in the country in the recent years— select the correct statements related to this fact using the code given below:
1. At present, around one fourth of all registered manufacturing workers are on contract in comparison to just $12$ per cent of late nineties.
2. This is higher in the states with more rigid labour laws.
3. India needs to tame down the instances of regulatory cholesterol.

  1. 1 and 2

  2. 1 only

  3. 3 only

  4. 1, 2 and 3


Correct Option: A
Explanation:

As per experts, slow pace of labour reforms is the main reason behind this incidence. Economic Survey 2015-16 terms it 'regulatory cholesterol'. 

Which of the following is/are true about the National Rural Employment Guarantee Act?
(A) The Act is now known as Indira Gandhi National Runid Employment Guarantee Act.
(B) The Act is now applicable to all the districts of the country.
(C) Minimum wage fixed under this Act is now Rs 250 per day.

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C


Correct Option: B