Static Quiz 20 February 2025 (Economics)
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Static Quiz 20 February 2025 (Economics) For UPSC Exam
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- Question 1 of 5
1. Question
The term ‘Population momentum’ sometimes appears in the context of population growth in a country. What does it mean?
CorrectAns) b
Exp) Option b is the correct answer.
Population momentum refers to a situation where a large population of women of reproductive age will fuel population growth over the next generation, even if each woman has fewer children than previous generations did (i.e., low fertility rate). It explains why the number of children in the world will not decline as rapidly as the fertility rate.IncorrectAns) b
Exp) Option b is the correct answer.
Population momentum refers to a situation where a large population of women of reproductive age will fuel population growth over the next generation, even if each woman has fewer children than previous generations did (i.e., low fertility rate). It explains why the number of children in the world will not decline as rapidly as the fertility rate. - Question 2 of 5
2. Question
Consider the following statements regarding Industry 4.0:
1. It integrates technologies such as cloud computing and machine learning into the manufacturing process.
2. SAMARTH Udyog Bharat 4.0 is an initiative which promotes Industry 4.0 in India.
Which of the statements given above is/are correct?CorrectAns) c
Exp) Option c is the correct answer.
• Statement 1 is correct:
Industry 4.0 integrates new technologies such as cloud computing, IoT, machine learning, and artificial intelligence (AI) into manufacturing processes, enhancing efficiencies across the value chain.
• Statement 2 is correct:
The Government of India promotes Industry 4.0 under initiatives like SAMARTH (Smart Advanced Manufacturing and Rapid Transformation Hubs) Udyog Bharat 4.0, aiming to boost Aatmanirbharta and strengthen global value chain participation.SAMARTH Udyog Bharat 4.0:
1. It is a scheme under the Ministry of Heavy Industries and Public Enterprises.
2. It encourages technological solutions for Indian manufacturing units through awareness programs and demonstrations.
3. It aims to create an ecosystem for the propagation of Industry 4.0 technologies in Indian manufacturing.IncorrectAns) c
Exp) Option c is the correct answer.
• Statement 1 is correct:
Industry 4.0 integrates new technologies such as cloud computing, IoT, machine learning, and artificial intelligence (AI) into manufacturing processes, enhancing efficiencies across the value chain.
• Statement 2 is correct:
The Government of India promotes Industry 4.0 under initiatives like SAMARTH (Smart Advanced Manufacturing and Rapid Transformation Hubs) Udyog Bharat 4.0, aiming to boost Aatmanirbharta and strengthen global value chain participation.SAMARTH Udyog Bharat 4.0:
1. It is a scheme under the Ministry of Heavy Industries and Public Enterprises.
2. It encourages technological solutions for Indian manufacturing units through awareness programs and demonstrations.
3. It aims to create an ecosystem for the propagation of Industry 4.0 technologies in Indian manufacturing. - Question 3 of 5
3. Question
Which of the following statements best describes the economic situation of ‘Glass Cliff’?
CorrectAns) a
Exp) Option a is the correct answer.
The “Glass Cliff” refers to situations where women are promoted to leadership roles during times of crisis or recession, increasing their likelihood of facing failure. Companies use this as a strategy to:
• Appear progressive by promoting women.
• Assign blame to women leaders if recovery efforts fail.
• Reappoint men to positions without backlash if the woman fails.
Other options:
• Option b (Incorrect): Refers to the Glass Ceiling, an unseen limit on women’s upward mobility.
• Option c (Incorrect): Glass Cliff does not involve mass layoffs from aggressive hiring.
• Option d (Incorrect): The Glass Escalator describes men rising quickly in female-dominated professions, not the Glass Cliff scenario.IncorrectAns) a
Exp) Option a is the correct answer.
The “Glass Cliff” refers to situations where women are promoted to leadership roles during times of crisis or recession, increasing their likelihood of facing failure. Companies use this as a strategy to:
• Appear progressive by promoting women.
• Assign blame to women leaders if recovery efforts fail.
• Reappoint men to positions without backlash if the woman fails.
Other options:
• Option b (Incorrect): Refers to the Glass Ceiling, an unseen limit on women’s upward mobility.
• Option c (Incorrect): Glass Cliff does not involve mass layoffs from aggressive hiring.
• Option d (Incorrect): The Glass Escalator describes men rising quickly in female-dominated professions, not the Glass Cliff scenario. - Question 4 of 5
4. Question
With reference to the Economic Survey 2022-23, consider the following statements:
1. Capital expenditure by the Central Government has almost doubled in the last five years.
2. Revenue expenditure by the Central Government has seen a consistent growth in the last five years.
3. GST collection has increased by more than 5 times in the past five years.
How many of the above statements are correct?CorrectAns) b
Exp) Option b is the correct answer.
• Statement 1 is correct:
Capital expenditure (Capex) nearly doubled from ₹1.9 lakh crore (FY19) to ₹4.5 lakh crore (FY23), addressing infrastructure gaps and encouraging private investments.
• Statement 2 is correct:
Revenue expenditure has shown consistent growth over the past five years, albeit at a balanced pace compared to capital spending.
• Statement 3 is incorrect:
GST collections have increased steadily but not by five times in the last five years.IncorrectAns) b
Exp) Option b is the correct answer.
• Statement 1 is correct:
Capital expenditure (Capex) nearly doubled from ₹1.9 lakh crore (FY19) to ₹4.5 lakh crore (FY23), addressing infrastructure gaps and encouraging private investments.
• Statement 2 is correct:
Revenue expenditure has shown consistent growth over the past five years, albeit at a balanced pace compared to capital spending.
• Statement 3 is incorrect:
GST collections have increased steadily but not by five times in the last five years. - Question 5 of 5
5. Question
In the context of microeconomics, the Rahn Curve establishes the relationship between which of the following?
CorrectAns) a
Exp) Option a is the correct answer.
The Rahn Curve illustrates the relationship between economic growth and government spending as a percentage of GDP. It suggests that:
• There is an optimal level of government spending that maximizes economic growth.
• Both under-spending and over-spending by the government can negatively affect economic growth.IncorrectAns) a
Exp) Option a is the correct answer.
The Rahn Curve illustrates the relationship between economic growth and government spending as a percentage of GDP. It suggests that:
• There is an optimal level of government spending that maximizes economic growth.
• Both under-spending and over-spending by the government can negatively affect economic growth.
