Practice Question and Answer
8 Q: What has been done by changing the name of Udhampur railway station in Jammu and Kashmir?
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650af1f856a7b2508c9cbfc7- 1Shaheed Bhagat Singh Railway Stationfalse
- 2General Bipin Rawat Railway Stationfalse
- 3Shaheed Captain Tushar Mahajan Railway Stationtrue
- 4Shaheed Ashfaqullah Khan Railway Stationfalse
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Answer : 3. "Shaheed Captain Tushar Mahajan Railway Station"
Explanation :
1. Udhampur Railway Station renamed Shaheed Captain Tushar Mahajan Railway Station.
2. Northern Railway has issued a notification to change the name of 'Martyr Captain Tushar Mahajan Railway Station' in honour of the brave army man.
3. Captain Tushar Mahajan was born on May 25, 1987 in Udhampur, Jammu and Kashmir.
Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
319 06511562110a18f5082fb17d4
6511562110a18f5082fb17d4- 1Consumption of fined capitalfalse
- 2Final consumption Expenditurefalse
- 3Intermediate Consumptiontrue
- 4Fined Capitalfalse
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Answer : 3. "Intermediate Consumption"
Explanation :
The Advertisement and public relations of selling expenses are part of intermediate consumption.
Q: The worship of Mothergoddess was related to –
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6528f5e75db74b27f7d876f5- 1With the Aryan Civilizationfalse
- 2With the Mediterranean Civilizationfalse
- 3With the Indus Valley Civilizationtrue
- 4With the Vedic Civilizationfalse
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Answer : 3. "With the Indus Valley Civilization "
Explanation :
The Worship of Mothergoddess was the specific characteristic of Indus Valley Civilization. Archocology evidences prove this fact.
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Answer : 4. "fight to woo the females"
Q: If a country produces consumer goods only and nothing else, then-
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6511572f10a18f5082fb1afd- 1Standard of living will be highestfalse
- 2The country have certain amount of goodfalse
- 3The country will soon become poor if external trade will not happentrue
- 4The country will gradually become rich if external trade will not happenfalse
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Answer : 3. "The country will soon become poor if external trade will not happen"
Explanation :
If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.
Q: Forced saving refers to-
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6511558410a18f5082fb144e- 1Compulsory deposits imposed on income tax payersfalse
- 2Provident fund contribution of private sector employeesfalse
- 3Reduction of consumption consequent to a rise in pricetrue
- 4Taxes on individual income and wealthfalse
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Answer : 3. "Reduction of consumption consequent to a rise in price"
Explanation :
According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.
Q: The Census of Indian agriculture is done by–
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65115a30af64a2609c5e08a4- 1Production Methodtrue
- 2Income Methodfalse
- 3Expenditure Methodfalse
- 4Consumption Methodfalse
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Answer : 1. "Production Method "
Explanation :
Under the consideration of India economy, census of agriculture, is done by production method.
Q:Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
If you’re concerned that automation and artificial intelligence are going to disrupt the economy over the next decade, join the club. But while policymakers and academics agree there’ll be significant disruption, they differ about its impact.
On one hand, techno-pessimists argue that new forms of automation will displace most jobs without creating new ones. In other words, most of us will lose our jobs. On the flip side of the debate, techno-optimists contend that continued investments in education and research and development will offset the job losses and generate many new human tasks that complement AI.
Researchers have been studying jobs that involve digital skills for years to try to understand their merit. But what does it really mean for a job or skill to be “digital”?
In earlier research, all it meant was that a worker used a computer. Since nearly all workers use a PC today, we need a more refined definition of digital skills that takes into account how much a job depends on doing things like programming, crunching data in Excel spreadsheets and even using a smartphone.
In a particular research, a new way was created to measure digital or information technology skills in the labour market based on how frequently they’re used in an occupation. For example, how much time does a financial adviser spend analyzing data or an event planner use a computer?
It was found that workers in occupations that rank higher in IT industry earn more than demographically similar peers in other occupations – and that this earnings gap has been growing. Not only that, but it was also found something interesting on the impact of a college degree on the lifetime earnings of a person in IT industry. Historically, workers with a college degree have earned a lot more than peers without one. Even the level of the college makes a difference. Recent research has shown that this so-called college premium has been flattening. The main cause, according to the analysis, is that the college premium for occupations requiring fewer digital skills has been declining, while it has been rising for those we identified as digital jobs such as software developers, programmers and aerospace engineering. At least some of the flattening in the college premium is due to the increasing number of bachelor’s degrees that convey few skills that are valued in the marketplace.
Another research compares the measures of job quality – such as a sense of purpose, enjoyability and career advancement – with income, occupations and a range of demographic characteristics. It found that jobs that require greater interaction with technology tended to score higher in quality, particularly in terms of measures like career advancement.
The fact that these jobs not only pay more but also provide greater levels of employee satisfaction and engagement paints a more optimistic picture about the future of work. And that gives hope, particularly since the digital economy is growing at a pace nearly four times faster than the broader economy.
The key is making tomorrow’s jobs “robot-proof” by designing them in a way that takes advantage of the digital skills described above. And universities must play a big role in this by identifying what a good job looks like and ensuring future generations learn the necessary skills.
According to the passage, why are some people concerned with the ongoing transformation of the economy brought by the use of automation and AI?
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64d9d0fd9b618cf631e208df- 1In the labour market, opportunities for acquiring skills for handling automated machines are scant.false
- 2More automation will mean lesser requirement of manual labour and thus will result in loss of jobs.true
- 3People do not find it enjoyable to expand their knowledge base and avoid embracing new technology.false
- 4It is not possible for automated machines to do all the jobs currently being done by manual labour.false
- 5Products produced by automated machines driven by AI are cheaper and more in demand.false
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