Tag: economics

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Questions Related to economics

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

Which is the fastest growing sector of Maharashtra's economy?

  1. Agricultural Sector

  2. Industrial Sector

  3. Service Secor

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Service sector consists of insurance, tourism, retail banking, education and social services. Service sector includes provision of services to business as well as final consumers. It is the largest employment generating and fastest growing sector of economy. 

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

How does the state government encouraging tribal education in Maharashtra?

  1. By introducing Ashram schools

  2. By providing government hostel facility

  3. By providing food, uniforms, educational materials and other concessions free of cost

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Government of Maharashtra has introduced residential ashram schools in tribal areas of the state. tribal students are provided accommodation, food, uniforms, educational materials and other concessions free of cost. There are 556 aides Ashram Schools in the state. Government hostel facilities is provided at division, district and taluka level to encourage tribal students to pursue higher studies.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

The core areas for development of service sector include:

  1. Fintech

  2. IT/ITES

  3. Cloud Computing

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The core areas for development of service sector include Fintech, IT/ITES, Start ups, cloud computing, electric vehicles, defence, tourism and private universities. Government has also tried to expand the service sector by various activities in Tier II cities.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What was the expenditure of Maharashtra state government on primary education during 2016-17?

  1. 10000 Crore

  2. 15000 Crore

  3. 19500 Crore

  4. 30000 Crore
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The state of Maharashtra has implemented the Right to Education (RTE) in the age group 6-14 years to provide free and compulsory education under the Sarva Shiksha Abhiyan (SSA). The expenditure of the state government on primary education was 19486 crore during 2016-17.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

When was Rashtriya Madhyamik Siksha Abhiyan (RMSA) was launched in Maharashtra?

  1. 2007

  2. 2009

  3. 2010

  4. 2011
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Rashtriya Madhyamik Siksha Abhiyan (RMSA) was launched in 2009 with the objective to improve the access as well as the quality of secondary education. During 2016-17, the state government's expenditure on secondary and higher secondary education was 16089 crore.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

Which is the first state in country to receive RUSA grant?

  1. Punjab

  2. Goa

  3. Maharshtra

  4. Uttar Pradesh
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Rashtriya Uchchatar Shiksha Abhiyaan (RUSA) is a centrally sponsored scheme launched by the Government of India in 2013. It aims at providing strategic funding to higher educational institutions throughout the country. Maharashtra is the first state in the country to receive  RUSA grant of 20 crore under Research and Innovation and Quality improvement for setting up innovation and technology transfer hubs.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What was the contribution of service sector to the Gross State Domestic Product in Maharashtra during 2017-18?

  1. 34.5 %

  2. 44.5 %

  3. 54.5 %

  4. 64.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Service Sector is the largest employment generating and fastest growing sector of the state economy. The contribution of service sector to the Gross State Domestic Product (GSDP) has been highest compared to other sectors in the economy. It was 54.5 % during 2017-18.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What is the key focus of the new Maharashtra Public Universities Act, 2016?

  1. To promote nationalism

  2. To promote Privatisation

  3. To promote academic autonomy

  4. To promote space research
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

To meet the challenge of liberalization, privatization and globalization, the state enacted the new Maharashtra Public Universities Act, 2016. Key focus of this Act is to promote academic autonomy and excellence, skill based education through democratic process in higher education.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What is the target of Road development plan (2001-2021)?

  1. To develop 1.37 lakh kms of road

  2. To develop 2.37 lakh kms of road

  3. To develop 3.37 lakh kms of road

  4. To develop 4.37 lakh kms of road
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Road development plan (2001-2021) is being implemented in the state of Maharashtra with a target to develop 3.37 lakh kms of road.