Q. 56. The book entitled “Why Nations Fail: The Origin of Power, Prosperity and Poverty” has been written by
(A) Abhijit Banerjee
(B) Joseph Stiglitz
(C) Amartya Sen
(D) Daron Acemoglu and James A. Robinson
Answer:
(D) Daron Acemoglu and James A. Robinson
Explanation:
“Why Nations Fail” is a highly influential 2012 book by economists Daron Acemoglu and James A. Robinson, arguing that political and economic institutions are the primary drivers of national prosperity or poverty.
Q. 57. What growth rate does the Finance Ministry aim for over the next decade to realise the 2047 developed-economy goal?
(A) 8%
(B) 7%
(C) 6%
(D) 9%
Answer:
(B) 7%
Explanation:
According to economic surveys and visions mapped out by the Finance Ministry, India requires a sustained annual GDP growth rate of around 7% to elevate itself to developed-nation status by 2047.
Q. 58. As per the Economic Survey of India 2024-2025, what was the Female Labour Force Participation Rate (FLFPR)?
(A) 37.5%
(B) 41.7%
(C) 39.41%
(D) 43.43%
Answer:
(B) 41.7%
Explanation:
The Periodic Labour Force Survey (PLFS) data featured in the recent Economic Survey indicates a promising rise in the Female Labour Force Participation Rate to around 41.7%.
Q. 59. Who among the following advocated the adoption of ‘PURA’ model to eradicate rural poverty?
(A) Dr. A.P.J. Abdul Kalam
(B) Sri Abhijit Sen
(C) Moulana Abdul Kalam Azad
(D) Prof. A.M. Patha
Answer:
(A) Dr. A.P.J. Abdul Kalam
Explanation:
PURA stands for Provision of Urban Amenities in Rural Areas. It was a strategy for rural development envisioned and aggressively advocated by former President Dr. A.P.J. Abdul Kalam.
Q. 60. What simplification is proposed under “GST 2.0”?
One flat 12% rate
Two slabs: 5% and 18%, with luxury at 40%
Three slabs: 5%, 12%, 18%
Four slabs per item category
Answer:
(C) Three slabs: 5%, 12%, 18%
Explanation:
Discussions for streamlining India’s GST framework (often dubbed GST 2.0) propose reducing the multiple tax tiers into a simplified three-slab structure to reduce compliance headaches.
