UPSC 2021 › Indian Economy › Human Development, Poverty & Employment Schemes

2 questions · 2021 · answers as per the UPSC key

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UPSC 2021 · Q2 · Indian Economy › Human Development, Poverty & Employment Schemes · Save

With reference to casual workers employed in India, consider the following statements :

  1. All casual workers are entitled for Employees Provident Fund coverage.
  2. All casual workers are entitled for regular working hours and overtime payment.
  3. The government can by a notification specify that an establishment or industry shall pay wages only through its bank account.

Which of the above statements are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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Answer: (b) 2 and 3 only
UPSC 2021 · Q10 · Indian Economy › Human Development, Poverty & Employment Schemes · Save

Which one of the following is likely to be the most inflationary in its effects?

(a) Repayment of public debt
(b) Borrowing from the public to finance a budget deficit
(c) Borrowing from the banks to finance a budget deficit
(d) Creation of new money to finance a budget deficit
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Answer: (d) Creation of new money to finance a budget deficit