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Indian EconomyEasy

How many days of wage employment in a financial year does MGNREGA guarantee to a rural household?

  1. A.50 days
  2. B.100 days
  3. C.150 days
  4. D.200 days

Correct answer

B. 100 days

Explanation

The correct answer is B, 100 days. The Mahatma Gandhi National Rural Employment Guarantee Act, passed in 2005, guarantees one hundred days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

Options A, C and D are plausible round numbers with no basis in the Act. Two further details are asked as often as the number itself. First, the unit of the guarantee is the household, not the individual, so the hundred days are shared among the adults of one family. Second, if work is not provided within fifteen days of the demand, an unemployment allowance becomes payable by the state government. It is these enforceable claims that make the law a rights based measure rather than a welfare programme that the government may or may not run.

Read the full article: Sectors of the Indian Economy: Primary to Tertiary

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Q5.Indian EconomyEasy

Banking and insurance are activities of which sector?

  1. A.Primary sector
  2. B.Secondary sector
  3. C.Tertiary sector
  4. D.Unorganised sector
Show answer
Correct answer: C. Tertiary sector

Banking and insurance create no physical product; they support production and trade by providing credit, moving money and covering risk, and such support activities are the core of the tertiary or service sector.