Prelims Power Play 28 September 2023

1. If the economy is growing but is failing to create any new job, this would mean employment elasticity of the economy is

2. Consider the following statements about the employment elasticity:

1. Employment elasticity measures percentage change in employment due to 1 percent change in the wages.
2. Employment elasticity falls due to large-scale substitution of labour with capital.

Which of the above statement/s is/are correct? Select the correct answer using the code given below:

3. The WHO dubbed the potential next pandemic as

4. Consider the following statements

1. Climate change heightens the global risk of infectious diseases.
2. India at present doesn’t have any dedicated program to

Which of the above statements is/are correct?

5. Consider the following

1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency (MIGA)
5. International Centre for Settlement of Investment Disputes (ICSID)

How many of the above constitute the world Bank Group? Select the correct answer: