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Topic 163 · Economy, Budget & Banking

Human capital as the anchor of growth

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Revise the 12 points first Book 1 RATNA

Core Trigger: The fifth National Conference of Chief Secretaries met in Delhi on 27 and 28 December 2025, before Budget 2026-27.
Conference Theme: Its theme was 'Human Capital for Viksit Bharat', covering early childhood, schooling, skilling, higher education and sport.
Current Head: Mansukh Mandaviya is Union Minister of Labour and Employment and of Youth Affairs and Sports; MoSPI runs the labour-force survey.
Key Term: The creative or orange economy, including animation, visual effects, gaming and comics (AVGC), was flagged as a growth area.
Demography: India's total fertility rate is 1.9; the Budget also flagged low female labour-force participation.
Budget Focus: Budget 2026-27 stresses skilling, ITI upgradation, education, health and care work.
Lessons Cited: The discussion drew lessons from East Asia, including South Korea, on demography and human capital.
Statistics Body: The National Statistical Office under MoSPI in New Delhi conducts the Periodic Labour Force Survey.
Founded: The Periodic Labour Force Survey was launched by the NSO in April 2017.
Landmark: Unni Krishnan (1993): the Supreme Court read a right to education up to age 14 into Article 21.
Articles: Article 21A, inserted by the 86th Amendment in 2002, makes education a fundamental right for ages 6 to 14.
Doctrine: Labour force participation rate is the share of the population working or seeking work; demographic dividend arises from a large working-age share.

Question 1 of 10

Which National Conference of Chief Secretaries met in Delhi on 27 and 28 December 2025?

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Answer: (B) Fifth

Core Trigger: The fifth National Conference of Chief Secretaries met in Delhi on 27 and 28 December 2025, before Budget 2026-27.From Book 1 RATNA, topic 163, point 1

Question 2 of 10

What was the theme of the conference?

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Answer: (D) Human Capital for Viksit Bharat

Conference Theme: Its theme was 'Human Capital for Viksit Bharat', covering early childhood, schooling, skilling, higher education and sport.From Book 1 RATNA, topic 163, point 2

Question 3 of 10

Which Union Minister holds Labour and Employment and Youth Affairs and Sports?

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Answer: (B) Mansukh Mandaviya

Current Head: Mansukh Mandaviya is Union Minister of Labour and Employment and of Youth Affairs and Sports; MoSPI runs the labour-force survey.From Book 1 RATNA, topic 163, point 3

Question 4 of 10

Which term describes the creative economy including animation, gaming and comics?

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Answer: (C) Orange economy

Key Term: The creative or orange economy, including animation, visual effects, gaming and comics (AVGC), was flagged as a growth area.From Book 1 RATNA, topic 163, point 4

Question 5 of 10

Consider: 1. India's total fertility rate is 1.9. 2. The Budget flagged high female labour-force participation. Which is/are correct?

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Answer: (A) Only 1

Demography: India's total fertility rate is 1.9; the Budget also flagged low female labour-force participation.From Book 1 RATNA, topic 163, point 5

Question 6 of 10

Which area does Budget 2026-27 stress among its human capital priorities?

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Answer: (D) ITI upgradation

Budget Focus: Budget 2026-27 stresses skilling, ITI upgradation, education, health and care work.From Book 1 RATNA, topic 163, point 6

Question 7 of 10

Which body conducts the Periodic Labour Force Survey?

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Answer: (C) National Statistical Office

Statistics Body: The National Statistical Office under MoSPI in New Delhi conducts the Periodic Labour Force Survey.From Book 1 RATNA, topic 163, point 8

Question 8 of 10

The Periodic Labour Force Survey was launched in which month and year?

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Answer: (B) April 2017

Founded: The Periodic Labour Force Survey was launched by the NSO in April 2017.From Book 1 RATNA, topic 163, point 9

Question 9 of 10

Unni Krishnan (1993) read the right to education into which Article?

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Answer: (D) Article 21

Landmark: Unni Krishnan (1993): the Supreme Court read a right to education up to age 14 into Article 21.From Book 1 RATNA, topic 163, point 10

Question 10 of 10

Consider: 1. Labour force participation rate is the share of the population working or seeking work. 2. Demographic dividend arises from a large dependent share. Which is/are correct?

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Answer: (A) Only 1

Doctrine: Labour force participation rate is the share of the population working or seeking work; demographic dividend arises from a large working-age share.From Book 1 RATNA, topic 163, point 12

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