Tag: economics of development

Questions Related to economics of development

Per capita income fails to measure development in various aspects such as the ___________ dimensions of the country.

geography economic growth and development development and growth need for sustainable development economics of development

  1. social

  2. human

  3. institutional

  4. all of the above

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Correct Option: D

Economic development is not fully measurable because it is measured based on both quantitative as well as qualitative variables.

geography economic growth and development development and growth need for sustainable development economics of development

  1. True

  2. False

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Correct Option: A
Explanation:

True. 

Economic development refers to the economic growth of the economy in both quantitative as well as qualitative terms which includes all aspects and has become a main and central theme of economic thought throughout the years. It includes reduction in poverty, income inequality as well as unemployment.  

_____________ is the measure of output per head of population.

geography economic growth and development development and growth need for sustainable development economics of development

  1. Head-count ratio

  2. Per capita income (PCI)

  3. GNP

  4. Human development index (HDI)

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Correct Option: B

Real per capita income is a partial index of economic development and economic welfare.

geography economic growth and development development and growth need for sustainable development economics of development

  1. True

  2. False

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Correct Option: A

India's per capita Income is _______.

geography economic growth and development development and growth need for sustainable development economics of development

  1. 220 dollars

  2. 1670 dollars

  3. 2930 dollars

  4. 600 dollars

Show answer
Correct Option: B
Explanation:

Per capita income is an important criterion used to measure the development of countries. It is also known as average income. It is calculated to know what an average purpose is likely to earn. 

On the basis of per capita income, the countries are classified as rich and low-income countries. This is calculated in dollars for all countries so that the comparison can be made. 

In this context, India’s per capita income is 1670 dollars.

Thus, the correct answer is B.

The main problem of Indian economy is ________.

geography economic growth and development development and growth need for sustainable development economics of development

  1. population growth

  2. rampant corruption

  3. acute shortage of water

  4. inflation

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Correct Option: A

Drought prone Area Programe was launched in ________.

geography economic growth and development development and growth need for sustainable development economics of development

  1. $1970-71$

  2. $1973-74$

  3. $1980-81$

  4. $1991-92$

Show answer
Correct Option: B
Explanation:

Drought prone Area Program was launched in 1973-74. This program is launched by the Central Government of India. This program is launched with the objective of tackling hardships faced by the people living in drought-prone areas.

Name the Indian body/company that signed an agreement with China Tea Marketing Association to work jointly towards sustainable development of the tea sector_______.

geography economic growth and development development and growth need for sustainable development economics of development

  1. Godrej Tea

  2. Gujarat Tea Processors & Packers Ltd

  3. Tata Tea Limited

  4. United Planters' Association of Southern India

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Correct Option: D
Explanation:

United Planters' Association of Southern India is an Indian body/company that signed an agreement with China Tea Marketing Association to work jointly towards sustainable development of the tea sector. This organization is the apex body of planters in South India.The Association’s operations cover economic research, market intelligence, industrial relations, liaison, public relations, scientific research and publication.

Which of these is an indicator of economic growth?

geography economic growth and development development and growth need for sustainable development economics of development

  1. Sensex

  2. Hardening of currency

  3. GDP growth

  4. Population growth

Show answer
Correct Option: C
Explanation:

GDP growth is an indicator of economic growth. GDP growth can be defined as the net increase in the market value of all goods and services produced in an economy. GDP growth helps to analyze the economic growth and economic development of a nation.

Per Capita income is obtained by dividing National Income by _________________.

geography economic growth and development development and growth need for sustainable development economics of development

  1. Total population of the country

  2. Total working population

  3. Area of the country

  4. Volume of the capital used

Show answer
Correct Option: A
Explanation:

Per capita income is obtained by dividing national income by total population of the country per capita income by total population of the country. Per capita income, also known as income per person, is the mean income of the people in a country. 

It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.