Tag: economics of development

Questions Related to economics of development

As per international poverty data, population below poverty line in India was at _______ in comparison to 11.2% in China in 2011-12.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 35%

  2. 21.7%

  3. 31.4%

  4. 18.5%

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Correct Option: C

The rate of domestic savings in China rose from 32% in 1979 to ______ in 2014.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 36%

  2. 39%

  3. 45%

  4. 49%

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Correct Option: D

India took _______ years to double its GDP prior to economic reforms, while GDP doubled in _______ years after economic reforms.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12, 7

  2. 15, 8

  3. 16, 12

  4. 22, 10

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Correct Option: C

China doubled its GDP in ______ years starting 1978.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12

  2. 9

  3. 17

  4. 20

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Correct Option: B

Incidence of poverty fell to _____ in 2013 from 31% in 1990 in China.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12%

  2. 8%

  3. 25%

  4. 18%

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Correct Option: B
Explanation:

Poverty refers mainly to the rural poor, as decades of financial expansion have mainly eradicated urban poverty. The remarkable progress in falling poverty over the past three decades in China is well known. 

According to the Bank, more than 850 million Chinese people have been raised out of great poverty China's poverty rate clear-cut from 88 per cent in 1981 to 0.7 per cent. 

In 2015, as calculated by the fraction of people living on the correspondent of US$1.90 or less per day in 2011 purchasing price parity terms. 

China scarcity rate for 2013 was 36.30%, a 8% decline from 2012. 

The correct answer is B.

Higher HDI ranking of China as compared to India can be majorly accredited to _____________.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. higher GDP per capita

  2. higher literacy rates

  3. lower population

  4. higher life expectancy

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Correct Option: A
Explanation:

Gross domestic product is a strong indicator of a country economic performance and strength. It is measured by the added value of all final goods and service produced in a country economic performance and strength. 

Also, it is measured by the added value of all final goods and services produced in a country during a specific time period. Gross domestic product per capita is from time to time used to explain the standard of living of a population with an advanced GDP importance a higher standard of living.

The correct answer is A.

Which of the following is not an indicator of economically underdeveloped countries?

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. Low per capita income

  2. High death-rate

  3. Low proportion of labour force in the primary sector

  4. High level of illiteracy

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Correct Option: C
Explanation:


Under-Developed Countries are the economies that depend on the primary sector. It has a involvement with the extraction of raw materials. It consist of mining, fishing, farming, etc. It largely depend on the use of outdated technology, due to the lack of capital resources, these countries can't afford the use of modern technology. As a result, productivity suffers and rate of economic growth continues to be low. Unemployment in the rural sector is a main feature of such economies.

Which of these can be an indicator of economic growth for a country?

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. Balance of payment position.

  2. Increase in government spending on defence

  3. Increase in labour productivity.

  4. Demographic changes.

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Correct Option: A
Explanation:

Balance of payment is the statement of exchange of commodities, services and capital between the domestic country and the overall world during a given period of time. So if an economy has positive balance of payment position that means the country is developing its productivity. Therefore, it acts as an indicator of economic growth and development of a country. 

China ranked ____, while India ranked ___ out of 187 countries in HDI for the year 2014.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 75, 140

  2. 89, 126

  3. 91, 135

  4. 100, 135

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Correct Option: C
Explanation:

China ranked 91 while India ranked 135 out of 187 countries in HDI for the year 2014. India HDI price for 2014 is 0.609 which put the nation in the average individual growth group, position it at 130 out of 188 country and territory. 

The HDI is a synopsis extent of essential accomplishment level in human development. The health HDI is measured by the life expectancy as calculated at the time of birth in each country. 

China has become a country with a high level of human development making it the only country since 1990 to emerge from a low development level.

The correct answer is C.

If the total income of the country is divided by the total population, then the obtained total average income of an individual is known as _______.

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

  1. Annual income

  2. Per capita income

  3. Daily income

  4. Family income

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Correct Option: B
Explanation:

Per capita income is a measure of the amount of money earned per person in a certain area. It helps us address issues like the quality of life and the living conditions we can expect for specific areas.It can be calculated for a country by dividing the country's national income by its population.