Tag: economics of development

Questions Related to economics of development

Due to which report did the concept of sustainable development gain importance?

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

  1. World Environmental Report, 1995

  2. World Commission of Envrionment and Development Report, 1987

  3. World Environmental Concern Association Report, 1976

  4. None of the above

Show answer
Correct Option: B
Explanation:
Sustainable development basically refers to the development in a strategic way where the needs of the present generation are met without compromising the ability of future generations to meet their own need. The concept of sustainable development gained high importance in the world commission of environment and development report of 1987 in Rio De Janeiro.  

______________ refers to meeting the needs of the present generation without compromising the needs of future generations.

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

  1. Sustainable growth

  2. Efficient growth

  3. Sustainable development

  4. Welfare

Show answer
Correct Option: C
Explanation:

Sustainable development basically refers the development in a strategic way where the needs of the present generation are met withot compromising the ability of the future generations to meet their own needs. 

What is the India's GDP growth forecast for $2018$, as per latest Moody's Investors Service report "Global Macro Outlook: $2018-19$"?

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

  1. $7.5\%$

  2. $7.3\%$

  3. $7.4\%$

  4. $7.2\%$

Show answer
Correct Option: B
Explanation:

The latest report of Moodys Investors Service has cut Indias GDP growth forecast to $7.3\%$ in 2018 from the previous estimate of $7.5\%$ due to higher oil prices and tighter financial conditions. However, Moodys maintained its 2019 growth forecast at $7.5\%$. 

The report Global Macro Outlook: 2018-19 stated that the Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration. The private investment cycle will continue to make a gradual recovery, as twin balance-sheet issues impaired assets at banks and corporates slowly get addressed through deleveraging and the application of the Insolvency and Bankruptcy Code.

Sustainable development looks at the issue of _____________ in a broader perspective.

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

  1. economic welfare

  2. economic development

  3. social welfare

  4. social growth

Show answer
Correct Option: B
Explanation:

Sustainable development basically refers to the development in a strategic way where the needs of the present generation are met with compromising the ability of the future generations to meet their own need. It basically aims at the issue of economic development with a broader perspective. 

Per Capita consumption shows the standard of living.

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

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The increase in consumption of goods and services by the people is measured in PCC. Example clothing, food, education, health etc. An increase in PCC shows  better standard of living,better quality of life of people and higher economic development of the country.

______________ involves equality of potentiality of development between the present and the future generations.

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

  1. Economic growth

  2. Social development

  3. Sustainable development

  4. Cultural changes

Show answer
Correct Option: C
Explanation:

Sustainable development basically refers the development in a strategic way where the needs of the present generation are met without compromising the ability of the future generations to meet their own need. 

Industrialised countries have been rapidly causing depletion of the stock of natural resources.

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

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

True

Industrialization refers to the process of using natural resources for the development of the economy. But in industrialized countries the resources are exploited in a very large quantity that leads to the depletion of these stock of natural resources. 

Identify the strategies for sustainable development.

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

  1. Equitable use of resources

  2. Conservation of biological diversity

  3. Development of organic farming

  4. All of the above

Show answer
Correct Option: D

Sustainable development is useful for improving the ___________ of the present generations by ensuring sufficient availability of resources and clean environment.

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

  1. income level

  2. working conditions

  3. quality of life

  4. none of the above

Show answer
Correct Option: C
Explanation:

Sustainable development basically refers the development in a strategic way where the needs of the present generation are met without compromising the ability of the future generations to meet their own need. Therefore, sustainable development aims at sustaining the present level of resources and providing the present generation with good quality life.

Article 48A was added to the Directive Principles of State Policy so as to put the responsibility on the __________ to protect and improve the environment.

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

  1. public

  2. government

  3. private enterprises

  4. NGOs

Show answer
Correct Option: B
Explanation:

According to the article 48A in the directive principles of state policy, the government is made responsible to protect and improve the environment to establish a better standard of life for us.