Tag: economics of development

Questions Related to economics of development

Economic development is sustainable only when the stock of ____________ remains constant or rises over time.

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

  1. capital assets

  2. human resources

  3. both A & B

  4. neither A nor B

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Correct Option: A
Explanation:

Economic development aims in sustainable development when there is an abundance of capital assets in present as well as future generations. Therefore, capital assets must rise over time for sustainable development. 

Which of the following is correct with regards to the concept of sustainable development?

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

  1. It involves sharing of development opportunities between generations.

  2. It involves sharing of development opportunities between all social classes.

  3. It involves sharing of development opportunities between rural and urban areas.

  4. All of the above.

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Correct Option: A
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 needs. 

What has been established in the field of climate finance?

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

  1. Greenhouse control fund

  2. Climate change fund

  3. Green climate fund

  4. None of the above

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Correct Option: C

Sustainable development doesn't refer to sustaining which of the following?

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

  1. Present level of standard of living

  2. Present level of production

  3. Present level of technology

  4. Present level of poverty

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Correct Option: D
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. Therefore, sustainable development aims at sustaining the present level of resources and providing the present generation with a good quality life. So it does not refer to sustaining the present level of poverty.

__________ is one of the few developing countries where forest cover has increased over the last 20 years.

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

  1. Africa

  2. India

  3. Brazil

  4. China

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Correct Option: B
Explanation:

India is regarded as one of the most diversified countries in terms of flora and fauna. In most of the developing countries, India is regarded as one where the forest cover has been increased in the past 20 years. 

Sustainable development improves quality of life of the present generations. Quality of life, in this case, is dependent on which of the following?

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

  1. Safe drinking water

  2. Hygienic environment

  3. Clean air

  4. All of the above

Show answer
Correct Option: D
Explanation:

Sustainable development basically refers to the development in a strategic way where the needs of the present generation were met with 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 a good quality life. Here the good quality of life refers to good standard living with all necessary and basic needs like safe drinking water, Hygienic environment, Clean air, etc.

The use ___________ instead of petrol, as fuel for vehicles, can significantly lower air pollution.

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

  1. LPG

  2. CNG

  3. diesel

  4. none of the above

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Correct Option: B
Explanation:

CNG is a substitute of petrol which is an eco-friendly mode of fuel due to which air pollution can be lowered in few years. 

Identify the strategies for sustainable development from the following.

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

  1. Use of eco-friendly technologies

  2. Setting air-quality and emission standards

  3. Environment protection

  4. All of the above

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Correct Option: D

Developed countries focused on economic development because they realised it to be a tool to avoid ____________.

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

  1. high economic growth

  2. sustainable growth

  3. cyclical fluctuations

  4. none of the above

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Correct Option: C
Explanation:

Economic development refers to the development and growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years. 

The developed economies deals with other under developed economies. Therefore, these developed countries demand development of all the poor countries so that these countries can achieve a higher prosperity. Moreover, these developed countries have understood that poverty anywhere in the world is a thread to prosperity everywhere.

 Therefore, the developed economies mainly focus on economic development to avoid cyclic fluctuation of their economy.

Economic development has become the central theme of economic thought in recent years.

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:

Economic development refers to the development and growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years.