Tag: programmes for poverty eradication

Questions Related to programmes for poverty eradication

To whom the yellow card is issued?

  1. To shopkeepers

  2. To landlords

  3. To government employees

  4. People below poverty line


Correct Option: D
Explanation:

Under Targeted Public Distribution System the following criteria are applied:-

  1. Families having annual income up to Rs. 15,000 having been included in IRDP List of 1997-98.
  2. None of the members of the family should be a doctor or a lawyer or an architect or a chartered accountant.
  3. None of the members of the family should be a professional taxpayer, a sales taxpayer or an income taxpayer or eligible to pay such tax.
  4. The family should not posses residential telephone.
  5. The family should not possess four wheeler vehicle.
  6. None of the family members should hold total two-hectare rainfed or one hectare semi-irrigated or 1/2 hectare irrigated (double in drought-prone talukas) land.

Which are the special target groups in Antyodaya Anna Yojana?

  1. Poorest of the poor

  2. Poor and Non-poor

  3. Backward class

  4. None of these


Correct Option: A
Explanation:

Poor and Poorest of the Poor people, i.e. BPL families whose total annual household income is below Rs. 25,985, based on an average household size of 5.3. Family Identity Cards (Ration Cards) have been issued to all the head of families with details of members of the family listed on the card in this category.

Which of the following can be regarded as the laws of economics?

  1. There is a direct proportionate change in the price level with a change in the supply of money.

  2. Prices are determined by total demand and total supply in the market

  3. After a point the marginal increase in output shows a falling tendency with every increase in one or more of the factors of production.

  4. All of the above


Correct Option: D
Explanation:

Economics laws are based on various assumptions which are necessary to follow while applying the law is as well as these laws can be applied only is some specific situation with given set of conditions. Moreover,  these economic laws are not rigid statements but their application depends upon the tendency of their implementation. Therefore, all of the above can be regarded as economic laws. 

Select the incorrect statement related to the estimation of poverty in India, using the code given below:
1. The poverty line in India is income based.
2. The poverty line was originally fixed in terms of income/food requirements in 1978.
3. Food requirement was based on calorie standard for individuals in rural and urban areas in 1980-the cost of procuring the foodgrains equivalent calorie was fixed as the poverty line.

  1. 1 and 2

  2. 2 and 3

  3. 1 and 3

  4. 1,2 and 3


Correct Option: A
Explanation:

Calorie intake was made the basic for determining poverty in 1978 itself. It was stipulated that the calorie standard for a typical individual in rural areas were 2400 calories and was 2100 calories in urban areas. Two committees under the chairmanships of Prof. Suresh D. Tendulkar and Dr. N.C. Saxena have submitted their reports on methodology for estimation of poverty and methodology for conducting BPL census in rural areas, respectively. Presently, NITI Aayog is working on a new methodology.

______________ has worked and contributed to the fields of welfare economics, poverty, inequality and conducted an outstanding research on famines and its policy implications.

  1. A.K. Bagchi

  2. Manmohan Singh

  3. Amartya Sen

  4. Prof. D.T. Lakdawala


Correct Option: C
Explanation:

Amartya Sen was an Indian economist who contributed to welfare economics and social choice theory and also established interest in the problems of society's poorest members as she conducted lots of research on famines and how such problems can be solved through various policy and implications. 

This economist termed continuous exploitation of economic resources as "Economic drain".

  1. Kautilya

  2. Amartya Sen

  3. Dadabhai Naroji

  4. D.R. Gadgil


Correct Option: C
Explanation:

1:Dadabhai called British economic exploitation as Economic drain in his book "Poverty and Un-British rule in India".
2:
The transfer of resources and wealth from India to England without providing 'any equivalent return' which began in the second half of the eighteenth century had been christened by Indian 'non-practicing' economists like Dadabhai Naoroji, M. G. Ranade, R. C. Dutt as the “economic drain”.

___________ is known as Mother Teresa of Economics.

  1. Adam Smith

  2. FA Walker

  3. JM Keynes

  4. Amritya Sen


Correct Option: D
Explanation:

Amartya Sen is considered to be the Mother Teresa of Economics. He won the Nobel Prize for welfare economics. Just like Mother Teresa, Sen was also inclined towards being thoughtful for people. His work shows his concern for humans and their dignity. 

Dr. Amartya Sen, an Indian Economist, won the Noble Prize for economics in $1998$ for ___________.

  1. welfare economics and social choice theory

  2. wealth concept of economics

  3. scarcity definition of economics

  4. political thoughts on economics


Correct Option: A
Explanation:

Dr. Amartya Sen, an Indian Economist, won the Noble Prize for economics in 1998 for welfare economics and social choice theory. He had an interest in the lives of the poorest section of the society. He worked on human rights, poverty and inequality and tried to improve the well-being of the community.

Modern economist define economics as __________.

  1. science of growth and efficiency

  2. art of understanding consumer behaviour

  3. art of taking ration decisions

  4. science of rational behvaiour


Correct Option: A
Explanation:

Modern economists define economics as the science of growth and efficiency as in the contemporary world economics focuses the rate of growth and how much the scarce resources are efficiently  used,that is, without wastage in order to derive the maximum utility.

Arrange the following in proper from: Stages as Economics developed as a subject:-
I.Material Welfare Definition
II.Wealth Definition
III.Development and Growth Definition
IV.Scarcity and Choice Definition
Select the correct answer from the options given below -

  1. II, I, IV, III

  2. I, II, III, IV

  3. IV, III, II, I

  4. II, III, I, IV


Correct Option: A
Explanation:

  • Adam Smith was a Scottish economist who described economics as a science which deals with the creation of wealth where wealth generation focused on the personal gains of the individual which was more of capitalist economy.
  • Alfred Marshall was a British economist who proposed the definition of welfare according to which material welfare focused on the materialistic gains in the economy.
  • Paul A Samuelson was an American economists who proposed many theories on income and its even distribution and how these two factors leads to growth and development of the nation. Development and growth is the modern macroeconomics which focuses on personal gain with social welfare.
  • Lionel Robbins was a British economist who proposed a very scientific definition on  economics where he described the importance of effective relationship between scarcity and choice is the modern microeconomics which focuses on unlimited wants and scarcity of resources.