Tag: economic growth and development

Quizzes (2) Questions (77)

Questions Related to economic growth and development

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

Economic growth relates to the problems faced by __________ countries.

  1. poor

  2. developed

  3. developing

  4. underdeveloped
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic growth is a term often used to describe the expansion of output in already developed countries, where the focus is on maintaining or increasing existing levels of prosperity.

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

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

  1. social

  2. human

  3. institutional

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Per capita income is a purely monetary metric. It fails to capture social, human, and institutional dimensions, such as literacy, life expectancy, and political freedom.

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

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

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
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.  

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

_____________ is the measure of output per head of population.

  1. Head-count ratio

  2. Per capita income (PCI)

  3. GNP

  4. Human development index (HDI)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Per capita income is calculated by dividing the total national income (or output) by the total population, providing a measure of average income per person.

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

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

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Real per capita income provides some information about economic capacity, but it is only a partial index because it ignores distribution, social welfare, and other non-monetary aspects of development.

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

India's per capita Income is _______.

  1. 220 dollars

  2. 1670 dollars

  3. 2930 dollars

  4. 600 dollars
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

The main problem of Indian economy is ________.

  1. population growth

  2. rampant corruption

  3. acute shortage of water

  4. inflation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

While India faces many challenges, rapid population growth is widely cited in economic literature as a primary constraint that dilutes the benefits of economic growth and strains resources.

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

Drought prone Area Programe was launched in ________.

  1. $1970-71$

  2. $1973-74$

  3. $1980-81$

  4. $1991-92$
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

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

  1. Godrej Tea

  2. Gujarat Tea Processors & Packers Ltd

  3. Tata Tea Limited

  4. United Planters' Association of Southern India
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

Which of these is an indicator of economic growth?

  1. Sensex

  2. Hardening of currency

  3. GDP growth

  4. Population growth
Reveal answer Fill a bubble to check yourself
C Correct answer
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.