Tag: economics

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Questions Related to economics

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

  1. Inflation

  2. Sensex

  3. Human Development Index

  4. SLR
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Human Development Index (HDI) provides an overall index of economic development. It assists one in knowing about the country’s progress.  HDI uses the logarithm of income to serve the purpose. HDI is developed to measure life expectancy, level of literacy, education and standard of living of people in a country.

Thus, the correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following is one of the indicators of Human Development Index (HDI)?

  1. Life expectancy at birth

  2. Total cost of the agricultural land with a family

  3. Total area of the agricultural land with a family

  4. Availability of perennial source of water for irrigation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Human Development Index is an index which depicts the overall development of the economy. It helps one in knowing about the country’s progress. HDI uses various indicators to know human development.  These include life expectancy at birth, education and per-capita income.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

Fill in the blanks from the alternatives given.
The annual growth rate of population in India is ______ per annum.

  1. 2.2%

  2. 4.2%

  3. 3.2%

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Population Growth refers to the increase in the number of individuals within a population. The annual growth in population occurs because of medical advances, lower mortality rates. Moreover, an increase in agricultural productivity leads to population increase. The annual growth rate of population in India is 2.2% per annum.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development
HDI of India mentioned in HDR 2010 is ___________.

  1. 0.956.

  2. 0.406.

  3. 0.647.

  4. none of these.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Human Development Index (HDI) takes into account various key dimensions in order to reflect the country’s level of development. It uses life expectancy at birth and others to assess the health dimension. Moreover, HDI uses the logarithm of income to achieve its purpose. The updated indices of HDI are reflected in Human Development Report. HDI of India mentioned in HDR 2010 is 0.647.

The correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

Fill in the blanks from the alternatives given.
According to 2011 census, India's population is _____ crores. 

  1. 102.7

  2. 121.08

  3. 99.7

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As per the census reports of Indian Census 2011, the population of India was 1,210,854,977. It constituted of 623, 724, males. Moreover, females were 586,469, 174 in number. Furthermore, the density of population was 382 persons/sq.km.

Thus, the correct answer is B.

Multiple choice economics dynamic of human development development indices various development indexes social development

Fill in the blanks from the alternatives given.
The difference between birth rate and death rate is called _______.

  1. survival rate

  2. mortality rate

  3. fertility rate

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

There will be a growth in population, when the birth rate is higher than death rate. Also, the difference between birth rate and the death rate is called natural growth rate of population. Also, it can be called as the survival rate of population.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development

Fill in the blanks from the alternatives given.
The number of persons living per square km is _________ of the population. 

  1. growth

  2. density

  3. urban

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In reference to humans, the term population density refers to the number of people per unit of area. It is usually quoted per square kilometre or square mile. However, it may include or exclude areas of water or glaciers. Commonly this might be used in the calculation for a county, city, country, another territory or the entire world.

Thus, the correct answer is B.

Multiple choice economics dynamic of human development development indices various development indexes social development

India's HDI rank in 2010 was _________.

  1. 127

  2. 120

  3. 119

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Human Development Index (HDI) takes into consideration various key dimensions with the purpose to reflect the country’s level of development. It takes into account life expectancy at birth and other useful factors to assess the health dimension. Moreover, HDI uses the logarithm of income to serve its purpose. India’s HDI rank in 2010 was 119.

Thus, the correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

Human development does not increase the productivity of labour.

  1. True

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

There are many characteristics of human development. Humans are viewed as developed when they have a good education, health, good employment opportunities, decrease in unemployment rates and gender equality etc. The educated population uses modern methods to increase the productivity of labour. Thus, human development increases the productivity of labour.

Thus, the correct answer is B.

Multiple choice economics dynamic of human development development indices various development indexes social development

State whether the following statement is True or False
Human development Index has no faults.

  1. True

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

Human development index is designed to assess a country’s level of development. However, there are three major flaws viewed in the Human Development Index. Firstly, HDI assigns weights to some factors which are equal trade-offs. However, these measurements might not always be equally valuable. 

Moreover, it tends to correlate factors which are more common in developed economies. Also, it fails to take into account factors like inequality, poverty and gender disparity. 

Thus, the correct answer is B.