Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Economic development in China can be attributed to open-door policy with regard to FDI inflow.

  1. True

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

The open-door policy, which encouraged Foreign Direct Investment (FDI), was a fundamental driver of China's industrialization and economic modernization.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The share of industrial sector in GDP of China rose from 14% in 1979 to ______ in 2014.

  1. 26%

  2. 43%

  3. 32%

  4. 19%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

China's industrial sector grew significantly as a share of GDP, reaching approximately 43% by 2014, reflecting its transition into a global manufacturing hub.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The 'Great Leap Forward' campaign was launched in China focusing on widespread _____________ in the economy.

  1. agriculture

  2. industrialisation

  3. both 'a' and 'b'

  4. neither 'a', nor 'b'
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Great Leap Forward was a campaign aimed at rapidly transforming China from an agrarian economy into a modern industrial society through mass mobilization.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China achieved an average annual growth rate of __________ during the pre-reform period.

  1. 3.2%

  2. 6.9%

  3. 5.3%

  4. 7.2%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

During the pre-reform period (1952-1978), China's economy grew at a more moderate pace, with an average annual growth rate of about 5.3%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

As per international poverty data, population below poverty line in India was at _______ in comparison to 11.2% in China in 2011-12.

  1. 35%

  2. 21.7%

  3. 31.4%

  4. 18.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In 2011-12, international poverty statistics showed that India had a significantly higher percentage of its population below the poverty line compared to China.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The rate of domestic savings in China rose from 32% in 1979 to ______ in 2014.

  1. 36%

  2. 39%

  3. 45%

  4. 49%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

China's domestic savings rate increased dramatically as the economy grew, reaching nearly 49% by 2014, which fueled high levels of investment.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

India took _______ years to double its GDP prior to economic reforms, while GDP doubled in _______ years after economic reforms.

  1. 12, 7

  2. 15, 8

  3. 16, 12

  4. 22, 10
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Economic reforms in India accelerated growth, reducing the time required to double GDP from 16 years to 12 years.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Incidence of poverty fell to _____ in 2013 from 31% in 1990 in China.

  1. 12%

  2. 8%

  3. 25%

  4. 18%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Poverty refers mainly to the rural poor, as decades of financial expansion have mainly eradicated urban poverty. The remarkable progress in falling poverty over the past three decades in China is well known. 

According to the Bank, more than 850 million Chinese people have been raised out of great poverty China's poverty rate clear-cut from 88 per cent in 1981 to 0.7 per cent. 

In 2015, as calculated by the fraction of people living on the correspondent of US$1.90 or less per day in 2011 purchasing price parity terms. 

China scarcity rate for 2013 was 36.30%, a 8% decline from 2012. 

The correct answer is B.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Higher HDI ranking of China as compared to India can be majorly accredited to _____________.

  1. higher GDP per capita

  2. higher literacy rates

  3. lower population

  4. higher life expectancy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Gross domestic product is a strong indicator of a country economic performance and strength. It is measured by the added value of all final goods and service produced in a country economic performance and strength. 

Also, it is measured by the added value of all final goods and services produced in a country during a specific time period. Gross domestic product per capita is from time to time used to explain the standard of living of a population with an advanced GDP importance a higher standard of living.

The correct answer is A.