Economic Growth

Q.

What Are the Main Determinants of Economic Growth?

Q. Is there a trade-off between economic development and environmental sustainability?

Q. An increase in the production of goods and services in an economy is called .

1. economic development
2. economic growth
3. per capital income
4. standard of living

Q.

What Are the 5 Stages of Economic Development?

Q. Economic growth is a quantitative measure and is measured in terms of an increase in national income.

1. False
2. True

Q.

Why is economic growth important for a country?

Q.

What is the difference between economic growth and economic development?

Q.

What Is the Main Difference Between Economic Growth and Economic Development?

Q.

Why Do We Need Economic Growth?

Q.

What are two economic growth examples?

Q.

Who benefits from economic growth?

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is referred to as the total income of the country?

1. GDP
2. Per capita income
3. National income
4. Total production

Q. Economic growth purely emphasises factors.

1. social
2. economic
3. socio-economic
4. health

Q. What was India's rank in terms of development as per the United Nations 2019 report?

1. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> 198
2. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> 131
3. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> 172
4. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> 169

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Read the example given below, and calculate the economic growth rate for the year 2020–21 in terms of production.

Production of rice in the year 2019–20 = 120 quintals
Production of rice in the year 2020–21 = 150 quintals

1. 80%
2. 20%
3. 125%
4. 100%

Q. Sort the following in order.

1. Rise in income
2. Increase in jobs
3. Better lifestyle
4. Production rise

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following contribute(s) to increasing the income of the people in our country?

1. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Increase in agricultural production
2. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Increase in industrial production
3. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Increase in tax payments
4. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Growth in service sector