Economic Development
Trending Questions
Q.
What Are the Basic Issues of Economic Development in India?
Q. Identify the two main objectives of economic planning in India.
- Political development
- Rural development
- Economic development
- Social development
Q. Who defined economic development as a process by which an economy's real national income increases over a long period?
- P. C. Mahalanobis
- Amartya Sen
- Meier and Baldwin
- Mahabub Ul Haq
Q. Prof. Meier and Baldwin defined
- social development
- economic development
- underdevelopment
- human development
Q. Which of the following is not an objective of economic development?
- Reduction in poverty
- Reduction in employment
- Improvement in standard of living
- Better education
Q. What are land, labour, capital, and entrepreneurship collectively referred to as?
- Outputs
- Inputs
- Profits
- Costs
Q. Identify the indicators of economic development.
- National income
- Literacy
- Per capita income
- Living standards
- Employment
- Healthcare
- Poverty
- Agricultural
growth
Q. What is referred to as the total value of goods and services produced in a country during a year, adjusted for inflation?
- Per capita income
- National income
- Real national income
- Gross domestic product
Q. Per capita income can decrease only when the rate of growth of national income is more than the rate of growth of population.
- False
- True
Q. Imagine a country with a population of 15 million. The national income of the country is ₹22, 500 million. How much will an average individual earn in this country?
- ₹1, 000
- ₹1, 500
- ₹2, 000
- ₹2, 500
Q. Identify the foremost indicator of economic development.
- Increased employment opportunities
- Decrease in poverty
- Increase in national income
- Improved standard of living
