The Great Divergence

Q.

Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

Q.

Do you think outsourcing is good for India? Why are developed countries opposing it?

Q.

Choose the option that lists statement that is NOT TRUE.

1. Economically backward countries will benefit from sustainable tourism.

2. The tourism business currently recognizes sustainability as an important factor.

3. Emerging economies will receive negligible international tourists in the near future.

4. The sustainability factor in tourism is a significant means for development.

Q. Punjab has higher per capita income but Kerala has a better human development ranking. Explain.

Q.

Explain the reports on the Indian economy and India's human capital released by the World Bank.

Q.

Which two countries accounted for more than 50% of the world's GDP till the 18th Century?

1. India

2. Britain

3. USA

4. China

Q. The difference that emerged between the rich and poor countries around the 1800s is called the .

1. Great Divergence
2. Great Convergence
3. Soviet Revolution
4. Cold War

Q. The two countries that dominated the global economy until the 17th century were India and .

1. USSR
2. United Kingdom
3. USA
4. China

Q. India comes in which category of countries in terms of Per Capita Income (PCI)?

Q. What is the per capita income level of middle-income countries as per WDR 2006?

1. Rs. 37, 000 or less
2. Rs. 4, 53, 000 per annum and above
3. Above Rs. 37000 but below Rs. 4, 53, 000
4. Rs. 35, 000 and above

Q.

Which of the following is true about India?

1. India has highest unemployability quotients

2. All of these

3. India is sixth largest in terms of GDP

4. India has the largest educated manpower

Q.

After 1800, the global GDP distribution changed because of _______

1. change in population trends

2. change in geographical factors

3. all of these

4. divergences in productivity

Q.

What factors restricted the agricultural production in Europe during the pre-industrial era?

1. low soil fertility

2. long winter season

3. incidence tropical diseases

4. large population

Q.

The phenomenon of increased differences in wealth between the rich and poor countries which started around 1800 is called ___

1. The Great Divergence

2. The Great Convergence

3. The Great Depression

4. The Great Boom

Q.

In which of these regions was the population growth restricted because of tropical diseases?

1. China

2. Europe

3. Africa

4. America

Q.

The time period in history between 1500-1800 represents _____.

1. the industrial revolution era

2. the agricultural revolution era

3. the technological revolution era

4. the mercentalist era

Q. India is one of largest in the world in terms of GDP.

1. True
2. False