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Development Test - 21

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Development Test - 21
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Weekly Quiz Competition
  • Question 1
    1 / -0
    OECD stands for __________.
    Solution
    OECD stands for Organization for Economic Co-operation and Development. It is established in the year of 1961. 36 countries are the members of OECD. This intergovernmental institution is launched for the betterment of world trade.
  • Question 2
    1 / -0
    ________ said when six economist gathers there are seven opinion.
  • Question 3
    1 / -0
    National Social Assistance Programme (NSAP) was launched on _______.
  • Question 4
    1 / -0
    Chairman of first National Development Council was _______.
  • Question 5
    1 / -0
    SEZ stands for _______.
    Solution

    special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to—and attract—foreign direct investment (FDI). A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's domestic economic laws. India has specific laws for its SEZs.

  • Question 6
    1 / -0
    Which of the following country have the highest productivity of rice?
    Solution
    China have the highest productive of rice. Rice is the most important cereal staple food in China. After China, India is in the second position in the category of producing rice.
  • Question 7
    1 / -0
    In an under-developed economy __________ is the main occupation of the people. 
    Solution
    In an under-developed economy, agriculture is the main occupation of the people. Underdeveloped countries can be referred to those countries which are backward economically. In these countries, most people engage themselves in the agricultural sectors and allied activities in order to sustain living.
  • Question 8
    1 / -0
    India has ranked at which position in the World Competitiveness Rankings $$2017$$ compiled by the International Institute for Management Development's (IMD) World Competitiveness Center?
    Solution
    India has ranked at 45th rank in the World Competitiveness Rankings 2017 compiled by the International Institute for Management Development's (IMD) World Competitiveness Center.  World competitiveness Rankings measure the competitive nature of every nation. It also signify the acceleration of reaserch and development in one economy.
  • Question 9
    1 / -0
    In an under-developed economy, the people's ability to save is _______.
    Solution
    In an under-developed economy, the people's ability to save is low.
    Factors which affect the people's ability to save are:
    a) low levels of income
    b) wide-spread poverty
    c) higher propensity to consume Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 10
    1 / -0
    The $$2016$$ India-US Economic Summit will be held in which of the following cities?
    Solution
    The 2016 India-US Economic Summit will be held in Bengaluru. Economic summit takes place in order to ensure economic growth and economic development. Many trade treaties also take place in this summit.
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