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Development Test - 25

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Development Test - 25
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Weekly Quiz Competition
  • Question 1
    1 / -0
    An underdeveloped economy is generally characterized by ____________.
    Solution
    An underdeveloped economy is generally characterized by coexistence of underutilized labour with unexploited national and other resources. Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
  • Question 2
    1 / -0
    The basic reason of considering the Indian Economy as under developed economy is _____________.
    Solution
    The basic reason of considering the Indian Economy as under developed economy is :
    a) wide spread of poverty
    b) high growth of population
    c) high income inequalities.Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
  • Question 3
    1 / -0
    Economy is said to be under developed if:
    (i)About 60 to 80% of the population is engaged in agriculture and allied activities.
    (ii) Burden of population and dependent population is very high
    (iii) Capital formation is very low due to lack of saving.
    (iv) Productivity of labour production facility and standard of living is very low.
    (v) Incidence of underemployment and unemployment is very high.
    Select the correct codes option
    Solution
    Economy is said to be under developed if:
    (i)About 60 to 80% of the population is engaged in agriculture and allied activities.
    (ii) Burden of population and dependent population is very high
    (iii) Capital formation is very low due to lack of saving.
    (iv) Productivity of labour production facility and standard of living is very low.
    (v) Incidence of underemployment and unemployment is very high.
    Underdeveloped economy can be referred to those countries which are economically backward.
  • Question 4
    1 / -0
    Select the correct statement/s related to India's development model, using the code given below:
    1. Policies inducing attitudinal changes are examples of normative development model.
    2. Normative development model is organic in nature. 
    Solution
    Such a model is being emphasised by the Government under the new economic think tank. the Niti Aayog.
  • Question 5
    1 / -0
    Technological development relates to ________________.
    Solution
    Technical development relates to anything in regions to the inventions or innovations.
  • Question 6
    1 / -0
    Which of the following is/are correct about the 'income of individuals'? Select your answer using the code given below:
    1. Their real income is what they get after adjusting the weight of inflation.
    2. Their nominal incomes is what they get after adjusting the weight of the direct taxes.
    Solution
    Nominal income does not adjust the weight of direct taxes (after adjusting direct taxes we get the 'disposable income'). Nominal income is the income which accrues in the hands of the individuals (and it is without either the inflation or the direct taxes).
  • Question 7
    1 / -0
    Emphasis on which of the following policy measure/ measures will promote the cause the 'reform with human face' in India?
    1. Redefining subsidies
    2. Cutting down non-plan expenditure
    3. Making social sector activities more and more market-based
    4. Promoting private sector's participation in primary education, healthcare and skill development sectors.
  • Question 8
    1 / -0
    Social Development is about putting __________________.
    Solution
    Social Development is about putting at the centre of development.
  • Question 9
    1 / -0
    Select the incorrect statement/ statements related to the International Development Agency (IDA), using the code given below:
    1. It lends money for the different development purposes to the Third World member economies at a negligible interest rate, which is considered free of interest.
    2. India has been replaced by Bangladesh as its biggest beneficiary.
  • Question 10
    1 / -0
    Sustainable development is a case of intergenerational sensibility in respect of use of  
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