B.Com 4th Sem (Class Test -2)

What is the key difference between economic growth and economic development?

• Development focuses only on social aspects

• Growth refers to quantitative changes, while development includes qualitative improvements

• They are synonymous

• Growth is limited to the agricultural sector

Which of the following is an indicator of economic growth?

• Literacy rate

• Human Development Index (HDI)

• Gross National Product (GNP)

• Life expectancy

In the context of economic development, what does the term "sustainable development" refer to?

• Balancing economic growth with environmental conservation

• Population control

• Increasing inequality

• Rapid industrialization

How is Gross National Product (GNP) per capita calculated?

• Total population multiplied by total GNP

• Total population divided by total GNP

• Total GNP multiplied by total population

• Total GNP divided by total population

Which factor does GNP per capita primarily focus on?

• Economic output per person

• Economic growth rate

• Income distribution

• Total economic output

In a country with a high GNP per capita, what can be inferred about the standard of living?

• High standard of living

• Low standard of living

• No correlation with standard of living

• GNP per capita does not reflect the standard of living

What three dimensions does the Human Development Index (HDI) measure?

• Infrastructure, technology, and innovation

• Income, literacy, and life expectancy

• Economic growth, education, and healthcare

• Poverty, inequality, and employment

Which organization publishes the Human Development Index annually?

• World Health Organization (WHO)

• United Nations Development Programme (UNDP)

• International Monetary Fund (IMF)

• World Bank

A higher HDI value indicates:

• No correlation with human development

• Better economic growth

• Higher human development

• Lower human development

What role does life expectancy play in the calculation of HDI?

• Higher life expectancy contributes to a higher HDI

• Life expectancy negatively affects HDI score.

• Life expectancy is the sole factor in HDI

• It is not considered in HDI