Unit 123

Which factor is essential for economic growth in developing countries?

• Investment in human capital

• Increasing inflation rates

• Strict trade regulations

• High population growth

What is the role of technology in economic development?

• Reducing unemployment rates

• Lowering interest rates

• Enhancing production processes

• Increasing market monopoly

Which of the following is a common indicator of economic development?

• Rising unemployment

• High literacy rate

• Inflated consumer prices

• Decreasing foreign investments

Which economic policy is likely to stimulate economic growth?

• High tariffs on imports

• Restricting access to education

• Government investment in research and development

• Abolishing intellectual property rights

Which sector contributes the largest share to India's GDP?

• Services sector
• Manufacturing sector
• Construction sector
• Agriculture sector

Which of the following is known as human capital?

• Machinery and equipment used in production

• Land and natural resources

• The skills, knowledge, and experience of workers

• Financial assets like stocks and bonds

What economic measure is used to compare the relative standard of living between countries?

• Consumer Price Index (CPI)

• Gross Domestic Product (GDP)

• Purchasing Power Parity (PPP)

• Producers Price Index (PPI)

What is the projected population of India by 2050?

• 1.6 billion

• 1.8 billion

• 2 billion

• 1.4 billion

How has the population explosion impacted India's economic development?

• 
  Increased foreign investments

• Improved infrastructure

• Strain on resources and services

• Decreased unemployment rates

What was the main objective of India's National Population Policy 2000?

• Promote urban migration

• Achieve stable population by 2045

• Increase birth rate

• Improve healthcare exclusively in urban areas