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WorksheetsDevelopment and Economy Quiz
Total questions: 81
Worksheet time: 41mins
For development, people look at a mix of ______.
goals
responsibilities
accountability
none of the above
To compare the development of countries, their _______ is considered to be one of the most important attributes.
income
population
demographics
none of the above
For comparison between countries, total income is not such a useful measure. State whether true or false.
true
false
Since countries have different _______, comparing total income will not tell us what an average person is likely to earn.
economic policies
reserves
resources
populations
In World Development Reports, brought out by the_________, per capita income criterion is used in classifying countries.
UNICEF
World Bank
World Economic Forum.
United Nations
Countries with per capita income of US$ 12616 per annum and above in 2012 are called ______.
underdeveloped countries
developing countries
poor countries
rich countries
India comes in the category of ________ countries because its per capita income in 2012 was just US$ 1530 per annum.
low middle income
middle income
high middle income
none of the above
Among the following states, __________ has the highest per capita income as per 2012-13 figures.
Maharashtra
Bihar
Kerala
Jharkhand
Infant Mortality Rate (IMR) indicates the number of children that die before the age of ____________ as a proportion of 100 live children born in that particular year.
four years
one year
two years
three years
Literacy rate measures the proportion of the literate population in the _________ age group.
10 and above
21 and above
7 and above
18 and above
Net Attendance Ratio is the total number of children of the age group ________ attending school as a percentage of the total number of children in the same age group.
17 and 18 years
9 and 10 years
12 and 13 years
14 and 15 years
As per the 2011 census, which among the following states has the highest literacy rate?
Kerala
Maharashtra
Bihar
Odisha
As per the 2011 census, which among the following states has the highest infant mortality rate per 1000 live births?
Kerala
Bihar
Maharashtra
All of the above
From the given table in the chapter, which state has the highest net attendance ratio?
Gujarat
Maharashtra
Kerala
Bihar
Which of the following statements about money are true?
Money cannot buy you a pollution-free environment.
Money cannot ensure that you get unadulterated medicines.
Money may also not be able to protect you from infectious diseases.
All of the above.
If the Body Mass Index (BMI) is _________, then the adult person would be considered undernourished.
less than 18.5
less than 10.5
less than 25.5
less than 28.5
If the Body Mass Index (BMI) is _________, then the adult person would be considered overweight.
more than 18
more than 30
more than 45
more than 25
Human Development Report published by UNDP compares countries based on _________.
health status
per capita income
educational levels of the people
all of the above
As per the 2013 report, ________ had the HDI rank of 135 in the world.
Sri Lanka
Pakistan
India
Bangladesh
Among the following South Asian countries, ______ had the highest life expectancy at birth.
Myanmar
Sri Lanka
Nepal
India
Agriculture, dairy, fishing, and forestry are examples of ________.
tertiary Sector
secondary Sector
primary Sector
none of the above
The ___________covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity.
secondary sector
tertiary sector
primary sector
none of the above
Which of the following comes under the tertiary sector?
transport
communication
both (a) & (b)
none of the above
Service sector also includes some essential services that may not directly help in the production of goods. State whether true or false.
true
false
__________ shows how big the economy of a country is.
GSDP
GDP
PPP
None of the above
In the past 100 years, there has been a further shift from _______ to ______ in developed countries. This has become the most important in terms of total production.
secondary to the tertiary sector
primary to the tertiary sector
primary to the secondary sector
none of the above
In India, ____________ was the least producing sector in 2010-11.
primary sector
secondary sector
tertiary sector
quaternary sector
In India, which sector grew the maximum from 1970-71 to 2010-11?
primary sector
secondary sector
tertiary sector
quaternary sector
In 1970-71, which sector produced the maximum in India?
tertiary sector
secondary sector
primary sector
quaternary sector
Which of the following statements are true regarding the services sector?
As income levels rise, certain sections of people start demanding many more services like eating out, tourism, and shopping.
Over the past decade or so, certain new services, such as those based on information and communication technology, have become important and essential.
In the year 2010-11, the tertiary sector emerged as the largest producing sector in India, replacing the primary sector.
All of the above.
The _______ continues to be the largest employer in India.
quaternary sector
tertiary sector
secondary sector
primary sector
In India, over a span of 40 years (from 1970 to 2010), while production in the service sector rose by more than 14 times, employment in the service sector rose around _____.
five times
twenty times
ten times
none of the above
Workers in ______________ sector are under-employed.
IT
agricultural
manufacturing
none of the above
More than half of the workers in the country are working in the primary sector, mainly in _________.
fishing
mining
agriculture
none of the above
As per the same study by the former Planning Commission, if tourism as a sector is improved, every year we can give additional employment to more than _______ people.
20 lakhs
25 lakhs
10 lakhs
35 lakhs
The National Rural Employment Guarantee Act was passed by the Government of India in __________.
2005
2010
2004
2014
Under NREGA 2005, all those who are able to and are in need of work are guaranteed _______ of employment in a year by the government.
180 days
50 days
200 days
100 days
Which of the following statements are true regarding the organised sector?
Workers in the organised sector enjoy the security of employment.
They are expected to work only a fixed number of hours.
If they work more, they have to be paid overtime by the employer.
All of the above.
The unorganised sector is characterised by small and scattered units which are largely outside the control of the _______.
employers
private individuals
government
employees
Which of the following statements are true regarding the unorganised sector?
This sector includes a large number of people who are employed on their own doing small jobs.
Employment is not secure.
People can be asked to leave without any reason.
All of the above.
Double coincidence of wants means ____________.
What a person desires to sell is exactly what the other person wishes to buy.
What a person desires to sell is exactly what the other person also wishes to sell.
What a person desires to buy is exactly what the other person also wishes to buy.
None of the above.
In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.
False
True
In India, _____________ issues currency notes on behalf of the Central Government.
Reserve Bank of India (RBI)
Ministry of Finance
Finance Commission
None of th
In India, _____________ issues currency notes on behalf of the Central Government.
Reserve Bank of India (RBI)
Ministry of Finance
Finance Commission
None of the above
Which of the following statements is true?
As per Indian law, apart from RBI, no other individual or organisation is allowed to issue currency.
The law legalises the use of rupees as a medium of payment that cannot be refused in settling transactions in India
No individual in India can legally refuse a payment made in rupees.
All of the above.
Banks in India these days hold about _________ of their deposits as cash.
25 per cent
20 per cent
15 per cent
5 per cent
Banks use the major portion of the deposits to ______.
Extend loans
Invest in infrastructure
Deposit in foreign banks
None of the above
The difference between what is charged from borrowers and what is paid to depositors is the main source of banks' income.
True
False
In rural areas, the main demand for credit is for ________.
Purchasing land
Purchasing a house
Medical expenses
Crop production
Which of the following is an example of collateral?
Livestock
Land
Deposits with banks
All of the above
What are the different components of the terms of credit?
Interest rate
Documentation requirements
Collateral
All of the above
Which of the following statements is correct?
Members of a cooperative pool their resources for cooperation in certain areas.
Besides banks, the other major source of cheap credit in rural areas is cooperative societies.
There are several types of cooperatives possible, such as farmers cooperatives, weavers cooperatives, and industrial workers cooperatives.
All of the above.
Which of the following are examples of informal sector loans?
Moneylenders
Traders
Cooperatives
Only (a) and (b)
As of 2012, the major source of credit to rural households in India was _______.
Moneylenders.
Commercial banks.
Cooperative societies.
Relatives and friends.
Which of the following statements is false?
There is no organisation which supervises the credit activities of lenders in the informal sector.
RBI stops the money lenders from using unfair means to get their money back.
Compared to the formal lenders, most of the informal lenders charge much lesser interest on loans
Both (b) and (c)
Which of the following statements is true?
Periodically, banks do not submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.
The Reserve Bank of India does not supervise the functioning of formal sources of loans.
The RBI monitors the banks in actually maintaining cash balances.
None of the above.
___________ of the loans taken by poor households in the urban areas are from informal sources.
85 per cent
70 per cent
65 per cent
50 per cent
___________ of the loans taken by rich households in the urban areas are from formal sources.
20 per cent
10 per cent
15 per cent
90 per cent
___________ of the loans taken by well-off households in the urban areas are from formal sources.
54 per cent
64 per cent
72 per cent
90 per cent
___________ of the loans taken by households with few assets in the urban areas are from informal sources.
72 per cent
28 per cent
53 per cent
47 per cent
Which of the following could lead to a debt trap?
The high-interest rate for borrowing can mean that the amount to be repaid is greater than the income of the borrower.
Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan.
The high-interest rate for borrowing can mean that the amount to be repaid is lesser than the income of the borrower.
Both (a) and (b.)
Which of the following statements are true about MNCs?
A MNC is a company that owns or controls production in more than one nation.
MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
This is done so that the cost of production is low and the MNCs can earn greater profits.
All of the above.
The MNC not only sell its finished products globally but, more importantly, the goods and services are produced globally. State whether true or false.
False
True
___________ provides the advantage of being a cheap manufacturing location.
China
Japan
South Korea
None of the above
Cargill Foods, a very large ________ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.
Dutch
French
British
American
__________, footwear, and sports items are examples of industries where production is carried out by a large number of small producers around the world.
Confectionery
Garments
Petroleum products
None of the above
__________, an American company, is one of the world's largest automobile manufacturers, with production spread over 26 countries of the world.
Ford Motors
Porsche
Audi
None of the above
The products are supplied to the MNCs, which then sell them under their own brand names to the customers. These large MNCs have tremendous power to determine the _____.
Price
Quality
Labour conditions for these distant producers
All of the above
Ford Motors came to India in _______ and spent Rs. 1700 crore to set up a large plant near Chennai.
1995
1999
1990
1998
When Ford established its manufacturing plant in India, it collaborated with _______.
Hero Motors
Maruti Suzuki
Tata Motors
Mahindra & Mahindra
Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and _______.
Brazil
Argentina
Chile
None of the above
Chinese toys have become more popular in the Indian markets. Within a year, ___________ of the toy shops have replaced Indian toys with Chinese toys.
50 to 60 per cent
80 to 90 per cent
100 per cent
70 to 80 per cent
Which of the following is true regarding the opening of trade?
Choice of goods in the markets rises.
Producers in the two countries now closely compete against each other even though they are separated by thousands of miles.
Foreign trade thus results in connecting the markets or integration of markets in different countries.
All of the above.
Globalisation is a process of slow integration or interconnection between countries. State whether true or false.
False
True
___________ have led to a huge reduction in port handling costs and increased the speed with which exports can reach markets.
Containers
Cranes
Elevators
None of the above
The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.
Air transport, airlines
Road transport, four wheelers
Rail transport, railways
None of the above
Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each should come into the country. State whether true or false.
True
False
Removing barriers or restrictions set by the government is known as _____.
Globalisation
Disinvestment
Privatisation
Liberalisation
Starting around ________, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe.
2011
2001
1991
1981
Nearly _________ countries of the world are members of the WTO as of June 2014.
50
100
160
200
Started at the initiative of the ________, WTO establishes rules regarding international trade and sees that these rules are obeyed.
Middle-income countries
Poor countries
Developing countries
Developed countries
