What is the concept of developed country ?
? Optional ? Absolute ? Minimum ? Relative
Which word is associated with 'underdevelopment'?
? developing countries ? developed countries ? Poor countries ? Socialist countries
Economic development is associated with people's ..........and living standard of a country.
? optional income ? poverty ? per capita income ? financial income
The figure obtained by dividing the total national income by the total population is ....
? Average income ? Per capita income ? Absolute income ? Economic growth income
What is economic development?
? Improvement in standard of living ? Inflation ? Increase in income ? Increase in export
Due to what is per capita income of people increases?
? Import-export ? Economic development ? Business ? Bank loans
Increase in what, brings improvement in the standard of living of people?
? National income ? Agricultural production ? Per capita income ? Industrial production
How can we say that there is economic development in India?
? New industries are coming up every year. ? Needs are satisfied in a better way. ? Irrigation facilities have increased. ? Peoples income keeps on growing.
........... shows the increase in production and the rate of increase.
? Industrial development ? National development ? Economic development ? Economic growth
Which concept is more useful to know people's welfare and changes taking place in it?
? National income ? Economic development ? Economic growth ? Individual income
Earning or spending some money by exchange of commodities or services are called ....
? Exchange Activity ? Saving Activity ? Economic Activity ? Non-economic Activity
Providing basic amenities to every citizen during a year is included in ....
? living standard ? prosperity ? development ? income
Which country among the following is not a developed country?
? Japan ? Germany ? USA ? Brazil
What is the concept of economic development?
? narrow ? limited ? social ? elaborate
What is the concept of economic growth?
? limited ? narrow ? elaborate ? broad
Which country among the following is a developing country?
? India ? Japan ? France ? Sweden
Which country among the following is a developed country?
? Argentina ? Sri Lanka ? North America ? India
What type of countries are USA, Russia, Japan, France, etc.?
? Developed ? Backward ? Underdeveloped ? Developing
What is the primary occupation of people in developing countries?
? Trade services ? industries ? agriculture ? transportation
How is the social structure of developing countries?
? progressive ? encouraging for development ? backward and orthodox ? dual
What is the form of economy in developing countries?
? backward and orthodox ? developing ? against development ? dual
What is the chief feature of a developing economy?
? Poverty ? Increasing population ? Rising prices ? Low per capita income
Countries having how many $ per capita income are included in developing Economy?
? 765$ ? 800$ ? 565$ ? 1,000$
What is India called economically?
? Developed ? Developing ? Backward ? Underdeveloped
In developing countries ...
? there is no significant growth of technology. ? per capita income is high. ? land is cultivated by machines. ? education level is high.
For developed countries foreign trade is ....
? necessary ? unnecessary ? favourable ? unfavourable
What is the annual population growth rate of developing countries?
? 2 % or higher ? 4 % or higher ? 2.5 % or higher ? 5.2 % or higher
Into how many sections can economic activities be classified?
? Three ? Five ? Six ? Seven
Which things are included in service sector?
? Import-export, manufacture of nuclear weapons ? Tools for communication, defense material, cloth manufacturing ? Machinery, large industry, colour, chemical ? Trade, communication, health, banking
Which sector dominates in developing countries?
? Secondary sector ? Primary sector ? Service sector ? Business sector
What per cent people of the developing countries are poor?
? More than 12% ? More than 18% ? More than 24% ? More than 30%
Which sector contributes most in employment generation and national income?
? Tourism sector ? Industrial sector ? Primary sector ? Education sector
What type of sector can primary sector be called?
? Society dominated ? Labour dominated ? Ancient ? Modern
Which of the following economic activities belong to primary sector?
? machinery industry ? agriculture ? road transport ? health
Which of the following economic activities belong to secondary sector?
? production of nuclear weapons ? fishing ? banking ? cattle rearing
Which of the following economic activities belong to service sector?
? education ? electricity ? forest conservation ? factories
What per cent people, in 1951, were engaged in agriculture?
? 62% ? 71% ? 60% ? 65%
In 2001-2002, what percent people were engaged in agriculture?
? 70% ? 68% ? 71% ? 58%
What per cent people in England and America are employed in the agricultural sector?
? 5% ? 7% ? 2% ? 3%
What percent people in France and Japan are employed in the agricultural sector?
? 7% ? 10% ? 3% ? 5%
What percent people in Canada are employed in the agricultural sector?
? 5% ? 3% ? 2% ? 8%
What percent people in Australia are employed in the agricultural sector?
? 5% ? 12% ? 8% ? 15%
What pe cent of industrial employment, large industries contribute?
? 8% ? 12% ? 4% ? 17.5%
What percent contribution of agriculture was in 1950-51 in the Primary Sector?
? 21.4% ? 57.7% ? 26.6% ? 41.5%
What percent of the total industrial employment of India do the small and cottage industries generate?
? 96% ? 86% ? 80% ? 72%
Indian economy is slowly ....
? heading towards ? settling ? coming under America's influence ? developing
Land, capital, labour and entrepreneurship are the factors of.. ..
? Industrial development ? Production ? Individual development ? National income
What percent share in employment of India does the Primary Sector contribute?
? 40% ? 58% ? 68% ? 70%
Mental or physical work or work including both, aimed at monetary gain means ....
? working skill ? labour ? working capacity ? production
What is a person, who coordinates land capital and labour called?
? Entrepreneur ? Landlord ? Industrialist ? Farmer
Due to unlimited ever increasing human needs resources will always be ....
? sufficient ? abundant ? increasing ? scarce
Which problem will always be more or less present in every economy?
? Scarcity ? Abundance ? Expenditure ? Income
Market mechanism and social system are ....
? complimentary to each other ? both. are the same ? both are opposite to each other ? little different from each other
How many uses do the production resources have?
? Four ? Multiple ? Optional ? Two
On what do we have to depend more for agriculture in India?
? Chemical fertilizer ? Pesticides ? Land ? Human labour
What is market mechanism known as?
? Socialist method ? Capitalist method ? Mixed economy ? Communist method
On what basis are the economic decisions taken in market mechanism?
? Market ? Supply ? Price mechanism ? Import and export
With the decrease in demand of any commodity in the market.. ..
? prices rise ? prices stabilise ? prices go down ? equilibrium of prices is lost
What are the main problems regarding production resources of a country?
? efficiency ? quality ? scarcity ? usage
Market mechanism system maintains a person's ........... freedom.
? civil ? economic ? cultural ? social
In which type of economy, is the market totally free from controls?
? capitalist ? socialist ? mixed ? monarchical
In which type of economy money and price mechanism is supreme?
? Market mechanism ? Communist economy ? Socialist mechanism ? Mixed economy
Which mechanism is known as free economic system?
? Mixed economy ? Socialist system ? Capitalist method ? Communist system
In which one of the following countries is market mechanism system being implemented?
? USA ? Russia ? India ? China
Which is the main important tool in market mechanism?
? Capital ? Entrepreneur ? Land ? Labour
Which one of the following is a factor of market mechanism?
? Economic decisions are taken on the basis of price mechanism. ? Economic decisions are taken on the basis of state mechanism. ? Production resources are owned by the state. ? Economic decision are taken on the basis of national income.
By what other name is socialist system known?
? Capitalist system ? Order and motivation system ? Controlled economy system ? Free economy system
Which one disadvantage from the following occurs in market mechanism system?
? There is wastage of production resources. ? There is no incentive for production growth. ? Money is given too much importance. ? Social welfare works are not done as desired.
Who takes economic decisions in a socialist economic system?
? money ? state mechanism ? price mechanism ? society
Who owns the production resources in socialism?
? entrepreneur ? market mechanism ? state ? planning commission
In market mechanism system ....
? money is considered to be supreme ? money is given too much importance ? money does not have any value ? there is no interference of state
Which one benefit among the following is derived in market mechanism system?
? Person's economic freedom is maintained. ? There is equal and rational distribution of income. ? Class conflict is abolished. ? There is economic stability in society.
In social system, there is no scope for ....
? individual ownership ? capital ? entrepreneur ? traders
How many tools of production are there?
? Two ? Three ? Four ? Five
Which one benefit among the following is there in socialist system?
? Most of the wants of people are satisfied ? Income is distributed equally and rationally ? Person's economic freedom is protected ? Production resources are used economically
What type of economic system prevails in India?
? Mixed ? Socialist ? Market mechanism system ? Capitalist
In which of the following countries is socialist system prevalent?
? India ? Japan ? Britain ? China
In which of the following countries is mixed economy prevalent?
? USA ? China ? India ? Yugoslavia
Which one of the following disadvantages is there in socialist system?
? There is exploitation of customer ? There is waste of production resources ? There is monopoly ? Money and price mechanism cannot be used fully
Which method is prevalent in France and England for the allocation of production resources?
? market mechanism system ? mixed economy system ? capitalist system ? socialist system
Which of the following limitations is seen in mixed economy?
? lack of economic consistency ? economic disorder ? wastage of production resources ? inefficiency
What can the mixed economy be called?
? Controlled ? Communist ? Uncontrolled ? Democratic
Which economic system is prevalent in India, England and France?
? Mixed economy ? Socialist system ? Communist system ? Imperialistic system
Market mechanism: USA: : Socialist:
? Russia ? India ? France ? Japan
Russia: Socialist system:: France:
? Market mechanism system ? Socialist system ? Mixed mechanism ? Communist system
Which one of the following pairs is wrong?
? Agriculture, animal husbandry, etc. - Primary Sector ? Production of atomic weapons - Secondary Sector ? Education, Health, etc.-Service Sector ? Jobs, etc. -- Employment Sector
Which one of the following statements is wrong ?
? Per capita income is low in developing economy ? The annual population growth is less than 1 % in developing economy ? Agriculture is the main economic activity or, the developing economy ? The growth of technology is less in developing economy
Which one from the following does not fit into the factors of production?
? land ? market ? capital ? labour