Economic And Social Development Quiz
Economic development is the transit of the standard of living from low income to high income whereas social development is all about the ability of a child to learn how to interact with different people in the economy. In this quiz, you will get all questions related to economics and social development. Find out how much you know about this!
Questions and Answers
- 1.
India has __________% of geographical area of the world.
- A.
2.4
- B.
3.7
- C.
10
- D.
12
Correct Answer
A. 2.4Explanation
India has 2.4% of the geographical area of the world. This means that out of the total land area on Earth, India covers approximately 2.4%. This percentage indicates the relative size of India compared to the rest of the world in terms of land area.Rate this question:
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- 2.
What is the objective of National Water Policy (2002)?1. Participation & involvement by beneficiaries2. Rehabilitation to proceed concurrently with construction of project3. Private sector involvement in management and development of water resources projectsChoose the correct statement:
- A.
Only 1
- B.
Only 2
- C.
Only 3
- D.
1, 2 and 3
Correct Answer
D. 1, 2 and 3Explanation
The objective of the National Water Policy (2002) is to achieve participation and involvement by beneficiaries, ensure that rehabilitation is carried out simultaneously with the construction of projects, and encourage private sector involvement in the management and development of water resources projects.Rate this question:
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- 3.
What is the national income of a country?
- A.
Surplus of public sector undertakings
- B.
Sum total of factor incomes
- C.
Exports minus imports
- D.
None of these
Correct Answer
B. Sum total of factor incomesExplanation
The national income of a country refers to the sum total of factor incomes. This includes the income earned by individuals and businesses in the form of wages, salaries, profits, and rent. It represents the overall economic output of a country and is used as an indicator of its economic health and development. The other options mentioned, such as surplus of public sector undertakings and exports minus imports, do not encompass the entire national income and are therefore not correct answers.Rate this question:
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- 4.
Panchayati Raj institutions are intended to reinforce?
- A.
Multi level planning
- B.
Indicative planning
- C.
Functional planning
- D.
None of these
Correct Answer
A. Multi level planningExplanation
Panchayati Raj institutions are intended to reinforce multi level planning. This means that they aim to strengthen the planning process at various levels, from the grassroots level to higher levels of government. By involving local communities in decision-making and planning, Panchayati Raj institutions help ensure that development initiatives are more inclusive, responsive, and effective. This decentralization of planning power allows for better coordination and implementation of development projects, as well as greater accountability to local needs and priorities.Rate this question:
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- 5.
The features of Indian agriculture are?1. Disguised unemployment2. Gamble in the hands of monsoon
- A.
Only 1
- B.
Only 2
- C.
Neither 1 nor 2
- D.
Both 1 and 2
Correct Answer
D. Both 1 and 2Explanation
The features of Indian agriculture include both disguised unemployment and dependence on the monsoon. Disguised unemployment refers to the situation where there are more workers in a sector than required, leading to low productivity and underemployment. In Indian agriculture, there is often a surplus of labor, with many farmers working on small plots of land, resulting in disguised unemployment. Additionally, agriculture in India heavily relies on the monsoon season for irrigation, making it a gamble as the success of crops is dependent on the timing and adequacy of rainfall. Therefore, both features mentioned in options 1 and 2 are present in Indian agriculture.Rate this question:
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- 6.
Name the state which leads in India in terms of absolute number of persons living in urban areas?
- A.
Madhya Pradesh
- B.
Maharashtra
- C.
Karnataka
- D.
None of these
Correct Answer
B. MaharashtraExplanation
Maharashtra leads in India in terms of the absolute number of persons living in urban areas. This means that Maharashtra has the highest population living in urban areas compared to other states in India.Rate this question:
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- 7.
What is adversely affected the basic purpose of introducing land reforms?
- A.
Lack of political will
- B.
Poor implementation
- C.
Shortcoming in legislation
- D.
All of these
Correct Answer
D. All of theseExplanation
The basic purpose of introducing land reforms is adversely affected by all of these factors. Lack of political will refers to the lack of commitment and determination from political leaders to implement and enforce land reforms effectively. Poor implementation refers to the inadequate execution and enforcement of land reform policies, which hinders their intended impact. Shortcomings in legislation imply that the laws and regulations related to land reforms are insufficient or flawed, leading to ineffective implementation. All of these factors combined contribute to the adverse effect on the basic purpose of introducing land reforms.Rate this question:
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- 8.
What could be the Demand pull factors for inflation?
- A.
Boost in agricultural output
- B.
Developmental expenditure
- C.
Risee in industrial output
- D.
Balanced budget
Correct Answer
B. Developmental expenditureExplanation
Developmental expenditure refers to government spending on infrastructure, education, healthcare, and other sectors aimed at promoting economic growth and development. When the government increases developmental expenditure, it injects more money into the economy, leading to increased demand for goods and services. This increased demand can result in higher prices, leading to inflation. Therefore, developmental expenditure can be considered a demand pull factor for inflation.Rate this question:
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- 9.
Why is the Inflation described as a regressive form of taxation?
- A.
It results into devaluation of currency
- B.
It affects exports & makes imports attractive
- C.
It affects the poor & vulnerable sections more
- D.
It may cause recession
Correct Answer
C. It affects the poor & vulnerable sections moreExplanation
Inflation is described as a regressive form of taxation because it affects the poor and vulnerable sections of society more. When inflation occurs, the prices of goods and services increase, reducing the purchasing power of individuals, especially those with lower incomes. This means that the poor are hit the hardest as they have to spend a larger portion of their income on essential items. In contrast, wealthier individuals have more resources to absorb the impact of inflation. Therefore, inflation can be seen as a form of taxation that disproportionately affects those who can least afford it.Rate this question:
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- 10.
We obtain National income by adding _________ to Net Domestic Product.
- A.
Net inflow from abroad
- B.
Subsidies
- C.
Indirect taxes
- D.
None of these
Correct Answer
A. Net inflow from abroadExplanation
National income is obtained by adding net inflow from abroad to Net Domestic Product. Net inflow from abroad refers to the difference between the income earned by domestic residents from foreign countries and the income earned by foreign residents within the domestic country. This is added to Net Domestic Product, which is the total value of goods and services produced within a country's borders. By including net inflow from abroad, we account for the income generated by domestic residents outside the country and the income generated by foreign residents within the country, providing a more accurate measure of the country's overall income.Rate this question:
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Current Version
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Mar 22, 2023Quiz Edited by
ProProfs Editorial Team -
Jan 13, 2015Quiz Created by
Tanmay Shankar
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