Economic And Social Development Quiz

2.

The features of Indian agriculture are?1. Disguised unemployment2. Gamble in the hands of monsoon

Only 1
Only 2
Neither 1 nor 2
Both 1 and 2

Correct Answer

A. Both 1 and 2

Explanation

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.

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3.

India has __________% of geographical area of the world.

2.4
3.7
10
12

Correct Answer

A. 2.4

Explanation

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.

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2

4.

What is adversely affected the basic purpose of introducing land reforms?

Lack of political will
Poor implementation
Shortcoming in legislation
All of these

Correct Answer

A. All of these

Explanation

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.

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5.

What is the national income of a country?

Surplus of public sector undertakings
Sum total of factor incomes
Exports minus imports
None of these

Correct Answer

A. Sum total of factor incomes

Explanation

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.

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6.

We obtain National income by adding _________ to Net Domestic Product.

Net inflow from abroad
Subsidies
Indirect taxes
None of these

Correct Answer

A. Net inflow from abroad

Explanation

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.

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7.

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:

Only 1
Only 2
Only 3
1, 2 and 3

Correct Answer

A. 1, 2 and 3

Explanation

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.

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2

8.

Panchayati Raj institutions are intended to reinforce?

Multi level planning
Indicative planning
Functional planning
None of these

Correct Answer

A. Multi level planning

Explanation

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.

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9.

What could be the Demand pull factors for inflation?

Boost in agricultural output
Developmental expenditure
Risee in industrial output
Balanced budget

Correct Answer

A. Developmental expenditure

Explanation

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.

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10.

Why is the Inflation described as a regressive form of taxation?

It results into devaluation of currency
It affects exports & makes imports attractive
It affects the poor & vulnerable sections more
It may cause recession

Correct Answer

A. It affects the poor & vulnerable sections more

Explanation

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.

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Economic And Social Development Quiz

Name the state which leads in India in terms of absolute number of persons living in urban areas?

Quiz Preview

The features of Indian agriculture are?1. Disguised unemployment2. Gamble in the hands of monsoon

India has __________% of geographical area of the world.

What is adversely affected the basic purpose of introducing land reforms?

What is the national income of a country?

We obtain National income by adding _________ to Net Domestic Product.

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:

Panchayati Raj institutions are intended to reinforce?

What could be the Demand pull factors for inflation?

Why is the Inflation described as a regressive form of taxation?