A Basic Quiz On Economic And Social Development

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| By Tanmay Shankar
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A Basic Quiz On Economic And Social Development - Quiz

Economic and social developments are some of the things that most countries hope that all their citizens get to enjoy. As discussed by our economics class economic development process involves improving the standards of living for their citizens, and people know how to deal with each other. Take up the quiz below and see just how much you know about economic and social development. All the best!


Questions and Answers
  • 1. 

    Who made the use of energy requirements (calorie) as a measure of poverty in India the first time?

    • A.

      Dandekar and Rath

    • B.

      Amartya Sen

    • C.

      T.N. Srinivasan

    • D.

      None of these

    Correct Answer
    A. Dandekar and Rath
    Explanation
    Dandekar and Rath were the first to use energy requirements (calorie) as a measure of poverty in India. This means that they developed a method to assess poverty levels based on the amount of energy (calories) needed by individuals to meet their basic needs. This approach allowed for a more objective and quantifiable measure of poverty, as it focused on the essential element of energy consumption. Amartya Sen and T.N. Srinivasan may have made contributions to poverty measurement in India, but they were not the first to use energy requirements as a measure of poverty.

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  • 2. 

    What is the fastest increasing component of the Central Government expenditure?

    • A.

      Interest payment

    • B.

      Subsidies

    • C.

      Defence

    • D.

      None of these

    Correct Answer
    B. Subsidies
    Explanation
    Subsidies are the fastest increasing component of Central Government expenditure. This means that the amount of money spent on subsidies by the government is increasing at a faster rate compared to other components such as interest payments and defense. This could be due to various factors such as an increase in the number of subsidies provided, an increase in the amount of money allocated for each subsidy, or changes in government policies that prioritize providing financial support to specific sectors or groups.

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  • 3. 

    What does 'Brown Agenda' refers to?

    • A.

      The well-being of present generation, mainly in urban slums

    • B.

      The need to safeguard the earth for future generation

    • C.

      Concern for environment

    • D.

      None of these

    Correct Answer
    A. The well-being of present generation, mainly in urban slums
    Explanation
    The term 'Brown Agenda' refers to the focus on the well-being of the present generation, particularly those living in urban slums. It highlights the need to address the challenges and improve the living conditions of individuals in these marginalized communities. This term does not specifically refer to the need to safeguard the earth for future generations or a general concern for the environment.

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  • 4. 

    The UPA government decided to reinstate the strategic sale route for PSU disinvestment with which of the following?

    • A.

      Bundled offer

    • B.

      Public offer route

    • C.

      E-tender

    • D.

      None of these

    Correct Answer
    B. Public offer route
    Explanation
    The UPA government decided to reinstate the strategic sale route for PSU disinvestment with the public offer route. This means that the government will sell its stake in public sector undertakings (PSUs) through public offerings, allowing the general public to participate in the disinvestment process. This method ensures transparency and wider participation, as interested individuals and institutional investors can buy shares of the PSUs being divested. It also helps in raising funds for the government and reducing its stake in PSUs to promote private sector participation and efficiency.

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  • 5. 

    HPI (Human Poverty Index) measures the deprivation as a composite index of which of the following?

    • A.

      Basic needs, knowledge and Standard of living

    • B.

      Knowledge, Standard of living and Longevity

    • C.

      Standard of living, Sanitation and Longevity

    • D.

      None of these

    Correct Answer
    B. Knowledge, Standard of living and Longevity
    Explanation
    The HPI (Human Poverty Index) measures deprivation as a composite index of knowledge, standard of living, and longevity. This means that it takes into account factors such as education, income, health, and life expectancy to assess the level of poverty experienced by individuals or communities. By considering these three dimensions, the HPI provides a more holistic understanding of human poverty and allows for a comprehensive evaluation of well-being.

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  • 6. 

    Who proposed the concept of 'P index' as a measure of income shortfall?

    • A.

      P.S. Loganathan

    • B.

      Amartya Sen

    • C.

      B.S. Minhas

    • D.

      None of these

    Correct Answer
    B. Amartya Sen
    Explanation
    Amartya Sen proposed the concept of 'P index' as a measure of income shortfall. The P index is a measure used to assess the extent and depth of poverty in a society by taking into account the income shortfall of individuals below the poverty line. It provides a more comprehensive understanding of poverty by considering not only the proportion of people living in poverty but also the intensity of their poverty. This index has been widely used in poverty analysis and policy-making to evaluate the effectiveness of poverty reduction measures.

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  • 7. 

    Which state has the largest percentage of persons below poverty line?

    • A.

      Uttar Pradesh

    • B.

      Madhya Pradesh

    • C.

      Arunachal Pradesh

    • D.

      Bihar

    Correct Answer
    D. Bihar
    Explanation
    Bihar has the largest percentage of persons below the poverty line. This can be attributed to various factors such as a high population density, low literacy rates, inadequate infrastructure, and limited access to basic amenities and resources. These factors contribute to the overall poverty levels in the state, making it the state with the highest percentage of people living below the poverty line.

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  • 8. 

    Which state has the lowest percentage of persons below poverty line?

    • A.

      Uttar Pradesh

    • B.

      Madhya Pradesh

    • C.

      Arunachal Pradesh

    • D.

      Punjab

    Correct Answer
    D. Punjab
    Explanation
    Punjab has the lowest percentage of persons below the poverty line among the given options. This means that Punjab has a relatively lower number of people living in poverty compared to Uttar Pradesh, Madhya Pradesh, and Arunachal Pradesh.

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  • 9. 

    Government of India’s Outcome Budget that was introduced from the year 2005 is a joint effort between ____________ and Finance Ministry.

    • A.

      Expenditure Commission

    • B.

      Finance Commission

    • C.

      Planning Commission

    • D.

      None of these

    Correct Answer
    C. Planning Commission
    Explanation
    The correct answer is Planning Commission. The Outcome Budget introduced by the Government of India in 2005 is a collaborative effort between the Planning Commission and the Finance Ministry. The Planning Commission plays a crucial role in formulating and implementing development plans in India, while the Finance Ministry is responsible for managing the country's finances. Together, they work towards ensuring that government expenditure is aligned with desired outcomes and goals.

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  • 10. 

    What happened after the launch of New Economic Policy?

    • A.

      Rural poverty increased initially but declined in 1993-94

    • B.

      Both urban and rural poverty increased

    • C.

      Both rural and urban poverty decreased

    • D.

      None of these

    Correct Answer
    A. Rural poverty increased initially but declined in 1993-94
    Explanation
    After the launch of the New Economic Policy, rural poverty initially increased but eventually declined in 1993-94. This suggests that the policy had a negative impact on rural poverty in the beginning, but over time, measures were taken to address the issue and alleviate poverty, leading to a decrease in rural poverty rates.

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  • Current Version
  • Oct 17, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 13, 2015
    Quiz Created by
    Tanmay Shankar
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