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!
Only 1
Only 2
Neither 1 nor 2
Both 1 and 2
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2.4
3.7
10
12
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Lack of political will
Poor implementation
Shortcoming in legislation
All of these
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Surplus of public sector undertakings
Sum total of factor incomes
Exports minus imports
None of these
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Net inflow from abroad
Subsidies
Indirect taxes
None of these
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Only 1
Only 2
Only 3
1, 2 and 3
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Multi level planning
Indicative planning
Functional planning
None of these
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Boost in agricultural output
Developmental expenditure
Risee in industrial output
Balanced budget
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It results into devaluation of currency
It affects exports & makes imports attractive
It affects the poor & vulnerable sections more
It may cause recession
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