Trivia Quiz: All About Economic And Social Development

10 Questions | By Jagranjosh | Updated: Mar 21, 2022 | Attempts: 3341

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Economic and social development form a huge part in molding a given country in a way that it can attain its goals that it has set upon development over time. People are at the core of growth so they must work kindly with others. Take this trivia quiz that is all about economic and social development to see how much you understand the factors affecting them.

Questions and Answers

1.

Which of the following is not true of the Regional Rural Banks (RRBs)?
- A.
  
  They are co-sponsored by RBI
- B.
  
  They provide direct loans to small and marginal farmers
- C.
  
  State Governments are share-holders in RRB
- D.
  
  They also carry out other banking operations
2.

What does 'Level playing field' argument of industries require?
- A.
  
  Domestic industry to be treated on par with Multi-National Companies
- B.
  
  Licence for Multi-National Companies to be given only in environment- friendly technology
- C.
  
  Priority will be given to domestic industry
- D.
  
  None of these
3.

A company is termed as 'sick' when the accrued loss at the end of financial year results into erosion of ___ % of its net worth.
- A.
  
  50%
- B.
  
  20%
- C.
  
  100%
- D.
  
  None of these
4.

Among the following, which is not an internal factor for industrial sickness?
- A.
  
  Power shortage
- B.
  
  Mismanagement
- C.
  
  Wrong dividend policy
- D.
  
  None of these
5.

Among the following, which is one of the disadvantages of WPI (Wholesale Price Index) in India?
- A.
  
  It is not available for individual commodities
- B.
  
  Services sector does not get covered
- C.
  
  It is available only at constant prices
- D.
  
  It is available only on monthly basis
6.

Choose the incorrect statement:
- A.
  
  Human Development Report is authoritative annual publication issued by the World Bank
- B.
  
  Human Development Report measures endurance by life expectancy at birth
- C.
  
  Adult literacy rate measure knowledge
- D.
  
  Standard of living is measured by GDP per capita
7.

Among the following, which factor does not figure in the 10- year Action Plan that was formulated under the National Population Policy, 2000?
- A.
  
  Free and compulsory elementary education
- B.
  
  Greater participation of self-help group members
- C.
  
  Special reward for men who take on terminal family planning methods
- D.
  
  None of these
8.

Among the following, which legislation may not be characterized as based on a 'rights-based approach'?
- A.
  
  Right to Information Act
- B.
  
  Mahatma Gandhi National Rural Employment Guarantee Act
- C.
  
  Right to Education Act
- D.
  
  Pre-Conception and Prenatal Diagnostic Techniques Act
9.

What was the major victory for developing countries on the matter of TRIPS (Trade-related aspects of intellectual property rights) at Doha Meet?
- A.
  
  Power to award exemption from patent regime in interest of public health
- B.
  
  Postponement of the issue of labour standards
- C.
  
  Special dispensation for least developed countries
- D.
  
  None of these
10.

Among the following, which condition need not be satisfied for asserting an offence under the Prevention of Money Laundering Act, 2002?
- A.
  
  Proceeds or gains from the crime must be there
- B.
  
  Transaction must be there in respect of the proceeds of crime
- C.
  
  The crime must have been committed beyond the boundaries of country
- D.
  
  None of these