Economic And Social Development Quiz For Students!

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| By Tanmay Shankar
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Tanmay Shankar
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Economic And Social Development Quiz For Students! - Quiz

Are you an economics student and think that you have a lot of information when it comes to economic and social development? Then all you need to do is to take up the quiz below and get to see just how much you know about the topic, or you may need a tutor before you tackle the upcoming exam.


Questions and Answers
  • 1. 

    The functions of RBI are?1. Lender of the last resort. 2. Issue of bank notes of all denominations. Choose the correct code:

    • A.

      Only 1

    • B.

      Only 2

    • C.

      Both 1 and 2

    • D.

      Neither 1 nor 2

    Correct Answer
    C. Both 1 and 2
    Explanation
    The correct answer is "Both 1 and 2". The Reserve Bank of India (RBI) acts as the lender of the last resort, which means it provides emergency funds to banks and financial institutions when they face liquidity shortages. Additionally, the RBI is responsible for issuing banknotes of all denominations in India. Therefore, both functions mentioned in options 1 and 2 are performed by the RBI.

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  • 2. 

    Among the following, which explanation for India’s growing population may not be relevant?

    • A.

      Girls forced to get married below the legally permissible age

    • B.

      Large proportion of population is in the reproductive age group

    • C.

      Unmet needs of contraception

    • D.

      Rampant use of sex determination tests

    Correct Answer
    D. Rampant use of sex determination tests
    Explanation
    The explanation for India's growing population that may not be relevant is the rampant use of sex determination tests. While sex determination tests may contribute to a preference for male children and potentially affect the gender ratio, it does not directly impact the overall population growth. The other options, such as girls forced to get married below the legal age, a large proportion of the population in the reproductive age group, and unmet needs of contraception, are all factors that can contribute to population growth.

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  • 3. 

    What do we mean by the concept of Total Fertility Rate (TFR) in population?

    • A.

      The average number of children born to an adult male during his lifetime

    • B.

      The average number of children born to a woman during her lifetime

    • C.

      The average rate of growth of population

    • D.

      None of these

    Correct Answer
    B. The average number of children born to a woman during her lifetime
    Explanation
    The concept of Total Fertility Rate (TFR) refers to the average number of children born to a woman during her lifetime. This measure helps to understand the fertility patterns and trends in a population. It provides valuable information for policymakers and demographers to assess population growth, plan healthcare services, and develop strategies for social and economic development.

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  • 4. 

    What do we understand, 'India has achieved national food security but has not ensured household food security'?

    • A.

      Food production has shown a rise but per capita availability has decreased

    • B.

      Each household does not have a buffer stock

    • C.

      There is adequate food stock but all households do not have access to it

    • D.

      None of these

    Correct Answer
    C. There is adequate food stock but all households do not have access to it
    Explanation
    The correct answer suggests that India has achieved national food security, meaning that there is an adequate food stock available in the country. However, it also states that not all households have access to this food stock, indicating that while there may be enough food at a national level, there are still households that do not have enough food to ensure household food security. This could be due to issues such as unequal distribution or lack of affordability.

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  • 5. 

    What is the long-term objective of National Population Policy 2000?

    • A.

      To bring the Total Fertility Rate to replacement levels

    • B.

      To cover entire population in the reproductive age with contraceptive & health care

    • C.

      To achieve stable population at a level consistent with the prerequisite of sustainable economic growth

    • D.

      None of these

    Correct Answer
    C. To achieve stable population at a level consistent with the prerequisite of sustainable economic growth
    Explanation
    The long-term objective of the National Population Policy 2000 is to achieve a stable population at a level that is in line with the requirements for sustainable economic growth. This means that the policy aims to control population growth in order to ensure that resources are not overstrained and that economic development can be sustained in the long run. This objective recognizes the importance of balancing population growth with the capacity of the economy to support it.

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  • 6. 

    Consider the following statements regarding the National Agricultural Policy, 2000:1. Impetus is laid on the development of animal husbandry, dairying, aquaculture and poultry2. It seeks to encourage sustainable agricultureChoose the correct code:

    • A.

      Only 1

    • B.

      Only 2

    • C.

      Both 1 and 2

    • D.

      Neither 1 nor 2

    Correct Answer
    C. Both 1 and 2
    Explanation
    The National Agricultural Policy, 2000 focuses on the development of animal husbandry, dairying, aquaculture, and poultry, which is mentioned in statement 1. It also aims to encourage sustainable agriculture, as mentioned in statement 2. Therefore, both statements 1 and 2 are correct, making the answer "Both 1 and 2".

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  • 7. 

    Which of the following is not one of the proposals under the National Textile Policy (2000)?

    • A.

      De-reserve the garment industry from SSI category

    • B.

      Winding up the National Textile Corporation & disposing of its assets

    • C.

      Establish a Technology Mission for Cotton to augment cotton productivity by at least 50%

    • D.

      Permit foreign companies to make 100% investment

    Correct Answer
    B. Winding up the National Textile Corporation & disposing of its assets
    Explanation
    The correct answer is "Winding up the National Textile Corporation & disposing of its assets". This proposal is not included in the National Textile Policy (2000). The other options, such as de-reserving the garment industry from the SSI category, establishing a Technology Mission for Cotton, and permitting foreign companies to make 100% investment, are all proposals that are mentioned in the policy.

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  • 8. 

    Why has the share of agriculture in the national output declined from 57% to less than 20%?

    • A.

      The share of other sectors has amplified reducing the weightage for agriculture

    • B.

      There has been a decline in productivity in agriculture

    • C.

      Liberalization has led to significant import of agricultural products

    • D.

      None of these

    Correct Answer
    A. The share of other sectors has amplified reducing the weightage for agriculture
    Explanation
    The correct answer is that the share of other sectors has amplified, reducing the weightage for agriculture. This means that other sectors of the economy, such as manufacturing and services, have grown in importance and have taken up a larger share of the national output. As a result, the share of agriculture in the national output has declined. This could be due to various factors, such as technological advancements, changes in consumer preferences, and the overall development of the economy.

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  • 9. 

    The 2011 National Manufacturing Policy seeks to augment the share of manufacturing in Gross Domestic Product of India to 25% within a decade. Which of the following steps are being taken to achieve this goal?1. Promote foreign investment & technology2. Strengthen the competitiveness of the enterprises inIndiaSelect the correct code:

    • A.

      Only 1

    • B.

      Only 2

    • C.

      Both 1 and 2

    • D.

      Neither 1 nor 2

    Correct Answer
    C. Both 1 and 2
    Explanation
    The correct answer is Both 1 and 2. The 2011 National Manufacturing Policy aims to increase the share of manufacturing in India's GDP to 25% within a decade. To achieve this goal, the policy focuses on promoting foreign investment and technology, as well as strengthening the competitiveness of enterprises in India. By attracting foreign investment and technology, India can benefit from advanced manufacturing practices and increase its production capabilities. Additionally, by improving the competitiveness of domestic enterprises, India can enhance its manufacturing sector and contribute to the overall GDP growth.

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  • 10. 

    Choose the correct statement:1. Ground water irrigation in India suffers from over-exploitation in most states, mainly in the North West.2. Reforms in power sector will advance the overall ground water situation in the country.Code:

    • A.

      Only 1

    • B.

      Only 2

    • C.

      Neither 1 nor 2

    • D.

      Both 1 and 2

    Correct Answer
    D. Both 1 and 2
    Explanation
    Both statements 1 and 2 are correct. Statement 1 states that ground water irrigation in India suffers from over-exploitation in most states, mainly in the North West. This is true as several states in India, particularly in the North West region, face issues of over-extraction of ground water for irrigation purposes. Statement 2 states that reforms in the power sector will advance the overall ground water situation in the country. This is also true as implementing reforms in the power sector can lead to more efficient use of water resources, reducing wastage and promoting sustainable groundwater management.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Dec 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 08, 2015
    Quiz Created by
    Tanmay Shankar
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