Economics: Indian Economy Quiz!

1.

What would be the development goal of a person who depends only on rain for growing crops?
- A.
  
  Timely rain
- B.
  
  Better irrigation facilities
- C.
  
  Hand pump
- D.
  
  All of the above
Correct Answer
B. Better irrigation facilities

Explanation
A person who depends only on rain for growing crops would benefit from having better irrigation facilities. This is because relying solely on rain can be unpredictable and may not provide enough water for the crops. By having better irrigation facilities, the person can ensure a consistent and sufficient water supply for their crops, leading to better growth and yield. Additionally, having better irrigation facilities can also help in managing water efficiently and reducing water wastage.

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2.

The development of a country can generally be determined by:
- A.
  
  Per capita income
- B.
  
  Average literacy rate
- C.
  
  Health status of people
- D.
  
  All of the above
Correct Answer
D. All of the above

Explanation
The development of a country can generally be determined by factors such as per capita income, average literacy rate, and health status of people. Per capita income reflects the average income earned by individuals in a country, indicating their economic well-being. The average literacy rate indicates the level of education and knowledge within a country, which is crucial for social and economic development. The health status of people reflects the overall well-being and quality of life, including access to healthcare, life expectancy, and disease prevalence. Therefore, considering all of these factors together provides a comprehensive assessment of a country's development.

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3.

Which of the following neighboring countries has better performance in terms of human development than India?
- A.
  
  Bangladesh
- B.
  
  Nepal
- C.
  
  Sri Lanka
- D.
  
  Pakistan
Correct Answer
C. Sri Lanka

Explanation
Sri Lanka has better performance in terms of human development than India. This can be attributed to several factors such as Sri Lanka's higher literacy rate, lower poverty rate, and better healthcare system compared to India. Sri Lanka has made significant progress in improving its education and healthcare sectors, resulting in better overall human development indicators. Additionally, Sri Lanka has also achieved higher life expectancy and lower infant mortality rates compared to India.

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4.

Per capita income is also known as ________

Correct Answer
Average Income

Explanation
Per capita income refers to the average income earned by each individual in a specific population. It is calculated by dividing the total income of a country or region by its total population. Therefore, the correct answer is "Average Income" as it accurately represents the concept of per capita income.

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4
5.

Which of the following state has highest literacy rate?
- A.
  
  Kerala
- B.
  
  Punjab
- C.
  
  Bihar
- D.
  
  Jammu and Kashmir
Correct Answer
A. Kerala

Explanation
Kerala has the highest literacy rate among the given states. This can be attributed to the state's strong emphasis on education and investment in its educational infrastructure. Kerala has consistently prioritized education, resulting in a high literacy rate. The state has a well-developed schooling system, with a high number of schools and colleges. Additionally, Kerala has a high literacy rate due to its focus on female education and its efforts to eradicate illiteracy through various government initiatives and campaigns.

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6.

The HDI stand for:
- A.
  
  Heavy Developed Industrial
- B.
  
  Highly Developed Infrastructure
- C.
  
  High Developed Index
- D.
  
  Human Development Index
Correct Answer
D. Human Development Index

Explanation
The HDI stands for Human Development Index. It is a measure used to assess and compare the development levels of different countries. The index takes into account factors such as life expectancy, education, and income to provide a comprehensive picture of a country's overall development. The HDI is widely recognized and used by international organizations and governments to track progress and identify areas for improvement in terms of human development.

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7.

Which of the following countries has the largest crude oil reserves?
- A.
  
  Russia
- B.
  
  USA
- C.
  
  India
- D.
  
  Middle East
Correct Answer
D. Middle East

Explanation
The Middle East has the largest crude oil reserves compared to the other countries listed. This region is known for its abundant oil reserves, with countries like Saudi Arabia, Iraq, and Iran having significant oil reserves. These countries have been major players in the global oil industry for many years and continue to play a crucial role in the global oil market.

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8.

HDI is calculated by which organisation?
- A.
  
  UNDP
- B.
  
  World Bank
- C.
  
  IMF
- D.
  
  WHO
Correct Answer
A. UNDP

Explanation
The Human Development Index (HDI) is a measure of a country's overall development and well-being. It takes into account factors such as life expectancy, education, and income. The United Nations Development Programme (UNDP) is responsible for calculating and publishing the HDI. They collect data from various sources and use a standardized methodology to calculate the index. The HDI is widely recognized and used by governments, organizations, and researchers to assess and compare the development levels of different countries. The World Bank, IMF, and WHO are important organizations in their respective fields but are not directly involved in calculating the HDI.

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9.

What money cannot buy?
- A.
  
  Medicine
- B.
  
  Clothes
- C.
  
  Pollution-free environment
- D.
  
  None of the above
Correct Answer
C. Pollution-free environment

Explanation
Money cannot buy a pollution-free environment. While money can be used to implement measures to reduce pollution and protect the environment, it cannot completely eliminate pollution or guarantee a pollution-free environment. Pollution is a complex issue that requires collective efforts, policy changes, and sustainable practices rather than just financial resources. Thus, money alone cannot buy a pollution-free environment.

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Economics: Indian Economy Quiz!

What would be the development goal of a person who depends only on rain for growing crops?

The development of a country can generally be determined by:

Which of the following neighboring countries has better performance in terms of human development than India?

Per capita income is also known as ________

Which of the following state has highest literacy rate?

The HDI stand for:

Which of the following countries has the largest crude oil reserves?

HDI is calculated by which organisation?

What money cannot buy?