Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income
Last Answer : D. Per Capita Income
Description : Explain the concepts of Human Development Index (HDI) and that of the per capita income. -SST 10th
Last Answer : In Human Development Index and Per Capita Income, the status of countries' development is measured but both are quite different. (i) Human Development Index :- Prepared by the U.N.D.P. It consists of ... than Rs. 453,000 is called rich and those whose income is below Rs. 37000 are called poor.
Description : Per capita income of is higher where as human development index of a. Maharashtra, Kerala b. Kerala, Maharashtra c. both are correct. d. both are incorrect.
Last Answer : a. Maharashtra, Kerala
Description : Which state has the highest Per Capita Income in India? A. Delhi B. Punjab C. Bihar D. Goa
Last Answer : D. Goa
Description : What makes India a developing economy? A. Rise in National Income B. Rise in Per Capita Income C. Growing Capital Income D. All of the above
Last Answer : A. Rise in National Income
Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above
Last Answer : C. State of deprivation of large proportion of population
Description : Which of the following explains the term economic growth? A. Increase in per capita production B. Increase in per capita real income C. Structural change in the economy D. All the above are right
Last Answer : D. All the above are right
Description : Which of the following explains economic growth: A. Increase in per capita production B. Increase in per capita real income C. structural change in the economy D. all the above are right
Last Answer : D. all the above are right
Description : In India, Inflation measured by the : A. National Income Deflation B. Wholesale Price Index number C. Consumer Price Index D. None of above
Last Answer : C. Consumer Price Index
Description : State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : (2) the extent of inflation in the prices of consumer goods Explanation: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households ... , pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.
Description : State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : the extent of inflation in the prices of consumer goods
Description : Why Kerala has a better human development ranking than Punjab in spite of lower per capita income? -SST 10th
Last Answer : Kerala has lower per capita income but better human development ranking than Punjab because of many factors. Kerala has the highest literacy rate in the country. The Infant Mortality ... Kerala has better health and educational infrastructure than Punjab. Kerala also has better public facilities.
Description : Why Kerala has a better human development ranking than Punjab in spite of lower per capita income ? -SST 10th
Last Answer : Kerala has a better human development ranking than Punjab inspite of lower per capita income because it has adequate provision of basic health and educational facility. This results in: (i) Lower mortality rate. (ii) Higher literacy rate. (iii) Gross Enrolment ratio is higher.
Description : Assertion(A): Per capita Income is not a useful criterion and should not be used as measure of development. Reason( R) :Kerala with lower per capita income has a better human development ranking than Haryana. a) Both A ... of A. c) A is correct but R is wrong. d) A is wrong but R is correct.
Last Answer : b) Both A and R are true and R is the not correct explanation of A.
Description : Which of the following denotes an underdeveloped economy? A. High level of inequality B. Low level of capital productivity C. A relatively closed economy D. All the above
Last Answer : D. All the above
Description : Which of the following is NOT an indicator of economic development? (1) Increased per capita income (2) Decreased infant mortality (3) Increased life expectancy at birth (4) Decreased women participation in job marke
Last Answer : (4) Decreased women participation in job market
Description : In what ways can ypu see the high gini coefficant numbers for south America in everyday life?
Last Answer : Luxury and poverty located very close to each other.
Description : Is per capita income a true measure of development? Elaborate. -SST 10th
Last Answer : (i) Per capita income is the average income. It is income per head of the population per year. (ii) Per Capita Income = Total income of country/Total population (iii) It is ... indicators of development. (d) Pollution free environment, less corruption, gender equality etc. are also important.
Description : The term 'Green GNP' emphasises - (1) rapid growth of GNP (2) increase in per capita income (3) economic development (4) sustainable development
Last Answer : (4) sustainable development Explanation: The gross national product (GNP) measures the welfare of a nation's economy through the aggregate of products and services produced in that nation, Although ... national product that would indicate if activities benefit or harm the economy and well-being.
Description : Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : (1) Per capita monetary income Explanation: A majority of economists such as Simon Kuznets, Meter and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable ... economic growth is meaningless if it does not improve the standard of living of the common masses.
Description : Which of the following is a better measurement of Economic Development? (1) GDP (2) Disposable income (3) NNP (4) Per capita income
Last Answer : (4) Per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It is calculated by taking a ... individuals and nation. Besides, it helps to show the level of inequality in a society or country.
Description : Poverty line is expressed in terms of an overall _______ A. Per capita Income B. Per Capita consumption expenditure C. Per Capita entertainment expenditure D. Per Capita development expenditure E. Per Capita GDP
Last Answer : B. Per Capita consumption expenditure Explanation: In India consumption-expenditure has been made the basis for the measurement of the minimum standard. The usual method is to fix a poverty level. This level is expressed in terms of an overall per capita consumption-expenditure.
Description : The picture above explains a. we cannot take national income as indicator for development. b. per capita income is better measure for development. c. average income hide disparities. d. none of the above
Last Answer : c. average income hide disparities.
Description : While making comparative study of development amongst Indian states following criterion is used: a. per capita income and literacy rate b. Literacy rate, per capita income and net attendance ratio. c. ... rate d. per capita income, literacy rate , net attendance ratio and infant mortality rate.
Last Answer : d. per capita income, literacy rate , net attendance ratio and infant mortality rate.
Description : While making comparative study of development amongst Indian states following criterion is used: a. per capita income and literacy rate b. Literacy rate, per capita income and net attendance ratio. c. ... rate d. per capita income ,literacy rate , net attendance ratio and infant mortality rate.
Last Answer : d. per capita income ,literacy rate , net attendance ratio and infant mortality rate.
Description : Which is the parameter for the economic development ? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : Per capita monetary income
Description : Which of the following is a better measurement of Economic Development ? (1) GDP (2) Disposable income (3) NNP (4) Per capita income
Last Answer : Per capita income
Description : The term ‘Green GNP’ emphasises (1) rapid growth of GNP (2) increase in per capita income (3) economic development (4) sustainable development
Last Answer : sustainable development
Description : National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three
Last Answer : B. Money value
Description : The most formal definition of marketing is ________. A. Meeting needs profitably B. Identifying and meeting human and social needs C. The four Ps (product, price, place, promotion) D. ... ways that benefit the organization and its stakeholders. E. Improving the quality of life for consumers
Last Answer : D. An organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.
Description : As per the doctrine of caveat emptor incorporated in Section 16, there is no implied conditions or warranty in a contract of sale as to the A. Merchantability. B. Wholesomeness. C. Quality or fitness for buyer's purpose. D. None of these.
Last Answer : C. Quality or fitness for buyer's purpose.
Description : As per section 2(12), of the Sale of Goods Act, quality of goods includes A. State of goods B. Conditions of goods C. Both (a) and (b) D. None of above
Last Answer : C. Both (a) and (b)
Description : Does the higher per capita intelligence near prestigious schools improve quality of life?
Last Answer : I'll quibble with the wording. But, having lived in and visited many places, some with very good universities, and some not, I'm going to say yes. At least, for my tastes, and the things I ... arts and studies and people doing what they're interested in, learning and all that comes with all of that.
Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.
Last Answer : C. The total value of goods and services measured at current prices
Description : Sales for desired profit is measured as A. (Fixed cost + profit)/ (P/V Ratio) B. (Fixed cost + profit) * (P/V Ratio) C. (Fixed cost - profit)/ (P/V Ratio) D. None of the above
Last Answer : A. (Fixed cost + profit)/ (P/V Ratio)
Description : Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis. A. Output, Input B. Output, Output C. Input, Output D. None of the above
Last Answer : C. Input, Output
Description : .Which of the following statements are true about labour idle time? A. Labour idle time variance is not caused by non-availability of raw material B. Labour idle time variance is measured as : Abnormal ... hourly rate C. Labour idle time variance is always unfavorable or adverse D. All of the above
Last Answer : C. Labour idle time variance is always unfavorable or adverse
Description : Sales margin variance due to sales quantities is measured as A. Standard profit - Revised standard profit B. Revised standard profit - Budgeted profit C. Standard profit + Revised standard profit D. Revised standard profit + Budgeted profit
Last Answer : B. Revised standard profit - Budgeted profit
Description : The sub-variance of material usage variance, known as Material mix variance is measured as A. Total standard cost - Total actual cost B. Standard cost of revised standard mix - Standard cost of ... unit price) * Actual quantity used D. (Standard quantity - Actual quantity) * Unit standard price
Last Answer : B. Standard cost of revised standard mix - Standard cost of actual mix
Description : Does this graph of median income and per capita GDP pretty much say it all?
Last Answer : answer:You might find the Gini coefficient interesting. We keep some bad company in the income inequality department. But don’t worry. If you work hard enough you will be rich someday. ~
Description : What is per capita income? -SST 10th
Last Answer : When the total national income is divided by the total population, it is called the per capita income. Per Capita Income = National Income / Population .
Description : Why are the countries of the Middle East not called ‘developed’ inspite of high per capita income ? -SST 10th
Last Answer : (i) These are small countries. (ii) The gap between rich and poor is very high, (iii) Though per capita income in Middle East countries is very high but there is unequal ... Development Report brought out by the World Bank has excluded these countries from the list of developed countries.
Description : Besides size of per capita income, -SST 10th
Last Answer : Besides the size of per capita income, there is purchasing power parity as it shows the ability of people to purchase items and their behavior too must not be ignored in this case. In ... be included like gross domestic product, infant mortality rate, distribution of income and many more things.
Description : Look at data in Tables 1.3 and 1.4. Is Punjab ahead of Bihar in literacy rate etc. as it is in terms of per capita income ? Table 1.3: Per Capita Income of Select States -SST 10th
Last Answer : We can notice that Infant mortality rate is 25, 12, and 43 in different states named Maharashtra, Kerala, and Bihar respectively. Literacy rate is 82, 94 and 62 in the same states and if we talk ... top in literacy rate and Bihar is very far from these two states if we compare the literacy rate.
Description : Why are countries of the Middle East not called ‘developed’ inspite of high per capita income? -SST 10th
Last Answer : Although countries of Middle East are very rich countries due to oil reserves and production, money alone is not an indicator of development. Along with money there are other aspects ... social aspects like individual freedom, democracy, gender equality which are not available in those countries.