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 : Which of the following best indicates economic growth of a Nation? (1) Agriculture income (2) Per capita income (3) Gross industrial production (4) Inflation
Last Answer : (2) Per capita income Explanation: Some economists believe that economic growth is meaningless if it is not distributed across different segments of population. So per capita income is considered by ... Gross Domestic Product (GDP) is the most comprehensive measure of over-all economic performance.
Last Answer : Per capita income
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 : 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 : Inequality of Income is measured by: A. Human development index B. Gini Coefficient C. Per Capita Income D. Physical Quality of Life Index
Last Answer : B. Gini Coefficient
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 measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : per capita income at constant prices
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 : 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 : The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at: A. Current Prices B. Constant Prices C. Both of the above D. None of the above
Last Answer : B. Constant Prices
Description : The income level of residents in a country is indicated by _______. A. gross national income. B. gross domestic product. C. per capita gross national income. D. per capita gross domestic product
Last Answer : C. per capita gross national income.
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 There is no single definition that can define the term economic growth. However, there are various indicators that explain the term
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 : 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
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 : Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : (4) Net National Product Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= ... Since NNP counts only the net additions to the nation's stock, it is less than GNP.
Description : An individual's actual standard of living can be assessed by - (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : (3) Per Capita Income Explanation: The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real ... GDP increases a nation's standard of living providing that output rises faster than the total population.
Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.
Description : Gross National Product – Depreciation Allowance = ? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : Net National Product
Description : An individual’s actual standard of living can be assessed by (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : Per Capita Income
Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : Per capita income of citizens
Last Answer : According to the Economic Survey 2018, the current per capita income of the country is 1852. Dollars.
Description : Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.
Description : Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : Increase in per capita income of people of country
Description : Which of these are not included in territory sector? A. Banking B. Insurance C. Agriculture D. Transport
Last Answer : C. Agriculture
Description : Which of the following explains the term economic development? A. Improvement in the technology involved B. Improvement in production C. Improvement in distribution system D. All the above
Last Answer : D. All the above
Description : When National Income is calculated with reference to a base year, it is called: A. Nominal National Income B. Net National Income C. Real National Income D. Gross National Income
Last Answer : C. Real National Income
Description : If an economy is under developed, it means: A. Agriculture is the main occupation B. Standard of living of people is low C. Production Techniques are backward and obsolete D. All of the above
Last Answer : B. Standard of living of people is low
Last Answer : D. All of the above
Description : Which of the following results by dividing national income by size of population? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure- (4) Per capita production
Last Answer : (1) Per capita income Explanation: Per capita income or average income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by ... in the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : Which of the following results by dividing national income by size of population ? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure (4) Per capita production
Description : What makes India an underdeveloped economy? A. Low Human Development B. High Poverty level C. Dominant Agriculture sector D. All of the above
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : Indicator of HDI is: A. Longevity B. Educational Attainment C. Standard of Living D. All of the above
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 : 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 : 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 : 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 : 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.