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Economics MCQ

The document consists of a series of questions related to economics and development, covering topics such as income calculation, human development reports, and various assertions and reasoning scenarios. It includes multiple-choice questions aimed at assessing understanding of economic concepts and development goals. The questions address issues like per capita income, underemployment, and the importance of sustainable development.

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0% found this document useful (0 votes)
29 views5 pages

Economics MCQ

The document consists of a series of questions related to economics and development, covering topics such as income calculation, human development reports, and various assertions and reasoning scenarios. It includes multiple-choice questions aimed at assessing understanding of economic concepts and development goals. The questions address issues like per capita income, underemployment, and the importance of sustainable development.

Uploaded by

abdul045007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ECONOMICS

CHAPTER 1
DEVELOPMENT
1. Assume there are four families in your locality. The average per capita income of these families is
Rs. 10000. If the income of three families is Rs. 4000, Rs. 6000 and Rs. 8000 respectively. What is the
income of fourth family?
a. Rs. 5000 b. Rs. 10000 c. Rs. 12000 d. Rs. 15000
2. Two statements are given in the question below as Assertion (A) and Reasoning (R). Read the
statements and choose the appropriate option
Assertion (A): different people have different development goals.
Reason (R): people want freedom equality security and respect.
Options:
a) Both A and R are true, and R is the correct explanation of A.
b) Both A and R are true, but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true
3. Two statements are given in the question below as Assertion (A) and Reasoning (R). Read the
statements and choose the appropriate option
Assertion (A): human development report is published by UNDP.
Reason (R): UNDP stand for United Nations Development Press.
Options:
a) Both A and R are true, and R is the correct explanation of A.
b) Both A and R are true, but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true
4. If BMI is less than 18.5 then the person would be considered:
(a) over weight (b) long height (c) under nourished (d) short height
5. Ram wants more days of work and better wages; local school is able to provide quality education for
their children; there is no school discrimination and they too can become leaders in the village. Ram
belong to which category—
(a) Landless rural labours (b) Prosperous farmers
(c) Landless workers (d) Urban unemployed
6. Assertion (A): Ground water is an example of renewable resources.
Reason(R): if we use more than what is being replenished by rain then we would be overusing this
resource.
Options:
a) Both A and R are true, and R is the correct explanation of A.
b) Both A and R are true, but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true
7. Development of a country can generally be determined by –
(a) Its per capita income (b) Its average literacy level
(c) Health status of its people (d) All of the above
8. Different persons could have different as well as conflicting notions of a country’s development. A
fair and just path for all should be achieved. Interpret the concept being discussed here.
(a) Social development (b) Cultural development
(c) National development (d) Economic development
9. Shyam works to transport the goods after manufacturing in factory. He bring the goods and store
them. He gives them to shopkeeper. In which sector, Shyam is working?
(a) Primary (b) Secondary (c) Tertiary (d) None of these
10. What will be the top priority in the developmental goal of a landless labourer?
(a) Expansion of rural banking (b) More days of work and better wages
(c) Metal roads for transportation (d) Establishment of a high school
11. Net Attendance Ratio is the total number of children of the age group ________ attending school
as a percentage of the total number of children in the same age group.
A) 17 and 18 years B) 9 and 10 years
C) 12 and 13 years D) 14 and 15 years
12. Underemployment occurs when people:
(a) do not want to work (b) are working in a lazy manner
(c) are working less than what they are capable of doing (d) are not paid for their
work
13. Assertion (A) :- Mohan works 5 days a week , receives her income on a last day of each month and
gets medical facilities from his firm.
Reason (R) :- Mohan is working in organized sector.
(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A) .
(B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A) .
(C) Assertion (A) is true but Reason (R) is false.
(D) Assertion (A) is false but Reason (R) is correct.
14. Assertion (A) Sustainable development is a crucial step for the development of a country.
Reason ( R ) Sustainability is the capability to use the resources judicious and maintain ecological
balance.
(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A) .
(B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A) .
(C) Assertion (A) is true but Reason (R) is false
(D) Assertion (A) is false but Reason (R) is correct
15. Assertion (A): Developmental goals that people have are not only about better income but also
about other important things in life.
Reason (R): A safe and secure environment may allow more women to take up a variety of jobs or run
a business.
(A) Both assertion (A) and reason (R) are true and reason (R) is the correct Explanation of assertion
(A).
(B) Both assertion (A) and reason (R) are true but reason (R) is not the correct Explanation of
assertion (A).
(C) Assertion (A) is true but reason (R) is false.
(D) assertion (A) is false but reason (R) is true
16. To compare the development of countries, their _______ is considered to be one of the most
important attributes.
A)income B) population C) demographics D) none of the above
17. In World Development Reports, brought out by the_________, per capita income criterion is used
in classifying countries.
A) UNICEF B) World Bank C) World Economic Forum. D) United Nations
18. Infant Mortality Rate (IMR) indicates the number of children that die before the age of
____________ as a proportion of 100 live children born in that particular year.
A) four years B) one year C) two years D) three years
19. Human Development Report published by UNDP compares countries based on _________.
A) health status B) per capita income
C) educational levels of the people D) all of the above
20. For a famous businessman's mall-building project, a slum in Mumbai is being cleared and its
people displaced, with only a small payment for their land. There have been protests and a Public
Interest Litigation has been filed in the court. What should the local government do?
A. cancel the project B. forcefully remove the people
C. arrest the protesters D. wait for the court's judgement
21. Following questions consist of two statements – Assertion (A) and Reason (R). Answer these
questions selecting the appropriate option given below:
Assertion: Natural gas is referred as an environment friendly fuel.
Reason: Natural gas contains low carbon dioxide emissions.
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
22. Assertion Reasoning Based Questions Read the following statements: Assertion (A) and Reason
(R). Choose one of the correct alternative.
Assertion (A) : Kerala has a low Infant Mortality Rate.
Reasons (R) : Kerala lacks the provision of basic health and educational facilities.
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
(A).
(b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A).
(c) Assertion (A) is true but Reason (R) is false.
(d) Assertion (A) is false but Reason (R) is true
23. Which of the following groups of people are likely to have the MOST conflicting developmental
goals?
A. students and teachers B. tribals and industrialists
C. small farmers and large farmers D. municipal corporations and road-construction companies
24. Total income of the country divided by its total population is known as
(a) Capital Income (b) National Income (c) Per capita income (d)
GDP
25. Which of the following is the best example of a public good?
A. medicines and injections B. houses and furniture
C. books and stationary D. law and order
26. Welfare economics is the branch of economics that seeks to evaluate economic policies in terms of
their effects on the well-being of the community. Which of the following improvements to your
locality would NOT align with this view of welfare?
A.vaccinating the stray dogs in the area
B.building ramps in the society to aid the disabled
C.providing safety equipment to the garbage collectors
D.opening a park for people who can pay the membership fees
27. Human Development Report is Published by……..
A. UNDP B. World Bank C. IMF D. WHO
28. Ram is 21 years old, he is 5’9” and weighs 48 kgs. While the selection for the cricket team was
going on, the coach told him that he is underweight. On what grounds did the coach tell him this?
(a) His age (b) His weight (c) His body weight ratio (d) His Body Mass Index
29. More days of work and better wages; local school is able to provide quality education for their
children; there is no social discrimination and they too can become leaders in the village. The above
Developmental Goals falls under which category of person?
(a) An adivasi from Narmada valley (b) Landless rural labourers
(c) Prosperous farmers from Punjab (d) Farmers who depend only on rain for growing crops
30. Statement I: Human Development Report is published by UNDP.
Statement II: Groundwater is an example of renewable resources.
Statement III: Non-renewable resources are those which will get exhausted after few years of use.
Statement IV: The national income of a country is also called per capita income.
(a) Statement (i) and (ii) are right. (b) Statement (i), (ii) and (iii) are right.
(c) Statement (iii) is right. (d) Only statement (iv) is right.
31. As per the data given above which state would be considered as the least developed?

PER CAPITA INCOME OF


SELECT STATES
State Per Capita Income for
2018–19 (in ₹)
Bihar 40,982
Kerala 2,04,105
Haryana 2,36,147
(a) Bihar and Kerala (b) Kerala (c) Bihar (d) Haryana
32. Assertion (A) Since the second half of the twentieth century, scientists have been warning that the
type and levels of development are not sustainable.
Reason (R) In the name of development, natural resources are exploited at a fast rate leading to their
depletion.
Codes
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
33. Read and choose the correct term that relates to the given information: This refers to using natural
resources in a manner so that they can be used by the present and future generations. This issue is
important for development because if the natural resources are not used carefully, they may not be
available for future generations.
(a) Economic Development (b) Sustainable Development
(c) Environmental Development (d) None of these
34. Choose the correct match from Column I and Column II
Column A Column B
Category of person Developmental goals/Aspirations
(a) Landless rural labourers (i) Regular job, high wages to increase her
income
(b) Prosperous farmers from Punjab (ii)Availability of other sources of irrigation
(c) Farmers who depend only on rain for (iii) Assured a higher support price for their
growing crops crops
(d) A rural woman from a landowning family (iv) More days of work and better wages
(a) a-i; b-ii; c-iii; d-iv (b) a-iv; b-iii; c-ii; d-i
(c ) a-iii; b-iv; c-i; d-ii (d) a-iv; b-ii; c-i, d-iii
35. Assume there are four families in a country. The average per capita income of these families is
*5,000. If the income of three families is ₹ 4,000, 7,000 and 3,000 respectively, what is the income of
the fourth family?
(a) 7,500 (b) 3,000 (c) 2,000 (d) 6,000
36. Read the following data and select the appropriate option from the following.

Educational Achievements of the Rural Population of Uttar Pradesh


Category Male Female
Literacy rate for the rural population 76% 54%
Literacy rate for rural children in the age group 10-14 years 90% 87%
Percentage of rural children aged 10-14 years attending school 85% 82%

How much percentage of girls are not attending school?


(a)81% (b) 61% (c )69% (d) 18%

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