Tag: economics

Questions Related to economics

A person living in Urban area is considered to be below poverty if his monthly income if below _________.

rural development poverty rural economics economics

  1. Rs. $2000$

  2. Rs. $5000$

  3. Rs. $225$

  4. Rs. $265$

Show answer
Correct Option: D

In which state the percentage of people living below poverty line is the largest? (Census 2010-11)

rural development poverty rural economics economics

  1. Odisha

  2. Bihar

  3. M.P

  4. U.P

Show answer
Correct Option: B
Explanation:

As per Census 2010-11 data, the percentage of population living below povery line is the highest in Bihar at 39.40%.

Which factor of production brings together the other factors of production in order to produce economic goods and services?

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Land

  2. Labourer

  3. Capital

  4. Entrepreneur

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Correct Option: D
Explanation:

Entrepreneur uses his/her skills and knowledge to bring together all the other factors of production in order to produce goods and services in the economy.

Which of the following quality is attributable to social entrepreneurs ? 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Visionaries

  2. One man show

  3. Rationalist

  4. Rich and powerful

Show answer
Correct Option: A
Explanation:

Visionaries: Social entrepreneurs often seem to be possessed by their ideas,committing their lives to changing the direction of their field. they are visionaries and concerned with the practical implementation of their vision above all else.

Who among the following has given definition of social entrepreneurship ?

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Greg Dugouts

  2. Greg Dees

  3. Dee Maria

  4. Susan B. Anthony

Show answer
Correct Option: B
Explanation:

Greg Dees ,co-founder of the Center for the Advancement of Social Entrepreneurship at Duke University and a member of the Impact Entrepreneurs advisory board,wrote the definition of social entrepreneurship.

Leading historical Social entrepreneur who fought for women's right in United States ? 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Dr. Maria Montessori

  2. Susan Dees

  3. Margaret Sanger

  4. Susan B. Anthony

Show answer
Correct Option: D
Explanation:

Susan B Anthony (U.S) fought for Women' Rights in the US ,including the right to control property and helped sprearhead adoption of the 19th amendment.

Social entrepreneurship is a revolution occurring around the world, where people from all walks of life are ____________________________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. developing and implementing innovative, effective and sustainable solutions in response to government's role

  2. developing and implementing innovative, effective and sustainable solutions in response to social and charitable challenges

  3. developing and implementing innovative, effective and sustainable solutions in response to social and environmental challenges

  4. developing and implementing effective and sustainable solutions in response to taxation environment challenges.

Show answer
Correct Option: C
Explanation:

Social entrepreneuship is a global revolution where individuals (known as social entrepreneurs) developed and implemented innovative and effective solutions to society's most pressing social problems. They are ambitious and persistent with regards to tackling major environmental issues around the world.

Social entrepreneurs are individuals with innovative solution to  _____________________. 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. society's most pressing social problems.

  2. society's most common problems

  3. social problems that are not still solved

  4. social problems that are not subject to Court proceedings.

Show answer
Correct Option: A
Explanation:

Social entrepreneurs are individuals with innovative solution to society's most pressing social problems.They are ambitious and persistent.They can tackle major social issues and offer new ideas for wide-scale change.

A social entrepreneurship organization uses methods in an innovative way to address: 
X. Social problem 
Y. Environmental problem 
Select the correct answer from the options given below - 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. $Y$ only

  2. Neither $X$ nor $Y$

  3. $X$ only

  4. Both $X$ and $Y$

Show answer
Correct Option: D
Explanation:

A social entrepreneurship organization uses methods to address the social problems or any change in the society.It also deals with the environmental problem.

Business as an entrepreneurial hub is one of the major drivers identified by ________________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. the Expert Committee on Innovation & Entrepreneurship

  2. innovative Start-ups

  3. incubation policy

  4. None of the above

Show answer
Correct Option: A
Explanation:

Business as entrepreneurial hubs is one of the major drivers identified by the Expert Committee on Innovation and Entrepreneurship with a view to give substantial boost to the innovation ecosystem and to catalyze the entrepreneurial spirit in the country.