Tag: economics

Questions Related to economics

Globally India ranks in ______________________.

  1. third position with 4,200 Start-ups

  2. fourth position with 4,200 Start-ups

  3. second position with 4,500 Start-ups

  4. fifth position with 4,800 Start-ups


Correct Option: A
Explanation:

Globally India ranks in third position with 42000 start ups. The start-up schemes provide loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. The start-up helps to promote the culture of innovation and entrepreneurship in India. It also promotes economic growth and development.

Third group of developing countries are ________.

  1. India

  2. Pakistan

  3. Iran

  4. All of these


Correct Option: D
Explanation:

Third group of developing countries include India, Pakistan and Iran which are developing at as substantial and great level.

Which of the following has not been concluded by the World Development Report-2018?

  1. Nations' best long-term investment is in the education.

  2. Internet is a pure public good.

  3. Investment in health should be given priority over education.

  4. Mechanization of farm sector has increased employment opportunities.


Correct Option: B
Explanation:

Pure public goods are available free to all which is not case with the internet. One country, Finland, has defined access to the internet (at broadband speeds) as a legal right and pursues a universal access policy.

The backbone of economic development is_________________.

  1. agriculture sector

  2. manufacturing sector

  3. corpoarate sector

  4. banking sector


Correct Option: B
Explanation:

The manufacturing sector is considered as the backbone of the economic development of the country because of the following reasons:

(1) The manufacturing sector helps in modernizing agriculture which increases agricultural productivity.
(2) The export of manufactured goods expands trade and commerce.
(3) Manufacturing industries reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.

Word Development Report was released on _________ 2016.

  1. January 15th

  2. January 26th

  3. January 14th

  4. None


Correct Option: C
Explanation:

International Bank for Reconstruction and Development (IBRD) or World Bank publishes the World Development Report (WDR) every year. This report provides a depth analysis of various aspects of economic development. 

World Development Report, 2016 was published on January 14th, 2016. The criterion used for the preparation of the report is per capita income.

Thus, the correct answer is C.

Digital Dividend was the title of the World Development Report for the year ________.

  1. 2014

  2. 2016

  3. 2015

  4. 2012


Correct Option: B
Explanation:

International Bank for Reconstruction and Development ( IBRD) or the World Bank publishes the World Development Report every year. The criterion used for preparation is per capita income. 

World Development Report, 2016 was published on January 14th, 2016. The title of the report for this year was “Digital Dividend”. The title was given as, it explores the impact of various technologies in the development of the economy.

Thus, the correct answer is B.

The world development report is published _______.

  1. annually

  2. biannually

  3. once in 5 years

  4. once in 10 years


Correct Option: A
Explanation:

The World Development Report is published annually since 1978. World Bank has taken per capital income as the base for economic development.

Every year the World Development Report is published by the _______.

  1. IBRD (World Bank)

  2. NABARD

  3. RBI

  4. None


Correct Option: A
Explanation:

The first report by the World Bank or International Bank for Reconstruction and Development was published in 1978. Since then, it continues to publish such report annually.

The first World Development Report was titled ___________.

  1. Prospects for Growth and Alleviation of Poverty

  2. Mind and Culture

  3. Sustainable Development in a Dynamic World

  4. Gender Equality and Development


Correct Option: A
Explanation:

The first World Development Report was published in the year 1978. Major focus of this report was given on the issue of the increasing poverty in the previous and that year also how the development should help in eliminating it. 

According to World Development Report of 2016, which of the following country has the highest number of internet users?

  1. China

  2. Brazil

  3. London

  4. India


Correct Option: A
Explanation:

The World Development Report is published since 1978 by International Bank for Reconstruction and Development (IBRD) or World Bank. It is published annually. The report provides in-depth analysis of a specific aspect of economic development with topics such as agriculture, youth, equity, public services delivery, the role of the state, transition economies, labour, infrastructure, health, the environment, risk management, and poverty.

Digital Dividend is the title of World Development Report of the year 2016. It talks about the technologies. According to World Development Report of 2016 the country that has highest number of internet users is China.