Tag: economics

Questions Related to economics

Economic development in China can be attributed to open-door policy with regard to FDI inflow.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. True

  2. False

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Correct Option: A

The share of industrial sector in GDP of China rose from 14% in 1979 to ______ in 2014.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 26%

  2. 43%

  3. 32%

  4. 19%

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Correct Option: B

The 'Great Leap Forward' campaign was launched in China focusing on widespread _____________ in the economy.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. agriculture

  2. industrialisation

  3. both 'a' and 'b'

  4. neither 'a', nor 'b'

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Correct Option: B

China achieved an average annual growth rate of __________ during the pre-reform period.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 3.2%

  2. 6.9%

  3. 5.3%

  4. 7.2%

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Correct Option: C

As per international poverty data, population below poverty line in India was at _______ in comparison to 11.2% in China in 2011-12.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 35%

  2. 21.7%

  3. 31.4%

  4. 18.5%

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Correct Option: C

The rate of domestic savings in China rose from 32% in 1979 to ______ in 2014.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 36%

  2. 39%

  3. 45%

  4. 49%

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Correct Option: D

India took _______ years to double its GDP prior to economic reforms, while GDP doubled in _______ years after economic reforms.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12, 7

  2. 15, 8

  3. 16, 12

  4. 22, 10

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Correct Option: C

China doubled its GDP in ______ years starting 1978.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12

  2. 9

  3. 17

  4. 20

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Correct Option: B

Incidence of poverty fell to _____ in 2013 from 31% in 1990 in China.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. 12%

  2. 8%

  3. 25%

  4. 18%

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Correct Option: B
Explanation:

Poverty refers mainly to the rural poor, as decades of financial expansion have mainly eradicated urban poverty. The remarkable progress in falling poverty over the past three decades in China is well known. 

According to the Bank, more than 850 million Chinese people have been raised out of great poverty China's poverty rate clear-cut from 88 per cent in 1981 to 0.7 per cent. 

In 2015, as calculated by the fraction of people living on the correspondent of US$1.90 or less per day in 2011 purchasing price parity terms. 

China scarcity rate for 2013 was 36.30%, a 8% decline from 2012. 

The correct answer is B.

Higher HDI ranking of China as compared to India can be majorly accredited to _____________.

economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

  1. higher GDP per capita

  2. higher literacy rates

  3. lower population

  4. higher life expectancy

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Correct Option: A
Explanation:

Gross domestic product is a strong indicator of a country economic performance and strength. It is measured by the added value of all final goods and service produced in a country economic performance and strength. 

Also, it is measured by the added value of all final goods and services produced in a country during a specific time period. Gross domestic product per capita is from time to time used to explain the standard of living of a population with an advanced GDP importance a higher standard of living.

The correct answer is A.