Tag: economics

Questions Related to economics

Which of the following is rated the poorest region of the world?

  1. The middle East

  2. Asia

  3. Sub-Sahara Africa

  4. Latin America


Correct Option: C

'Poverty Line' means ____________________.

  1. The line of demarcation between the rich and the poor

  2. The lowest level in the ladder of economic prosperity

  3. The state at which there is a leveling down between the rich and the poor

  4. The minimum level of per capita consumer expenditure


Correct Option: D

Out of the total population of the world, about $80\%$ lives in _________________.

  1. Developed countries

  2. BRICs countries

  3. Latin America

  4. Developing countries


Correct Option: D

India's basic problem is relative poverty.

  1. True

  2. False


Correct Option: B

Poverty is an age-old problem.

  1. True

  2. False


Correct Option: A

There is no poverty in urban areas.

  1. True

  2. False


Correct Option: B

Poverty line is measured on the basis of minimum nutritional intake.

  1. True

  2. False


Correct Option: A

Rapidly rising population is an important cause of poverty.

  1. True

  2. False


Correct Option: A

Rapidly rising population is the only cause of poverty in India.

  1. True

  2. False


Correct Option: B

Relative poverty is a universal problem.

  1. True

  2. False


Correct Option: A