Tag: economics

Questions Related to economics

The concept of poverty line does not differ from country to country.

rural development poverty rural economics economics

  1. True

  2. False

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Correct Option: B

In India, the problem of Relative Poverty is very high.

rural development poverty rural economics economics

  1. True

  2. False

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Correct Option: B

Poverty is a vicious circle.

rural development poverty rural economics economics

  1. True

  2. False

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Correct Option: A

Which one of the following committees was set up to review the concept of poverty line?

rural development poverty rural economics economics

  1. S Chakravarty committee

  2. D T Lakdawala Committee

  3. K N Wanchoo Committee

  4. R C Dutt Committee

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Correct Option: B
Explanation:

The Planning Commission constituted in September, $1989$, an 'Expert Group' to consider methodological and computational aspects of estimation of proportion and number of poors in India. Prof D T Lakdawala was the Chairman of the Expert Group. The report of the Expert Group was submitted in July $1993$.

In a Poverty Pyramid index, which of the following segments of population faces the highest poverty risk ?

rural development poverty rural economics economics

  1. Formal Wage Employment

  2. Informal Self-Employment: Employers

  3. Casual Informal Wage Employment and Domestic Work

  4. Informal Self Employment : Own Account

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Correct Option: C

For calculation of poverty line in rural area, which of the following calories consumption per day per person has been stipulated by the Planning Commission ?

rural development poverty rural economics economics

  1. 2000

  2. 2100

  3. 2400

  4. 2500

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Correct Option: C

The 'Poverty Line ' is defined on the basis of _______________.

rural development poverty rural economics economics

  1. Living conditions of people

  2. The standard of living of people

  3. The number of children

  4. The national requirements of 2400 calories per person per day for rural areas and 2100 calories per person per day for urban areas.

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Correct Option: D

Census in India was conducted recently (2010). In the eyes of the economists and policymakers, India's demographics are very much favourable to growth. Which of the following statements is not in conformity with the traditional demographic characteristics of India and its relation with growth?

rural development poverty rural economics economics

  1. India is a young country with low dependency ratio.

  2. More and more Indian youth under the age of 30 are getting better healthcare and access to quality technical education.

  3. The so-called middle class of India is happy as they have better housing and earning facilities.

  4. Indian youth are now the biggest consumers of luxurious goods; they spend discretionary income and enjoy the associated status.

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Correct Option: D

A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as ________.

rural development poverty rural economics economics

  1. absolute poverty

  2. relative poverty

  3. urban poverty

  4. rural poverty

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Correct Option: A

Poverty is widespread in underdeveloped countries particularly in _________ & ___________.

rural development poverty rural economics economics

  1. Asia & Africa

  2. America & Russia

  3. Europe & Australia

  4. Asia & Antarctia

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Correct Option: A