Tag: economics

Questions Related to economics

What does infant mortality rate refer to?

  1. The ratio of number of children who die before their fifth birthday out of every $1000$ live births

  2. The ratio of number of children who die before their second birthday out of every $100$ live births

  3. The ratio of number of children who die before their third birthday out of every $500$ live births

  4. The ratio of number of children who die before their first birthday out of every $1000$ live births


Correct Option: D
Explanation:

Infant Mortality Rate (IMR) is generally measured as a ratio of infant deaths under 1 year of age, registered in a calendar year to the total number of live births registered in the same year.

What is the minimum calorie intake for an urban person for estimating poverty line?

  1. 2400 calories

  2. 2100 calories

  3. 2300 calories

  4. 2000 calories


Correct Option: B
Explanation:

There are many ways of measuring poverty. One way is to determine it by the monetary value (per capita expenditure) of the minimum calorie intake that was estimated at 2,400 calories for a rural person and 2,100 for a person in the urban area.

Poor people who regularly move in and out of poverty are called _______.

  1. usually poor

  2. churning poor

  3. chronic poor

  4. occasionally poor


Correct Option: B
Explanation:
There are many ways to categorise poverty. In one such way people who are always poor and those who are usually poor but who may sometimes have a little more money are grouped together as the chronic poor. The occasionally poor are rich most of the time but may sometimes have a patch of bad luck.
Churning poor regularly move in and out of poverty like, small farmers and seasonal workers.

Government uses __________ as proxy for income of households to identify the poor.

  1. per capita expenditure

  2. monthly per capita expenditure

  3. annual expenditure

  4. none of the above


Correct Option: B
Explanation:
The government uses Monthly Per Capita Expenditure (MPCE) as proxy for income of households to identify the poor.
This mechanism is helpful in identifying the poor as a group to be taken care of by the government, but it would be difficult to identify who among the poor need help the most.

Who are the urban poor?

  1. Overflow of rural poor who migrated to urban areas in search of alternative employment and livelihood

  2. Labourers who do a variety of casual jobs

  3. Self-employed who sell a variety of things on roadsides

  4. All of the above


Correct Option: D
Explanation:
Scholars identify the poor on the basis of their occupation and ownership of assets. The urban poor are largely the overflow of the rural poor who had migrated to urban areas in search of alternative employment and livelihood, labourers who do a variety of casual jobs and the self-emloyed who sell a variety of things on roadsides and are engaged in various activities.

What is the minimum calorie intake for a rural person for estimating poverty line?

  1. 2400 calories

  2. 2100 calories

  3. 2300 calories

  4. None of the above


Correct Option: A
Explanation:
There are many ways of measuring poverty. One way is to determine it by the monetary value (per capita expenditure) of the minimum calorie intake that was estimated at 2,400 calories for a rural person and 2,100 for a person in the urban area.

On what basis are the poor identified?

  1. Occupation

  2. Ownership of assets

  3. Both A and B

  4. None


Correct Option: C
Explanation:
Scholars identify the poor on the basis of their occupation and ownership of assets. They are identified in 2 groups- rural poor and urban poor.

When the number of poor is estimated as the proportion of people below the poverty line, it is known as _________.

  1. population Census

  2. poverty count

  3. head count ratio

  4. poverty trend


Correct Option: C
Explanation:
When the number of poor is estimated as the proportion of people below the poverty line, it is known as ‘Head Count Ratio’. Population census is conducted for estimating the population of the country. Poverty count and poverty trend are not any kind of  measure. 

Fill in the blanks from the alternatives given.
Poverty in rural areas is _________ the poverty in urban areas.

  1. more than

  2. less than

  3. equal to

  4. none of these


Correct Option: A

Fill in the blanks from the alternatives given.
_______ poverty is an universal phenomenon.

  1. Absolute

  2. Relative

  3. Urban

  4. Rural


Correct Option: B