Question
Read the source given below and answer the questions that follow:
For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such an useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income. In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$\$$ 49,300 per annum and above in 2019, are called high income or rich countries and those with per capita income of US$\$$ 2500 or less are called low-income countries. The rich countries, excluding countries ofMiddle East and certain other small countries are generally called developed countries.

Q.1. Explain the significance of per capita Income.
Q.2. What are the classifications of countries based on per capita income, and which entity is responsible for determining these classifications?"

Answer

A-1 The Per capita income enables comparisons between countries and provides insights into the relative economic performance and living standards across different nations. Per capita income also serves as an important indicator of the standard of living in a country.

A-2 The courtiers are classified into “High income or Rich countries and low income countries based on their per capita Income. If it is US $ 49,300 per annum they will be classified as rich country and if the per capita income is US$ 2500 per annum it will be called a poor country. World Bank determines this classification.

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The availability of resources is a necessary condition for the development of any region, but mere availability of resources in the absence of corresponding changes in technology and institutions may hinder development. There are many regions in our country that are rich in resources but these are included in economically backward regions. On the contrary there are some regions which have a poor resource base but they are economically developed.
The history of colonisation reveals that rich resources in colonies were the main attractions for the foreign invaders. It was primarily the higher level of technological development of the colonising countries that helped them to exploit resources of other regions and establish their supremacy over the colonies. Therefore, resources can contribute to development only when they are accompanied by appropriate technological development and institutional changes. India has experienced all this in different phases of colonisation. Therefore, in India, development, in general, and resource development in particular does not only involve the availability of resources, but also the technology, quality of human resources and the historical experiences of the people.
Q.1. What is a necessary condition for the development of any region?
Q.2. What helped the colonial countries to exploit resources of their colonies?
Q.3. Why are some resource rich regions included in economically backward regions?
Read the extract given below and answer the questions that follow:
The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. This Ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their prices and then estimates the GDP. When we produce a good by exploiting natural resources, it is an activity of the primary sector. The secondary sector in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. After primary and secondary, there is a third category of activities that falls under the tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process.
  1. The money value of all the final goods and services produced within a country during a particular year is called:
  1. Gross domestic product.
  2. Net domestic product.
  3. National product.
  4. Production of secondary sector.
  1. Which sector has emerged as the largest producing sector in India?
  1. Primary sector
  2. Secondary sector
  3. Tertiary sector
  4. Science and technology sector
  1. Information and communication technology is associated with:
  1. Primary sector.
  2. Secondary sector.
  3. Tertiary sector.
  4. None of the above.
  1. Life insurance is an activity of the:
  1. Primary sector.
  2. Secondary sector.
  3. Tertiary sector.
  4. None of the above.
Read the extract given below and answer the questions that follow:
CRUDE OIL RESERVES
Regions/ Countries
Reserves (2017) (Thousand Million Barrels)
Number of Years Reserves will last
Middle East
808
70
United States of America
50
10.5
World
1697
50.2
The table gives an estimate of reserves of crude oil (column1). More importantly, it also tells us for how many years the stock of crude oil will last if people continue to extract it at the present rate. The reserves would last only 50 years more. This is for the world as a whole. However, different countries face different situations. Countries like India depend on importing oil from abroad because they do not have enough stocks of their own. If prices of oil increase this becomes a burden for everyone. There are countries like the USA which have low reserves and hence want to secure oil through military or economic power. The question of sustainability of development raises many fundamentally new issues about the nature and process of development.
  1. The stock of Crude Oil for the world will last for how many more years?
  1. 70 years
  2. 60 years
  3. 40 years
  4. 50 years
  1. The reserve of Crude Oil available in the Middle is how many times more than the reserves in the USA?
  1. 15 times
  2. 16 times
  3. 14 times
  4. 17 times
  1. Which among the following is a Judicious use of Crude Oil Reserves.
  1. Importing from other countries for domestic use.
  2. Overuse of non renewable resources.
  3. Use of alternative sources of resources.
  4. None of these.
  1. How do powerful countries secure oil for their use?
  1. Through military or economic power.
  2. By buying from the Middle East at higher prices.
  3. By using alternative sources of energy.
  4. Putting a restriction on usage of Crude oil in their territories.
Read the extract given below and answer the questions that follow:
One way to find out if we are properly nourished is to calculate what nutrition scientists call it BMI. This is easy to calculate. Let each student in the class find out his or her weight and height. Take the weight of each student in kilograms (kg). Then, take the height by drawing up a scale on the wall and measuring accurately with the head straight. Convert the height recorded in centimeters into meters. Divide the weight in kg by the square of the height. The number you get is called BMI. Then, look at the BMI-for-Age tables given on pages 90–91. A student’s BMI could be within the normal range or less than that (underweight) or more (obesity). For example, if a girl student is 14 years and 8 month old and the BMI is 15.2, then she is undernourished. Similarly, if the BMI of a boy aged 15 years and 6 months is 28, then he is overweight. Discuss the life situation, food and exercise habits of students, in general, without body shaming anyone.
  1. What is BMI?
  1. Body mass information.
  2. Body mean information.
  3. Body mean index.
  4. Body mass index.
  1. Identify the correct formula to calculate the BMI.
  1. Height/ Weight2
  2. Weight/ height2
  3. Weight/ height
  4. Weight2/ heigh
  1. Rahul is 5 ft 6 inches tall and he weighs 82 kilos. Calculate his BMI.
  1. 23.5
  2. 29.2
  3. 27.6
  4. 21.3
  1. According to Rahul’s BMI, he is _______.
  1. Overweight.
  2. Underweight.
  3. Normal.
  4. Obese.
Read the extract given below and answer the questions that follow:
''Here are many activities that are undertaken by directly using natural resources. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sectors. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing. This could be in a factory, a workshop, or at home. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Since this sector gradually became associated with the different kinds of industries that came up, it is also called the industrial sector. After primary and secondary, there is a third category of activities that falls under the tertiary sector and are different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or support for the production process. For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops. At times, it may be necessary to store these in godowns. Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods, the tertiary sector is also called the service sector. The service sector also includes some essential services that may not directly help in the production of goods. For example, we require teachers, doctors, and those who provide personal services such as washermen, barbers, cobblers, lawyers, and people to do administrative and accounting work''
  1. Secondary sector: Workers in a match factory, Tertiary sector: _______.
  1. Beekeeper.
  2. Milk vendor.
  3. Handloom worker.
  4. Tailor.
  1. Which is the correct option for classification based on nature of activities?
  1. Organised and unorganised sector.
  2. Public sector and private sector.
  3. Primary, secondary and tertiary sector.
  4. None of these.
  1. "After primary and secondary, there is a third category of activities that falls under the tertiary sector and is different from the above two." Which of the following is incorrect regarding the given statement?
  1. These activities do not produce a good by themselves.
  2. These activities help in the development of the primary and secondary sectors.
  3. These activities are an aid or support for the production process.
  4. These activities generate goods rather than services.
  1. Choose the incorrect pair:
  1. Call centre employee-Secondary sector.
  2. IT specialists-Quaternary sector.
  3. Potter-Primary Sector.
  4. Money Lender-Tertiary sector.
Read the extract given below and answer the questions that follow:
Suppose for the present that a particular country is quite developed. We would certainly like this level of development to go up further or at least be maintained for future generations. This is obviously desirable. However, since the second half of the twentieth century, a number of scientists have been warning that the present type, and levels, of development are not sustainable.
Groundwater is an example of renewable resources. These resources are replenished by nature as in the case of crops and plants. However, even these resources may be overused. For example, in the case of groundwater, if we use more than what is being replenished by rain then we would be overusing this resource.
Consequences of environmental degradation do not respect national or state boundaries; this issue is no longer region or nation specific. Our future is linked together. Sustainability of development is comparatively a new area of knowledge in which scientists, economists, philosophers and other social scientists are working together.
  1. Pick out the cause that enhances environmental degradation.
  1. Planting trees.
  2. Prevention of factory wastes getting mixed up with river water.
  3. Ban on using plastic bags.
  4. Allowing an increase in the level of exhaust fumes emited by cars, buses trucks etc.
  1. Which of the following statement defines sustainable development?
  1. Sustainable use of natural resources without considering the need of future generations.
  2. The present generation fulfills its needs while considering the needs of the future generations as well.
  3. It means the utilisation of natural resources by the past, present and the future generations.
  4. To meet the needs of the future generations even if the needs of the present generation is not met.
  1. What kind of development should be achieved by making a sincere attempt to preserve the environment and resources.
  1. Economic Development.
  2. Social Development.
  3. Sustainable Development.
  4. Political Development.
  1. The future generation may not have sufficient resources as compared to the present generation because:
  1. Resources are being used judiciously by the present generation, which will make them exhausted.
  2. Resources are being used optimally by the present generation which will make them exhausted.
  3. Resources are being overused by present generation, which will make them exhausted.
  4. Resources are not being used by the present generation, which will make them exhausted.
Read the extract given below and answer the questions that follow:
Total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income. In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capitain come of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income ofUS$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.
  1. Countries with per capita income of US$ 12,056 per annum and above are called ________ .
  1. Low income countries.
  2. Rich countries.
  3. Small countries.
  4. None of these.
  1. We compare the average income by ________.
  1. Total income of the country divided by the total population.
  2. Total population multiplied by total income.
  3. Both A and B.
  4. None of these.
  1. The rich countries exclude the countries of ________.
  1. Middle East.
  2. Certain other small countries.
  3. Srilanka.
  4. All of these.
  1. The average income is:
  1. Income per person.
  2. Income per family.
  3. Income per month.
  4. Income per earning person.
Read the passage given below and answer the following questions:

A House Loan

Megha has taken a loan of 5 lakhs from the bank to purchase a house. The annual interest rate on the loan is 12 per cent and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan.
The bank retained as collateral the papers of the new house, which will be returned to Megha only when she repays the entire loan with interest.
Q.1. From which source of credit Megha has taken loan?
Q.2. Explain the terms of credit given in the source.
Read the given source and answer the questions that follow:
For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding. that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The rich countries, excluding countries of the Middle East and certain other small countries, are generally called developed countries.
Q.1. The Middle East countries even though are rich countries; but they are not considered as a developed. country. Why?
Q.2. What is considered to be one of the most important attributes when we compare countries at the level of development?
Q.3. Which country can be considered as a developed country in the modern world?
Read the extract given below and answer the questions that follow:
For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more incomemeans more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The rich countries, excluding countries of the Middle East and certain other small countries, are generally called developed countries.
  1. Which country can be considered as a developed country in the modern world? Select your answer from the following statements.
  1. Countries which have accumulated huge amounts of wealth and always secures the future of their citizens. These countries are considered to be developed.
  2. Countries which are among the highest in the 'Human Development Index' are considered to be the developed countries.
  3. Only rich countries are considered to be developed because people have money to buy everything needed for human beings both material and non-material.
  4. Iran is a rich country and therefore it is a developed country.
  1. What is considered to be one of the most important attributes when we compare countries at the level of development?
  1. Industrial development.
  2. Resources of the country.
  3. Income.
  4. Import-export.
  1. The Middle East countries even though are rich countries; but they are not considered as a developed country because.
  1. Its high income is because of Oil exports and not because of development.
  2. It has all the facilities of a developed country because of its high income.
  3. Even after sufficient development they are still not considered as developed countries.
  4. It does not have many facilities so they are not treated as developed countries.
  1. ______ is the total income of the country divided by its total population.
  1. Gross income.
  2. Per capita income.
  3. Total income.
  4. Net income.