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MCQ [1M - ECONOMICS]

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MCQ 11 Mark
What can be inferred about the limitations of using per capita income (average income) to compare well-being across countries? Choose the correct option as the answer.
  • A
    It shows how equally or unequally income is distributed among the people in a country.
  • B
    The only measure needed to understand a country’s development is Per capita income.
  • It gives a basic idea of economic well-being but hides the income inequality.
  • D
    It only reflects the industrial growth of a country and does not consider other important factors.
Answer
Correct option: C.
It gives a basic idea of economic well-being but hides the income inequality.
(C) It gives a basic idea of economic well-being but hides the income inequality, cost of living, or access to essential services.
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MCQ 21 Mark

Assume there are four families in a country. The average per capita income of these families is Rs 5000. If the income of three families is Rs 4000, Rs 7000 and Rs 3000 respectively, what is the income of the fourth family?

  • A
    Rs 7500.
  • B
    Rs 3000.
  • C
    Rs 2000.
  • D
    Rs 6000.
Answer
  1. Rs 6000.
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MCQ 31 Mark

Which of the following neighbouring countries has better performance in terms of human development than India?

  • A
    Bangladesh.
  • B
    Sri Lanka.
  • C
    Nepal.
  • D
    Pakistan.
Answer
  1. Sri Lanka.
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MCQ 41 Mark

Development of a country can generally be determined by:

  • A
    Its per capita income.
  • B
    Its average literacy level.
  • C
    Health status of its people.
  • D
    All the above.
Answer
  1. All the above.
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MCQ 51 Mark

Why does Kerala have a low Infant Mortality Rate?

  • A
    Adequate provision of basic health and educational facilities.
  • B
    Suitable climate.
  • C
    Pollution Free environment.
  • D
    Good water.
Answer
  1. Adequate provision of basic health and educational facilities.
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MCQ 71 Mark

Which one of the following is not a measure of development in the Human Development Report of the UNDP?

  • A
    Per capita income in US $.
  • B
    Educational Levels of the people.
  • C
    Body Mass Index.
  • D
    Life Expectancy at Birth.
Answer
  1. Body Mass Index.
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MCQ 81 Mark

Which one of the following is a development goal common to all?

  • A
    Freedom.
  • B
    Equal opportunities.
  • C
    Security and respect.
  • D
    A high level of income and better quality of life.
Answer
  1. A high level of income and better quality of life.
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MCQ 91 Mark

Which one of the following criteria is the basis for measuring the development of a country, according to the World Bank?

  • A
    Per Capita Income.
  • B
    Literacy Rate.
  • C
    Gross Enrolment Ratio.
  • D
    Life Expectancy.
Answer
  1. Per Capita Income.
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MCQ 101 Mark

Which one is not an important goal of our life?

  • A
    Good education.
  • B
    Blood donation.
  • C
    High salaried job.
  • D
    Facilities for going abroad.
Answer
  1. Blood donation.
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MCQ 111 Mark

Which of the following things money cannot buy?

  • A
    Building.
  • B
    Pollution free environment.
  • C
    Flowers.
  • D
    Books.
Answer
  1. Pollution free environment.
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MCQ 121 Mark

Which of the following statements about money are true?

  • A
    Money cannot buy you a pollution-free environment.
  • B
    Money cannot ensure that you get unadulterated medicines.
  • C
    Money may also not be able to protect you from infectious diseases.
  • D
    All of the above statements are true.
Answer
  1. All of the above statements are true.
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MCQ 131 Mark

Which of the following resources is a non-renewable energy resource?

  • A
    Solar radiations.
  • B
    Crude oil.
  • C
    Wind energy.
  • D
    All the above.
Answer
  1. Crude oil.
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MCQ 141 Mark

Which of the following is true of peoples goals in addition to higher income:

  • A
    Equal treatment.
  • B
    Freedom.
  • C
    Respect and security.
  • D
    All the above.
Answer
  1. All the above.

Explanation:

People also seek all the above factors.

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MCQ 151 Mark

Which of the following is true of a job which offer high pay but no job security and no time for yourfamily:

  • A
    Tension and more ability to work.
  • B
    Mental torture.
  • C
    Loss of sense of security and freedom.
  • D
    None of the above.
Answer
  1. Loss of sense of security and freedom.

Explanation:

It will lead to loss of the sense of security and freedom.

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MCQ 161 Mark

Which of the following is least considered while taking up a new job.

  • A
    Income level.
  • B
    Job security.
  • C
    Dignity and respect.
  • D
    Distance from home.
Answer
  1. Distance from home.
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MCQ 171 Mark

Which of the following is correct regarding Individuals who seek different goals:

  • A
    Ideas are different from others.
  • B
    Ideas are similar to others.
  • C
    Notion of national development is same also likely to be similar.
  • D
    Notion of national development is likely to be different.
Answer
  1. Notion of national development is likely to be different.

Explanation:

Individuals who seek different goals, then their notion of national development are also likely to be different.

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MCQ 181 Mark

Which of the following is an important factor on which our life depends is:

  • A
    Money
  • B
    Food
  • C
    Games
  • D
    None of the above.
Answer
  1. Money

Explanation:

One important factor on which our life depends is money.

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MCQ 191 Mark

Which is the most important attribute to compare countries?

  • A
    Human Development Index (HDI).
  • B
    Literacy rate.
  • C
    Export earnings.
  • D
    Income.
Answer
  1. Human Development Index (HDI).
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MCQ 201 Mark

Which is the most important attribute for comparing the development of countries?

  • A
    Resources.
  • B
    Population.
  • C
    Average income.
  • D
    None of the above.
Answer
  1. None of the above.
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MCQ 211 Mark

Which is the most common method of measuring economic development?

  • A
    Profit loss.
  • B
    Income.
  • C
    Sales.
  • D
    Import-export.
Answer
  1. Income.
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MCQ 221 Mark

Which country among India's neighbours has the highest per capita income?

  • A
    Bhutan.
  • B
    SriLanka.
  • C
    Nepal.
  • D
    Bangladesh.
Answer
  1. SriLanka.
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MCQ 231 Mark

Which category does India come under?

  • A
    High-income countries.
  • B
    Low middle-income countries.
  • C
    Low-income countries.
  • D
    High middle-income countries.
Answer
  1. Low middle-income countries.
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MCQ 251 Mark

What was India’s per capita income in 2017?

  • A
    US$ 1950 per annum.
  • B
    US$ 1880 per annum.
  • C
    US$ 1930 per annum.
  • D
    US$ 1820 per annum.
Answer
  1. US$ 1820 per annum.
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MCQ 261 Mark

What proportion of the country is over using their groundwater reserves?

  • A
    One-Fourth.
  • B
    One-Tenth.
  • C
    One-Third.
  • D
    Half.
Answer
  1. One-Third.

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MCQ 271 Mark

What may be development for one may person be:

  • A
    Development for the other.
  • B
    Less development for the other.
  • C
    Destructive for the other.
  • D
    None of the above.
Answer
  1. Destructive for the other.

Explanation:

What may be development for one may can be destructive for the other.

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MCQ 281 Mark

What is the one factor on which our life depends?

  • A
    Employment.
  • B
    Security of work.
  • C
    Money, or material things that one can buy with it.
  • D
    Freedom.
Answer
  1. Money, or material things that one can buy with it.
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MCQ 291 Mark

What is the most important attribute while comparing countries:

  • A
    Their population.
  • B
    Their political status.
  • C
    Their income.
  • D
    None of the above.
Answer
  1. Their income.

Explanation:

For comparing countries, regarding their development their income is considered to be one of the most important attributes.

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MCQ 301 Mark

What is the main criterion for comparing the development of different countries?

  • A
    Population.
  • B
    Income.
  • C
    Education.
  • D
    Family background.
Answer
  1. Income.
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MCQ 311 Mark

What is the full form of HDI?

  • A
    Human Derived Industries.
  • B
    Human Development Index.
  • C
    Highly Developed Industries.
  • D
    Human Development Income.
Answer
  1. Human Development Income.
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MCQ 321 Mark

What is the correct definition of Gross Domestic Product (GDP)?

  • A
    It is the total value of all the goods and services produced during a particular year.
  • B
    It is the total value of all final goods and services produced during a particular year.
  • C
    It is the total value of all intermediate goods and services produced during a particular year.
  • D
    It is the total value of all intermediate and final goods and services produced during a particular year.
Answer
  1. It is the total value of all final goods and services produced during a particular year.
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MCQ 331 Mark

What is considered to be one of the most important attributes when we compare countries at the level of development?

  • A
    Industrial development.
  • B
    Resources of the country.
  • C
    Income.
  • D
    Import-export.
Answer
  1. Income.
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MCQ 341 Mark

What can money not buy you?

  • A
    Unadulterated medicines.
  • B
    Water.
  • C
    Pollution-free environment.
  • D
    Organic food.
Answer
  1. Pollution-free environment.
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MCQ 351 Mark

What can be the developmental goal of a landless rural laboures?

  • A
    Freedom to decide his occupation.
  • B
    More days of work and better wages.
  • C
    Less days of work.
  • D
    Good climatic conditions.
Answer
  1. More days of work and better wages.
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MCQ 361 Mark

What brings about stable income?

  • A
    Better wages.
  • B
    Work opportunities.
  • C
    Regular work.
  • D
    Decent price for their crops or other products.
Answer
  1. Regular work.
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MCQ 371 Mark

What are the developmental goals of landless rural labourers?

  • A
    More days of work and better wages.
  • B
    Acquirement of land for self tilling.
  • C
    More hours of work.
  • D
    Self-reliance.
Answer
  1. More days of work and better wages.
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MCQ 381 Mark

Underemployment occurs when people:

  • A
    Do not want to work.
  • B
    Are working in a lazy manner.
  • C
    Are working less than what they are capable of doing.
  • D
    Are not paid for their work.
Answer
  1. Are working less than what they are capable of doing.
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MCQ 391 Mark

To get more electricity, industrialists may want:

  • A
    More money.
  • B
    More factors.
  • C
    More dams.
  • D
    All the above.
Answer
  1. More dams.

Explanation:

To get more electricity, industrialists may want more dams.

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MCQ 401 Mark

The percentage of rural children aged 10-14 years attending school in UP is:

  • A
    21%
  • B
    23%
  • C
    27%
  • D
    31%
Answer
  1. 31%

Explanation:

It is 31%.

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MCQ 411 Mark

The per capita income of Sri Lanka in US $ is:

  • A
    102.7
  • B
    222.5
  • C
    149.0
  • D
    439.0
Answer
  1. 439.0

Explanation:

It is 439.0$.

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MCQ 431 Mark

The per capita income for all countries is calculated in:

  • A
    Pounds
  • B
    Shillings
  • C
    Rupee
  • D
    Dollars
Answer
  1. Dollars

Explanation:

It is calculated in dollars.

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MCQ 441 Mark

The literacy rate for the rural population of males in Uttar Pradesh is………

  • A
    73%.
  • B
    70%.
  • C
    76%.
  • D
    78%.
Answer
  1. 76%.
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MCQ 451 Mark

The Human Development Report compares countries on the basis of:

  • A
    The educational levels of the people.
  • B
    Health status of the people.
  • C
    Per capita income of the people.
  • D
    All the above factors.
Answer
  1. All the above factors.

Explanation:

The Human Development Report compares countries based on all the above factors.

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MCQ 461 Mark

The full form of PDS is:

  • A
    Private Development System.
  • B
    Public Department System.
  • C
    Pure Domestic System.
  • D
    Public Distribution System.
Answer
  1. Public Distribution System.
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MCQ 471 Mark

The development goals of prosperous farmers from Punjab are:

  • A
    Assured high family income through higher support prices for their crops.
  • B
    More days of work and better wages.
  • C
    Better market prices.
  • D
    All the above.
Answer
  1. Assured high family income through higher support prices for their crops.

Explanation:

The development goals of prosperous farmers from Punjab is assured high family income through higher support prices for their crops.

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MCQ 481 Mark

The development goals of landless rural labourers are:

  • A
    Assured high family income through higher support prices for their crops.
  • B
    To settle their children abroad.
  • C
    More days of work and better wages.
  • D
    All the above.
Answer
  1. More days of work and better wages.

Explanation:

The development goals of landless rural labourers is more days of work and better wages.

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MCQ 491 Mark

The development goal of a girl in a village will be ...

  • A
    To study in a foreign country.
  • B
    To be free to choose her vocation in life.
  • C
    To be given equal opportunities to boys.
  • D
    All of the above.
Answer
  1. All of the above.
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MCQ 501 Mark

The Developmental goal for a Landless agricultural labour is ________.

  • A
    More days of work and better wages.
  • B
    Assured a high family income through higher support prices for their crops.
  • C
    They should be able to settle their children abroad.
  • D
    Proper and developed Irrigational facilities for their crops.
Answer
  1. More days of work and better wages.
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MCQ [1M - ECONOMICS] - Social Studies STD 10 Questions - Vidyadip