Chapter 4 ECONOMICS : India as Developing Economy – Global View — Online MCQ Test
ECONOMICS · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 4 ECONOMICS : India as Developing Economy – Global View with a free chapter-wise online MCQ test.
This chapter covers: This chapter details key features of the Indian economy demographic profile international comparisons human development index ranks and global economic standing..
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Chapter 4 ECONOMICS : India as Developing Economy – Global View — Important Questions & Answers
Which international organization publishes the Human Development Index (HDI)?
- A. World Bank
- B. United Nations Development Programme (UNDP)
- C. International Monetary Fund (IMF)
- D. World Trade Organization (WTO)
Answer: B. United Nations Development Programme (UNDP)
The UNDP has been publishing the HDI since 1990 to measure human progress across countries.
The UNDP has been publishing the HDI since 1990 to measure human progress across countries.
What is the primary indicator used to classify a country as 'developing' in the context of the World Bank's global classification?
- A. Gross National Income (GNI) per capita
- B. Population size
- C. Literacy rate
- D. Geographical area
Answer: A. Gross National Income (GNI) per capita
The World Bank classifies economies based on GNI per capita into low, middle, and high-income groups.
The World Bank classifies economies based on GNI per capita into low, middle, and high-income groups.
Which of the following best describes India's demographic profile compared to developed nations?
- A. Low dependency ratio
- B. Large proportion of aging population
- C. Large proportion of working-age population (demographic dividend)
- D. Negative population growth rate
Answer: C. Large proportion of working-age population (demographic dividend)
India is characterized by a high proportion of youth and working-age individuals, often referred to as a demographic dividend.
India is characterized by a high proportion of youth and working-age individuals, often referred to as a demographic dividend.
Considering India's global position, which of these is an accurate analysis of the 'Global South' concept?
- A. It refers only to the Southern Hemisphere countries
- B. It classifies countries primarily based on geopolitical and economic developmental status rather than geography
- C. India is excluded from the Global South due to its high GDP growth
- D. It focuses solely on trade agreements between USA and India
Answer: B. It classifies countries primarily based on geopolitical and economic developmental status rather than geography
The 'Global South' represents a grouping of developing countries that share common economic challenges and history, irrespective of strict latitude/longitude.
The 'Global South' represents a grouping of developing countries that share common economic challenges and history, irrespective of strict latitude/longitude.
Suppose India moves from 'Lower-middle' to 'Upper-middle' income status. Which indicator is the primary driver of this classification?
- A. Human Development Index
- B. GNI per capita (Atlas Method)
- C. Total Population
- D. Consumer Price Index
Answer: B. GNI per capita (Atlas Method)
The World Bank threshold for income classification is strictly based on the Atlas Method GNI per capita.
The World Bank threshold for income classification is strictly based on the Atlas Method GNI per capita.