Economic And Social Development Trivia Questions!

2.

The annual publication of __________ is World Investment Report.

SEBI
SAARC
UNCTAD
None of these

Correct Answer

A. UNCTAD

Explanation

The annual publication of the World Investment Report is conducted by UNCTAD. UNCTAD stands for the United Nations Conference on Trade and Development, an organization that promotes sustainable development and international trade. This report provides valuable insights and analysis on global investment trends and policies, making it a significant publication in the field.

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3.

Among the following, which sector has pulled towards itself the maximum FDI during the last 4 years?

Telecommunications
Software
Pharmaceuticals
Fast Moving Consumer Goods

Correct Answer

A. Software

Explanation

The software sector has attracted the maximum Foreign Direct Investment (FDI) in the last 4 years. This indicates that international investors have shown a significant interest in investing in software companies and technologies. The software sector is known for its potential for growth, innovation, and high profitability, which could explain why it has been able to attract a large amount of FDI. Additionally, the increasing demand for software solutions and services globally may have contributed to the sector's attractiveness to foreign investors.

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4.

India is a member of International Energy Forum (lEF). IEF provides a platform for which of the following?

Promoting use of renewable energy sources
Dialogue between energy producing & consuming countries
Both A and B
Neither A nor B

Correct Answer

A. Dialogue between energy producing & consuming countries

Explanation

The International Energy Forum (IEF) provides a platform for dialogue between energy producing and consuming countries. It serves as a forum for member countries to discuss and address energy-related issues, including supply and demand, market stability, and geopolitical concerns. The IEF facilitates cooperation and collaboration among member countries to ensure a secure, reliable, and sustainable energy future. India's membership in the IEF allows it to actively participate in these discussions and contribute to global energy dialogue.

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5.

In India, what is the percentage of Labour participation of women?

10%
20%
30%
40%

Correct Answer

A. 20%

Explanation

In India, the percentage of labor participation of women is 20%. This means that out of the total female population, 20% of them are engaged in some form of labor or work. This statistic indicates that there is still a significant gender gap in the workforce, with a large portion of women not actively participating in the labor market. Factors such as cultural norms, lack of opportunities, and gender discrimination may contribute to this lower labor participation rate among women in India.

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1

6.

Among the following, which is not a method of estimating national income?

Export-import method
Product method
Expenditure method
Income method

Correct Answer

A. Export-import method

Explanation

The export-import method is not a method of estimating national income. The export-import method is used to calculate the balance of trade, which measures the difference between a country's exports and imports. It does not provide a comprehensive estimate of national income, which is typically measured using methods such as the product method, expenditure method, and income method. These methods take into account various factors such as production, consumption, and income generation to provide a more accurate estimate of a country's national income.

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7.

The characteristics of 'Public Goods' are?1. The enjoyment of one is not at the expense of others.2. These are available to everyone without discrimination.

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2

Correct Answer

A. Both 1 and 2

Explanation

Public goods are goods that are non-excludable and non-rivalrous. Non-excludable means that it is impossible to prevent anyone from using the good, and non-rivalrous means that one person's use of the good does not diminish its availability to others. Therefore, the characteristics of public goods align with both statements 1 and 2. The enjoyment of a public good by one person does not come at the expense of others, and public goods are available to everyone without discrimination.

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8.

What do we call the belief that economic growth will percolate down to all sectors?

Pump priming
Decentralised growth theory
Trickle down
None of these

Correct Answer

A. Trickle down

Explanation

Trickle down refers to the belief that economic growth will eventually benefit all sectors of society. This theory suggests that as wealth accumulates at the top, it will gradually "trickle down" to lower-income individuals and eventually stimulate economic growth throughout the entire economy. This idea is often associated with policies that prioritize tax cuts and deregulation for the wealthy in the hope that their increased wealth will lead to increased investment and job creation, ultimately benefiting everyone.

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1

9.

The most urbanized state among the major Indian states is?

Uttar Pradesh
Madhya Pradesh
Bihar
Tamil Nadu

Correct Answer

A. Tamil Nadu

Explanation

Tamil Nadu is the most urbanized state among the major Indian states because it has a high concentration of urban areas and a significant proportion of its population residing in cities. The state has several major cities like Chennai, Coimbatore, and Madurai, which are important economic and cultural centers. Tamil Nadu's urbanization can be attributed to its industrial development, educational institutions, and infrastructure facilities. The state's urban areas offer better employment opportunities and a higher standard of living, attracting people from rural areas to migrate and settle in cities.

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1

10.

What is the difference between GNP & NNP?

It is equal to the consumer expenditure on durable goods
It is equal to indirect tax revenue
It is equal to capital depreciation
None of these

Correct Answer

A. None of these

Economic And Social Development Trivia Questions!

Which country has successfully commenced financial discipline through Fiscal Responsibility Act?

Quiz Preview

The annual publication of __________ is World Investment Report.

Among the following, which sector has pulled towards itself the maximum FDI during the last 4 years?

India is a member of International Energy Forum (lEF). IEF provides a platform for which of the following?

In India, what is the percentage of Labour participation of women?

Among the following, which is not a method of estimating national income?

The characteristics of 'Public Goods' are?1. The enjoyment of one is not at the expense of others.2. These are available to everyone without discrimination.

What do we call the belief that economic growth will percolate down to all sectors?

The most urbanized state among the major Indian states is?

What is the difference between GNP & NNP?