inclusive growth, sustainable development & employment section 5 MCQ Questions & Answers Detailed Explanation

Answer: (b)

Some economists believe that economic growth is meaningless if it is not distributed across different segments of the population.

So per capita income is considered by some as a better indicator of economic growth since it measures the average income earned per person in a country in a specified year.

It serves as an indicator of a country's living standards and how wealth or income is distributed across the population.

However, to a vast majority, Gross Domestic Product (GDP) is the most comprehensive measure of overall economic performance.

Answer: (b)

Answer: (b)

Depression is referred to a period of time during which economic activity is so low for such a long period of time that large numbers of people are permanently unemployed.

The Great Depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).

Answer: (a)

Answer: (d)

Answer: (b)

The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.

In other words, the IMT scheme allows customers to withdraw cash without using either debit card or credit card at BoI’s IMT-enabled ATMs.