inclusive growth, sustainable development & employment section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Inclusive growth, Sustainable development and employment PRACTICE TEST [6 - EXERCISES]
inclusive growth, sustainable development & employment section 1
inclusive growth, sustainable development & employment section 2
inclusive growth, sustainable development & employment section 3
inclusive growth, sustainable development & employment section 4
inclusive growth, sustainable development & employment section 5
inclusive growth, sustainable development & employment section 6
Question : 24 [SSC CGL 2015]
The difference in the value of visible exports and visible imports is called :
a) Balance of Trade
b) Balance of Payments
c) Balance of Account
d) Balance Sheet of items
Answer »Answer: (a)
Balance of Trade refers to the difference between the value of a country’s visible imports and visible exports.
Also known as the visible balance, it forms part of the balance of payments current account. When the value of visible imports totals more than the value of visible exports, it is known as an adverse balance of trade.
Question : 25 [SSC CHSL 2016]
Which is the parameter for the economic development ?
a) Per capita rural income
b) National income
c) Population
d) Per capita monetary income
Answer »Answer: (d)
A majority of economists such as Simon Kuznets, Meier and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable index of economic development.
However, the UNO experts in their report on ‘Measures of Economic Development of Under-Developed Countries’ have Per Capita Real Income as the best measurement of economic development.
They contend that economic growth is meaningless if it does not improve the standard of living of the common masses. They define economic development as a process by which the real per capita income increases over a long period of time.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Inclusive Growth & SDGs GK MCQ Quiz For SSC IBPS »
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500+ Indian Economy SDG & Employment GK MCQ Quiz For UPSC »
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New 499+ Sustainable Development Goals GK MCQ Quiz PDF »
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500+ Inclusive Growth & Economic Development GK MCQ Quiz »
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499+ Inclusive Growth & Sustainable Development MCQ Quiz »
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Top Sustainable Development & Basel Convention GK MCQ PDF »
Inclusive growth, Sustainable development and employment Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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