Please select a subject first
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Read the following statements carefully:
Statement 1: The induced consumption shows, the direct relation between consumption and income.
Statement 2: With a certain increase in income, induced consumption also increases.
In the light of the given statements, choose the correct alternative from the following:
Concept: Aggregate Demand and Its Components >> Consumption
China initiated ______ in 1958, that aimed at industrializing the country on a massive scale.
Concept: Developmental Path - a Snapshot View
______ acts as a measure of 'the extent of democratic participation in social and political decision-making.'
Concept: Indicators of Human Development
Statement 1: Amongst India, China and Pakistan, China is the largest nation and has the higest population density.
Statement 2: One-child policy introduced in the late 1970s in china led to a considerable decline in the population growth rate.
In the light of the given statements, choose the correct alternative from the following:
Concept: Developmental Path - a Snapshot View
On the basis of the data given below, identify the incorrect statement in terms of annual growth of GDP (%): (Choose the correct alternative)
| Annual Growth of Gross Domestic Product (%) 1980-2017 | ||
| Country | 1980-90 | 2015-2017 |
| India | 5.7 | 7.3 |
| China | 10.3 | 6.8 |
| Pakistan | 6.3 | 5.3 |
Concept: Gross Domestic Product and Sectors
On the basis of the given data:
| Some Selected Indicators of Human Development, 2017-2019 | |||
| Item | India | China | Pakistan |
| Human Development Index (Value) | 0.645 | 0.761 | 0.557 |
| Rank (based on HDI) | 130 | 87 | 154 |
| Life Expectancy at Birth (years) | 69.7 | 76.9 | 67.3 |
| Mean years of Schooling (% aged 15 and above) |
6.5 | 8.1 | 5.2 |
| Gross National Income per capita (PPP US$) | 6681 | 16.057 | 5005 |
| Percentage of people living Below Poverty Line (National) | 21.9* | 1.7** | 24.3* |
| Infant Mortality Rate (per 1000 live births) |
29.9 | 7.4 | 57.2 |
| Maternal Mortality Rate (per 1 lakh births) |
133 | 29 | 140 |
| Population using at least basic Sanitation (%) | 60 | 75 | 60 |
| Population using at least basic drinking Water Source (%) | 93 | 96 | 91 |
| Percentage of Undernourished Children | 37.9 | 8.1 | 37.6 |
- Identify one income indicator and one health indicator, each.
- Compare India and China on the basis of any one of the indicator identified above in part (i)
Concept: Indicators of Human Development
If in an economy, the Investment Multiplier is 4 and Autonomous Consumption is ₹ 30 crore, the relevant consumption function would be ______.
Concept: Aggregate Demand and Its Components >> Consumption
Statement 1: Great Proletarian Cultural Revolution was introduced in China in 1950's.
Statement 2: China's growth is mainly contributed by the manufacturing sector.
In the light of given statements, choose the correct alternative from the following:
Concept: Developmental Path - a Snapshot View
Identify the incorrect statement from the following:
Concept: Demographic Indicators
Assertion (A): During 1980's, economic growth rate of Pakistan was more than that of India.
Reason (R): Pakistan followed the path of mixed economic structure with equal participation of the public and the private sector.
Concept: Development Strategies - an Appraisal
Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China:
Annual Growth of Gross Domestic Product
| Country | 1980 - 90 | 2015 - 17 |
| India | 5.7 | 7.3 |
| China | 10.3 | 6.8 |
Concept: Gross Domestic Product and Sectors
Statement 1: In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.
Statement 2: Aggregate demand curve always start from point of origin with positive slope.
In the light of given statements, choose the correct alternative from the following:
Concept: Aggregate Demand and Its Components
Explain the chain effects, if the prevailing market price is below the equilibrium price.
Concept: Equilibrium Price
What is perfect oligopoly?
Concept: Market Forms - Perfect Oligopoly
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
Concept: Measures of Government Deficit
Explain how government budget can used to bring in price stability in the economy.
Concept: Objectives of Government Budget
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on a collection of taxes.
Concept: Classification of Expenditure
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
Concept: Objectives of Government Budget
Giving reason, state whether the following statement is true or false.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.
Concept: Equilibrium Price
Distinguish between revenue deficit and fiscal deficit.
Concept: Measures of Government Deficit
