For development, people look at a mix of ______.

a) goals

b) responsibilities

c) accountability

d) none of the above

Answer: Option (a) goals

To compare the development of countries, their _______ is considered to be one of the most important attributes.

a) income

b) population

c) demographics

d) none of the above

Answer: Option (a) income

Since countries have different _______, comparing total income will not tell us what an average person is likely to earn.

a) economic policies

b) reserves

c) resources

d) populations

Answer: Option (d) populations

In World Development Reports, brought out by the_________, per capita income criterion is used in classifying countries.

a) UNICEF

b) World Bank

c) World Economic Forum.

d) United Nations

Answer: Option (b) World Bank

Countries with per capita income of US$ 12616 per annum and above in 2012 are called ______.

a) underdeveloped countries

b) developing countries

c) poor countries

d) rich countries

Answer: Option (d) rich countries

India comes in the category of ________ countries because its per capita income in 2012 was just US$ 1530 per annum.

a) low middle income

b) middle income

c) high middle income

d) none of the above

Answer: Option (a) low middle income

Among the following states, __________ has the highest per capita income as per 2012-13 figures.

a) Maharashtra

b) Bihar

c) Kerala

d) Jharkhand

Answer: Option (a) Maharashtra

Infant Mortality Rate (IMR) indicates the number of children that die before the age of ____________ as a proportion of 100 live children born in that particular year.

a) four years

b) one year

c) two years

d) three years

Answer: Option (b) one year

Literacy rate measures the proportion of the literate population in the _________ age group.

a) 10 and above

b) 21 and above

c) 7 and above

d) 18 and above

Answer: Option (c) 7 and above

Net Attendance Ratio is the total number of children of the age group ________ attending school as a percentage of the total number of children in the same age group.

a) 17 and 18 years

b) 9 and 10 years

c) 12 and 13 years

d) 14 and 15 years

Answer: Option (d) 14 and 15 years

As per the 2011 census, which among the following states has the highest literacy rate?

a) Kerala

b) Maharashtra

c) Bihar

d) Odisha

Answer: Option (a) Kerala

As per the 2011 census, which among the following states has the highest infant mortality rate per 1000 live births?

a) Kerala

b) Bihar

c) Maharashtra

d) All of the above

Answer: Option (b) Bihar

From the given table in the chapter, which state has the highest net attendance ratio?

a) Gujarat

b) Maharashtra

c) Kerala

d) Bihar

Answer: Option (c) Kerala

If the Body Mass Index (BMI) is _________, then the adult person would be considered undernourished.

a) less than 18.5

b) less than 10.5

c) less than 25.5

d) less than 28.5

Answer: Option (a) less than 18.5

If the Body Mass Index (BMI) is _________, then the adult person would be considered overweight.

a) more than 18

b) more than 30

c) more than 45

d) more than 25

Answer: Option (d) more than 25

Human Development Report published by UNDP compares countries based on _________.

a) health status

b) per capita income

c) educational levels of the people

d) all of the above

Answer: Option (d) all of the above

As per the 2013 report, ________ had the HDI rank of 135 in the world.

a) Sri Lanka

b) Pakistan

c) India

d) Bangladesh

Answer: Option (c) India

Among the following South Asian countries, ______ had the highest life expectancy at birth.

a) Myanmar

b) Sri Lanka

c) Nepal

d) India

Answer: Option (b) Sri Lanka

Agriculture, dairy, fishing, and forestry are examples of ________.

a) tertiary Sector

b) secondary Sector

c) primary Sector

d) none of the above

Answer: Option (c) primary Sector

The ___________covers activities in which natural products are changed through manufacturing that we associate with industrial activity.

a) secondary sector

b) tertiary sector

c) primary sector

d) none of the above

Answer: Option (a) secondary sector

Which of the following comes under the tertiary sector?

a) transport

b) communication

c) both (a) & (b)

d) none of the above

Answer: Option (c) both (a) & (b)

__________ shows how big the economy of a country is.

a) GSDP

b) GDP

c) PPP

d) None of the above

Answer: Option (b) GDP

In India, ____________ was the least producing sector in 2010-11.

a) primary sector

b) secondary sector

c) tertiary sector

d) quaternary sector

Answer: Option (a) primary sector

In India, which sector grew the maximum from 1970-71 to 2010-11?

a) primary sector

b) secondary sector

c) tertiary sector

d) quaternary sector

Answer: Option (c) tertiary sector

In 1970-71, which sector produced the maximum in India?

a) tertiary sector

b) secondary sector

c) primary sector

d) quaternary sector

Answer: Option (c) primary sector

The _______ continues to be the largest employer in India.

a) quaternary sector

b) tertiary sector

c) secondary sector

d) primary sector

Answer: Option (d) primary sector

In India, from 1970 to 2010, while production in the service sector rose by more than 14 times, employment in the service sector rose around _____.

a) five times

b) twenty times

c) ten times

d) none of the above

Answer: Option (a) five times

Workers in ______________ sector are under-employed.

a) IT

b) agricultural

c) manufacturing

d) none of the above

Answer: Option (b) agricultural

More than half of the workers in the country are working in the primary sector, mainly in _________.

a) fishing

b) mining

c) agriculture

d) none of the above

Answer: Option (c) agriculture

As per the same study by the former Planning Commission, if tourism as a sector is improved, every year we can give additional employment to more than _______ people.

a) 20 lakhs

b) 25 lakhs

c) 10 lakhs

d) 35 lakhs

Answer: Option (d) 35 lakhs

The National Rural Employment Guarantee Act was passed by the Government of India in __________.

a) 2005

b) 2010

c) 2004

d) 2014

Answer: Option (a) 2005

Under NREGA 2005, all those who are able to and are in need of work are guaranteed _______ of employment in a year by the government.

a) 180 days

b) 50 days

c) 200 days

d) 100 days

Answer: Option (d) 100 days

The unorganised sector is characterised by small and scattered units which are largely outside the control of the _______.

a) employers

b) private individuals

c) government

d) employees

Answer: Option (c) government

In India, _____________ issues currency notes on behalf of the Central Government.

a) Reserve Bank of India (RBI)

b) Ministry of Finance

c) Finance Commission

d) None of the above

Answer: Option (a) Reserve Bank of India (RBI)

Banks in India these days hold about _________ of their deposits as cash.

a) 25 per cent

b) 20 per cent

c) 15 per cent

d) 5 per cent

Answer: Option (c) 15 per cent

Banks use the major portion of the deposits to ______.

a) Extend loans

b) Invest in infrastructure

c) Deposit in foreign banks

d) None of the above

Answer: Option (a)

In rural areas, the main demand for credit is for ________.

a) Purchasing land

b) Purchasing a house

c) Medical expenses

d) Crop production

Answer: Option (d) Crop production

Which of the following is an example of collateral?

a) Livestock

b) Land

c) Deposits with banks

d) All of the above

Answer: Option (d) All of the above

What are the different components of the terms of credit?

a) Interest rate

b) Documentation requirements

c) Collateral

d) All of the above

Answer: Option (d) All of the above

Which of the following are examples of informal sector loans?

a) Moneylenders

b) Traders

c) Cooperatives

d) Only (a) and (b)

Answer: Option (d) Only (a) and (b)

As of 2012, the major source of credit to rural households in India was _______.

a) Moneylenders.

b) Commercial banks.

c) Cooperative societies.

d) Relatives and friends.

Answer: Option (a) Moneylenders.

___________ of the loans taken by poor households in the urban areas are from informal sources.

a) 85 per cent

b) 70 per cent

c) 65 per cent

d) 50 per cent

Answer: Option (a) 85 per cent

___________ of the loans taken by rich households in the urban areas are from formal sources.

a) 20 per cent

b) 10 per cent

c) 15 per cent

d) 90 per cent

Answer: Option (d) 90 per cent

___________ of the loans taken by well-off households in the urban areas are from formal sources.

a) 54 per cent

b) 64 per cent

c) 72 per cent

d) 90 per cent

Answer: Option (c) 72 per cent

___________ of the loans taken by households with few assets in the urban areas are from informal sources.

a) 72 per cent

b) 28 per cent

c) 53 per cent

d) 47 per cent

Answer: Option (c) 53 per cent

___________ provides the advantage of being a cheap manufacturing location.

a) China

b) Japan

c) South Korea

d) None of the above

Answer: Option (a) China

Cargill Foods, a very large ________ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.

a) Dutch

b) French

c) British

d) American

Answer: Option (d) American

__________, footwear, and sports items are examples of industries where production is carried out by a large number of small producers around the world.

a) Confectionery

b) Garments

c) Petroleum products

d) None of the above

Answer: Option (b) Garments

__________, an American company, is one of the world’s largest automobile manufacturers, with production spread over 26 countries of the world.

a) Ford Motors

b) Porsche

c) Audi

d) None of the above

Answer: Option (a) Ford Motors

Ford Motors came to India in _______ and spent Rs. 1700 crore to set up a large plant near Chennai.

a) 1995

b) 1999

c) 1990

d) 1998

Answer: Option (a) 1995

When Ford established its manufacturing plant in India, it collaborated with _______.

a) Hero Motors

b) Maruti Suzuki

c) Tata Motors

d) Mahindra & Mahindra

Answer: Option (d) Mahindra & Mahindra

Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and _______.

a) Brazil

b) Argentina

c) Chile

d) None of the above

Answer: Option (a) Brazil

Chinese toys have become more popular in the Indian markets. Within a year, ___________ of the toy shops have replaced Indian toys with Chinese toys.

a) 50 to 60 per cent

b) 80 to 90 per cent

c) 100 per cent

d) 70 to 80 per cent

Answer: Option (d) 70 to 80 per cent

_________ have led to a huge reduction in port handling costs and increased the speed with which exports can reach markets.

a) Containers

b) Cranes

c) Elevators

d) None of the above

Answer: Option (a) Containers

The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.

a) Air transport, airlines

b) Road transport, four wheelers

c) Rail transport, railways

d) None of the above

Answer: Option (a) Air transport, airlines

Removing barriers or restrictions set by the government is known as _____.

a) Globalisation

b) Disinvestment

c) Privatisation

d) Liberalisation

Answer: Option (d) Liberalisation

Nearly _________ countries of the world are members of the WTO as of June 2014.

a) 50

b) 100

c) 160

d) 200

Answer: Option (c) 160

Started at the initiative of the ________, WTO establishes rules regarding international trade and sees that these rules are obeyed.

a) Middle-income countries

b) Poor countries

c) Developing countries

d) Developed countries

Answer: Option (d) Developed countries

The Consumer Movement started rising in India as a social force due to ______.

a) Rampant food shortages

b) Unethical and unfair trade practices

c) Adulteration of food and edible oil

d) All of the above

Answer: Option (d) All of the above

The Consumer Movement started rising in India in an organised form in the _________.

a) 1960s

b) 1950s

c) 1980s

d) 1990s

Answer: Option (a) 1960s

Till the __________, consumer organisations were largely engaged in writing articles and holding exhibitions.

a) 1990s

b) 1950s

c) 1960s

d) 1970s

Answer: Option (d) 1970s

In 1985, the _________ adopted the Guidelines for Consumer Protection. This was a tool for nations to adopt measures to protect consumers and for consumer advocacy groups.

a) World Trade Organisation

b) United Nations

c) World Economic Forum

d) None of the above

Answer: Option (b) United Nations

Today, Consumers International has become an umbrella body to over 220 member organisations from over __________ countries.

a) 85

b) 105

c) 115

d) 50

Answer: Option (c) 115

A major step taken by the Indian Government was the enactment of the Consumer Protection Act ________, popularly known as COPRA.

a) 1991

b) 1999

c) 1984

d) 1986

Answer: Option (d) 1986

Rules have been made so that the manufacturer displays this information, it is because consumers have the _________ about the particulars of goods and services that they purchase.

a) Right to be informed

b) Right to equality

c) Right to choice

d) None of the above

Answer: Option (a) Right to be informed

In ________, the Government of India enacted a law popularly known as RTI (Right to Information) Act.

a) June 2010

b) August 2004

c) September 2006

d) October 2005

Answer: Option (d) October 2005

Any consumer who receives a service in whatever capacity, regardless of age, gender and nature of service, has the ___________ whether to continue to receive the service.

a) Right to choose

b) Right to reject

c) Right to accept

d) None of the above

Answer: Option (a) Right to choose

Consumers have the __________ against unfair trade practices and exploitation.

a) Right to reject

b) Right to information

c) Right to choose

d) Right to seek redressal

Answer: Option (d) Right to seek redressal

Under COPRA, a ________ quasi-judicial machinery was set up for the redressal of consumer disputes.

a) Three-tier

b) One-tier

c) Two-tier

d) Four-tier

Answer: Option (a) Three-tier

The district-level court deals with consumer disputes cases involving claims up to ________.

a) Rs. 20 lakhs

b) Rs. 50 lakhs

c) Rs. 70 lakhs

d) None of the above

Answer: Option (a) Rs. 20 lakhs

India has been observing __________ as National Consumers’ Day.

a) December 24th

b) November 24th

c) May 24th

d) April 24th

Answer: Option (a) December 24th

For consumer disputes, the state-level courts deal with cases involving claims between Rs. 20 lakhs and ___________.

a) Rs. 75 lakhs

b) Rs. 50 lakhs

c) Rs. 2 crores

d) Rs. 1 crore

Answer: Option (d) Rs. 1 crore

It was on 24th December that the Indian Parliament enacted the _______ in 1986.

a) NREGA Act

b) Right to Information Act

c) Consumer Protection Act

d) None of the above

Answer: Option (c) Consumer Protection Act

The national level court deals with consumer dispute cases involving claims exceeding _________.

a) Rs. 1 crore

b) Rs. 75 Lakhs

c) Rs. 2 Crores

d) None of the above

Answer: Option (a) Rs. 1 crore

________, Agmark or Hallmark logos and certification help consumers get assured of quality while purchasing the goods and services.

a) GI

b) SII

c) IGI

d) ISI

Answer: Option (d) ISI