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Maharashtra SSC (Class 10) Economic Development & Banking — practice questions

Explore 94 free Economic Development & Banking questions in Maharashtra SSC (Class 10) Social Science. Open each question or exercise to read its content, reference answers and available explanation.

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Economic Development & Banking questions and exercises with answers

Showing questions 1–30 of 94.

The World Bank uses which criterion to classify and compare the development of countries?Read the answer and worked solution →Per capita income is calculated as:Read the answer and worked solution →Apart from income, which of the following is also a developmental goal that people seek?Read the answer and worked solution →Infant Mortality Rate (IMR) indicates the number of children who die before the age of one year per:Read the answer and worked solution →The literacy rate measures the proportion of the literate population in the age group of:Read the answer and worked solution →Body Mass Index (BMI) is used by health workers to find out whether adults are:Read the answer and worked solution →Sustainable development means using resources in a way that:Read the answer and worked solution →Two countries with the same per capita income may still differ in development because of differences in:Read the answer and worked solution →A key reason average income is used rather than total income to compare countries is that it:Read the answer and worked solution →Life expectancy, as a development indicator, denotes the:Read the answer and worked solution →Money overcomes the difficulty of the barter system known as the:Read the answer and worked solution →The function of money by which it is universally accepted in exchange for goods and services is the:Read the answer and worked solution →Using money as a common measuring rod to express the value of all goods is its function as a:Read the answer and worked solution →Money that the law makes obligatory to accept in settlement of debt is called:Read the answer and worked solution →The bank that controls the money supply and acts as the banker to the government in India is the:Read the answer and worked solution →The minimum percentage of deposits that commercial banks must keep with the central bank is the:Read the answer and worked solution →The rate at which the central bank lends short-term funds to commercial banks is the:Read the answer and worked solution →Deposits that can be withdrawn on demand, such as in a current or savings account, are called:Read the answer and worked solution →The currency held by the public plus the reserves of commercial banks together form the:Read the answer and worked solution →Commercial banks are able to create credit primarily on the basis of their:Read the answer and worked solution →In a barter economy, exchange requires that each party wants exactly what the other offers, which is the problem of:Read the answer and worked solution →Acting as the 'lender of the last resort' to commercial banks is a function performed by the:Read the answer and worked solution →The total stock of money in circulation among the public at a point of time is called:Read the answer and worked solution →As per your syllabus, what is the LITERACY RATE?Read the answer and worked solution →As per your syllabus, what is the SECONDARY sector?Read the answer and worked solution →Per capita income is best defined as:Read the answer and worked solution →The Infant Mortality Rate (IMR) measures:Read the answer and worked solution →A Mumbai dabbawala delivering office tiffin is engaged in which sector?Read the answer and worked solution →Approximately what proportion of India's workforce is engaged in the UNORGANISED sector?Read the answer and worked solution →In India, the authority that issues currency notes and coins is the:Read the answer and worked solution →

Worked practice questions

The World Bank uses which criterion to classify and compare the development of countries?

  1. average (per capita) income
  2. literacy rate alone
  3. total land area
  4. total population
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Correct answer: A. average (per capita) income

The World Bank compares countries by average (per capita) income.

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Per capita income is calculated as:

  1. national income minus expenditure
  2. national income divided by total population
  3. national income multiplied by population
  4. total exports divided by imports
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Correct answer: B. national income divided by total population

Per capita income = national income / total population.

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Apart from income, which of the following is also a developmental goal that people seek?

  1. only higher taxes
  2. security, freedom and respect
  3. only larger population
  4. only more factories
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Correct answer: B. security, freedom and respect

People want security, freedom, respect and equal treatment besides income.

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