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State PSC Current Affairs — practice questions — page 7

Explore 347 free Current Affairs questions in State PSC Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Current Affairs questions and exercises with answers

Showing questions 181–210 of 347.

For a long time, the main channel connecting countries was:Read the answer and worked solution →Foreign trade connects markets in different countries, resulting in:Read the answer and worked solution →Globalisation is defined as the process of rapid ___ between countries.Read the answer and worked solution →Which transport innovation cut port handling costs and speeded exports?Read the answer and worked solution →A tax on imports is an example of a:Read the answer and worked solution →Removing restrictions set by the government on trade and investment is known as:Read the answer and worked solution →The World Trade Organisation aims to:Read the answer and worked solution →How many countries are members of the WTO, per the text?Read the answer and worked solution →Industrial zones with world class facilities set up to attract foreign investment are called:Read the answer and worked solution →Catch the globalisation driversRead the answer and worked solution →Pop the MNC methodsRead the answer and worked solution →Run the globalisation numbersRead the answer and worked solution →Slice the globalisation wordsRead the answer and worked solution →Barrier or liberalisationRead the answer and worked solution →Sort the globalisation cluesRead the answer and worked solution →Type the numberRead the answer and worked solution →Globalisation bingoRead the answer and worked solution →Every fourth Indian is poor. Roughly how many people lived in poverty in 2011-12?Read the answer and worked solution →The accepted average calorie norm for the rural poverty line is, per person per day:Read the answer and worked solution →The urban calorie norm used for the poverty line is, per person per day:Read the answer and worked solution →For 2011-12, the rural poverty line per person per month was fixed at:Read the answer and worked solution →The urban poverty line per person per month for 2011-12 was:Read the answer and worked solution →In 2011-12, a rural family of five earning below about how much a month was below the poverty line?Read the answer and worked solution →The World Bank's uniform international poverty line is:Read the answer and worked solution →India's poverty ratio fell from about 45 per cent in 1993-94 to about what in 2011-12?Read the answer and worked solution →The number of poor fell from 407 million in 2004-05 to how many in 2011-12?Read the answer and worked solution →In 2011-12, how many of every 100 Scheduled Tribe persons could not meet basic needs?Read the answer and worked solution →Which two states remain the poorest, with poverty ratios of 33.7 and 32.6 per cent?Read the answer and worked solution →Which states traditionally reduced poverty through high agricultural growth rates?Read the answer and worked solution →West Bengal reduced poverty mainly through:Read the answer and worked solution →

Worked practice questions

For a long time, the main channel connecting countries was:

  1. Migration
  2. Colonial war
  3. Foreign trade
  4. Foreign aid
Show answer and solution

Correct answer: C. Foreign trade

1. Trade routes linked India to East and West. 2. Foreign trade was the main channel. 3. It lets producers reach beyond domestic markets. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

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Foreign trade connects markets in different countries, resulting in:

  1. Integration of markets
  2. Isolation of markets
  3. Closing of local shops
  4. Permanently fixed prices
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Correct answer: A. Integration of markets

1. Prices of similar goods tend to equalise. 2. The result is integration of markets. 3. Producers compete across thousands of miles. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

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Globalisation is defined as the process of rapid ___ between countries.

  1. Emigration
  2. Integration
  3. Separation
  4. Confrontation
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Correct answer: B. Integration

1. Goods, services, investment and technology move. 2. It is rapid integration or interconnection. 3. MNCs play a major role. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

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More Economics topics

Indian EconomyOrganisationsPlanning And EconomyIndian PolityAgricultureIndependent IndiaColonial IndiaModern Indian History