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UP Board Class 10 Economic Development & Banking — practice questions — page 2

Explore 110 free Economic Development & Banking questions in UP Board 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 31–60 of 110.

Which of these is NOT a non-material goal of development?Read the answer and worked solution →Comparing two countries by total income is misleading becauseRead the answer and worked solution →Which of these is a renewable resource sometimes used as a development indicator?Read the answer and worked solution →The Brundtland Commission Report introducing the concept of 'Sustainable Development' was published inRead the answer and worked solution →Which of these is a resource based on the criterion of OWNERSHIP?Read the answer and worked solution →Conflicting developmental goals can arise whenRead the answer and worked solution →Purchasing Power Parity (PPP) is used toRead the answer and worked solution →Which institution publishes the Human Development Report?Read the answer and worked solution →Activities like agriculture, mining, fishing, and forestry belong to which sector?Read the answer and worked solution →Manufacturing activities belong to which sector?Read the answer and worked solution →Banking, insurance, transport and storage belong to which sector?Read the answer and worked solution →Gross Domestic Product (GDP) isRead the answer and worked solution →Disguised unemployment is typically found in which sector?Read the answer and worked solution →Which sector employs the largest share of India's workforce despite contributing less to GDP?Read the answer and worked solution →MGNREGA (2005) was enacted to addressRead the answer and worked solution →The unorganised sector employsRead the answer and worked solution →Which one of these is part of the PUBLIC sector?Read the answer and worked solution →Which one is part of the PRIVATE sector?Read the answer and worked solution →'Sunrise sectors' in India's economy includeRead the answer and worked solution →Final goods areRead the answer and worked solution →Workers in the unorganised sector need protection mainly becauseRead the answer and worked solution →The proportion of workers in the unorganised sector among total workers in India is roughlyRead the answer and worked solution →'Underemployment' meansRead the answer and worked solution →Workers in the unorganised sector are best protected byRead the answer and worked solution →Money in its modern form isRead the answer and worked solution →Currency notes in India are issued byRead the answer and worked solution →A 'double coincidence of wants' is necessary inRead the answer and worked solution →Approximately what percentage of bank deposits do Indian banks keep as cash reserves?Read the answer and worked solution →Collateral isRead the answer and worked solution →Self-Help Groups (SHGs) typically haveRead the answer and worked solution →

Worked practice questions

Which of these is NOT a non-material goal of development?

  1. Per capita income
  2. Equal treatment
  3. Security
  4. Freedom
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Correct answer: A. Per capita income

1. Freedom, equal treatment and security are non-material goals. 2. Per capita income is a material/economic goal. 3. Development requires a mix of both. _Source: syllabus Understanding Economic Development, Ch 1 "Development"_

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Comparing two countries by total income is misleading because

  1. currencies differ
  2. populations differ
  3. exchange rates change
  4. GDP cannot be measured
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Correct answer: B. populations differ

1. Two countries with same total income but different populations are not equally well-off. 2. Hence we use per capita (average) income for comparison. 3. This standardises by population. _Source: syllabus Understanding Economic Development, Ch 1 "Development"_

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Which of these is a renewable resource sometimes used as a development indicator?

  1. Coal
  2. Petroleum
  3. Solar energy
  4. Iron ore
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Correct answer: C. Solar energy

1. Solar energy is a renewable, replenishable resource. 2. Coal, petroleum and iron ore are non-renewable. 3. Sustainable development prefers renewables for long-term growth. _Source: syllabus Understanding Economic Development, Ch 1 "Development"_

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