Question

EAST WEST INTERNATIONAL SCHOOL
HOOTAGALLI - MYSORE
nswer the following questions.
1. Define per capitalincome? What are the limitations in using the per capita income
as a development indicator?
2. Explain the criterion used by the World Bank to classify the countries.
3. Apart from Income what are the other requirement to lead a standard life?
4. What do you mean by BBI? How to calculate it?
5. What is sustainable development? Why it is important for development?
6. Why do different people have different goals for development?
7. Describe the classification of economic activities.
8. What is
9. GDP? What precaution we need to take while calculating it? Why?
10. Give reasons for the rise in the tertiary sector's production.
11. Not all of the service sector is growing equally well. Justify your answer.
12. Suggest some methods to create more employment?
13. Write a brief note on MGNREGA 2005.
14. Brief about the classification of economy on the basis of working conditions?
15. List out the vulnerable people who need protection in unorganized sector?
16. How the three sectors of economy are interdependent?
17. What is double coincidence of wants? How does money solve the problem of double
coincidence?
18. What is demand deposit? How it share the essential features of money?
19. How do banks mediate between those who have surplus money and those who need
money?
20. What is collateral? Why do bank need it?
21. Brief about the terms of credit?
22. Mention the different sources of loans.
23. Cheap and affordable credit is crucial for the development of the country. Give reasons.
24. Mention any three ways to reduce the dependence of rural people on informal source of
credit.
5. Write a note on self-help group.
6. What do you mean by MNCs? Describe any four factors required to set up MNCs. Explair
various ways in which markets of different countries can be inter-connected?
7. What is trade barrier? Why Indian government had put trade barriers after independence?​

Answer 1

Answer:

per capita income is the total income of the country divided by total population

it is also known as average income

limitation:

it does not tell us how this income is disturbed among the people

and the health , education etc... status of the country