economics chapter 1 development: important questions and answers

 important questions and answers related to Chapter 1 of Economics, which can be useful for the students preparing for the UP Board Exams. This post discusses important topics like definition and importance of economics, difference between individual and collective production and other fundamental concepts in detail. By reading and studying the questions and answers provided in this post, students can get a better understanding of Economics and increase their chances of success in the UP Board Exams.

 

  Very short answer type questions?

Question 1. What is meant by human development?

Answer- Human development means that a person should be developed in such a way that he can lead a creative life according to his talent. 

Question 2. What is the position of India according to the World Development Report 2017 of the World Bank?

Answer- According to the World Development Report 2017 of the World Bank, India is a low-income country. The per capita income is only US$1820.

Question 3.  What is the rank of India in Human Development Index?

Answer-  India's rank in Human Development Index 2017 is 130th.

Question 4. What is meant by Net Attendance Ratio?

Answer : The percentage of total children in the age group of 6-10 years attending school to the total children of that age group is called Net Attendance Ratio.

Question 5. What is meant by Human Development Index?

'Answer- A criterion kept by the United Nations, by which the place of different countries of the world is determined on the basis of social and economic achievements.

 Question 6. What is meant by infant mortality rate?

Answer- The proportion of children who die before the age of one year per 1000 live children per year is called infant mortality rate.

Question 7.  State three desired social objectives by the people of a country.

Answer – (1) Normal behaviour, (2) Social peace and security, (3) Respect by other people.

Question 8. What is meant by per capita income?

Answer- The income earned by the common residents of a country is called per capita income.

Question 9. What is meant by sustainable development?

OR Why is the issue of sustainability important for development?

Answer- There should be economic development of the country, but there should not be any kind of damage to the environment, nor should the coming generation face any kind of problem. 

Question 10. What is meant by economic development?

Answer- Economic development is the situation in which a country makes so much progress in the field of economy, which is more than its population growth rate.

Question 11. What is meant by national income?

Answer- In an accounting year, when the income received from abroad is added to the income received from all economic activities within the country, then national income is obtained.

Question 12. Why is literacy essential for human development?

Ans- Literacy increases human capabilities, which makes humans efficient. That's why literacy is considered an important element of human development.

Question 13. What is the main point of women empowerment in India?

Answer- The main point of women empowerment in India is 'development'. 

Question 14. In which two ways can economic growth be presented?

Ans- (1) Increase in GDP, (2) Increase in average GDP.

Q 15. What is the adult literacy rate?

Answer- The rate or percentage of people aged 15 years or more who can read and write some small and simple details in their daily life is called adult literacy rate.

Question 16. State three economic goals desired by the people of a country.

Ans- (1) Regular employment, (2) Fair wages, (3) Appropriate prices for their crops or products.

Question 17. Why is the infant mortality rate lower in Kerala than in other states ?

Answer- Kerala has the highest literacy compared to other states as compared to the whole country. Due to literacy, people have awareness about health and life. In such a situation, the people of Kerala are aware of controlling the infant mortality rate.

Question 18. Write the meaning of average income.

Answer- The income obtained by dividing the total income of a country by its population is called average income.