Class X Economics | Chapter 1 | Development | Extra Questions

Here are important questions from the chapter Development.

1. Define national income

National income is the total value of all final goods and services produced in a country plus the net value of all financial transactions like export and import with other countries.

2. What is GDP or Gross Domestic Product?

GDP is the net value of all goods and services produced in a country in a particular year.

3. The total income of a country is not used to make comparisons among them. Why?

Different countries have different populations and as such the total income is not a true indicator of the development of a nation because a country with a large population will naturally have a higher total income. In order to get a clearer picture of the financial situation of individuals, it is essential to divide the total income by the total population. Even this method has its limitations because by dividing the total income by the total number of people living in a country we only get the average per capita income. It does not show the distribution of wealth as some people can be very rich and some can be very poor.  Because of these reasons the total income is not used to compare countries.

4. When we measure the literacy rate, people belonging to which age group are considered?

Those aged 7 and above

5. Which Indian state has the lowest infant mortality rate?

Kerala

6. What is the Human Development Index?

It is a composite index of a nation in terms of their achievement in three different areas such as education, longevity and standard f living.

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7. Which report is published by comparing countries on the basis of their health status, educational level and per capita income?

Human Development Report

8. What is life expectancy?

It is the average number of years a person is expected to live at birth.

9. Why do we calculate per capita income?

Per capita income is calculated by dividing the total income of a country by the number of people living in it. While the per capita income does not tell us exactly how much income a particular person has, it does give us a decent understanding of the financial situation of people in a country. For this reason, per capita income is used to compare the development of nations. Developed countries have a higher per capita income and poor countries have a lower per capita income.

10. What do we mean by final goods and services?

Activities in the primary, secondary and tertiary sector produce a large number of goods and services that are good for consumption or investment. These are the final goods and services.

11. Why does the World Bank calculate the per capita income of different countries in dollars and not in their own currencies?

The World Bank calculates the per capita income of different countries in dollars because since World War II, dollar has been the strongest and stablest country. Because of these reasons, comparing per capita income of different countries is easier when they are converted into a common currency like Dollar.

12. What is development for one may not be development for another. Explain with suitable examples.

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Different people have different ideas of development because their life situations are different. For example, when dams are built across rivers, it leads to the development of the people who will get to benefit from the dam water. On the other hand, thousands of people are displaced from their native place for the construction of such projects and it is not development for them.

13. Define infant mortality rate

Infant mortality rate is the number of infant deaths for every 1000 live births in a particular year.

14. Define literacy rate

It is the proportion of literate people who are aged 7 or above.

15. Define net attendance ratio

It is the total number of children aged between 6 and 10 attending school as a percentage of the total number of children in the same group.

16. BMI

BMI or Body Mass Index is the measure of body fat based on height and weight. It is calculated by dividing the weight of a person in kilograms (kgs) by the square of their height in metres.

Class X Economics Chapter 1 Development | Free NCERT Solutions
Class X Economics Chapter 1 | Development | Extra Questions
Class X Economics | Chapter 1 | Development | Important Questions
Class X Economics Chapter 2 | Sectors of the Indian Economy | Expected Questions | Part 1
Class X Economics Chapter 2 | Sectors of the Indian Economy | Expected Questions | Comparing the three sectors
Class X Economics Chapter 2 | Primary, Secondary And Tertiary Sectors
Class X Economics Chapter 2 | Division of Sectors As Organized And Unorganized
Class X Economics Chapter 2 | Sectors In Terms Of Ownership
Class X Economics Chapter 3 | Money and Credit | Important Questions
Class X Economics Chapter 4 | Globalization and the Indian economy | Important questions
Class X Economics Chapter 5 | Consumer Rights | Important Questions

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