Social Science Class 10 Important Questions
Economics Chapter 1 Development Class 10
Important Questions
Very Short Answer Questions (VSA) 1 Mark
Question 1.
Define the term National Income?
Answer:
National income is defined as the total value of all final goods and services produced
with a country plus net income from transactions like (export and import) with other
countries.
Question 2.
Define GDP. (2012)
Answer:
GDP or Gross Domestic Product is the total value of all final goods and services
produced during a particular year in a country.
Question 3.
What is the main criterion used by the World Bank in classifying different countries?
(2012)
Answer:
The World Bank uses average income or per capita income as a criterion for
classifying different countries.
Question 4.
Why is the total income of countries not used to make comparisons between them?
(2012)
Answer:
The total income of countries is not used to make comparisons between them,
because the population of different countries is different and does not give a clear
picture if comparisons are made on this basis.
Question 5.
Literacy rate measures the proportion of literate population in which age group?
(2012)
Answer:
The age group of 7 years and above.
Question 6.
Which state of India has the lowest infant mortality rate? (2013)
Answer:
Kerala
Question 7.
What is Human Development Index? (2013)
Answer:
Human Development Index is a composite index of achievements of a nation in
terms of three important variables, namely—longevity, knowledge and standard of
living, that determine the quality of life.
Question 8.
Name the report published by UNDP which compares countries based on the
educational levels of the people, their health status and per capita income. (2013)
Answer:
Human Development Report
Question 9.
What term is used to describe the ‘average number of years a person is expected to
live at birth’? (2013)
Answer:
Life Expectancy
Question 10.
What is the advantage of per capita income? Mention any one. (2014)
Answer:
It helps to compare the development of countries as per capita income tells us
whether people in one country are better off than others in a different country.
Question 11.
What do final goods and services mean? (2014)
Answer:
The various production activities in the primary, secondary and tertiary sector
produce large number of goods and services for consumption and investment are
final goods and services.
Question 12.
Why is sustainable development essential? Give one reason. (2015)
Answer:
Sustained development aims at economic development without damaging the
environment and at the same time conserving for the future. Resources are to be
used in such a way that they are not overexploited.
Question 13.
Why is per capita income of different countries calculated in dollars and not in their
own currencies by the World Bank? (Board Question)
Answer:
Per capita income of different countries is calculated in dollars and not in their own
currencies because the dollar has been the strongest and stablest currency since the
end of the 2nd World War and it becomes easy to compare the per capita incomes of
various countries when these are converted into a common currency, i.e., US dollar
($).
Question 14.
“What may be development for one may not be development for the other.” Explain
with a suitable example. (Board Question)
Answer:
Different persons have different notions of development because life situations of
persons are different. For example, Construction of dams leads to generation of
hydroelectricity, thus development. However many people have to be displaced from
their villages, hence it may not be development for them.
Question 15.
What is meant by sustainability of development? (Board Question)
Answer:
This signifies that the level of economic development of a country should be
maintained or sustained in all the years. Development in the present should not
compromise with the needs of the future generations.
