Development Experience Of India a Comparison with Neighbors - Online Test

Answer : Option B
Explaination / Solution:

First and foremost is the U.S. dollar, which is easily the most traded currency on the planet. The USD can be found in a pair with all the other major currencies and often acts as the intermediary in triangular currency transactions.

Answer : Option C
Explaination / Solution:

GNI per capita - Gross national income (GNI) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad

Answer : Option A
Explaination / Solution:

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators. A country scores higher HDI when the life expectancy at birth is longer, the education period is longer, and the income per capita is higher.

Answer : Option D
Explaination / Solution:

China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006 and that of Germany in 2007, before overtaking Japan in 2009, making China the World's second largest economy after the United States. But adjusting for purchasing power parity(PPP), China become the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014

Answer : Option B
Explaination / Solution:

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade.It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.

Answer : Option D
Explaination / Solution:

The population density of an area can greatly affect that area's economy and social conditions.

Answer : Option C
Explaination / Solution:

Purchasing power parity (PPP) is an economic theory that states that the exchange rate between two currencies is equal to the ratio of the currencies' respective purchasing power.

Answer : Option D
Explaination / Solution:

The yuan is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China

Answer : Option C
Explaination / Solution:

Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a market "basket of goods" approach. According to this concept, two currencies are in equilibrium or at par when a market basket of goods (taking into account the exchange rate) is priced the same in both countries.

Answer : Option C
Explaination / Solution:

The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organisation and geopolitical union of nations in South Asia. Its member states include Afganistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.

The GLF program started in 1958 sought to increase the productivity through increased socialist organisation of the rural economy, ie., rural people's communes and producer's co-operatives.

The Association of Southeast Asian Nations  is a regional intergovernmental organisation comprising ten South Asian states which promotes Pan-Asianism, intergovernmental cooperation and facilitates economic, political, military, educational and cultural integration amongst its members and Asian States.

The Group of Eight (G8) refers to the group of eight highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States, Canada, and Russia—that hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism.