Question : Which of the following is another term for the average income of a country?
Option 1: Inflation rate
Option 2: Per capita expenditure
Option 3: Disposable income
Option 4: Per capita income
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Correct Answer: Per capita income
Solution : The correct answer is Per capita income.
Average income is also known as the Per Capita Income, which is calculated by dividing the total income of the country by the total population of the country. It gives the idea of the development status of a country. It is also used for measuring the Human Development Index of a country.
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Question : The best indicator of economic development of any country is______.
Option 1: Per capita income
Option 2: Per person expense
Option 3: Calorie consumption
Option 4: Women empowerment
Question : A rising per capita income will indicate better welfare if it is accompanied by:
Option 1: unchanged income distribution overall
Option 2: changed income distribution in favour of the rich
Option 3: changed income distribution in favour of the poor
Option 4: changed income distribution in favour of industrial labour
Question : The interest rate at which a nation's central bank lends money to domestic banks often in the form of very short-term loans - is referred to as:
Option 1: Bank rate
Option 2: Repo rate
Option 3: Reverse repo rate
Option 4: Cash rate
Question : Which of the following states has the lowest female literacy rate, as per Census 2011?
Option 1: Arunachal Pradesh
Option 2: Rajasthan
Option 3: Bihar
Option 4: Jharkhand
Question : Which of the following is correct?
Option 1: The Vice President is elected for a term of six years.
Option 2: The Vice President is elected for a term of five years.
Option 3: The Vice President is elected for a term of four years.
Option 4: The Vice President is elected for a term of seven years.
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