Podcast
Questions and Answers
Which aspect of development focuses on enabling the maximum number to experience the benefits of growth?
Which aspect of development focuses on enabling the maximum number to experience the benefits of growth?
- Development (correct)
- Human capital
- Income increase
- Economic growth
What is the formula for Opportunity Cost?
What is the formula for Opportunity Cost?
- Investment for the chosen option - Investment for an option not chosen
- Investment for the chosen option / Investment for an option not chosen
- Return on investment for the chosen option + Return on investment for an option not chosen
- Return on investment for the chosen option - Return on investment for an option not chosen (correct)
What does OECD define as Human Capital?
What does OECD define as Human Capital?
- The knowledge, skills, and competencies embodied in individuals or groups acquired during their life (correct)
- The physical assets of individuals or groups of individuals
- The assets used to produce goods, services, or ideas in non-market circumstances
- The financial assets of individuals or groups of individuals
How does considering human beings as a means to an end relate to Human Capital?
How does considering human beings as a means to an end relate to Human Capital?
Which of the following best represents a multi-dimensional indicator of overall economic development?
Which of the following best represents a multi-dimensional indicator of overall economic development?
Why might considering the value of opportunity costs guide individuals and organizations to more profitable decision making?
Why might considering the value of opportunity costs guide individuals and organizations to more profitable decision making?
Which of the following is NOT a major cultivated oilseed in India?
Which of the following is NOT a major cultivated oilseed in India?
What is the primary function of legal tender money according to the RBI Act of 1934?
What is the primary function of legal tender money according to the RBI Act of 1934?
Which of the following statements about India's oilseed production is NOT true?
Which of the following statements about India's oilseed production is NOT true?
What is the purpose of Gross Fixed Capital Formation (GCF) in calculating GDP?
What is the purpose of Gross Fixed Capital Formation (GCF) in calculating GDP?
What percentage of India's total edible oil demand was met from domestic production in FY2016?
What percentage of India's total edible oil demand was met from domestic production in FY2016?
Which of the following is NOT included in the definition of intangible wealth of a nation according to the text?
Which of the following is NOT included in the definition of intangible wealth of a nation according to the text?
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