(Per-capita income/Disposable income) is the total income of the country divided by its total population.
Important Questions on Development
If there are two economies having the same per capita income of , then can we state that:
(i) Income distribution in both countries should be equal.
(ii) One might have equitable distribution of income while other might have great disparities between rich and poor.
Identify incorrect statement/ statements.
- Printing too much money leads to inflation.
- Before Government of India used to issue only two types of Ration cards, APL and BPL.
- India has a mixed economy and USA has a Socialist economy.
- It is worthwhile to move to Consumer Court only if the damages incurred are of high value.
Comparing different countries as per the Human Development Index, which of the following is/are the basis of ranking:
(i) Literacy rate of people
(ii) Health status of people
(iii) Per capita income.
I. There is no change in their bank accounts.
II. Both their bank balances increase by Rs .
III. Siddhik’s bank balance decreases by Rs and Hanush’s bank balance increases by the same amount.
IV. There is no change in Siddhik’s bank balance although Hanush’s bank balance sees an increase.
Based on the above statements which option is correct?
A shoe manufacturer, M. Salim has to make a payment to the leather supplier and writes a cheque for a specific amount. This means that the shoe manufacturer instructs his bank to pay this amount to the leather supplier. The leather supplier takes this cheque, and deposits it in his own account in the bank. The money is transferred from one bank account to another bank account in a couple of days. The transaction is complete without any payment of cash.
Choose the correct answer.
