ECONOMICS (CBSE/UGC NET)

Previous
Next

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ruviland is half the size of the United States but has twice the population. It is primarily an agrarian society, though it has growing industries in its two largest cities. Per capita income is about $4, 000. Unemployment is relatively high. After decades of civil wars, Ruviland established a democracy only two years ago. The new government of Ruviland plans to establish a public school system that will educate all young people.Ruviland is a ____ country.
A
developing
B
third world
C
more developed
D
first world
Explanation: 

Detailed explanation-1: -India is an agrarian economy with about 54.6 percent of total workforce engaged in agricultural and allied sector activities (Census 2011). Women are extensively engaged in the activities pertaining to agriculture and allied sector.

Detailed explanation-2: -Indian economy is agriculture based, or we can say that India is an agrarian economy. This is evident from the fact that the national income of India consists of 70% of the income generated from agriculture. Before independence, the economy was 95% dependent on agriculture and the revenues earned from agriculture.

Detailed explanation-3: -agrarian era-An era of human history, beginning roughly 10, 000 years ago and lasting until the beginning of the modern era, when the production of food through agriculture was a central focus of many human societies, and a large number of people living in those societies worked the land.

Detailed explanation-4: -An agrarian economy is an economy where a majority portion of the income of individuals is made from agriculture. India has a significant agricultural sector and could be considered agrarian.

There is 1 question to complete.
Previous
Next