ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How has the Saudi government used its national wealth to change the country?
A
All Saudi citizens are given an equal share of the national wealth.
B
The Saudi government has spent very little to improve the lives of citizens.
C
A majority of the national wealth has been given to religious organizations in the country.
D
The government has paid for improvements in transportation, education, health care, and agriculture.
Explanation: 

Detailed explanation-1: -How has the Saudi government used its nations wealth to change the country? The government has modernized roads, schools, and communication systems. How do Iran and Saudi Arabia benefit from belonging to OPEC? They benefit economically by keeping the price of oil high on the world market.

Detailed explanation-2: -The Kingdom, represented by the Ministry of Health, provides an integrated network of health care services covering all regions of the Kingdom. The health care in the government medical facilities is provided for citizens for free and based on a new health strategy that meets the needs of the health sector.

Detailed explanation-3: -Healthcare in Saudi Arabia is divided into two systems – the government-funded and the private pay-per-use. While the government-funded branch of healthcare caters to Saudi nationals only, the private pay-per-use serves foreign individuals as well.

Detailed explanation-4: -How have the nations of the Arabian peninsula used oil profits to develop new industry? They used oil profits to build infrastructure and to bring in foreign workers to help build new industries such as banking, steel and petrochemical industries.

There is 1 question to complete.