Quiz # 16



#1 According to Malthusian theory of population

In his 1798 work, An Essay on the Principle of PopulationMalthus examined the relationship between population growth and resources. From this, he developed the Malthusian theory of population growth in which he wrote that population growth occurs exponentially, so it increases according to birth rate.

#2 Which of the following tax systems will help to reduce economic inequalities in India?

progressive tax is a tax in which the average taxrate (taxes paid ÷ personal income) increases as the taxable amount increases. The term “progressive” refers to the way the tax rate progresses from low to high, with the result that a taxpayer’s average tax rate is less than the person’s marginal tax rate.

#3 What is MUDRA?

www.mudra.org.in/ ‘Micro Units Development and Refinance Agency Bank (or ‘MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs.

#4 Which among the following is a characteristic capitalist economy of?

Wants MPs’ minimum age reduced to 21 “We are pro-private industry and business. The country cannot grow without private enterprise, and jobs cannot be created without them. So, doing business has to be made easier,” he said, adding that business and industry need to have minimal government intervention to grow.

#5 Value of Total Goods and Services produced in a country is its _____________ .

Gross domestic product (GDP) is defined as “the value of all final goods and services produced in a country in 1 year”. Gross national product (GNP) is defined as “the market value of all goods and services produced in one year by labour and property supplied by the residents of a country.”

September 21, 2019

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