IBPS PO General Awareness: Indian Economy and Development questions with solutions

Q1. Which of the following states has the highest sex ratio in 2011?

1. Tamil Nadu
2. Andhra Pradesh
3. Karnataka
4. Odisha

Answer: Tamil Nadu

In the 2011 Census, Tamil Nadu had a higher sex ratio than Andhra Pradesh, Karnataka, and Odisha among the given options. Hence, Tamil Nadu is correct.

Q2. Which of the following models considers that economic growth depends on the availability of resources?

1. Neo-Malthusian model
2. Harrod-Domar model
3. Ricardian equivalence model
4. Absolute advantage model

Answer: Harrod-Domar model

The Harrod-Domar model explains economic growth in terms of savings, investment, and capital accumulation, which depend on resource availability. It is a classic growth model used in development economics. Hence, the correct answer is Harrod-Domar model.

Q3. Comparison between two countries becomes difficult because: (A) The countries differ in their internal political systems. (B) Each country has its own culture and natural resources, which differ from those of others. (C) The countries with homogeneous backgrounds are many in number.

1. (A) only
2. (B) only
3. (A) and (B) both
4. All the three (A), (B) and (C)

Answer: (A) and (B) both

Comparing two countries is difficult because countries may differ in political systems, culture, and natural resources. These differences affect economic and social indicators, making direct comparison harder. Statement (C) is not a valid reason here.