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| 1. |
Average income is not always shows the development of a country. Explain this by giving suitable examples. |
| Answer» <html><body><p>1. Average income of two countries, average speed of two vehicles over a distance, average height of the students in two different classes of a school. 2. It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the <a href="https://interviewquestions.tuteehub.com/tag/rising-1189698" style="font-weight:bold;" target="_blank" title="Click to know more about RISING">RISING</a> standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it. In case the number of people is large, the average income will be less. This is the case in India. 3. Average income, i.e., per capita income is important but not the only criterion for development. Along with average income, equitable distribution of income in a country should also be considered. 4. All <a href="https://interviewquestions.tuteehub.com/tag/sections-1198817" style="font-weight:bold;" target="_blank" title="Click to know more about SECTIONS">SECTIONS</a> of the economy have become better cannot be concluded because different sections of She economy may have become better or worse. An example is the current situation in India, where the average income has increased every years; the services sector has increased very much, but agriculture is having virtually no growth. 5. Per capita income level of middle income countries as per WDR 006 was between ` 37,000 and ` 4,53,000 per annun. 6. To become a developed sovereign state, India should achieve the following— (a) A highly developed economy. (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>) Have advanced infrastructure facilities like better roads, better telecom network, better transportation facilities, etc. (c) Higher per capita income, matching that of other developed countries. (d) A higher <a href="https://interviewquestions.tuteehub.com/tag/general-471730" style="font-weight:bold;" target="_blank" title="Click to know more about GENERAL">GENERAL</a> standard of living with enough food to feed the poorest people adequately. (e) The service sector should provide more <a href="https://interviewquestions.tuteehub.com/tag/wealth-1450804" style="font-weight:bold;" target="_blank" title="Click to know more about WEALTH">WEALTH</a> / income than the industrial or agricultural sector. Explanation:</p></body></html> | |