Economics Practice Quiz 19

Q1.What does 'Life Expectancy at birth' denote in the context of Human Development Reports?

A. The average age at which people start working B. The average expected length of life of a person at the time of birth C. The average number of years a person spends in education D. The average age of death in a country

Q2.Which two countries, despite having lower per capita income than that of India, are better than India in life expectancy?

A. Sri Lanka and Pakistan B. Nepal and Bangladesh C. Bhutan and Maldives D. Myanmar and Afghanistan

Q3.As per the provided text, crude oil is classified as which type of resource?

A. Renewable resource B. Non-renewable resource C. Biotic resource D. Abiotic resource

Q4.Which of the following statements accurately describes non-renewable resources?

A. They can be replenished by nature over a short period B. They have an unlimited stock on Earth C. They will get exhausted after a few years of use and cannot be replenished D. They are primarily used for agricultural purposes

Q5.According to the 2017 data provided in the text, approximately how many years would the world's crude oil reserves last at the present extraction rate?

A. 10.5 years B. 70 years C. 47 years D. 836 years

Q6.Why does India depend on importing crude oil from abroad?

A. To maintain international trade relations B. Due to its advanced refining capabilities C. Because it does not have enough domestic stocks of its own D. To diversify its energy sources

Q7.What is the consequence of an increase in oil prices?

A. It primarily benefits oil-exporting nations B. It leads to a decrease in global demand C. It becomes a burden for everyone D. It encourages the discovery of new oil fields

Q8.How do countries like the USA, with low crude oil reserves, aim to secure oil?

A. By investing heavily in renewable energy sources B. By reducing their overall energy consumption C. Through military or economic power D. By forming exclusive trade agreements with oil-rich nations

Q9.The crude oil reserves data presented in TABLE 1.7 is sourced from which publication?

A. World Economic Outlook Report B. International Energy Agency Review C. Energy Institute’s Statistical Review of World Energy D. United Nations Development Programme Report

Q10.Development of a country can generally be determined by which of the following factors?

A. its per capita income B. its average literacy level C. health status of its people D. all the above

Sign in with Email

Economics Practice Quiz 19