The 'dependency ratio' in demography is defined as: MCQ with Answer and Explanation

The 'dependency ratio' in demography is defined as:
A. elderly population divided by children
B. rural population divided by urban population
C. working-age population divided by dependent population
D. dependent population divided by working-age population
Answer: Option D
Solution (By JKSSB Mock Tests)
Dependency ratio = dependent population / working-age population.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Fiscal Space' refers to:
A. The room available for a government to increase spending or reduce taxes without endangering debt sustainability
B. The physical space occupied by government offices
C. Only the primary surplus
D. Only the revenue deficit

Correct Answer: Option A


Explanation:
Fiscal space is the budgetary room that allows a government to provide resources for desired purposes without compromising fiscal sustainability or crowding out private investment excessively.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'systemically important financial institution' is one whose failure could:
A. benefit other banks
B. have no effect on the economy
C. trigger a systemic crisis
D. reduce inflation

Correct Answer: Option C


Explanation:
A systemically important institution is too big or interconnected to fail without causing systemic risk.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian external sector since the 1990s?
A. Complete isolation from global capital flows
B. Fixed exchange rate without intervention
C. Gradual liberalisation of trade and capital account with managed float
D. Ban on foreign direct investment

Correct Answer: Option C


Explanation:
Since the 1991 reforms, India has progressively liberalised trade and capital flows while adopting a managed floating exchange rate regime.

This question belongs to: Economy GK Economy Set 1