IGCSE Development Studies: Specimen Questions with Answers 57 - 58 of 98

Passage

Balance of Trade

Question 57 (7 of 7 Based on Passage)

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Differentiate between BOP and BOT.

Explanation

Differentiate between BOP and BOT
S. no.BOTBOP
1.Transactions concerning trade of goods only are recorded.All transactions concerning goods, services and capital transfers are recorded.
2.Transactions of capital nature are not included in Balance of TradeTransaction of capital nature is also recorded in balance of payment.
3.Balance of Trade is a part of current account of balance of paymentBOP is much larger as it has current and capital accounts which include BOP too.
4.When exports of goods are higher than the imports of goods, BOT is considered as favorable.When net balance of current account is in plus. BOP is considered as favorable.

Passage

Understand by HDI

Question 58 (1 of 7 Based on Passage)

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What is the rank of India in 2019?

Explanation

India reached to the rank of 129 out of 189 countries in the year 2019 Human Development Index as per the data released by UNDP. In India still inequality and deprivation continue to be at a higher level. India՚s HDI improved to 0.647 as compared to 0.640 in 2018. Development initiatives in India like Pradhan Mantri Jan Dhan Yojana for the purpose of financial inclusion and Ayushman Bharat for Universal health care are important in meeting all the objectives and to ensure no one is left behind.

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