Class 10 Exam > Class 10 Questions > In 2012, the per capita income of India was:a...
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In 2012, the per capita income of India was:
- a)$15300 per annum
- b)$1530 per annum
- c)$153 per annum
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In 2012, the per capita income of India was:a)$15300 per annumb)$1530 ...
The per capita income of India in 2012 was $1530 per annum, indicating the average income of individuals in the country for that year.
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In 2012, the per capita income of India was:a)$15300 per annumb)$1530 ...
Understanding Per Capita Income in India (2012)
Per capita income is a crucial economic indicator that reflects the average income earned per person in a given area in a specified year.
Per Capita Income in India (2012)
- In 2012, the per capita income of India was approximately $1,530 per annum.
- This figure is derived from the total national income divided by the country's population.
Why Option B is Correct
- The figure of $1,530 represents the average income, highlighting India’s economic status at that time.
- It shows the disparity in income when compared to developed nations, where per capita income levels are significantly higher.
Contextualizing the Figure
- The economic landscape of India in 2012 was characterized by rapid growth, but it also faced challenges like poverty and income inequality.
- Understanding per capita income helps gauge the living standards and economic health of the population.
Conclusion
- Therefore, the correct answer to the question regarding India's per capita income in 2012 is option 'B': $1,530 per annum.
- This information is vital for students to understand the basic concepts of economics and the socio-economic conditions of the country.
By grasping these concepts, students can better analyze economic trends and their implications on society.
Per capita income is a crucial economic indicator that reflects the average income earned per person in a given area in a specified year.
Per Capita Income in India (2012)
- In 2012, the per capita income of India was approximately $1,530 per annum.
- This figure is derived from the total national income divided by the country's population.
Why Option B is Correct
- The figure of $1,530 represents the average income, highlighting India’s economic status at that time.
- It shows the disparity in income when compared to developed nations, where per capita income levels are significantly higher.
Contextualizing the Figure
- The economic landscape of India in 2012 was characterized by rapid growth, but it also faced challenges like poverty and income inequality.
- Understanding per capita income helps gauge the living standards and economic health of the population.
Conclusion
- Therefore, the correct answer to the question regarding India's per capita income in 2012 is option 'B': $1,530 per annum.
- This information is vital for students to understand the basic concepts of economics and the socio-economic conditions of the country.
By grasping these concepts, students can better analyze economic trends and their implications on society.
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