Top 80+ Solved Economics of Development MCQ Questions Answer
Q. Which of the following explains the term economic growth?
a. Increase in per capita production
b. Increase in per capita real income
c. Structural change in the economy
d. All the above are right
Q. Economic development is characterized by
a. Structural change in the economy
b. Change in the occupational structure
c. Both A and B
d. None of the above
Q. Underdevelopment is defined in terms of?
a. National income
b. Per capita income
c. Poverty ratio
d. Rate of unemployment
Q. Which of the following explains the term economic development?
a. Improvement in the technology involved
b. Improvement in production
c. Improvement in distribution system
d. All the above
Q. Which of the following is generally regarded as the true index of economic growth?
a. An increase in national income at constant prices during a year
b. A sustained increase in real per capita income
c. An increase in national income at current prices over time
d. An increase in national income along with a corresponding increase in population
Q. The concept of economic growth is___________.
a. Identical with the concept of economic development
b. Narrower than the concept of economic development
c. Wider as compared to that of economic development
d. Unrelated to the concept of economic development
Q. Which of the following is not an indicator of economically underdeveloped countries?
a. Low per capita income
b. High death-rate
c. Low proportion of labour force in the primary sector
d. High level of illiteracy
Q. The rate of growth of an economy mainly depends upon ___________ .
a. The rate of growth of the labour force
b. The proportion of national income saved and invested
c. The rate of technological improvements
d. All of the above
Q. Among the following determinants of growth, which is a non-economic factor?
a. Natural resources
b. Population growth
c. Favourable legislation
d. Capital accumulation
Q. Besides increase in output, economic development is concerned with:
a. Inputs and their efficiency
b. Equitable distribution of income
c. Life sustenance, self-esteem and freedom from want, ignorance and squalor
d. All of the above
Q. Economic growth can be seen by an outward shift of __________ .
a. The Production Possibility Frontier
b. The Gross Domestic Barrier
c. The Marginal Consumption Frontier
d. The Minimum Efficient Scale
Q. Development economics is the study of the
a. Alleviation of absolute poverty.
b. Transformation of institutions.
c. Allocation of resources in developing countries.
d. All of the above.
Q. A good definition of the meaning of development is the __________.
a. Elimination of absolute poverty.
b. Improvement in the quality of life.
c. Fulfillment of the potential of individuals.
d. All of the above.
Q. Development economics must have a scope wider than traditional economics because
a. Values and attitudes play little role in the pace of development.
b. People in developing societies do less utility-maximizing.
c. Transformation of social institutions is necessary for development.
d. All of the above.