Top 80+ Solved Economics of Development MCQ Questions Answer
Q. Which among the following is First Indian Special Economic Zone (SEZ)?
a. Visakhapatnam SEZ
b. Kandla SEZ
c. Noida Special Economic Zone
d. Cochin
Q. According to the supply side of the vicious circle theory of development a country is poorbecause .
a. Technology levels do not allow for self sufficiency
b. It was previously too poor to save and invest
c. Underemployment is too widespread
d. Resource allocation is poor
Q. The synchronized application of capital to a wide range of different industries is called__________ by its advocates.
a. Balanced growth
b. Capitalization
c. Elasticity of capital
d. Indivisibilities
Q. For Rosentein Rodan a major indivisibility is in __________.
a. Supply
b. Infrastructure
c. Agriculture
d. Services
Q. Economic growth is important because __________.
a. People want less crime
b. People want be happier
c. People want a better environment
d. People want higher incomes and more consumer goods.
Q. The golden-rule saving rate is the rate of saving that __________.
a. Gets the highest rate of interest
b. Maximises the level of long-run investment
c. Maximises the level of long-run consumption
d. Maximises human capital
Q. Backward and forward linkage are relevant for which kind of growth strategy?
a. Unbalanced growth
b. Trickle down growth
c. Balanced growth
d. Equilibrium growth
Q. Two economists have been particularly associated with the formulation of development withsurplus labour hypothesis. One is R. Nurkse. Who is the other?
a. W.A. Lewis
b. James S. Duessenberry
c. W.W. Rostow
d. Simon Kuznets
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. 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. To achieve full economic growth, Malthus laid special emphasis on the proper combinationof__________.
a. Production and distribution
b. Natural resources and capital
c. Labour and technology
d. Production and trade
Q. According to R. Nurkse, the inducement to invest in the context of an underdevelopedeconomy is limited mainly by the:
a. Lack of savings
b. Size of the market
c. Lack of investment opportunities
d. Low productivity of labour
Q. We can increase rate of economic growth in India if we increase:
a. Taxes
b. Imports
c. Investment
d. Population
Q. When an economy produces more output per capital the economy is said to be having:
a. Inflation
b. Economic growth
c. Economic planning
d. Living standard
Q. By growth rate of an economy can be speeded up.
a. Investment in share market
b. Investment abroad
c. Investment in human capital formation
d. Investment in primary sector