Top 80+ Solved Growth and Development MCQ Questions Answer
Q. Economic development refers to
a. economic growth.
b. economic growth plus changes in output distribution and economic structure.
c. improvement in the well-being of the urban population.
d. sustainable increases in gross national product.
Q. The Physical Quality of Life Index (PQLI) combines three indicators. They are
a. infant mortality, life expectancy and adult literacy rate.
b. crime rate, clean environment and quality of housing.
c. air pollution rate, water pollution rate and sanitation.
d. health, education and environment.
Q. The Human Development Index (HDI) summarizes a great deal of social performance in asingle composite index, combining
a. disparity reduction rate, human resource development rate and the composite index.
b. longevity, education and living standard.
c. minimum schooling, adult literacy and tertiary educational attainment.
d. human resource training, development and r&
Q. As economic development proceeds, income inequality tends to follow a(n) __________curve
a. convex.
b. inverted u-shaped.
c. l-shaped.
d. s-shape
Q. The Harrod-Domar growth model suggests that growth is
a. directly related to savings and inversely related to the capital/output ratio.
b. directly related to the capital/output ratio and inversely related to savings.
c. indirectly related to savings and the capital/output ratio.
d. directly related to savings and the capital/output ratio
Q. Rostow’s economic stages are
a. the preconditions for take-off, the take-off, the drive to maturity, and the age of creative destruction.
b. the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass consumption.
c. the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption.
d. the learning curve, the age of high mass consumption, post-take-off, and the drive to maturity.
Q. A value of 1 in Gini index represents
a. low inequality.
b. maximum inequality.
c. 100% inequality.
d. 1% inequality.
Q. The Lorenz curve shows
a. patterns of poverty between developed and developing countries.
b. the change in gdp per capita over time.
c. the poorest’s income shares fall in the early stages of growth.
d. income concentration relative to a 45-degree line.
Q. Progress that meets the needs of the present without compromising the ability of futuregenerations to meet their own needs is
a. the tragedy of commons.
b. sustainable development.
c. net primary productivity (npp).
d. the impossibility theorem.
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. 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. The stationary state as envisaged by Adam Smith, is marked by:
a. low rate of profit
b. subsistence level wages
c. high rents
d. all of the above
Q. Which growth model inspired the use of capital-output ratio for development planning?
a. the harrod-domar model
b. solow’s model
c. kaldor’s model
d. feldman’s model