Top 150+ Solved Indian and Global Economic Development MCQ Questions Answer
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. An underdeveloped economy is characterized by
a. High per capita real income
b. Large proportion of labor force in the tertiary sector
c. State of deprivation of large proportion of population
d. All the above
Q. Scarcity of capital, technological backwardness and unemployment are generallyfound in
a. Developed countries
b. Underdeveloped countries
c. Both
d. None of the above
Q. Which of the following denotes an underdeveloped economy?
a. High level of inequalities
b. Low level of capital productivity
c. A relatively closed economy
d. All the above
Q. Capital formation in underdeveloped countries is a major bottleneck. The reasoncan be
a. Small size of market with no incentive for investment
b. Low level of income
c. vicious circle of poverty
d. All the above
Q. Which of the following about strategy of balanced growth is right?
a. Simultaneous investment in all sectors
b. All sectors are independent.
c. Both
d. None
Q. Which of the following about strategy of unbalanced growth is right?
a. Deliberate imbalance in favor of some sectors
b. Simultaneous investment in all sectors
c. Both
d. None
Q. The additional capital used per unit of additional production is called
a. Induced investment
b. Autonomous investment
c. Incremental Capital Output ratio
d. None of the above
Q. Depression is characterized by
a. unprecedented level of underemployment
b. Drastic fall in income
c. Drastic fall in output and employment
d. All the above
Q. Dual economy refers to existence of
a. Imports and export activities
b. Bilateral ties
c. Traditional and modern aspects in the economy
d. Both a and b
Q. Mixed economy means an economy where there is
a. Existence of capitalism
b. Privatization, liberalization and globalization
c. Existence of both public and private sectors
d. Growing crops along with rearing animals
Q. Indian economy today is ai. Developing economy ii. Emerging economy iii. Dual economy iv. Non-agricultural economy
a. I and ii only
b. I, ii and iii
c. I, ii, iii, iv
d. iii and iv