MCQs on Economic Growth
and Development
MCQ on Economic Growth and Development and Socio and
Economic exclusion
- The
value of goods and services produced by residents of a country and the
value of their property is called_________.
- Gross domestic product
- Net domestic product
- Gross national income
- Net national income
Answer:
c
- Gross
domestic product of a country is the total of its net domestic product and
________.
- Informal economy
- Earnings on foreign exchange in the domestic country
- Subsidies on the consumption of goods and services
- Consumption of capital in the production process
Answer:
d
- Which
of the following ministries is responsible for the report on India’s
national and per capita income?
- Ministry of Home Affairs
- Ministry of Planning
- Ministry of Statistics and Programme Implementation
- Ministry of Human Resource Development
Answer:
c
- Which
of the following agencies is responsible for computing the National Income
Statistics in India?
- Reserve Bank of India
- Central Statistical Office
- Ministry of Finance
- Planning Commission
Answer:
c
- Disguised
unemployment exists primarily in the ________ sector in our country.
- Defence
- Agriculture
- Manufacturing
- None of the above
Answer:
b
- When
a large number of workers get unemployed due to automation of industrial
processes, this phenomenon is called _________.
- Cyclical unemployment
- Disguised unemployment
- Structural unemployment
- Seasonal unemployment
Answer:
c
- The
meaning of disguised unemployment is _________.
- Zero marginal productivity of labour
- Zero total productivity of labour
- Zero average productivity of labour
- None of the above
Answer:
a
- The
term economic growth is explained by ___________.
- Structural changes in the economy
- Increase in the per capita production
- Increase in the per capita income
- All of the above
Answer:
d
- Which
of the following scenarios explain economic development?
- Improvement in the distribution system
- Improvement in the technology
- Improvement in the production
- All of the above
Answer:
d
- The
main characteristic of an underdeveloped economy is that it has a
________.
- State of deprivation among large proportions of the
population
- High per capita income
- A large proportion of the about force is in the
tertiary sector
- None of the above
Answer:
a
- Scarcity
of capital, unemployment and technological backwardness are generally
found in ________ economies.
- Underdeveloped
- Developed
- Partly developed
- None of the above
Answer:
a
- Which
of the following is not an indicator of an economically developed nation?
- High levels of literacy
- Low death rate
- High per capita income
- A high proportion of labour in the primary sector
Answer:
d
- Which
of the following determinants of growth is a non-economic factor?
- Capital
- Natural resources
- Favourable legislation
- None of the above
Answer:
b
- The
division of labour, according to Adam Smith, is limited by ________.
- Size of the labour force
- Quantity of capital available in the market
- The extent of the market
- Both b and c
Answer:
d
- An
increase in the national income of a country due to an increase in prices
is known as ________.
- Increase in the national income at base year prices
- Increase in the nominal national income
- Increase in the national income at constant prices
- Increase in the real income
Answer:
b
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