PPSC Economics Topic 8 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 8 Development Economics

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PPSC Economics Topic 8 Development Economics

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Question # 1

What explains Solow's surprise.

Question # 2

According to solo growth model capital and labor are.

Question # 3

According to Nurkse a balance growth a ncessary to.

Question # 4

If for the output of worth 1 million the stock of capital worth 4 million is required this will be.

Question # 5

According to Keynes the exogenous factors like technology increase in population and discovery of new markets are the reasons. of.

Question # 6

The economic growth model of Ricardo based on.

Question # 7

According to the balances growth theory

Question # 8

in UDCs a potential resource of saving is

Question # 9

According to M.P Todaro model of ruler -urban migraton the migrationis assumed to be a.

Question # 10

W.W. Rostow considered that the economic development period consist of.

Question # 11

R.M. Solow in his model assumes that the prices and wages are.

Question # 12

Adam smith includes in the model of economic growth following factors of production.

Question # 13

Economic development can be achieve through stages, is the theory of.

Question # 14

In Kaldor model saving income ratio in the growth process is considered.

Question # 15

The main assumption of Kaldor model is that the economy operates at the level of .

Question # 16

One of the following is not a necessary characteristics of UDCs

Question # 17

All the UDCs of the world are homogeneous is broad sense and.

Question # 18

The theory of Ruler -urben migraines presented by.

Question # 19

Following is the major source for a country to meet the deficiency of capital

Question # 20

In the Harrod - Domar equation g = s/v , v is defined as.

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PPSC Economics Chapter 8 Important MCQ's

Sr.# Question Answer
1 Due to indivisibilities in demand and infrastructure economic development can be achieved.
A. Balance growth according to its advocates
B. Unbalanced growth according to its advocates
C. Big pus
D. None of these
2 One of the following is not a necessary characteristics of UDCs
A. Low saving ratio
B. Low capital formation
C. Disguised unemployment
D. Insufficient human resources.
3 Which of the following is not viewed by the text as a major political obstacle to development.
A. Growth oriented polices may damage the short term interest of influential groups
B. Civil war
C. Corruption
D. Departing from strict laissez faire principles
4 The Harrod -Domar models are based on the restrictive assumption of.
A. Increasing saving income ratio
B. Decreasing saving income ratio
C. Low saving income ratio
D. Constant saving income ratio
5 Economic development in UDCs is not possible without.
A. Foreign aid
B. Capital formation
C. Natural resources
D. Domestic saving
6 The developing countries need to have a big push or big comprehensive package for economic development is the view of.
A. Nurkse
B. M.P Todaro
C. Rosenstein Rodan
D. Leibenstein
7 The Schumpeterian growth model is based upon
A. Inveslors
B. Capital formation
C. entrepreneurs
D. all of these
8 Following is the major source for a country to meet the deficiency of capital
A. Domestic saving
B. Foreign aid
C. Domestic barrowing
D. All of these
9 For the economic growth of country following is required.
A. Capital formation
B. Human resources
C. Natural resources
D. All of these
10 The natural rate of unemployment is generally thought of as the
A. Ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of fictional unemployment and cyclical unemployment.
C. Sum of frictional unemployment and structural unemployment.
D. sum of structural unemployment and cyclical unemployment.

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