PPSC Economics Topic 8 MCQS Test Preparation

Economics is one of the major fields or careers. Almost all the departments especially government agencies require the staff related to the economy, accounts, or business, etc. to regulate all the financial matters. If you are looking to be a part of such a department and want to start your career as a professional economist then you can get the opportunity to start your career through the PPSC. PPSC is a competitive exam allows you to grab a suitable position and it can be covered with good preparation.

MCQ's Test For PPSC Economics Topic 8 Development Economics

Try The 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

Division of labor is made according to the size of market is the view of

Question # 2

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

Question # 3

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

Question # 4

An Invention is set to be neutral when it raises the marginal productivities of labor and capital in the same proportion is said by

Question # 5

The measure used to examine the distribution of wealth at the world level is.

Question # 6

One of the following is not a necessary characteristics of UDCs

Question # 7

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

Question # 8

A circular constellation of force tending to act and react upon each other in such away to keep a poor country in a state of poverty is termed as.

Question # 9

The conjecture that inequality first increases with development then decreases with further development has been

Question # 10

The largest lenders to less developed countries are

Question # 11

The Schumpeterian growth model is based upon

Question # 12

What explains Solow's surprise.

Question # 13

The Harrod -Domar models are based on the restrictive assumption of.

Question # 14

Which of the following is NOT characteristics of underdeveloped nations.

Question # 15

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

Question # 16

According to Nurkse a balance growth a ncessary to.

Question # 17

Rule of innovation in economic growth is very important according to.

Question # 18

For the economic growth of country following is required.

Question # 19

the relation of productivity and income is discussed by Nurkse in.

Question # 20

In developing countries the co existence of modern and tadeonal method of production in urban and ruler sector is called.

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PPSC Economics Chapter 8 Important MCQ's

Sr.# Question Answer
1 The Lorenz curve is used to show relative in equality in the distribution of.
A. Wages
B. Income
C. Wealth
D. Profit
2 According to Nurkse a balance growth a ncessary to.
A. Develop resources
B. Develop capital
C. Break vicious circle of poverty
D. Develop infrastructure.
3 R.M. Solow in his model assumes that the prices and wages are.
A. Flexible
B. Non flexible
C. Rigid
D. None of these
4 In developing countries the co existence of modern and tadeonal method of production in urban and ruler sector is called.
A. Dualism
B. Under employment
C. Under estimation of resources
D. None of these
5 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.
6 in UDCs a potential resource of saving is
A. Structural unemployment
B. Over employment
C. Domestic saving
D. Disguised unemployment
7 Adam smith includes in the model of economic growth following factors of production.
A. Labor only
B. Capital only
C. Labor and capital
D. Labor capital and land
8 W.W. Rostow considered that the economic development period consist of.
A. Two stages
B. Three stages
C. Four stages
D. Five stages
9 According to solo growth model capital and labor are.
A. Not substitution of each other
B. Substation of each other
C. Substation in a way
D. All of these
10 The main assumption of Kaldor model is that the economy operates at the level of .
A. Full employment
B. Above than full employment
C. Less than full emplyment
D. None of above

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