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

According to solo growth model capital and labor are.

Question # 2

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

Question # 3

What explains Solow's surprise.

Question # 4

The theory of Ruler -urben migraines presented by.

Question # 5

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

Question # 6

The Human Development index is based on.

Question # 7

The natural rate of unemployment is generally thought of as the

Question # 8

More trade and more and is the demand made by the

Question # 9

According to Nurkse a balance growth a ncessary to.

Question # 10

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

Question # 11

Historically countries at early stages of rapid economics development have tended to experience.

Question # 12

The fall in the birth ratio will affect the process of economic growth according to

Question # 13

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

Question # 14

in UDCs a potential resource of saving is

Question # 15

Economic growth rate of a country is determined by the

Question # 16

The developing countries need to have a big push or big comprehensive package for economic development is the view of.

Question # 17

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

Question # 18

The Schumpeterian growth model is based upon

Question # 19

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

Question # 20

Which of the following is NOT characteristics of underdeveloped nations.

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PPSC Economics Chapter 8 Important MCQ's

Sr.# Question Answer
1 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.
A. Vicious circle of poverty
B. Low capital formation
C. Low development
D. disguised unemployment
2 The conjecture that inequality first increases with development then decreases with further development has been
A. Strongly supported by most studies
B. Supported mainly by cross section not time series studies.
C. Supported mainly by time sereis not cross section studies
D. Generally repudiated by empirical studies.
3 Rule of innovation in economic growth is very important according to.
A. Adam smith
B. Richardo
C. Schumpter
D. Rostow
4 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
5 in UDCs a potential resource of saving is
A. Structural unemployment
B. Over employment
C. Domestic saving
D. Disguised unemployment
6 What characteristics is likely to increase population grotwth.
A. Family planning programs
B. Old age social security
C. Lack of women's empowerment
D. Rapid economic growth
7 In the Harrod - Domar equation g = s/v , v is defined as.
A. the value of the country a capital stock
B. The ratio of the country's capital stock to its output.
C. The change in the country's capital stock
D. None of the above
8 What explains Solow's surprise.
A. Diminishing returns to capital
B. Insufficient assistance to developing countries
C. Weak institutions
D. low labor productivity
9 If for the output of worth 1 million the stock of capital worth 4 million is required this will be.
A. capital profit ratio
B. Output profit ration
C. Capital output ratio
D. Capital input ratio
10 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.

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