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

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PPSC Economics Topic 8 Development Economics

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Question # 1

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

Question # 2

According to solo growth model capital and labor are.

Question # 3

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

Question # 4

Due to indivisibilities in demand and infrastructure economic development can be achieved.

Question # 5

The Schumpeterian growth model is based upon

Question # 6

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

Question # 7

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

Question # 8

What characteristics is likely to increase population grotwth.

Question # 9

The Lorenz curve is used to show relative in equality in the distribution of.

Question # 10

The economic growth model of Ricardo based on.

Question # 11

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 # 12

The concept of unbaled growth and balance growth are.

Question # 13

The theory of Ruler -urben migraines presented by.

Question # 14

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

Question # 15

The largest lenders to less developed countries are

Question # 16

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

Question # 17

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

Question # 18

Theories of surplus labor describe that

Question # 19

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

Question # 20

The hidden momentum of population growth is caused by

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PPSC Economics Chapter 8 Important MCQ's

Sr.# Question Answer
1 The Schumpeterian growth model is based upon
A. Inveslors
B. Capital formation
C. entrepreneurs
D. all of these
2 For the economic growth of country following is required.
A. Capital formation
B. Human resources
C. Natural resources
D. All of these
3 According to Keynes the exogenous factors like technology increase in population and discovery of new markets are the reasons. of.
A. Underemployment
B. Structural dualism
C. Low capital formation
D. Secular stagnation
4 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
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 Hirschman along with other ebonists consider that for economic development.
A. Balance growth is necessary
B. Unbalance growth is necessary
C. Big push in investment is necessary
D. Industrial development is necessary
7 In Kaldor model saving income ratio in the growth process is considered.
A. Constant
B. Positive
C. Variable
D. Negative
8 Economic growth rate of a country is determined by the
A. Capital formation rate
B. Employment rate
C. Saving rate
D. Investment rate
9 Rule of innovation in economic growth is very important according to.
A. Adam smith
B. Richardo
C. Schumpter
D. Rostow
10 What explains Solow's surprise.
A. Diminishing returns to capital
B. Insufficient assistance to developing countries
C. Weak institutions
D. low labor productivity

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