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

The natural rate of unemployment is generally thought of as the

Question # 2

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

Question # 3

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 # 4

The economic growth model of Ricardo based on.

Question # 5

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

Question # 6

The concept of carbon credit originated from which one of the following.

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

Which of the following is NOT characteristics of underdeveloped nations.

Question # 11

Theories of surplus labor describe that

Question # 12

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

Question # 13

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

Question # 14

Small size of market is the primary cause of under development according to.

Question # 15

The Human Development index is based on.

Question # 16

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

Question # 17

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

Question # 18

Economic development in UDCs is not possible without.

Question # 19

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

Question # 20

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

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PPSC Economics Chapter 8 Important MCQ's

Sr.# Question Answer
1 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
2 The Schumpeterian growth model is based upon
A. Inveslors
B. Capital formation
C. entrepreneurs
D. all of these
3 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
4 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
5 All the UDCs of the world are homogeneous is broad sense and.
A. Heterogeneous in narrow sense
B. Homogenous in narrow sense also
C. Homogenous in human resources
D. Homogenous in natural resources
6 The Lorenz curve is used to show relative in equality in the distribution of.
A. Wages
B. Income
C. Wealth
D. Profit
7 in UDCs a potential resource of saving is
A. Structural unemployment
B. Over employment
C. Domestic saving
D. Disguised unemployment
8 According to Nurkse a balance growth a ncessary to.
A. Develop resources
B. Develop capital
C. Break vicious circle of poverty
D. Develop infrastructure.
9 Which of the following could be a reason for the problem of lack of jobs being overestimated.
A. the existence of disguised unemployment
B. People are underemployment
C. People holding only one job
D. The existence of child labour
10 The Human Development index is based on.
A. Income per capita human capita economic vulnerability
B. Income per capita, life expectancy education
C. Income per capita child mortality rates education.
D. Income per capita life expectancy economic vulnerability

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