PPSC Economics Topic 8 Development Economics

Question # 1

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

Earth summit rio de jeneiro A
Kyoto protocol B
Montreal protocol C
G-8 summit Helligendamm D

Question # 2

Theories of surplus labor describe that

In UDCs unemployment rate is high A
The margin productivity labor is near to zero B
Overpopulation is much more in UDCs C
DCs have less uemployment D

Question # 3

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

Balance growth according to its advocates A
Unbalanced growth according to its advocates B
Big pus C
None of these D

Question # 4

The largest lenders to less developed countries are

Western government A
Multi lateral agencies B
Private banks C
Invidia investors who purchase government bonds D

Question # 5

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

Domestic saving A
Foreign aid B
Domestic barrowing C
All of these D

Question # 6

Which of the following is not viewed by the text as a major political obstacle to development.

Growth oriented polices may damage the short term interest of influential groups A
Civil war B
Corruption C
Departing from strict laissez faire principles D

Question # 7

Economic growth rate of a country is determined by the

Capital formation rate A
Employment rate B
Saving rate C
Investment rate D

Question # 8

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

Heterogeneous in narrow sense A
Homogenous in narrow sense also B
Homogenous in human resources C
Homogenous in natural resources D

Question # 9

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

Trade deficits and an excess of investment over domestic saving. A
Trade surpluses and an excess of investment over domestic saving B
Trade deficits and an increase of domestic saving over investment. C
Trade surpluses and an excess of domestic saving over investment. D

Question # 10

Which of the following is NOT characteristics of underdeveloped nations.

Low per capita income A
Low growth rate of GNP B
General needs for substantive investment in the infrastructure C
Low population growth rates D

Question # 11

The Schumpeterian growth model is based upon

Inveslors A
Capital formation B
entrepreneurs C
all of these D

Question # 12

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

Dualism A
Under employment B
Under estimation of resources C
None of these D

Question # 13

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

Constant A
Positive B
Variable C
Negative D

Question # 14

Unlimited supply of labor means in developing countries that part of man power which even if is withdrawn from the process of production there will be no fallen output is the theory of.

Fei Rani A
M.PP. Todaro B
Lewis C
Leibstein D

Question # 15

The concept of unbaled growth and balance growth are.

Unlimited value A
Single value B
Limited value C
Short value D

Question # 16

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

Nurkse A
M.P Todaro B
Rosenstein Rodan C
Leibenstein D

Question # 17

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

Labor only A
Capital only B
Labor and capital C
Labor capital and land D

Question # 18

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

Underemployment A
Structural dualism B
Low capital formation C
Secular stagnation D

Question # 19

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

capital profit ratio A
Output profit ration B
Capital output ratio C
Capital input ratio D

Question # 20

According to the balances growth theory

UDCs can be developed by foreign aid A
UDCs can be developed by national saving B
UDCs have to start from beginning C
DCS are responsible for the development of UDCs D

Sr.#	Question	Answer
1	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
2	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
3	Historically countries at early stages of rapid economics development have tended to experience.	A. Trade deficits and an excess of investment over domestic saving. B. Trade surpluses and an excess of investment over domestic saving C. Trade deficits and an increase of domestic saving over investment. D. Trade surpluses and an excess of domestic saving over investment.
4	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
5	The hidden momentum of population growth is caused by	A. the demographic transition B. Population age structure C. the opportunity coast of woman's time D. Children contribution to income
6	According to the balances growth theory	A. UDCs can be developed by foreign aid B. UDCs can be developed by national saving C. UDCs have to start from beginning D. DCS are responsible for the development of UDCs
7	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
8	Theories of surplus labor describe that	A. In UDCs unemployment rate is high B. The margin productivity labor is near to zero C. Overpopulation is much more in UDCs D. DCs have less uemployment
9	R.M. Solow in his model assumes that the prices and wages are.	A. Flexible B. Non flexible C. Rigid D. None of these
10	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

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PPSC Economics Topic 8 Development Economics

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

Theories of surplus labor describe that

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

The largest lenders to less developed countries are

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

Which of the following is not viewed by the text as a major political obstacle to development.

Economic growth rate of a country is determined by the

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

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

Which of the following is NOT characteristics of underdeveloped nations.

The Schumpeterian growth model is based upon

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

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

Unlimited supply of labor means in developing countries that part of man power which even if is withdrawn from the process of production there will be no fallen output is the theory of.

The concept of unbaled growth and balance growth are.

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

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

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

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

According to the balances growth theory

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