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

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

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

One of the following is not a necessary characteristics of UDCs

Question # 6

According to the balances growth theory

Question # 7

The economic growth model of Ricardo based on.

Question # 8

in UDCs a potential resource of saving is

Question # 9

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

Question # 10

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

Question # 11

The hidden momentum of population growth is caused by

Question # 12

Unlimited supply of labor means in developing countries that part of man power which even if is withdrawn from the process of production there will be no fallen output is the theory of.

Question # 13

The concept of unbaled growth and balance growth are.

Question # 14

The natural rate of unemployment is generally thought of as the

Question # 15

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 # 16

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

Question # 17

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

Question # 18

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 # 19

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

Question # 20

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

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PPSC Economics Chapter 8 Important MCQ's

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 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
3 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
4 The largest lenders to less developed countries are
A. Western government
B. Multi lateral agencies
C. Private banks
D. Invidia investors who purchase government bonds
5 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
6 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
7 What explains Solow's surprise.
A. Diminishing returns to capital
B. Insufficient assistance to developing countries
C. Weak institutions
D. low labor productivity
8 The concept of unbaled growth and balance growth are.
A. Unlimited value
B. Single value
C. Limited value
D. Short value
9 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
10 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

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