Growth And Development Set 2

Master of Arts in Economics (MA Economics)

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This set of Growth and Development Multiple Choice Questions & Answers (MCQs) focuses on Growth And Development Set 2

Q1 | Scarcity of capital, technological backwardness and unemployment are generally found in
  • developed countries
  • underdeveloped countries
  • both
  • none of the above
Answer: underdeveloped countries
Q2 | Which of the following denotes an underdeveloped economy?
  • high level of inequalities
  • low level of capital productivity
  • a relatively closed economy
  • all the above
Answer: all the above
Q3 | The concept of PQLI was developed by
  • morris d morris
  • uno
  • undp
  • oxford poverty and human development initiative
Answer: morris d morris
Q4 | The parameter/s of the PQLI is/are
  • life expectancy index
  • standard of living index
  • infant mortality rate
  • a and c
Answer: a and c
Q5 | The concept of HDI was popularized by
  • morris d morris
  • adam smith
  • keynes
  • mahbub ul haq
Answer: mahbub ul haq
Q6 | The component/s of HDI is/are
  • life expectancy index
  • infant mortality rate
  • population growth rate
  • all the above
Answer: life expectancy index
Q7 | The Multidimensional Poverty Index has been developed by
  • the undp
  • oxford hdi
  • the uno
  • morris d morris
Answer: oxford hdi
Q8 | Which of following is not a component of Multidimensional Poverty Index?
  • health
  • education
  • occupation
  • standard of living
Answer: occupation
Q9 | Which of the following is not an indicator to measure Multidimensional Poverty Index?
  • electricity
  • nutrition
  • cooking fuel
  • profession
Answer: profession
Q10 | Economic growth in India will happen necessarily if there is
  • population growth
  • capital formation
  • technical progress in the global economy
  • all the above
Answer: all the above
Q11 | The financial year in India is
  • april 1 to march 31
  • january 1 to december 31
  • march 1 to april 30
  • march 16 to march 15
Answer: april 1 to march 31
Q12 | A multi-dimensional measure of poverty include includes which of the followingelements?
  • health level
  • education level
  • living standards
  • all of these answer
Answer: all of these answer
Q13 | Which of the following is a goal of economic development?
  • economic growth
  • reduction of poverty
  • improvement of human development (education, health, etc).
  • all of these answers
Answer: all of these answers
Q14 | In the Solow model, if capital is in the steady state, output:
  • will continue to grow.
  • is also in the steady state.
  • will continue to grow, but its rate of growth will slow down.
  • will decline, but its rate of growth will be positive.
Answer: is also in the steady state.
Q15 | For Rostow, which of the following constitute pre-conditions for take-off?
  • investment rate of at least 5% of gnp
  • universal primary education
  • development of one or more manufacturing sectors with a high growth rate
  • both a and b
Answer: investment rate of at least 5% of gnp
Q16 | Which of the following is not an important objective of development?
  • increases in per capita income
  • the expansion of available choices
  • increases in individual and national self-esteem
  • all of the above are important objectives of d
Answer: all of the above are important objectives of d
Q17 | The Harrod-Domar growth model is based on the relationship of what two economicelements?
  • raw materials and technology
  • savings and investment
  • educational enrolment and number of teachers
  • tariff and tax levels
Answer: savings and investment
Q18 | Rate of growth of an economy is measured in terms of:
  • per capita income
  • industrial development
  • number of people who have been lifted above the poverty line
  • national income
Answer: national income
Q19 | Sen’s welfare theory relies on
  • individuals’ accomplishments.
  • individuals’ capabilities.
  • individuals’ wealth.
  • individuals’ education.
Answer: individuals’ accomplishments.
Q20 | How does Sen define poverty?
  • the lack of material well-being
  • the deprivation of basic capabilities for an individual
  • the lack of supportive social institutions to ensure one’s basic livelihood
  • the lack of a cultural or religious identity
Answer: the deprivation of basic capabilities for an individual
Q21 | Harrod’s definition of rate of growth of an economy do not include
  • warranted (required) rate of growth
  • actual rate of growth
  • sustainable rate of growth
  • natural rate of growth
Answer: sustainable rate of growth
Q22 | The rate of growth of output which is required to fully employ the entire growing labourforce is the
  • warranted (required) rate of growth
  • actual rate of growth
  • sustainable rate of growth
  • natural rate of growth
Answer: natural rate of growth
Q23 | The instability of equilibrium in the Harrod model was used by him to explain thebusiness cycles above and below the trend path of --------
  • warranted (required) rate of growth
  • actual rate of growth
  • sustainable rate of growth
  • natural rate of growth
Answer: warranted (required) rate of growth
Q24 | Harrod explained the peaks and troughs of the business cycles through the use of
  • warranted (required) rate of growth of output
  • actual rate of growth of output
  • sustainable rate of growth of output
  • natural rate of growth of output
Answer: natural rate of growth of output
Q25 | Harrod argues that in an economy with constant capital-labour ratio, the ------------ cannever be more than the natural rate of growth of output.
  • warranted (required) rate of growth of output
  • actual rate of growth of output
  • sustainable rate of growth of output
  • natural rate of growth of output
Answer: actual rate of growth of output
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