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Development Test - 22

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Development Test - 22
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Weekly Quiz Competition
  • Question 1
    1 / -0
    In an under-developed economy, a majority of the population in engaged in _______________.
    Solution
    In an under-developed economy, a majority of the population in engaged in agriculture and allied activities.In an under-developed economy, agriculture is the main occupation of the people. Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 2
    1 / -0
    Which of the following is not a cause of underdeveloped country?
    Solution
    Dominance of mass consumption is not a cause of underdeveloped country.Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
  • Question 3
    1 / -0
    In an under-developed economy, Poverty is _____________.
    Solution
    In an under-developed economy, Poverty is maximum widespread. Employment opportunities are less and hence income is less and people have to maintain a low standard of living. As a consequence, poverty prevails in underdeveloped countries. Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 4
    1 / -0
    Which country has over taken China and has ranked as the top country in $$2017$$ Global Retail Development Index (GRDI) released by A.T.Kearney?
    Solution
    India has over taken China and has ranked as the top country in 2017 Global Retail Development Index (GRDI) released by A.T.Kearney. Global Retail Development Index helps to provide ranks to 30 countries on the basis of retail expansion worldwide.
  • Question 5
    1 / -0
    In an under-developed economy, the majority of the population __________.
    Solution
    In an under-developed economy, the majority of the population:
    a) is dependent population
    b) is illiterate population
    c) has a traditional social life
    People living in underdeveloped countries have a low standard of living as the the income generation and employment opportunities are low.Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 6
    1 / -0
    In an under-developed economy, investment in research and development is ___________. 
    Solution
    In an under-developed economy, investment in research and development is low. Scope for investing in research and development is very low in underdeveloped economies.Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
  • Question 7
    1 / -0
    In an under-developed economy, the people's ability to save is low, due to __________.
    Solution
    In an under-developed economy, the people's ability to save is low, due to :
    a) low levels of income
    b) wide-spread poverty
    c) higher propensity to consume Therefore because of the following reasons, in an under-developed economy, the people's ability to save is low. Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 8
    1 / -0
    In an under-developed economy, the majority of the population is ____________.
    Solution
    In an under-developed economy, the majority of the population is dependent population. This means that most of the people living in the underdeveloped economies do not fall under the category of working population, i.e, people are not employed.Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 9
    1 / -0
    In an under-developed economy, the production techniques employed are ___________.
    Solution
    In an under-developed economy, the production techniques employed are primitive and backward. Underdeveloped economies still rely on the traditional methods of production.Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
  • Question 10
    1 / -0
    In an under-developed economy, the standard of living is _________.
    Solution
    In an under-developed economy, the standard of living is low.People living in underdeveloped countries have a low standard of living as the the income generation and employment opportunities are low.Underdeveloped countries can be referred to those countries which are backward economically.
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