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Development Test - 23

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Development Test - 23
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Weekly Quiz Competition
  • Question 1
    1 / -0
    In an under-developed economy, the rate of Capital Formation and Investment is _________.
    Solution
    In an under-developed economy, the rate of Capital Formation and Investment is low. Employment opportunities and income generation are quite low in underdeveloped countries and hence as a consequence, capital formation or capital accumulation and investment function of the economy is quite low.Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 2
    1 / -0
    In an under-developed economy, the productivity of Labour is ________.
    Solution
    In an under-developed economy, the productivity of Labour is low as the production function is quite 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 3
    1 / -0
    In an under-developed economy, the rate of Population Growth is __________.
    Solution
    In an under-developed economy, the rate of Population Growth is high. Population increase day by day in underdeveloped countries but the quality of human capital is low, which ultimately hinder the process of economic growth.Underdeveloped countries can be referred to those countries which are backward economically.
  • Question 4
    1 / -0
    In an under-developed economy, the production techniques employed are primarily _________________.
    Solution
    In an under-developed economy, the production techniques employed are primarily labour intensive. Population is very high in underdeveloped countries and hence labour intensive methods of production is primarily used.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 5
    1 / -0
    In an under-developed economy, employment and under-employment are ____________.
    Solution
    In an under-developed economy, employment and under-employment are low. In underdeveloped countries employment opportunities are low and hence income generation is also very poor.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 6
    1 / -0
    Which of these is a feature of an under-developed economy?
    Solution
    Features of an under-developed economy are:
    a) Low standard of living
    b) Low productivity of labourc) Use of backward and primitive production techniques. 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
    Which of these is not a feature of an under-developed economy?
    Solution
    High standard of living is not  feature of an underdeveloped economy. 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 8
    1 / -0
    Which of these is a feature of an under-developed economy?
    Solution
    Features of an under-developed economy are:
    a) Widespread poverty
    b) Low growth rate of populationc) Low ability to save
    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 9
    1 / -0
    Which of these is a feature of an under-developed economy?
    Solution
    Features of an under-developed economy are:
    a) High Degree of Unemployment
    b) High Degree of inequality of incomesc) Low participation in Foreign Trade
    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
    Which of these is a feature of an under-developed economy?
    Solution
    Features of an under-developed economy are:
    a) Pre-dominance of Agricultural Sector
    b) Wide-spread Poverty
    c) Low Ability to Save Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.
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