Development Test

Result

Development Test - 24

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Weekly Quiz Competition

Question 1
1 / -0

In an under-developed economy, there is ___________ participation in Foreign Trade.

A
low

B
high

C
moderate

D
nothing can be said

Solution

In an under-developed economy, there is low participation in Foreign Trade. Foreign trade prevails at a wider scale in developing and developed countries.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 2
1 / -0

Which of these is a feature of an under-developed economy?

A
Low Rate of Capital Formation

B
High Growth Rate of Population

C
Higher Percentage of Dependent Population

D
All of the above

Solution

Features of an under-developed economy are:
a) Low Rate of Capital Formation
b) High Growth Rate of Populationc) Higher Percentage of Dependent Population 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, General Income Levels and Real Income (Purchasing Power) are ___________.

A
low

B
high

C
moderate

D
nothing can be said

Solution

In an under-developed economy, General Income Levels and Real Income (Purchasing Power) 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 4
1 / -0

In an under-developed economy, there is ___________.

A
relative equality of incomes

B
high degree of inequality of incomes

C
no income at all

D
nothing can be said

Solution

In an under-developed economy, there is high degree of inequality in incomes. Rich-poor divide gap is wide in the underdeveloped countries because of inequality.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

Which of the following is not a cause of under developed country?

A
Unemployment & Poverty

B
Over Population

C
Income Inequalities

D
Dominance of Mass Consumption

Solution

Dominance of Mass consumption is not a cause of under developed 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 6
1 / -0

The term underdevelopment implies __________.

A
social institutions are very backward

B
low per capita real income

C
high level of economic and technological backwardness

D
high population growth

Solution

Underdevelopment refers to the economic and technological backwardness of an economy where the economy has a high level backwardness in all the types of sectors but mainly economic and technological sector.
Question 7
1 / -0

Which of these is not a feature of an under-developed economy?

A
Use of backward and primitive Production Techniques

B
High degree of Unemployment

C
High degree of inequality of incomes

D
High participation in Foreign Trade

Solution

High participation in Foreign Trade 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 the following Nobel laureates in Economics sees development in terms of 'freedoms' and 'capabilities'?

A
Joseph Stiglitz

B
Paul Krugman

C
Jeffrey Sachs

D
None of the above

Solution

This is Amartya Sen who opined that enhancing the lives and the 'freedoms' we enjoy should be the concerns of development known as the 'capabilities' approach to development.
Question 9
1 / -0

Generally an economy is considered underdeveloped if ___________________.

A
The standard of living of people is low and productivity is also considerably low

B
Agriculture is the main occupation of the people and productivity in agriculture is quality low

C
The production techniques are backward

D
All of the above

Solution

Generally an economy is considered underdeveloped if:
a) The standard of living of people is low and productivity is also considerably low
b) Agriculture is the main occupation of the people and productivity in agriculture is quality low
c) The production techniques are backward 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

Generally an economy is considered under developed if ____________.

A
the standard of living of people is low and productivity is also considerably low

B
agriculture is the main occupation of the people and productivity in agriculture is quite low

C
the production techniques are backward

D
all of the above

Solution

Generally an underdeveloped economy is characterized with low standard of living of people, low productivity, agriculture as the main occupation, low productivity in agriculture and backward production techniques.

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Re-Attempt Weekly Quiz Competition

Development Test - 24

Result

Development Test - 24

Score

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Rank

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SHARING IS CARING

Question 1

low

high

moderate

nothing can be said

Solution

Question 2

Low Rate of Capital Formation

High Growth Rate of Population

Higher Percentage of Dependent Population

All of the above

Solution

Question 3

low

high

moderate

nothing can be said

Solution

Question 4

relative equality of incomes

high degree of inequality of incomes

no income at all

nothing can be said

Solution

Question 5

Unemployment & Poverty

Over Population

Income Inequalities

Dominance of Mass Consumption

Solution

Question 6

social institutions are very backward

low per capita real income

high level of economic and technological backwardness

high population growth

Solution

Question 7

Use of backward and primitive Production Techniques

High degree of Unemployment

High degree of inequality of incomes

High participation in Foreign Trade

Solution

Question 8

Joseph Stiglitz

Paul Krugman

Jeffrey Sachs

None of the above

Solution

Question 9

The standard of living of people is low and productivity is also considerably low

Agriculture is the main occupation of the people and productivity in agriculture is quality low

The production techniques are backward

All of the above

Solution

Question 10

the standard of living of people is low and productivity is also considerably low

agriculture is the main occupation of the people and productivity in agriculture is quite low

the production techniques are backward

all of the above

Solution

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