Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above
Last Answer : C. State of deprivation of large proportion of population
Description : Which of the following denotes an underdeveloped economy? A. High level of inequalities B. Low level of capital productivity C. A relatively closed economy D. All the above
Last Answer : D. All the above
Description : Which of the following denotes an underdeveloped economy? A. High level of inequality B. Low level of capital productivity C. A relatively closed economy D. All the above
Description : In which sector of Indian economy will we find a high rate of disguised unemployment? A. Service sector B. Agriculture sector C. Manufacture sector D. Mining sector
Last Answer : B. Agriculture sector
Description : Capital formation in underdeveloped countries is a major bottleneck. The reason can be A. Small size of market with no incentive for investment B. Low level of income C. Demonstration effect D. All the above
Last Answer : D. All the abov
Description : What is the mainstay of Indian economy? A. Manufacturing B. Business C. Public sector D. Agriculture
Last Answer : D. Agriculture
Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : Which of the following denotes an underdeveloped economy? a. High level of inequalities b. Low level of capital productivity c. A relatively closed economy d. All the above
Last Answer : d. All the above
Description : If an economy is under developed, it means: A. Agriculture is the main occupation B. Standard of living of people is low C. Production Techniques are backward and obsolete D. All of the above
Last Answer : B. Standard of living of people is low
Last Answer : D. All of the above
Description : Scarcity of capital, technological backwardness and unemployment are generally found in A. Developed countries B. Underdeveloped countries C. Both D. None of the above
Last Answer : B. Underdeveloped countries
Description : Scarcity of capital, technological backwardness and unemployment are generally found in: A. Developed countries B. None of the above C. Underdeveloped countries D. Both
Last Answer : C. Underdeveloped countries
Description : Which of these are not included in territory sector? A. Banking B. Insurance C. Agriculture D. Transport
Last Answer : C. Agriculture
Description : Which among the following is a characteristic of underdevelopment? A. Vicious Circle of poverty B. Rising mass C. Growth of industries D. High rate of Urbanisation
Last Answer : A. Vicious Circle of poverty
Description : What makes India a developing economy? A. Rise in National Income B. Rise in Per Capita Income C. Growing Capital Income D. All of the above
Last Answer : A. Rise in National Income
Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income
Last Answer : D. Per Capita Income
Description : An underdeveloped economy is characterized bya. High per capita real income b. Large proportion of labor force in the tertiary sector c. State of deprivation of large proportion of population d. All the above
Last Answer : c. State of deprivation of large proportion of population Underdeveloped countries face the problem of deprivation of large section of the population, low per capita real income etc.
Description : Which of these is/are the feature of an underdeveloped economy? (a) Greater inequalities ; (b) High incidence of unemployment ; (c) Orthodox means of production ; (d) All the three
Last Answer : (d) All the three
Description : In which sector of Indian economy will we find a high rate of disguised unemployment? (a) Service sector. ; (b) Agriculture sector. ; (c) Manufacture sector. ; (d) Mining sector.
Last Answer : (b) Agriculture sector.
Description : In India the concept of ‘minimum needs’ and ‘directed anti poverty programmes’ were the innovation of? A. Fourth five year plan B. Fifth five year plan C. Sixth five year plan D. Seventh five year plan E. None of these
Last Answer : B. Fifth five year plan
Description : Economic development is characterized by A. Structural change in the economy B. Change in the occupational structure C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : Which plan gave emphasis on removal of poverty for the first time? A. Fourth B. Fifth C. Sixth D. Seventh E. None of these
Last Answer : B. Fifth
Description : Who fixes the poverty line? A. Government B. Lok Sabha C. Rajya Sabha D. Planning Commission
Last Answer : D. Planning Commission
Description : Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above
Last Answer : d. All the above Capital formation refers to investment in tools, machinery, buildings etc. inequalities in the economy is also a reason behind this.
Description : Consider the following statements and identify the right ones. i. Higher level of capital-output ratio indicates efficient use of capital. ii. It reflects the productivity of capital in the economy A. I only B. ii only C. both D. none
Last Answer : B. ii only
Description : Was the agricultural economy underdeveloped in Britain before 1700?
Last Answer : Feel Free to Answer
Description : Agriculture, the key sector in the Pakistan economy accounts for A. 21% of GDP B. 25% of GDP C. 28% of GDP D. 51 of GDP
Last Answer : ANSWER: A
Description : Which of the following is the largest sector of Pakistan's Economy? A. Manufecturing B. Agriculture C. Banking D. Industry
Last Answer : ANSWER: B
Description : 'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
Description : Which sector is the backbone of Indian economy? a) Service Sector b) Financial Sector c) Tourism Sector d) Agriculture Sector
Last Answer : d) Agriculture Sector
Description : ‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : the co-existence of public as well as private sector
Description : Which of these is a secondary sector A. Manufacturing sector B. Transport C. Forestry D. Animal husbandry
Last Answer : A. Manufacturing sector
Description : Which of these is primary sector A. Communication B. Banking C. Construction D. Poultry farming
Last Answer : D. Poultry farming
Description : In agricultural sector net value added is estimated by A. Income method B. Expenditure method C. Production method D. All the three
Last Answer : C. Production method
Description : National Income ignores: A. Sales of a firm B. Salary of Employees C. Exports of the IT Sector D. Sale of land
Last Answer : D. Sale of land
Description : Which of the following issues did the Uruguay Round not address? A. Tariffs B. Intellectual Property C. Agriculture D. Migration E. Services
Last Answer : D. Migration
Description : Disguised unemployment means: A. Unemployment in agriculture B. Unemployment due to recession C. Unemployment due to downturn in business activity D. Marginal Productivity of Labor (MPL) is zero.
Last Answer : C. Unemployment due to downturn in business activity
Description : Which statement is a correct view of psychological egoism? A. While our own interests are important, they make sometimes have to give way to the interests of others. B. Psychological egoism ... D. Psychological egoism does not claim to provide an accurate descriptive account of human behavior.
Last Answer : C. If psychological egoism is true, we should abandon ethics.
Description : Assertion (A): The development of agriculture and industry leads to the development of tertiary sector. Reason (R): As the agriculture and industrial sectors develop, the demand for storage, transport, banking, insurance, etc, increases ... A. (c) A is true but R is false. (d) Both A & R are false.
Last Answer : (a) Both A & R are true and R is the correct explanation of A
Description : What was the objective of First Five Year Plan? (a) Industrial development (b) Agriculture development (c) Service sector development (d) Trade & Business development
Last Answer : (b) Agriculture development
Description : Industrial policy of 1948 aimed at ______. A. industrialization B. growth of agriculture. C. development of infrastructure . D. development of service sector.
Last Answer : A. industrialization
Description : Inequality of Income is measured by: A. Human development index B. Gini Coefficient C. Per Capita Income D. Physical Quality of Life Index
Last Answer : B. Gini Coefficient
Description : Mr. Narayan, the new national sales manager is learning about the internal organizational environment in her company. She will learn about all the following EXCEPT A. Human resources B. ... C. Service capabilities D. Social and cultural environment E. Research and development activities
Last Answer : D. Social and cultural environment