Capital formation in underdeveloped countries is a major bottleneck. The reason can be

Related MCQs

• Which of the following is true: A. Development of sufficient and quality infrastructure helps in economic development by facilitating production and investment in any economy. B. shortage of these facilities in underdeveloped countries is the main cause of less economic development
• As we know, a lot of people from underdeveloped states migrate to various progressive states as agricultural labour. What are the major problems of agriculture in India owing to which people have to leave their own land and work as laborer on somebody else’s farm/land? 1. Lack of irrigation facilities, low productivity of land and uncertain monsoon. 2. Non availability of fertilizers etc. on subsidized rates. 3. Single crop cultivation. Select the correct option
• In _______________, countries focus on eliminating internal tariffs among member countries, have a common external trading policy among nonmembers, allow free mobility of productions factors within member countries, and adopt common economic policies.
• An underdeveloped economy is characterized by
• Which of the following denotes an underdeveloped economy?
• 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
• _______________ occurs when trade shifts to countries in the group at the expense of trade with countries not in the group, even though the nonmember country might be more efficient in the absence of trade barriers.
• A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.
• Amalgamation and rapid unification between countries can be identified as
• Trade between two countries can be useful if cost ratios of goods are: