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

Related MCQs

• Which of the following is true: A Economic infrastructure means those basic facilities B. services which directly benefit the process of production and distribution of an economy
• Indian economy today is a i. Developing economy ii. Emerging economy iii. Dual economy iv. Non-agricultural economy
• 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
• Which of the following denotes an underdeveloped economy?
• 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
• Capital formation in underdeveloped countries is a major bottleneck. The reason can be
• The investment by government to create socio-economic infrastructure is
• Despite having large reserves of coal, why does India import millions of tonnes of coal? 1. It is the policy of India to save its own coal reserves for the future and import it from other countries for the present use. 2. Most of the power plants in India are coal based, and they are not able to get sufficient supplies of coal from within the country. 3. Steel companies need a large quantity of coking coal, which has to be imported. Which of the statements given above is/are correct?
• Which of the following is/are comes under Economic Infrastructure?