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1. |
What is meant by Mix Economy? |
A. | co-existence of public sector along with private sector |
B. | Equal promotion of agriculture and industry. |
C. | It is controlled only by heavy industry |
D. | It is controlled by military as well as civilian |
Answer» A. co-existence of public sector along with private sector |
2. |
The economy planning of India cannot be said to be _______. |
A. | Imperative |
B. | Limited |
C. | Restricted |
D. | emblematic |
Answer» A. Imperative |
3. |
The task of Planning Commission of India is _________. |
A. | Backing up the plan |
B. | Preparation of the plan |
C. | monetisation the plan |
D. | None of the above |
Answer» B. Preparation of the plan |
4. |
The book ‘Planned Economy for India‘ was written by which of the following author? |
A. | Dr.AmartySen |
B. | Jawaharlal Nehru |
C. | M Visvesvarya |
D. | Indira Gandhi |
Answer» C. M Visvesvarya |
5. |
How agriculture contributing to the India economy? |
A. | It helps Increasing |
B. | It helps decreasing |
C. | It has no contribution |
D. | None of the above |
Answer» A. It helps Increasing |
6. |
In which year National Development Council was set up? |
A. | 1949 |
B. | 1955 |
C. | 1951 |
D. | 1952 |
Answer» D. 1952 |
7. |
Which of the following option regarding Indian economy is correct? |
A. | It is a subject in the Union List. |
B. | It is a subject in the Concurrent List. |
C. | It is a subject in the State List. |
D. | It is not specified in any special list. |
Answer» A. It is a subject in the Union List. |
8. |
What is the factor that government depends on for financing the Five Year Plan? |
A. | Only taxation |
B. | Public borrowing |
C. | deficit financing |
D. | both public borrowing and deficit |
Answer» A. Only taxation |
9. |
From which of the following commission The National Development Commission get its administrative support? |
A. | Census Commission |
B. | Planning Commission |
C. | Competition Commission of India |
D. | Finance Commission |
Answer» B. Planning Commission |
10. |
How the Five Year Plan of India intend to develop the country’s industrially? |
A. | Through the public sector |
B. | Through the private sector |
C. | through the collaboration with Non-resident Indian. |
D. | Through public, private, joint and Cooperative sectors |
Answer» D. Through public, private, joint and Cooperative sectors |
11. |
What is meant by ‘Take off stage‘ in an economy? |
A. | It means steady growth begins. |
B. | it means economy is stagnant |
C. | It means all controls are remov |
Answer» A. It means steady growth begins. |
12. |
Who publish the Economy Survey of India? |
A. | Minister of Finance. |
B. | Minister of External Affairs |
C. | Minister of Home Affairs |
D. | Minister Of Commerce and Industry |
Answer» A. Minister of Finance. |
13. |
What percentage of population of India are engaged in primary sector? |
A. | 50% |
B. | 60% |
C. | 70% |
D. | 65% |
Answer» C. 70% |
14. |
What is the definition of sex ratio? |
A. | Number of deaths per 1,000 live births of children |
B. | Number of women per 1000 men |
C. | Number of women per 100000 men |
D. | Number of men per 1000 women |
Answer» B. Number of women per 1000 men |
15. |
Which age group is included to calculate Child Sex Ratio? |
A. | 1-6 years |
B. | 0-5 years |
C. | 0-6 years |
D. | 0- 6 months |
Answer» C. 0-6 years |
16. |
According to the latest data released by the NITI Aayog in 2016; What is the Infant Mortality Rate in India in 2016? |
A. | 42 per 1000 live births |
B. | 34 per 1000 live births |
C. | 29 per 1000 live births |
D. | 54 per 1000 live births |
Answer» B. 34 per 1000 live births |
17. |
Which of the following characteristics are most likely found in developing countries? |
A. | high population growth rates. |
B. | large number of people living in poverty. |
C. | very traditional methods of agricultural production. |
D. | all of the above |
Answer» D. all of the above |
18. |
Which of the following could not be considered a major economic system? |
A. | capitalism. |
B. | communism. |
C. | socialism. |
D. | physical quality of life index. |
Answer» D. physical quality of life index. |
19. |
Which of the following did Mahatma Gandhi, non-violent politician and leader of India’s nationalist movement, not advocate? |
A. | village economic development. |
B. | handicraft production and labor-intensive technology. |
C. | centralized decision making. |
D. | reduction of material wants. |
Answer» C. centralized decision making. |
20. |
Which of the following statement is not true about LDCs? |
A. | Most LDCs have less than 1/10 the per capita GNP of the U.S. |
B. | A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S. |
C. | Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. |
D. | Most LDCs have a greater shortage of qualified teachers than the U.S. does. |
Answer» C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. |
21. |
Which of the following is not one of the Newly Industrialized Countries (NICs)? |
A. | Japan |
B. | South Korea |
C. | Taiwan |
D. | Singapore |
Answer» A. Japan |
22. |
Longevity is a proxy for ___________ in the Human Development Index |
A. | health and nutrition. |
B. | living standard |
C. | infant mortality |
D. | Purchasing Power Parity |
Answer» A. health and nutrition. |
23. |
The Human Development Index (HDI) summarizes a great deal of social performance in a single composite index, combining |
A. | disparity reduction rate, human resource development rate and the composite index. |
B. | longevity, education and living standard. |
C. | minimum schooling, adult literacy and tertiary educational attainment. |
D. | human resource training, development and R&D. |
Answer» A. disparity reduction rate, human resource development rate and the composite index. |
24. |
Infant mortality |
A. | is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. |
B. | reflects the availability of primary education, the rights of employment and social security. |
C. | is life expectancy up to age 3. |
D. | reflects the availability of hospitals and childcare facilities, and the parents’ wealth. |
Answer» A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. |
25. |
Which of the following is not a problem in comparing developed and developing countries’ GNP? |
A. | GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods |
B. | The economic contribution of a housewife in a peasant family may not be measured in GNP in poor country. |
C. | GNP is understated for developing countries since many of their labor-intensive good have no impact on exchange rate since they are not trad |
Answer» A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods |
26. |
The bourgeoisie refers to |
A. | the monarchy. |
B. | the central planners of the Soviet Union. |
C. | the capitalist and middle class. |
D. | the aristocrats of wealthy nations. |
Answer» C. the capitalist and middle class. |
27. |
ASEAN refers to the |
A. | Association of South East Agro Nations. |
B. | Association of South East Asian Nations. |
C. | Alliance of South East Asian Neighbors. |
D. | Alliance of South Eastern African Nations. |
Answer» B. Association of South East Asian Nations. |
28. |
A dual economy is distinguished from other economies by having |
A. | an industrial sector and a manufacturing sector. |
B. | a traditional agricultural sector and a modern industrial sector. |
C. | state ownership of the means of production. |
D. | an industrial sector that concentrates on manufacturing and construction. |
Answer» B. a traditional agricultural sector and a modern industrial sector. |
29. |
Increases in real GNP per capita occur when |
A. | government programs direct resources away from investment goods to consumer goods. |
B. | tariffs and quotas prevent countries from trading and thus prevent dollars from leaving the country. |
C. | the rate of growth of real GNP is greater than the rate of growth of population. |
D. | the level of consumption expenditures rises relative to the level of saving. |
Answer» C. the rate of growth of real GNP is greater than the rate of growth of population. |
30. |
What is gross domestic product (GDP)? |
A. | income earned through foreign exchange. |
B. | the number of dollars earned in industry. |
C. | income earned within a country’s boundaries. |
D. | goods received from the nation’s local residents. |
Answer» C. income earned within a country’s boundaries. |
31. |
Increases in real GNP per capita occur when |
A. | government programs direct resources away from investment goods to consumer goods. |
B. | tariffs and quotas prevent countries from trading and thus prevent dollars from leaving each country. |
C. | the rate of growth in real GNP is greater than the rate of growth in the population. |
D. | the level of consumption expenditures rises relative to the level of saving. |
Answer» C. the rate of growth in real GNP is greater than the rate of growth in the population. |
32. |
Which of the following is not a requirement for economic development? |
A. | a temperate climate. |
B. | natural resources. |
C. | an adequate capital base. |
D. | technological advance. |
Answer» A. a temperate climate. |
33. |
The informal sector includes
|
A. | I and II only |
B. | III and IV only |
C. | IV only |
D. | I, II, III and IV |
Answer» D. I, II, III and IV |
34. |
One criticism of Rostow's theory of economic growth is that |
A. | much available data contradicts his thesis about the takeoff stage. |
B. | there is no explanation of why growth occurs after takeoff. |
C. | his hypothesis of the stages of growth is difficult to test empirically. |
D. | all of the above are correct. |
Answer» D. all of the above are correct. |
35. |
Criticisms of Rostow's stages of development include |
A. | the difficulty of testing the stages scientifically. |
B. | conditions for takeoff are contradicted by historical evidence. |
C. | characteristics of one stage are not unique to that stage. |
D. | all of the above are correct. |
Answer» D. all of the above are correct. |
36. |
Rostow's economic stages are |
A. | the preconditions for takeoff, the takeoff, the drive to maturity, and the age of creative destruction. |
B. | the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption. |
C. | the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption. |
D. | the learning curve, the age of high mass consumption, post-takeoff, and the drive to maturity. |
Answer» B. the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption. |
37. |
For Rosenstein-Rodan a major indivisibility is in |
A. | supply. |
B. | infrastructure. |
C. | agriculture. |
D. | services. |
Answer» B. infrastructure. |
38. |
A major dependency theorist, Andre Gunder Frank suggests that the following economic activities have contributed to underdevelopment:
|
A. | I and II only. |
B. | II and III only. |
C. | I, II and III only. |
D. | I, II, III and IV. |
Answer» C. I, II and III only. |
39. |
Industrialization |
A. | causes development. |
B. | is positively related to development. |
C. | is inversely related to development. |
D. | inhibits development. |
Answer» B. is positively related to development. |
40. |
Frank (1967) made the claim that 'underdeveloped' societies were: |
A. | insufficiently involved in the international capitalist economy |
B. | reluctant to surrender their traditional ways of life |
C. | economically dependent on the wealthy countries that exploited them |
D. | the 'metropoles' to which 'satellite' countries were attached |
Answer» C. economically dependent on the wealthy countries that exploited them |
41. |
Which of the following is not a feature of globalization? |
A. | An increasing awareness of the world as a whole |
B. | the extended power of nation states |
C. | the destruction of distance through communications technologies |
D. | the stretching of social relations beyond national boundaries |
Answer» B. the extended power of nation states |
42. |
The capitalist world economy is what Wallerstein (1974) would call a 'world system'. This term refers to: |
A. | a means of transporting money between different areas of a country |
B. | an empire with a bureaucratic administration but no political centre |
C. | an awareness of risks and dangers that affect the environment as a whole |
D. | a unit with a division of labour that extends across ethnic and cultural groups |
Answer» D. a unit with a division of labour that extends across ethnic and cultural groups |
43. |
The use of 'indentured labour' in the nineteenth century involved: |
A. | people being transported to the British colonies and forced to work for one employer under poor conditions |
B. | the sale of African people through the slave trade in the 'Atlantic triangle' |
C. | selecting the most skilled workers in factories to promote their employer's company overseas |
D. | extracting the teeth of the laziest workers to stop them from talking |
Answer» A. people being transported to the British colonies and forced to work for one employer under poor conditions |
44. |
War became possible between nation states in the nineteenth century because: |
A. | the world was divided into several rival overseas empires |
B. | industrialization provided better transport, technology and administration |
C. | there was intense economic, political and military competition |
D. | all of the above |
Answer» D. all of the above |
45. |
Economic aid has largely failed to promote modernization in the developing countries because: |
A. | there are no clearly defined projects into which the money can be directed |
B. | the United Nations has refused to call on rich countries to provide it |
C. | debt repayments with interest can be greater than the amount of money received |
D. | debt repayments with interest can be greater than the amount of money received |
Answer» C. debt repayments with interest can be greater than the amount of money received |
46. |
The term 'over-urbanization' means that: |
A. | life in modern Western cities is so far removed from that of the Third World that we find it difficult to understand these societies |
B. | in poorer countries, the rapidly developing cities drain resources from the rural areas |
C. | the extent to which urbanization affects development has been exaggerated |
D. | governments are so preoccupied with urbanization in the West that they forget to attend to problems in the Third World |
Answer» B. in poorer countries, the rapidly developing cities drain resources from the rural areas |
47. |
Which of the following is not a consequence of global tourism? |
A. | decreased rates of prostitution and sex tourism |
B. | developing countries can depend on it as a crucial source of income |
C. | the exploitation of cheap, unregulated labour in poor countries |
D. | we have become more aware of 'other' societies and ways of living |
Answer» A. decreased rates of prostitution and sex tourism |
48. |
Environmentalist social movements are global in the sense that: |
A. | they increase our awareness of risks that affect the whole planet |
B. | they appeal to universal values and human rights |
C. | they use global media to generate publicity |
D. | all of the above |
Answer» D. all of the above |
49. |
Which of the following is an example of development in a country? |
A. | an increase in population |
B. | an increase in agricultural production |
C. | the expansion of an existing industry |
D. | the extension of the electricity grid into previously unconnected rural areas |
Answer» D. the extension of the electricity grid into previously unconnected rural areas |
50. |
The Gross Domestic Product is: |
A. | the total value of industrial production in a country in a year |
B. | the total value of goods and services produced by a country in a year |
C. | the value of agricultural production in a country in a year |
D. | the combined value of imports and exports for a country |
Answer» B. the total value of goods and services produced by a country in a year |
51. |
The country with the highest GNI (PPP) per capita in 2006–07 was: |
A. | Luxembourg |
B. | Singapore |
C. | Switzerland |
D. | Norway |
Answer» A. Luxembourg |
52. |
Which of the following is not part of the Human Development Index? |
A. | infant mortality |
B. | life expectancy |
C. | educational attainment |
D. | GDP per capita |
Answer» A. infant mortality |
53. |
According to the Human Development Report 2009, the country with the highest human development (in 2007) was: |
A. | Canada |
B. | Norway |
C. | Japan |
D. | Australia |
Answer» B. Norway |
54. |
Which world region has the lowest levels of human development? |
A. | Asia |
B. | Africa |
C. | South and Central America |
D. | Europe |
Answer» B. Africa |
55. |
The concept of least developed countries was first identified by the United Nations in: |
A. | 1958 |
B. | 1968 |
C. | 1978 |
D. | 1988 |
Answer» B. 1968 |
56. |
How many countries were identified as LDCs by The Least Developed Countries Report 2009? |
A. | 19 |
B. | 29 |
C. | 39 |
D. | 49 |
Answer» D. 49 |
57. |
Most of the world’s LDCs are located in: |
A. | Sub-Saharan Africa |
B. | Asia |
C. | South America |
D. | Europe |
Answer» A. Sub-Saharan Africa |
58. |
One of the first countries to be classed as a newly industrialised country was: |
A. | India |
B. | China |
C. | South Korea |
D. | the Philippines |
Answer» C. South Korea |
59. |
An economy that grows very rapidly is often referred to as a: |
A. | lion economy |
B. | cheetah economy |
C. | puma economy |
D. | tiger economy |
Answer» D. tiger economy |
60. |
The number of deaths of children under one year of age per 1000 live births is the: |
A. | child mortality rate |
B. | infant mortality rate |
C. | toddler mortality rate |
D. | neo-natal mortality rate |
Answer» B. infant mortality rate |
61. |
The highest average rate of infant mortality is in: |
A. | South America |
B. | Central America |
C. | Asia |
D. | Africa |
Answer» D. Africa |
62. |
TheGini coefficient is a technique frequently used to show: |
A. | variations in life expectancy |
B. | income inequality |
C. | differences in infant mortality |
D. | the education gap |
Answer» B. income inequality |
63. |
A graphical technique that can be used to show the degree of inequality that exists between two variables is the: |
A. | Lorenz curve |
B. | median-line bar graph |
C. | Kuznets curve |
D. | semantic differential profile |
Answer» A. Lorenz curve |
64. |
The theory of cumulative causation is credited to: |
A. | Dicken |
B. | Waters |
C. | Harvey |
D. | Myrdal |
Answer» D. Myrdal |
65. |
The most highly populated region in Brazil is the: |
A. | South |
B. | South-east |
C. | North-east |
D. | North |
Answer» B. South-east |
66. |
The city with the highest population in Brazil is: |
A. | Rio de Janeiro |
B. | Brasilia |
C. | São Paulo |
D. | Belo Horizonte |
Answer» C. São Paulo |
67. |
Which theory was popularised by Immanuel Wallerstein? |
A. | modernisation theory |
B. | world system theory |
C. | dependency theory |
D. | globalisation theory |
Answer» B. world system theory |
68. |
How many Millennium Development Goals have been set to be achieved by 2015? |
A. | 4 |
B. | 8 |
C. | 12 |
D. | 16 |
Answer» B. 8 |
69. |
Approximately how many people died of malaria worldwide in 2006? |
A. | 250 000 |
B. | 500 000 |
C. | 750 000 |
D. | 1 000 000 |
Answer» D. 1 000 000 |
70. |
The number of people newly infected with HIV peaked in: |
A. | 1990 |
B. | 1996 |
C. | 2000 |
D. | 2006 |
Answer» B. 1996 |
71. |
In 2005 the difference in the maternal mortality rate between the developed and developing regions of the world was: |
A. | 9 : 150 |
B. | 9 : 250 |
C. | 9 : 350 |
D. | 9 : 450 |
Answer» D. 9 : 450 |
72. |
Oxfam is an example of: |
A. | an NGO |
B. | a TNC |
C. | a trade bloc |
D. | a UN agency |
Answer» A. an NGO |
73. |
Aid supplied by a donor country whereby the level of technology is properly suited to the conditions in the receiving country is known as: |
A. | low technology |
B. | suitable technology |
C. | appropriate technology |
D. | sustainable technology |
Answer» C. appropriate technology |
74. |
Foreign aid that has to be spent in the country providing the aid is called: |
A. | strings aid |
B. | ropes aid |
C. | commented aid |
D. | tied aid |
Answer» D. tied aid |
75. |
Creating a World without Poverty was written by: |
A. | Muhammad Yunus |
B. | Shiva Naipaul |
C. | Vladimir Nabokov |
D. | Isaac Asimov |
Answer» A. Muhammad Yunus |
76. |
The capital of Mauritania is: |
A. | Tichet |
B. | Nouakchott |
C. | Atar |
D. | Nouadhibou |
Answer» B. Nouakchott |
77. |
Mauritania has a population of approximately: |
A. | 2.4 million |
B. | 10.4 million |
C. | 20.4 million |
D. | 30.4 million |
Answer» A. 2.4 million |
78. |
Mauritania’s main export is: |
A. | zinc |
B. | iron ore |
C. | copper |
D. | bauxite |
Answer» B. iron ore |
79. |
Which three indicators are used in the Human Development Index (HDI)?
|
A. | Only I,II& IV |
B. | Only I, II, & III |
C. | Only I & II |
D. | All of the above |
Answer» B. Only I, II, & III |
80. |
Who releases the Human Development Report? |
A. | World bank |
B. | World economic forum |
C. | United Nations |
D. | UNCTAD |
Answer» C. United Nations |
81. |
Who secured the top rank in The Human Development Report 2018? |
A. | Sweden |
B. | Norway |
C. | Switzerland |
D. | Austria |
Answer» B. Norway |
82. |
Who secured the lowest rank in The Human Development Report 2018? |
A. | Afghanistan |
B. | Congo |
C. | Niger |
D. | Kenya |
Answer» C. Niger |
83. |
What is the rank of India in the Human Development Index 2018? |
A. | 142nd |
B. | 136th |
C. | 140th |
D. | 130th |
Answer» D. 130th |
84. |
When was the Gender Inequality Index (GII) introduced? |
A. | 2010 |
B. | 2011 |
C. | 1999 |
D. | 2005 |
Answer» A. 2010 |
85. |
Who invented the Human development Index? |
A. | Paul krugman |
B. | Mahbub –ulHaq |
C. | Jean dreze |
D. | Alfred marshal |
Answer» B. Mahbub –ulHaq |
86. |
Who releases the Multidimensional Poverty Index (MPI)? |
A. | World Bank |
B. | World Economic Forum |
C. | UNDP |
D. | Asian Development Bank |
Answer» C. UNDP |
87. |
Which of the following index is not released by the UNDP? |
A. | Human Development Index |
B. | Multidimensional Poverty Index |
C. | Gender Inequality Index |
D. | Environmental Quality Index |
Answer» D. Environmental Quality Index |
88. |
Which statement depicts the best definition of sustainable development? |
A. | It means optimal utilization of natural resources. |
B. | Sustainable use of natural resources without considering the need of the future generation. |
C. | Present generation fulfills its needs while considers the needs of the future generation as well. |
D. | None of these |
Answer» C. Present generation fulfills its needs while considers the needs of the future generation as well. |
89. |
General Agreement on Tariffs and Trade (GATT) went into effect? |
A. | 1945 |
B. | 1948 |
C. | 1946 |
D. | 1947 |
Answer» B. 1948 |
90. |
GATT was originally signed by how many countries including the USA? |
A. | 22 |
B. | 20 |
C. | 23 |
D. | 25 |
Answer» C. 23 |
91. |
Name the agreement which was signed by the United States. Canada and Mexico towards removing trade barriers? |
A. | SEATO |
B. | CENTO |
C. | NAFTA |
D. | None of them |
Answer» C. NAFTA |
92. |
When was GATT replaced with WTO? |
A. | 1994 |
B. | 1992 |
C. | 1995 |
D. | 1993 |
Answer» C. 1995 |
93. |
When did World Trade Organisation come into effect? |
A. | February 5, 1994 |
B. | January 1, 1995 |
C. | March 6, 1996 |
D. | April 8, 1994 |
Answer» B. January 1, 1995 |
94. |
By the backing of how many founder members was WTO established? |
A. | 80 |
B. | 82 |
C. | 85 |
D. | 84 |
Answer» C. 85 |
95. |
WTO comes as the third economic pillar of world-wide dimensions along with the World Bank and ___________? |
A. | International Monetary Funds (IMF) |
B. | international Economic Association (IEA) |
C. | International Funding Organisation (IFO) |
D. | International Development Bank (IDB) |
Answer» A. International Monetary Funds (IMF) |
96. |
Which of the following is the main objective behind the establishment of WTO? |
A. | To settle disputes between nations |
B. | To widen the principle of free trade to sectors such as services and agriculture |
C. | To cover more areas than GATT |
D. | All of them |
Answer» D. All of them |
97. |
Which of the following is the headquarters of World Trade Organisation (WTO)? |
A. | Paris |
B. | New York |
C. | Geneva |
D. | Madrid |
Answer» C. Geneva |
98. |
China became a member of world trade Organization in_________? |
A. | 1945 |
B. | 1960 |
C. | 1990 |
D. | 2001 |
Answer» D. 2001 |
99. |
How many countries are the current members of WTO? |
A. | 181 |
B. | 191 |
C. | 161 |
D. | 123 |
Answer» C. 161 |
100. |
When did Pakistan join the WTO? |
A. | January 1, 1995 |
B. | February 1, 1995 |
C. | January 1, 2001 |
D. | Pakistan is not a member |
Answer» A. January 1, 1995 |
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