MCQOPTIONS
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MCQOPTIONS
This section includes 266 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Arts in Economics (M.A. Economics) knowledge and support exam preparation. Choose a topic below to get started.
| 251. |
With economic growth, the proportion of labour-force engaged in agriculture: |
| A. | increases |
| B. | decreases |
| C. | remains unaffected |
| D. | changes in an uncertain manner |
| Answer» C. remains unaffected | |
| 252. |
Which growth model inspired the use of capital-output ratio for development planning? |
| A. | the harrod-domar model |
| B. | solow’s model |
| C. | kaldor’s model |
| D. | feldman’s model |
| Answer» B. solow’s model | |
| 253. |
The stationary state as envisaged by Adam Smith, is marked by: |
| A. | low rate of profit |
| B. | subsistence level wages |
| C. | high rents |
| D. | all of the above |
| Answer» E. | |
| 254. |
The rate of growth of an economy mainly depends upon: |
| A. | the rate of growth of the labour force |
| B. | the proportion of national income saved and invested |
| C. | the rate of technological improvements |
| D. | all of the above |
| Answer» E. | |
| 255. |
The concept of economic growth is: |
| A. | identical with the concept of economic development |
| B. | narrower than the concept of economic development |
| C. | wider as compared to that of economic development |
| D. | unrelated to the concept of economic development |
| Answer» C. wider as compared to that of economic development | |
| 256. |
Economic growth can be seen by an outward shift of: |
| A. | the production possibility frontier |
| B. | the gross domestic barrier |
| C. | the marginal consumption frontier |
| D. | the minimum efficient scale |
| Answer» B. the gross domestic barrier | |
| 257. |
Economic growth can be measured by: |
| A. | the cpi |
| B. | the cbi |
| C. | gdp |
| D. | mpc |
| Answer» D. mpc | |
| 258. |
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is |
| A. | the tragedy of commons. |
| B. | sustainable development. |
| C. | net primary productivity (npp). |
| D. | the impossibility theorem. |
| Answer» C. net primary productivity (npp). | |
| 259. |
A value of 1 in Gini index represents |
| A. | low inequality. |
| B. | maximum inequality. |
| C. | 100% inequality. |
| D. | 1% inequality. |
| Answer» C. 100% inequality. | |
| 260. |
The Lorenz curve shows |
| A. | patterns of poverty between developed and developing countries. |
| B. | the change in gdp per capita over time. |
| C. | the poorest’s income shares fall in the early stages of growth. |
| D. | income concentration relative to a 45-degree line. |
| Answer» E. | |
| 261. |
The Harrod-Domar growth model suggests that growth is |
| A. | directly related to savings and inversely related to the capital/output ratio. |
| B. | directly related to the capital/output ratio and inversely related to savings. |
| C. | indirectly related to savings and the capital/output ratio. |
| D. | directly related to savings and the capital/output ratio |
| Answer» E. | |
| 262. |
Rostow’s economic stages are |
| A. | the preconditions for take-off, the take-off, the drive to maturity, and the age of creative destruction. |
| B. | the traditional society, the preconditions for take-off, the take-off, 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-take-off, and the drive to maturity. |
| Answer» C. the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption. | |
| 263. |
As economic development proceeds, income inequality tends to follow a(n) __________ curve |
| A. | convex. |
| B. | inverted u-shaped. |
| C. | l-shaped. |
| D. | s-shaped. |
| Answer» C. l-shaped. | |
| 264. |
The Human Development Index (HDI) summarizes a great deal of social performance in asingle 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» B. longevity, education and living standard. | |
| 265. |
The Physical Quality of Life Index (PQLI) combines three indicators. They are |
| A. | infant mortality, life expectancy and adult literacy rate. |
| B. | crime rate, clean environment and quality of housing. |
| C. | air pollution rate, water pollution rate and sanitation. |
| D. | health, education and environment. |
| Answer» D. health, education and environment. | |
| 266. |
Economic development refers to |
| A. | economic growth. |
| B. | economic growth plus changes in output distribution and economic structure. |
| C. | improvement in the well-being of the urban population. |
| D. | sustainable increases in gross national product. |
| Answer» E. | |