Tag: economics of development

Questions Related to economics of development

Organic farming is the form of agriculture that uses ___________ as manure, and implements biological pest control.

  1. biocompose

  2. chemical fertilizer

  3. both A & B

  4. neither A nor B


Correct Option: A
Explanation:

Organic farming refers to the farming where biocomposite known as death matter is used as manure and implements of biological pest control in agriculture to reduce soil and land pollution.

The self-interest of the developed economies itself demands ___________ of the poor countries.

  1. exploitation

  2. development

  3. slow growth

  4. none of the above


Correct Option: B

Natural resources and quality of environment, i.e, quality of air, water, and land, are common heritage for all generations.

  1. True

  2. False


Correct Option: A

Developed nations have realised that __________ anywhere is a threat to prosperity everywhere.

  1. poverty

  2. prosperity

  3. unemployment

  4. none of the above


Correct Option: A
Explanation:

Economic development refers to the development and growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years. The developed economies deal with other underdeveloped economies. Therefore, these developed countries demand development of all the poor countries so that these countries can achieve higher prosperity. Moreover, these developed countries have understood that poverty anywhere in the world is a threat to prosperity everywhere. 

Underdeveloped countries have undertaken policies for their economic development for which of the following purposes?

  1. Poverty eradication

  2. Achievement of economic power

  3. Global political standing

  4. All of the above


Correct Option: D

Efficient techniques should be used to make optimum use of resources so as to achieve sustainable development.

  1. True

  2. False


Correct Option: A

Economic growth stresses on _________ period of time, whereby the rise in per capita income must be sustained or prolonged.

  1. short

  2. long

  3. very short

  4. either A or C


Correct Option: B

An increase in national income does not represent improvement in the standard of living, since, if increase in ___________ surpasses the growth in national income, the per capita income will fall.

  1. employment level

  2. population

  3. income level

  4. number of industries


Correct Option: B

______________ is the process whereby the real per capita income of a country increases over a long period of time.

  1. Sustainable development

  2. Stable development

  3. Economic growth

  4. None of the above


Correct Option: C

Economic growth is an increase in the national income which is corrected for _____________, i.e, per capital income.

  1. population change

  2. employment level

  3. inflation

  4. poverty


Correct Option: A