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MCQs 1: Year number of deaths per 1,000 population is called?

Crude mortality rate Death rates Both None
Answer Explanation

MCQs 2: “The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of?

Rostow growth stages Keynesian development theory Harod-Domar growth model None
Answer Explanation

MCQs 3: Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by________________?

Gini co-efficient Rostow’s model Lewis theory None
Answer Explanation

MCQs 4: Total amount of income necessary to raise everyone who is below the poverty line up to that line ?

Subsistence income Poverty gap Absolutely poverty None
Answer Explanation

MCQs 5: Economic model describing growth of the economy on one or at most a few sectors and variables?

Formal growth model Functional growth model Aggregate growth model None
Answer Explanation

MCQs 6: Gradual pay off a loan principle ?

Autarchy Hierarchically Amortization AID
Answer Explanation

MCQs 7: A summary statement of a nations financial transactions with the outside world ?

Balance of payments Trade off Both a and b None
Answer Explanation

MCQs 8: A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?

Basic needs Poverty line Gini co-efficient None
Answer Explanation

MCQs 9: The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?

Capital flight Immigration Brain Drain All
Answer Explanation

MCQs 10: Increasing a country’s stock of real capital (net investment in fixed essels)__________________?

Capital accumulation Capital dumping Capital stock None
Answer Explanation

MCQs 11: Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

Central Bank State Bank Both None
Answer Explanation

MCQs 12: Transfer of funds to a foreign country by a local citizen by business ?

Dumping Anti dumping Capital flight Brain
Answer Explanation

MCQs 13: A ratio that shows the unit of capital required to produce a unit of output over a given period of time?

Capital input ratio Capital output ratio Capital intensive ratio None
Answer Explanation

MCQs 14: Excess utility over price derived by the consumers because of negative sloping demand curve ?

Producer surplus Consumer surplus Marginal utility Demand surplus
Answer Explanation

MCQs 15: Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?

Consumption economics Consumption function Consumption surplus Consumer demand
Answer Explanation

MCQs 16: Cetris peribus stands for__________________?

Let it be All else being equal Same as given before None
Answer Explanation

MCQs 17: An agreement among sellers of a commodity to set a common price or share their commodity market?

Oligopoly Monopoly collusion All
Answer Explanation

MCQs 18: An economic plan that sets targets to cover all the major sectors of the national economy?

Centralized plan Comprehensive plan Commune None
Answer Explanation

MCQs 19: The study of how economies are transformed from stagnation to growth and from low income to higher income status?

Econometrics Development economics Development plan All
Answer Explanation

MCQs 20: All seem fully employed but in reality much of their time is spent in unproductive activities?

Disguised underemployment Underemployment Closed underemployment None
Answer Explanation

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