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MCQs 1: A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?

Indifference curve Lorenz curve Budget line Say’s law
Answer Explanation

MCQs 2: Selling public assets to individuals or private business interests ?

Publication Downsizing Privatization All
Answer Explanation

MCQs 3: The investment of private foreign funds in the economy of a developing nation?

Private foreign investment Public investment Both a and b None of these
Answer Explanation

MCQs 4: A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

Tradititional economics Development economics Political economics None
Answer Explanation

MCQs 5: ______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

Traditional economy Political economy Capitalistic economy Open economy
Answer Explanation

MCQs 6: Yearly number of live births per 1000 population is termed as_________________?

Live birth rate Crude birth rate Infant birth rate All
Answer Explanation

MCQs 7: In less developed nations economic dependency burden is__________________?

65 % of the population 55 % of the population 35 % of the population 45 % of the population
Answer Explanation

MCQs 8: In richer nations children are______________% of the dependents?

60 % 70 % 66 % 45%
Answer Explanation

MCQs 9: Rural based population in less developed countries (LDC’s) ?

65 % 45 % 75 % None
Answer Explanation

MCQs 10: Labour force engage in Agriculture in economically developed nations ?

5% 10% 15% 2%
Answer Explanation

MCQs 11: Agriculture contribution in GNP of developing nations ?

15 % 13 % 3 % 21 %
Answer Explanation

MCQs 12: Urban population in LDC’s_________________?

464 % 50 % 36 % 20 %
Answer Explanation

MCQs 13: In developed countries children are….% of the total population ?

62 % 35 % 21 % 16 %
Answer Explanation

MCQs 14: People both rural and urban who are working less than they could___________________?

Under employment Open employment Partial employment None
Answer Explanation

MCQs 15: Urban migration is causing the labour force to grow at annual rates of _____________in LDC?

10-20% 5-7% 30-35% 35-40%
Answer Explanation

MCQs 16: The extreme case of physical resource endowment is ________________?

Gulf oil states United states America USSR South Africa
Answer Explanation

MCQs 17: The number of children who die before their first birthday out of every 1,000 live births?

Infant mortality rate Children mortality rate Crude mortality rate All
Answer Explanation

MCQs 18: Stage of growth model development was porposed by____________________?

Rostow Harrod Dommer Keynes Theodore
Answer Explanation

MCQs 19: “structural transformation of primary subsistence economy for economic development” war proposed by ?

Arthur Lewis Keyne’s Carl Marx Rostow
Answer Explanation

MCQs 20: The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

Relative poor Real poverty Absolute poor None
Answer Explanation

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