Notes Growth and Development-Online Practice Exam 4 November 28, 2023 April 22, 2024 NET / SET Online Practice Exams Test Growth and Development Multi-choice 4 Question 1. A country’s rate of growth is determined by- Answers Option 1 The interaction of supply and demand Option 2 The average propensity to save Option 3 Law of comparative costs Option 4 The choice it makes between consumption and investment Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Who among of the following has dealt economy model of under-developing ? Answers Option 1 Harrod Option 2 Domar Option 3 Ricardo Option 4 Jorgenson Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Bowley’s law refer to- Answers Option 1 Constancy of wage share Option 2 Population growth Option 3 Technical progress Option 4 Elasticity substitute on Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. All underdeveloped countries are- Answers Option 1 Not developing at all Option 2 Receding backwards Option 3 Developing at different rate Option 4 Developing but slowly Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Scientific knowledge has the following sequence. Which of the following is correct? Answers Option 1 Discovery, innovation, improvements, inventions and spread Option 2 Innovation, improvement, spread, discovery and innovation Option 3 Innovation, discovery, improvement and spread Option 4 Discovery, invention, innovation, improvement and spread Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. As economic growth takes place inequalities of product per worker- Answers Option 1 Are reduced Option 2 Are aggravated Option 3 Remain unchanged Option 4 None of the above Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Investment in education has Answers Option 1 Future consumption component Option 2 Future earnings component Option 3 Both of the above Option 4 Future savings components Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. To Hirschman, development via SOC shortage is- Answers Option 1 A orderly sequence Option 2 A cumulative sequence Option 3 Permissive Option 4 A disorderly sequence Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The economic growth of developed nations has been associated with- Answers Option 1 Long-term rise in number of man hours Option 2 Short term rise in the income per capita Option 3 Both of the above Option 4 Long term decline in the number of persons Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 10. In the process of economic growth, the rates, duration of phases and the extent of acceleration and retardation have- Answers Option 1 None of these Option 2 Shown on similarity whatsoever Option 3 Been identical in all countries Option 4 Been different in different countries Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Prepared by www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter
Multi-choice 4 Question 1. A country’s rate of growth is determined by- Answers Option 1 The interaction of supply and demand Option 2 The average propensity to save Option 3 Law of comparative costs Option 4 The choice it makes between consumption and investment Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Who among of the following has dealt economy model of under-developing ? Answers Option 1 Harrod Option 2 Domar Option 3 Ricardo Option 4 Jorgenson Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Bowley’s law refer to- Answers Option 1 Constancy of wage share Option 2 Population growth Option 3 Technical progress Option 4 Elasticity substitute on Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. All underdeveloped countries are- Answers Option 1 Not developing at all Option 2 Receding backwards Option 3 Developing at different rate Option 4 Developing but slowly Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Scientific knowledge has the following sequence. Which of the following is correct? Answers Option 1 Discovery, innovation, improvements, inventions and spread Option 2 Innovation, improvement, spread, discovery and innovation Option 3 Innovation, discovery, improvement and spread Option 4 Discovery, invention, innovation, improvement and spread Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. As economic growth takes place inequalities of product per worker- Answers Option 1 Are reduced Option 2 Are aggravated Option 3 Remain unchanged Option 4 None of the above Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Investment in education has Answers Option 1 Future consumption component Option 2 Future earnings component Option 3 Both of the above Option 4 Future savings components Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. To Hirschman, development via SOC shortage is- Answers Option 1 A orderly sequence Option 2 A cumulative sequence Option 3 Permissive Option 4 A disorderly sequence Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The economic growth of developed nations has been associated with- Answers Option 1 Long-term rise in number of man hours Option 2 Short term rise in the income per capita Option 3 Both of the above Option 4 Long term decline in the number of persons Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 10. In the process of economic growth, the rates, duration of phases and the extent of acceleration and retardation have- Answers Option 1 None of these Option 2 Shown on similarity whatsoever Option 3 Been identical in all countries Option 4 Been different in different countries Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback)
Multi-choice 4 Question 1. A country’s rate of growth is determined by- Answers Option 1 The interaction of supply and demand Option 2 The average propensity to save Option 3 Law of comparative costs Option 4 The choice it makes between consumption and investment Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Who among of the following has dealt economy model of under-developing ? Answers Option 1 Harrod Option 2 Domar Option 3 Ricardo Option 4 Jorgenson Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Bowley’s law refer to- Answers Option 1 Constancy of wage share Option 2 Population growth Option 3 Technical progress Option 4 Elasticity substitute on Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. All underdeveloped countries are- Answers Option 1 Not developing at all Option 2 Receding backwards Option 3 Developing at different rate Option 4 Developing but slowly Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Scientific knowledge has the following sequence. Which of the following is correct? Answers Option 1 Discovery, innovation, improvements, inventions and spread Option 2 Innovation, improvement, spread, discovery and innovation Option 3 Innovation, discovery, improvement and spread Option 4 Discovery, invention, innovation, improvement and spread Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. As economic growth takes place inequalities of product per worker- Answers Option 1 Are reduced Option 2 Are aggravated Option 3 Remain unchanged Option 4 None of the above Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Investment in education has Answers Option 1 Future consumption component Option 2 Future earnings component Option 3 Both of the above Option 4 Future savings components Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. To Hirschman, development via SOC shortage is- Answers Option 1 A orderly sequence Option 2 A cumulative sequence Option 3 Permissive Option 4 A disorderly sequence Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The economic growth of developed nations has been associated with- Answers Option 1 Long-term rise in number of man hours Option 2 Short term rise in the income per capita Option 3 Both of the above Option 4 Long term decline in the number of persons Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 10. In the process of economic growth, the rates, duration of phases and the extent of acceleration and retardation have- Answers Option 1 None of these Option 2 Shown on similarity whatsoever Option 3 Been identical in all countries Option 4 Been different in different countries Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback)