Growth and Development-Online Practice Exam 4
Growth and Development-Online Practice Exam 4

Growth and Development-Online Practice Exam 4

NET / SET Online Practice Exams

Growth and Development

Test

Multi-choice 4

Question

1. A country’s rate of growth is determined by-

Answers

The interaction of supply and demand

The average propensity to save

Law of comparative costs

The choice it makes between consumption and investment

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Question

2. Who among of the following has dealt economy model of under-developing ?

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Harrod

Domar

Ricardo

Jorgenson

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Question

3. Bowley’s law refer to-

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Constancy of wage share

Population growth

Technical progress

Elasticity substitute on

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Question

4. All underdeveloped countries are-

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Not developing at all

Receding backwards

Developing at different rate

Developing but slowly

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Question

5. Scientific knowledge has the following sequence. Which of the following is correct?

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Discovery, innovation, improvements, inventions and spread

Innovation, improvement, spread, discovery and innovation

Innovation, discovery, improvement and spread

Discovery, invention, innovation, improvement and spread

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Question

6. As economic growth takes place inequalities of product per worker-

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Are reduced

Are aggravated

Remain unchanged

None of the above

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Question

7. Investment in education has

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Future consumption component

Future earnings component

Both of the above

Future savings components

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Question

8. To Hirschman, development via SOC shortage is-

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A orderly sequence

A cumulative sequence

Permissive

A disorderly sequence

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Question

9. The economic growth of developed nations has been associated with-

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Long-term rise in number of man hours

Short term rise in the income per capita

Both of the above

Long term decline in the number of persons

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Question

10. In the process of economic growth, the rates, duration of phases and the extent of acceleration and retardation have-

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None of these

Shown on similarity whatsoever

Been identical in all countries

Been different in different countries

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