Categories
Economics

Pakistan’s income is low because

A. fast growing population
B. lack of natural resources
C. low saving rate
D. both a and c

CORRECT ANSWER IS: fast growing population

Categories
Economics

Contribution of agriculture in Pakistan’s national income is

A. 21%
B. 31%
C. 41%
D. 51%

CORRECT ANSWER IS: 21%

Categories
Economics

There are obstacles to rapid economic development of Pakistan

A. social
B. political
C. cultural
D. all of them

CORRECT ANSWER IS: all of them

Categories
Economics

We can increase rate of economic growth in Pakistan if we increase

A. taxes
B. imports
C. investment
D. population

CORRECT ANSWER IS: investment

Categories
Economics

Rate of economic development will fall if

A. export increases
B. government enterprises are privatized
C. smaller % of national income is invested
D. banks increase loans

CORRECT ANSWER IS: smaller % of national income is invested

Categories
Economics

Which is not a characteristic of underdeveloped countries?

A. low per capita income
B. low growth rate of GDP
C. low educational levels
D. low population growth rate

CORRECT ANSWER IS: low population growth rate

Categories
Economics

Pakistan started its first five year plan in

A. 1947
B. 1950
C. 1955
D. 1960

CORRECT ANSWER IS: 1955

Categories
Economics

What according to Malthus puts a stop to the growth process?

A. inadequacy of capital accumulation
B. deficiency in effective demand
C. rapid population growth
D. operation of diminishing returns in agriculture

CORRECT ANSWER IS: deficiency in effective demand

Categories
Economics

Which of the following had the approval of the classical economists (particularly J.S. Mill) as an aid to development?

A. subsidizing the poor
B. imposition of temporary duties on imports to develop particular industries
C. regulation of activities of the rising business class
D. appropriating a part of the national product by the government for unproductive uses

CORRECT ANSWER IS: imposition of temporary duties on imports to develop particular industries

Categories
Economics

In which year, two authors of Harrod-Domar model wrote earlier?

A. 1940
B. 1939
C. 1946
D. 1948

CORRECT ANSWER IS: 1939