Categories
Economics

When economic development takes place

A. market imperfections increase
B. population increases
C. capital stock increases
D. both b and c

CORRECT ANSWER IS: both b and c

Categories
Economics

It is a measure of economic development

A. increase in national and per capita income
B. increase in working population
C. increase in personal incomes
D. both a and c

CORRECT ANSWER IS: increase in national and per capita income

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