Question 1

Scarcity of capital, technological backwardness and unemployment are generally found in
A)developed countries
B)underdeveloped countries
C)both A and B
D)none of the above

Accepted Answer

Scarcity of capital, technological backwardness, and unemployment are characteristic issues of underdeveloped countries, where resources are limited, technology is not advanced, and job opportunities are insufficient.

Question 2

Which of the following denotes an underdeveloped economy?
A)high level of inequalities
B)low level of capital productivity
C)a relatively closed economy
D)all the above

Accepted Answer

All the options listed are characteristics of an underdeveloped economy. High levels of inequalities, low levels of capital productivity, and a relatively closed economy are common indicators of underdevelopment.

Question 3

The concept of PQLI was developed by
A)morris d morris
B)uno
C)undp
D)oxford poverty and human development initiative

Accepted Answer

The concept of Physical Quality of Life Index (PQLI) was developed by Morris D. Morris as a means to measure the quality of life or well-being of a country.

Question 4

The parameter/s of the PQLI is/are
A)life expectancy index
B)standard of living index
C)infant mortality rate
D)a and c

Accepted Answer

The Physical Quality of Life Index (PQLI) includes the life expectancy index and the infant mortality rate as its parameters.

Question 5

The concept of HDI was popularized by
A)morris d morris
B)adam smith
C)keynes
D)mahbub ul haq

Accepted Answer

The concept of Human Development Index (HDI) was popularized by Mahbub ul Haq, a Pakistani economist, as a way to measure a country's level of social and economic development.

Question 6

The component/s of HDI is/are
A)life expectancy index
B)infant mortality rate
C)population growth rate
D)all the above

Accepted Answer

The Human Development Index (HDI) includes the Life Expectancy Index as one of its components, focusing on health and longevity, but does not directly include infant mortality rate or population growth rate as components.

Question 7

The Multidimensional Poverty Index has been developed by
A)the undp
B)oxford hdi
C)the uno
D)morris d morris

Accepted Answer

The answer of The Multidimensional Poverty Index has been developed...

Question 8

Which of following is not a component of Multidimensional Poverty Index?
A)health
B)education
C)occupation
D)standard of living

Accepted Answer

The Multidimensional Poverty Index (MPI) includes three dimensions: health, education, and standard of living. Occupation is not considered a direct component of the MPI.

Question 9

Which of the following is not an indicator to measure Multidimensional Poverty Index?
A)electricity
B)nutrition
C)cooking fuel
D)profession

Accepted Answer

The Multidimensional Poverty Index (MPI) measures various deprivations at the household and individual level in health, education, and standard of living. It does not directly measure profession as an indicator. Instead, it focuses on factors like electricity, nutrition, and cooking fuel among others to assess poverty.

Question 10

Economic growth in India will happen necessarily if there is
A)population growth
B)capital formation
C)technical progress in the global economy
D)all the above

Accepted Answer

Economic growth in India will happen necessarily if there is population growth, capital formation, and technical progress in the global economy.

Question 11

A multi-dimensional measure of poverty include includes which of the following elements?
A)health level
B)education level
C)living standards
D)all of these answer

Accepted Answer

A multi-dimensional measure of poverty includes health level, education level, and living standards among other factors, to provide a more comprehensive understanding of poverty beyond just income levels.

Question 12

Which of the following is a goal of economic development?
A)economic growth
B)reduction of poverty
C)improvement of human development (education, health, etc).
D)all of these answers

Accepted Answer

Economic development aims at overall societal progress, including economic growth, reduction of poverty, and improvement in human development indicators such as education and health.

Question 13

For Rostow, which of the following constitute pre-conditions for take-off?
A)investment rate of at least 5% of gnp
B)universal primary education
C)development of one or more manufacturing sectors with a high growth rate
D)both a and b

Accepted Answer

The answer of For Rostow, which of the following constitute...

Question 14

The Harrod-Domar growth model is based on the relationship of what two economic elements?
A)raw materials and technology
B)savings and investment
C)educational enrolment and number of teachers
D)tariff and tax levels

Accepted Answer

The Harrod-Domar growth model emphasizes the importance of savings and investment as key factors for economic growth. It suggests that the economy's growth rate depends on the level of savings and the productivity of investments.

Question 15

Rate of growth of an economy is measured in terms of:
A)per capita income
B)industrial development
C)number of people who have been lifted above the poverty line
D)national income

Accepted Answer

The rate of growth of an economy is typically measured by the increase in its national income, often represented by GDP (Gross Domestic Product).

Question 16

Sen's welfare theory relies on
A)individuals' accomplishments.
B)individuals' capabilities.
C)individuals' wealth.
D)individuals' education.

Accepted Answer

The answer of Sen's welfare theory relies on
A)individuals' accomplishments.
B)individuals' capabilities.
C)individuals'...

Question 17

How does Sen define poverty?
A)the lack of material well-being
B)the deprivation of basic capabilities for an individual
C)the lack of supportive social institutions to ensure one's basic livelihood
D)the lack of a cultural or religious identity

Accepted Answer

Sen defines poverty as the deprivation of basic capabilities, meaning the inability to achieve certain minimal levels of health, education, and other key aspects necessary for leading a minimally good life.

Question 18

Harrod's definition of rate of growth of an economy do not include
A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Accepted Answer

Harrod's model includes the warranted, actual, and natural rates of growth, but not the sustainable rate of growth.

Question 19

The rate of growth of output which is required to fully employ the entire growing labour force is the
A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Accepted Answer

The natural rate of growth is the rate at which the economy can grow while maintaining full employment, considering the growth of the labor force and productivity.

Question 20

The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------
A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Accepted Answer

The Harrod model explains business cycles in terms of deviations from the warranted rate of growth, which is the growth rate at which planned savings equal planned investment.

Quiz 2: Economic Development and Poverty Measurement Models

Scarcity of capital, technological backwardness and unemployment are generally found in

Which of the following denotes an underdeveloped economy?

The concept of PQLI was developed by

The parameter/s of the PQLI is/are

The concept of HDI was popularized by

The component/s of HDI is/are

The Multidimensional Poverty Index has been developed by

Which of following is not a component of Multidimensional Poverty Index?

Which of the following is not an indicator to measure Multidimensional Poverty Index?

Economic growth in India will happen necessarily if there is

A multi-dimensional measure of poverty include includes which of the following elements?

Which of the following is a goal of economic development?

For Rostow, which of the following constitute pre-conditions for take-off?

The Harrod-Domar growth model is based on the relationship of what two economic elements?

Rate of growth of an economy is measured in terms of:

Sen's welfare theory relies on

How does Sen define poverty?

Harrod's definition of rate of growth of an economy do not include

The rate of growth of output which is required to fully employ the entire growing labour force is the

The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------