Correct : A. co-existence of public sector along with private sector
2. The economy planning of India cannot be said to be _______.
Correct : A. Imperative
3. The task of Planning Commission of India is _________.
Correct : B. Preparation of the plan
4. The book ‘Planned Economy for India‘ was written by which of the following author?
Correct : C. M Visvesvarya
5. How agriculture contributing to the India economy?
Correct : A. It helps Increasing
6. In which year National Development Council was set up?
Correct : D. 1952
7. Which of the following option regarding Indian economy is correct?
Correct : A. It is a subject in the Union List.
8. What is the factor that government depends on for financing the Five Year Plan?
Correct : A. Only taxation
9. From which of the following commission The National Development Commission get its
administrative support?
Correct : B. Planning Commission
10. How the Five Year Plan of India intend to develop the country’s industrially?
Correct : D. Through public, private, joint and Cooperative sectors
11. What is meant by ‘Take off stage‘ in an economy?
Correct : A. It means steady growth begins.
12. Who publish the Economy Survey of India?
Correct : A. Minister of Finance.
13. What percentage of population of India are engaged in primary sector?
Correct : C. 70%
14. What is the definition of sex ratio?
Correct : B. Number of women per 1000 men
15. Which age group is included to calculate Child Sex Ratio?
Correct : C. 0-6 years
16. According to the latest data released by the NITI Aayog in 2016; What is the Infant
Mortality Rate in India in 2016?
Correct : B. 34 per 1000 live births
17. Which of the following characteristics are most likely found in developing countries?
Correct : D. all of the above
18. Which of the following could not be considered a major economic system?
Correct : D. physical quality of life index.
19. Which of the following did Mahatma Gandhi, non-violent politician and leader of India’s
nationalist movement, not advocate?
Correct : C. centralized decision making.
20. Which of the following statement is not true about LDCs?
Correct : C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible.
21. Which of the following is not one of the Newly Industrialized Countries (NICs)?
Correct : A. Japan
22. Longevity is a proxy for ___________ in the Human Development Index
Correct : A. health and nutrition.
23. The Human Development Index (HDI) summarizes a great deal of social performance in
a single composite index, combining
Correct : A. disparity reduction rate, human resource development rate and the composite index.
24. Infant mortality
Correct : A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births.
25. Which of the following is not a problem in comparing developed and developing countries’ GNP?
Correct : A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
26. The bourgeoisie refers to
Correct : C. the capitalist and middle class.
27. ASEAN refers to the
Correct : B. Association of South East Asian Nations.
28. A dual economy is distinguished from other economies by having
Correct : B. a traditional agricultural sector and a modern industrial sector.
29. Increases in real GNP per capita occur when
Correct : C. the rate of growth of real GNP is greater than the rate of growth of population.
30. What is gross domestic product (GDP)?
Correct : C. income earned within a country’s boundaries.
31. Increases in real GNP per capita occur when
Correct : C. the rate of growth in real GNP is greater than the rate of growth in the population.
32. Which of the following is not a requirement for economic development?
Correct : A. a temperate climate.
33. The informal sector includes
I artisans, cottage industrialists, petty traders, tea shop proprietors.
II garbage pickers, jitneys, unauthorized taxis, repair persons.
III the self-employed.
IV activities with little capital, skill, and entry barriers.
Correct : D. I, II, III and IV
34. One criticism of Rostow's theory of economic growth is that
Correct : D. all of the above are correct.
35. Criticisms of Rostow's stages of development include
Correct : D. all of the above are correct.
36. Rostow's economic stages are
Correct : B. the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption.
37. For Rosenstein-Rodan a major indivisibility is in
Correct : B. infrastructure.
38. A major dependency theorist, Andre Gunder Frank suggests that the following economic activities have contributed to underdevelopment:
I Workers migrating from villages to foreign-dominated urban complexes.
II Forming an unskilled labor force to work in factories and mines and on plantations.
III Replacing indigenous enterprises with technologically more advanced, global, subsidiary companies.
IV Closing the economy to trade with, and investment from, developed countries.
Correct : C. I, II and III only.
39. Industrialization
Correct : B. is positively related to development.
40. Frank (1967) made the claim that 'underdeveloped' societies were:
Correct : C. economically dependent on the wealthy countries that exploited them
41. Which of the following is not a feature of globalization?
Correct : B. the extended power of nation states
42. The capitalist world economy is what Wallerstein (1974) would call a 'world system'. This term refers to:
Correct : D. a unit with a division of labour that extends across ethnic and cultural groups
43. The use of 'indentured labour' in the nineteenth century involved:
Correct : A. people being transported to the British colonies and forced to work for one employer under poor conditions
44. War became possible between nation states in the nineteenth century because:
Correct : D. all of the above
45. Economic aid has largely failed to promote modernization in the developing countries because:
Correct : C. debt repayments with interest can be greater than the amount of money received
46. The term 'over-urbanization' means that:
Correct : B. in poorer countries, the rapidly developing cities drain resources from the rural areas
47. Which of the following is not a consequence of global tourism?
Correct : A. decreased rates of prostitution and sex tourism
48. Environmentalist social movements are global in the sense that:
Correct : D. all of the above
49. Which of the following is an example of development in a country?
Correct : D. the extension of the electricity grid into previously unconnected rural areas
50. The Gross Domestic Product is:
Correct : B. the total value of goods and services produced by a country in a year
51. The country with the highest GNI (PPP) per capita in 2006–07 was:
Correct : A. Luxembourg
52. Which of the following is not part of the Human Development Index?
Correct : A. infant mortality
53. According to the Human Development Report 2009, the country with the highest human development (in 2007) was:
Correct : B. Norway
54. Which world region has the lowest levels of human development?
Correct : B. Africa
55. The concept of least developed countries was first identified by the United Nations in:
Correct : B. 1968
56. How many countries were identified as LDCs by The Least Developed Countries Report 2009?
Correct : D. 49
57. Most of the world’s LDCs are located in:
Correct : A. Sub-Saharan Africa
58. One of the first countries to be classed as a newly industrialised country was:
Correct : C. South Korea
59. An economy that grows very rapidly is often referred to as a:
Correct : D. tiger economy
60. The number of deaths of children under one year of age per 1000 live births is the:
Correct : B. infant mortality rate
61. The highest average rate of infant mortality is in:
Correct : D. Africa
62. TheGini coefficient is a technique frequently used to show:
Correct : B. income inequality
63. A graphical technique that can be used to show the degree of inequality that exists between two
variables is the:
Correct : A. Lorenz curve
64. The theory of cumulative causation is credited to:
Correct : D. Myrdal
65. The most highly populated region in Brazil is the:
Correct : B. South-east
66. The city with the highest population in Brazil is:
Correct : C. São Paulo
67. Which theory was popularised by Immanuel Wallerstein?
Correct : B. world system theory
68. How many Millennium Development Goals have been set to be achieved by 2015?
Correct : B. 8
69. Approximately how many people died of malaria worldwide in 2006?
Correct : D. 1 000 000
70. The number of people newly infected with HIV peaked in:
Correct : B. 1996
71. In 2005 the difference in the maternal mortality rate between the developed and developing
regions of the world was:
Correct : D. 9 : 450
72. Oxfam is an example of:
Correct : A. an NGO
73. Aid supplied by a donor country whereby the level of technology is properly suited to the conditions in the receiving country is known as:
Correct : C. appropriate technology
74. Foreign aid that has to be spent in the country providing the aid is called:
Correct : D. tied aid
75. Creating a World without Poverty was written by:
Correct : A. Muhammad Yunus
76. The capital of Mauritania is:
Correct : B. Nouakchott
77. Mauritania has a population of approximately:
Correct : A. 2.4 million
78. Mauritania’s main export is:
Correct : B. iron ore
79. Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
Correct : B. Only I, II, & III
80. Who releases the Human Development Report?
Correct : C. United Nations
81. Who secured the top rank in The Human Development Report 2018?
Correct : B. Norway
82. Who secured the lowest rank in The Human Development Report 2018?
Correct : C. Niger
83. What is the rank of India in the Human Development Index 2018?
Correct : D. 130th
84. When was the Gender Inequality Index (GII) introduced?
Correct : A. 2010
85. Who invented the Human development Index?
Correct : B. Mahbub –ulHaq
86. Who releases the Multidimensional Poverty Index (MPI)?
Correct : C. UNDP
87. Which of the following index is not released by the UNDP?
Correct : D. Environmental Quality Index
88. Which statement depicts the best definition of sustainable development?
Correct : C. Present generation fulfills its needs while considers the needs of the future generation as well.
89. General Agreement on Tariffs and Trade (GATT) went into effect?
Correct : B. 1948
90. GATT was originally signed by how many countries including the USA?
Correct : C. 23
91. Name the agreement which was signed by the United States. Canada and Mexico towards removing trade barriers?
Correct : C. NAFTA
92. When was GATT replaced with WTO?
Correct : C. 1995
93. When did World Trade Organisation come into effect?
Correct : B. January 1, 1995
94. By the backing of how many founder members was WTO established?
Correct : C. 85
95. WTO comes as the third economic pillar of world-wide dimensions along with the World Bank and ___________?
Correct : A. International Monetary Funds (IMF)
96. Which of the following is the main objective behind the establishment of WTO?
Correct : D. All of them
97. Which of the following is the headquarters of World Trade Organisation (WTO)?
Correct : C. Geneva
98. China became a member of world trade Organization in_________?
Correct : D. 2001
99. How many countries are the current members of WTO?