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Special Education, Social Studies, Business
12th -
University
ECONOMIC GROWTH
20 questions
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- 1. Multiple ChoiceEconomic growth measures thea) Growth of productivityb) Increase in nominal incomec) Increase in outputd) None of the above
- 2. Multiple ChoiceWhich of the following explains the term economic growtha) Increase in per capita productionb) Increase in per capita real incomec) Structural change in the economyd) All of the above
- 3. Multiple ChoiceEconomic growth can be measured bya) The CPIb) The CBIc) GDPd) MPC
- 4. Multiple ChoiceWhen an economy produces more output per capital the economy is said to be havinga) Inflationb) Economic growthc) Economic planningd) Living standard
- 5. Multiple ChoiceWhich of following statement is true about the Economic Growtha) It refers to increase in Gross Domestic Product (GDP)b) It refers to the long and sustained rise in real Gross Domestic Product (GDP)c) It is characterized by fall in unemployment rated) Rise in GDP on monetary term
- 6. Multiple ChoiceWith economic growth, the proportion of labour-force engaged in agriculturea) Increasesb) Decreasesc) Remains unaffectedd) Changes in an uncertain manner
- 7. Multiple ChoiceThe capital-output ratio in a country during the different phases of growtha) Remains unchangedb) Fluctuates widelyc) Changes within narrow limitsd) Shows a secular declining trend
- 8. Multiple ChoiceAmong the following determinants of growth, which one is a non-economic factora) Natural resourcesb) Population growthc) Favourable legislationd) Capital accumulation
- 9. Multiple ChoiceThe rate of growth of an economy mainly depends uponThe rate of growth of the labour forceb)The proportion of national income saved and investedc) The rate of technological improvementsd) All of the above
- 10. Multiple ChoiceEconomic growth can be seen by an outward shift ofa) The Production Possibility Frontierb) The Gross Domestic Barrierc) The Marginal Consumption Frontierd) The Minimum Efficient Scale
- 11. Multiple ChoicePotential growth measuresa) The growth of the fastest economy in the worldb) The fastest growth an economy has ever achievedc) The present rate of growth of an economyd) The rate of growth that could be achieved if resources were fully employed
- 12. Multiple ChoiceTo boost economic growth the government is most likely toa) Increase interest ratesb) Increase taxation ratesc) Provide incentives to investd) Provide incentives to save
- 13. Multiple ChoiceIn a recession, GDPa) Grows negativelyb) Grows slowlyc) Grows by 0%d) Grows rapidly
- 14. Multiple ChoiceIn a booma) Unemployment is likely to fallb) Prices are likely to fallc) Demand is likely to falld) Imports are likely to fall
- 15. Multiple ChoiceEconomic growth in India will happen necessarily if there isa) Population growthb) Capital formationc) Technical progress in the global economyd) All the above
- 16. Multiple ChoiceThe concept of economic growth isa) Identical with the concept of economic developmentb) Narrower than the concept of economic developmentc) Wider as compared to that of economic developmentd) Unrelated to the concept of economic development
- 17. Multiple ChoiceWhich of the following is generally regarded as the true index of economic growtha) An increase in national income at constant prices during a yearb) A sustained increase in real per capita incomec) An increase in national income at current prices over timed) An increase in national income along with a corresponding increase in population
- 18. Multiple ChoiceSustainable economic growth depends upona) Investment, not savingb) Saving, not investmentc) Both saving and investmentd) Neither saving nor investment
- 19. Multiple ChoiceBalanced growth impliesa) Simultaneous development of a variety of activities, which support one anotherb) Equal allocation of resources to different sectorsc) Different sectors growing at their natural rates of growthd) Uniform rate of growth of output over time
- 20. Multiple ChoiceWhich of the following about strategy of balanced growth is righta) Simultaneous investment in all sectorsb) All sectors are independentc) Bothd) None
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