This quiz works best with JavaScript enabled. Home > Economics > Development Economics > Development Economics – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Development Economics Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. According to Lewis' Theory of Development, additional workers can be withdrawn from the agricultural sector only at: A) A lower cost of lost food production because the declining labor-to-land ratio means that the marginal product of rural labor is no longer zero. B) A higher cost of lost food production because the declining labor-to-land ratio means that the marginal product of rural labor is no longer zero. C) A lower cost of lost food production because the increasing labor-to-land ratio means that the marginal product of rural labor is no longer zero. D) A higher cost of lost food production because the increasing labor-to-land ratio means that the marginal product of rural labor is no longer zero. Show Answer Correct Answer: B) A higher cost of lost food production because the declining labor-to-land ratio means that the marginal product of rural labor is no longer zero. 2. Which document provides detailed information to enable tendering for contracts? A) Architects working drawings. B) Schedule. C) Bill of quantities. D) Conditions of contract. Show Answer Correct Answer: C) Bill of quantities. 3. All of the following are examples of why large cities are so accessible EXCEPT ..... A) Transportation systems. B) Highways. C) Technology. D) Industry. Show Answer Correct Answer: D) Industry. 4. In a Solow Growth Model with no population growth and no technological change, consumption per worker will be maximized in the steady state when A) Output per worker is maximized. B) Investment per worker is maximized. C) The marginal product of capital per worker is equal to thedepreciation rate. D) The marginal product of labor is equal to the depreciation rate. Show Answer Correct Answer: C) The marginal product of capital per worker is equal to thedepreciation rate. 5. What is the primary focus of PRADAN? A) Promoting education in rural areas. B) Providing healthcare services to marginalized communities. C) Alleviating poverty in Indian rural areas, with a special focus on women. D) Advocating for environmental conservation in rural regions. Show Answer Correct Answer: C) Alleviating poverty in Indian rural areas, with a special focus on women. 6. Harrod-Domar model of growth is based on the concepts of and their equality A) Population and productivity growth. B) Investment and average growth rate of income. C) Actual, warranted and natural growth rate. D) Productivity growth and investment growth. Show Answer Correct Answer: C) Actual, warranted and natural growth rate. 7. Who created Human Development Index? A) Mahabub ul Haq. B) Amartya Sen. C) Abhijit Banerjee. D) Joseph Stigliz. E) Pranab Bardhan. Show Answer Correct Answer: A) Mahabub ul Haq. 8. The process by which the population of cities grow A) Counterurbanization. B) Ghetto. C) Urbanization. D) Slum. Show Answer Correct Answer: C) Urbanization. 9. According to the classic bid-rent curve, what happens to the value of land as one gets closer to the Central Business District (CBD)? A) Land gets used more extensively. B) Land gets more expensive. C) Land gets used less intensively. D) Land gets more affordable along busy streets. Show Answer Correct Answer: B) Land gets more expensive. 10. In the Solow growth model, the demand for goods equals investment: A) Minus depreciation. B) Plus saving. C) Plus consumption. D) Plus depreciation. Show Answer Correct Answer: C) Plus consumption. 11. Per capita income of Kerala is higher than that of A) (a) Bihar. B) (b) Punjab. C) C) Gujarat. D) (d) none of these. Show Answer Correct Answer: A) (a) Bihar. 12. Which growth model inspired the use of capital-output ratio for development planning? A) The Harrod-Domar model. B) Solow's model. C) Kaldor's model. D) Feldman's model. Show Answer Correct Answer: A) The Harrod-Domar model. 13. Harrod-Domar model of economic growth is based on the equilibrium between A) Income generation and productive capacity creation. B) Equilibrium between income and consumption. C) Equilibrium between savings and investment. D) Equilibrium between consumption and investment. Show Answer Correct Answer: C) Equilibrium between savings and investment. 14. How may growth acc to harrod A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: C) 3. 15. In de Mel et al. (2013) the effect of formalization is: A) Statistically significant for profits, sales and capital stock. B) Statistically significant only for sales and profits. C) Statistically significant only for profits. D) Statistically significant only for sales. Show Answer Correct Answer: C) Statistically significant only for profits. 16. According to estimation results, variations in seasonal precipitation significantly affect RGDP growth rates. A) False. B) True. Show Answer Correct Answer: B) True. 17. How do NGOs contribute to infrastructure development in India? A) By providing small loans and savings accounts. B) By organizing public forums and engagement. C) By constructing roads, bridges, and irrigation systems. D) By promoting sustainable agricultural practice. Show Answer Correct Answer: C) By constructing roads, bridges, and irrigation systems. 18. Development goal for landless agricultural labour is A) High prices for crops. B) More days of work. C) Cheap labour. D) Pollution free environment. Show Answer Correct Answer: B) More days of work. 19. The per-capita income of different countries is counted in which currency? A) Rupees. B) Pounds. C) US Dollars. D) Canadian Dollars. Show Answer Correct Answer: C) US Dollars. 20. There are three broad categories of countries we have discussed in development. They are: A) Developing, Secondary, Developed. B) Developing, Emerging, Developed. C) Low Income, Emerging, 1st World. D) Third World, Growing, 1st World. Show Answer Correct Answer: B) Developing, Emerging, Developed. ← PreviousNext →Related QuizzesEconomics QuizzesDevelopment Economics Quiz 1Development Economics Quiz 2Development Economics Quiz 3Development Economics Quiz 4Development Economics Quiz 5Development Economics Quiz 6Development Economics Quiz 8Development Economics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books