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CSS :: Economic Growth and Development


1.  Which of the following is generally regarded as the true index of economic growth?
A. An increase in national income at constant prices during a year B. A sustained increase in real per capita income
C. An increase in national income at current prices over time D. An increase in national income along with a corresponding incease in population

2.  The concept of economic growth is:
A. Identical with the concept of economic development B. Narrower than the concept of economic development
C. Wider as compared to that of economic development D. Unrelated to the concept of economic development

3.  Which of the following is not an indicator of economically underdeveloped countries?
A. Low per capita income B. High death-rate
C. Low proportion of labour force in the primary sector D. High level of illiteracy

4.  The rate of growth of an economy mainly depends upon:
A. The rate of growth of the labour force B. The proportion of national income saved and invested
C. The rate of technological improvements D. All of the above

5.  Among the following determinants of growth, which is a non-economic factor?
A. Natural resources B. Population growth
C. Favourable legislation D. Capital accumulation

6.  Besides increase in output, economic development is concerned with:
A. Inputs and their efficiency B. Equitable distribution of income
C. Life sustenance, self-esteem and freedom from want, ignorance and squalor D. All of the above

7.  The stationary state as envisaged by Adam Smith, is marked by:
A. Low rate of profit B. Subsistence level wages
C. High rents D. All of the above

8.  Which of the following is inconsistent with Adam Smith's theory of development?
A. Development process is cumulative in nature B. There is no limit to the growth process
C. Capital accumulation and market extension are two prerequisites for output expansion D. There should be no government interference in the working of the economy

9.  The division of labour, according to Adam Smith, is limited by:
A. The extent of the market B. The quantity of capital available
C. Both (a) and (b) D. The size of labour force

10.  Among the various determinants of the growth of national wealth Adam Smith accorded central place to:
A. Division of labour B. Capital
C. Natural resources D. Technology




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