Economics/Economic Development and Planning Sample Test,Sample questions

Question:
  Economic planning in Pakistan started:

1.During 1950 s

2.During 1960 s

3.During 1970 s

4.During 1980 s


Question:
  In Pakistan poverty is measured by:

1. Per capita income, calorie intake

2.Percentage of rural population

3.Difference of incomes in rural and urban areas

4.Difference between GDP and GNP


Question:
  It is a good measure of economic development:

1.Rate of population growth

2.Rate of increase in exports and imports

3.Rate of increase in money incomes

4.Rate of change in real incomes


Question:
  It is a measure of economic development:

1.Increase in national and per capita income

2.Increase in working population

3.Increase in exports and imports

4.(a) and (c) of above


Question:
  Measurement of economic development is based on:

1.Monetary income

2.Real income

3.Future income

4. Permanent income


Question:
  Pakistan  income is low because:

1.Fast growing population

2.Lack of natural resources

3.Low saving rate

4.(a) and (c) of above


Question:
  When a country develops:

1.Per capita income rises

2.Specialization increase

3.Urbanization rises

4.All of the above


Question:
  When economic development takes place:

1.Exports increase

2.Imports increase

3.Capital stock increases

4.All of the above


Question:
  When economic development takes place:

1.Specialization increases

2.Commercialization decreases

3.Market imperfections increase

4.None of the above


Question:
 Contribution of agriculture in Pakistan s national income is:

1.21%

2.31%

3.41%

4.51%


Question:
 Contribution of industrial sector in Pakistan economy is:

1.29%

2.19%

3.9%

4.undetermined


Question:
 In a developing country:

1.Birth rate is high

2.Death rate is high

3.Infant mortality rate is high

4.All of the above are true


Question:
 Investment rate in Pakistan is around:

1.8%

2.18%

3.28%

4.38%


Question:
 It is a characteristic of developing economy:

1.High productivity of capital

2.High productivity of labour

3.High surplus in in balance of payments

4.None of the above


Question:
 It is acting as obstacle to economic development of Pakistan:

1.Lack of capital

2.Fast population growth

3. Market imperfections

4.All of the above


Question:
 It is acting as obstacle to economic:

1.Shortage of money

2.Urbanisation

3.Poliitical instability

4. Shortage of labour


Question:
 Medium-term plan covers:

1.Less than 2 years

2.3 to 5 years

3.5 to 10 years

4.10 to 15 years


Question:
 Most of our exports consist of:

1.Cotton products

2.Machinery

3.Sports goods

4.Both (a) and (b)


Question:
 Pakistan faces shortage of energy because:

1.Our population is large

2.Pakistan lacks resources to produce energy

3.Lack of proper planning

4.None of the above


Question:
 Pakistan is an economy:

1.Developing

2.Developed

3.Fast growing economy

4.(a) and (c) of above


Question:
 Pakistan needs:

1.Economic planning

2.Population planning

3.Educational planning

4.All of the above


Question:
 Pakistan started its first five-year plan in:

1.1947

2.1950

3.1955

4.1960


Question:
 Pakistan started its planning experience with:

1.London Plan

2.Karachi Paln

3.Colombo Plan

4.Tokyo Plan


Question:
 Rate of economic development in Pakistan will increase if

1. Saving rate increases

2.Money supply increases

3.Imports increase

4.All of the above


Question:
 Select the combination which is most likely to be found in developing countries:

1.Low birth rate and high gross domestic product

2.Low death rate and high gross domestic product

3.High birth rate and low GDP per head

4.Low infant mortality rate and high gross domestic product


Question:
 Size of Pakistan s 8th plan was in rupees:

1.700 billion

2.1700 billion

3.2700 billion

4.3700 billion


Question:
 When economic development takes place:

1.Share of services in GDP increases

2.Share of agriculture in GDP increases

3.Share of industry in GDP increases

4.(a) and (c) of above


Question:
 Which is likely to be higher in a developing country like Pakistan:

1.Birth rate

2.GDP per head

3.Life expectancy

4.Net investment per head


Question:
Economic development is measured on the basis of:

1.Increase in nominal GNP

2.Increase in real GNP

3. Increase in personal incomes

4. Increase in government revenue


Question:
Economic development:

1.Is the same as economic growth

2.Means improvement in lifestyle

3.Exists when there is equal distribution of income

4.All of the above


Question:
Economic planning does not need:

1.Change of government

2. Determination of objection

3. Estimation of resources

4.Fixation of plan period


Question:
Economic planning in Pakistan is conducted by:

1.Pakistan Planning Council

2.Pakistan Planning Board

3.Pakistan Planning

4.Commission


Question:
It is acting as obstacle to economic development of Pakistan:

1.Lack of capital

2.Urbanisation

3.Specialization

4.Shortage of labour


Question:
It is not a factor of economic development:

1.Money

2.Land

3.Capital

4.Technology


Question:
Pakistan is underdeveloped because of:

1.Lack of minerals, poor technology

2. Limited area and high mobility of labour

3.Lack of education and political government

4.Poor governance and corruption


Question:
Pakistan produces of its oil requirements:

1.20%

2.30%

3.40%

4.50%


Question:
Rate of economic development will fall if:

1.Exports increase

2.Government enterprises are privatized

3.Smaller % of national income is invested

4.Banks increase loans


Question:
The highest govt. body for economic planning in Pakistan is:

1.Planning Council

2.Planning Board

3.Planning Commission

4.Planning Department


Question:
The largest sector of Pakistan economy is:

1.Transport

2.Agriculture

3.Industry

4.Trade


Question:
The most important factor in economic development is:

1. Quality of human resources

2.Quality of natural resources

3.Quality of governance

4. Quality of banking system


Question:
There are obstacles to rapid economic development of Pakistan:

1.Social

2.Political

3.Cultural

4.All of the above


Question:
We can increase rate of economic growth in Pakistan if we increase:

1.Taxes

2.Imports

3.Investment

4.Population


Question:
We cannot find per capita income of the country unless we know:

1.Total money supply

2.Total GNP

3.Total budget of the country

4.Total exports


Question:
When an economy produces more output per capital the economy is said to be having:

1.Inflation

2.Economic growth

3.Economic planning

4.Living standard


Question:
When economic development takes place:

1.Market imperfections increase

2.Population increases

3.Capital stock increases

4.(b) and (c) of the above


Question:
Which of the following is NOT a characteristic of underdeveloped countries:

1. Low per capita income

2. Low growth rate of GDP

3.Low educational levels

4. Low population growth rate


More MCQS

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  2. Class 10th Economics
  3. Economics Development
  4. Social Economics -Development
  5. Sectors of Indian Economy
  6. Indian Economy for Competitive Examinations
  7. Economics Bank System MCQS
  8. Economics National Income MCQS Set-1
  9. Economics National Income MCQS Set-2
  10. Economic Growth and Development
  11. Economics Money Banking and International Trade
  12. Economics Nature and Scope of Economics
  13. Economics Production and Production Function
  14. Economic Development and Planning
  15. Economics Balance of Payments
  16. Economics Central Bank
  17. Economics Equilibrium Of National Income
  18. Economics International Economic Organisations
  19. Economics Business and Finance
  20. Economics Economics and Commercial Geography
  21. Economics International Economic Organisations set-2
  22. Economics Money and Value of Money
  23. Economics Demand and Supply Set-1
  24. Economics Economy of Pakistan
  25. Economics Public Finance
  26. Economics Scale Of Production and Laws of Returns
  27. Economics Transport Communication and Human Resources
  28. Economics Wages Rent Interest and Profit
  29. Economics Demand and Supply Set-2
  30. Economics Great Economists and Their Work Set-1
  31. Economics Great Economists and Their Work Set-2
  32. Economics Market and Revenue Curves
  33. Economics Market Equilibrium
  34. Economics National Income Accounting Set-1
  35. Economics World Economy
  36. Economics National Income Accounting Set-2
  37. MCQ Indian Economy Set 5
  38. MCQ Indian Economy Set 1
  39. MCQ Indian Economy Set 2
  40. MCQ Indian Economy Set 3
  41. MCQ Indian Economy Set 4
  42. Indian Economy MCQs Part 1
  43. Indian Economy MCQs Part 2
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