Economics of Development MCQs and Notes

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📊 Economics of Development
Q. Economic development means__________.
  • (A) Economic growth.
  • (B) Economic growth plus structural and qualitative changes.
  • (C) Improvement in the living standard of the urban population.
  • (D) Sustainable increases in Gross National Product (GDP).
💬 Discuss
✅ Correct Answer: (B) Economic growth plus structural and qualitative changes.
📊 Economics of Development
Q. Economic development refers to __________.
  • (A) Economic growth.
  • (B) Economic growth plus changes in output distribution and economic structure.
  • (C) Improvement in the well-being of the urban population.
  • (D) Sustainable increases in Gross National Product.
💬 Discuss
✅ Correct Answer: (B) Economic growth plus changes in output distribution and economic structure.
📊 Economics of Development
Q. Development economics must have a scope wider than traditional economics because
  • (A) Values and attitudes play little role in the pace of development.
  • (B) People in developing societies do less utility-maximizing.
  • (C) Transformation of social institutions is necessary for development.
  • (D) All of the above.
💬 Discuss
✅ Correct Answer: (C) Transformation of social institutions is necessary for development.
📊 Economics of Development
Q. A good definition of the meaning of development is the __________.
  • (A) Elimination of absolute poverty.
  • (B) Improvement in the quality of life.
  • (C) Fulfillment of the potential of individuals.
  • (D) All of the above.
💬 Discuss
✅ Correct Answer: (D) All of the above.
📊 Economics of Development
Q. Development economics is the study of the
  • (A) Alleviation of absolute poverty.
  • (B) Transformation of institutions.
  • (C) Allocation of resources in developing countries.
  • (D) All of the above.
💬 Discuss
✅ Correct Answer: (D) All of the above.
📊 Economics of Development
Q. Economic growth can be seen by an outward shift of __________ .
  • (A) The Production Possibility Frontier
  • (B) The Gross Domestic Barrier
  • (C) The Marginal Consumption Frontier
  • (D) The Minimum Efficient Scale
💬 Discuss
✅ Correct Answer: (A) The Production Possibility Frontier
📊 Economics of Development
Q. 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
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Economics of Development
Q. Among the following determinants of growth, which is a non-economic factor?
  • (A) Natural resources
  • (B) Population growth
  • (C) Favourable legislation
  • (D) Capital accumulation
💬 Discuss
✅ Correct Answer: (C) Favourable legislation

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