Growth and Development MCQs and Notes

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📊 Growth and Development
Q. Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is
  • (A) the tragedy of commons.
  • (B) sustainable development.
  • (C) net primary productivity (npp).
  • (D) the impossibility theorem.
💬 Discuss
✅ Correct Answer: (B) sustainable development.
📊 Growth and Development
Q. The Lorenz curve shows
  • (A) patterns of poverty between developed and developing countries.
  • (B) the change in gdp per capita over time.
  • (C) the poorest’s income shares fall in the early stages of growth.
  • (D) income concentration relative to a 45-degree line.
💬 Discuss
✅ Correct Answer: (D) income concentration relative to a 45-degree line.
📊 Growth and Development
Q. A value of 1 in Gini index represents
  • (A) low inequality.
  • (B) maximum inequality.
  • (C) 100% inequality.
  • (D) 1% inequality.
💬 Discuss
✅ Correct Answer: (B) maximum inequality.
📊 Growth and Development
Q. Rostow’s economic stages are
  • (A) the preconditions for take-off, the take-off, the drive to maturity, and the age of creative destruction.
  • (B) the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass consumption.
  • (C) the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption.
  • (D) the learning curve, the age of high mass consumption, post-take-off, and the drive to maturity.
💬 Discuss
✅ Correct Answer: (B) the traditional society, the preconditions for take-off, the take-off, the drive to maturity, and the age of high mass consumption.
📊 Growth and Development
Q. The Harrod-Domar growth model suggests that growth is
  • (A) directly related to savings and inversely related to the capital/output ratio.
  • (B) directly related to the capital/output ratio and inversely related to savings.
  • (C) indirectly related to savings and the capital/output ratio.
  • (D) directly related to savings and the capital/output ratio
💬 Discuss
✅ Correct Answer: (D) directly related to savings and the capital/output ratio
📊 Growth and Development
Q. As economic development proceeds, income inequality tends to follow a(n) __________ curve
  • (A) convex.
  • (B) inverted u-shaped.
  • (C) l-shaped.
  • (D) s-shaped.
💬 Discuss
✅ Correct Answer: (B) inverted u-shaped.
📊 Growth and Development
Q. The Human Development Index (HDI) summarizes a great deal of social performance in asingle composite index, combining
  • (A) disparity reduction rate, human resource development rate and the composite index.
  • (B) longevity, education and living standard.
  • (C) minimum schooling, adult literacy and tertiary educational attainment.
  • (D) human resource training, development and r&d.
💬 Discuss
✅ Correct Answer: (A) disparity reduction rate, human resource development rate and the composite index.
📊 Growth and Development
Q. The Physical Quality of Life Index (PQLI) combines three indicators. They are
  • (A) infant mortality, life expectancy and adult literacy rate.
  • (B) crime rate, clean environment and quality of housing.
  • (C) air pollution rate, water pollution rate and sanitation.
  • (D) health, education and environment.
💬 Discuss
✅ Correct Answer: (C) air pollution rate, water pollution rate and sanitation.
📊 Growth and 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: (D) sustainable increases in gross national product.

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