Deck 2: Economic Development and Poverty Measurement Models

Question 1

Scarcity of capital, technological backwardness and unemployment are generally found in

A)developed countries
B)underdeveloped countries
C)both A and B
D)none of the above

Answer 1

underdeveloped countries

Question 2

Which of the following denotes an underdeveloped economy?

A)high level of inequalities
B)low level of capital productivity
C)a relatively closed economy
D)all the above

Answer 2

all the above

Question 3

The concept of PQLI was developed by

A)morris d morris
B)uno
C)undp
D)oxford poverty and human development initiative

Answer 3

morris d morris

Question 4

The parameter/s of the PQLI is/are

A)life expectancy index
B)standard of living index
C)infant mortality rate
D)a and c

Question 5

The concept of HDI was popularized by

A)morris d morris
B)adam smith
C)keynes
D)mahbub ul haq

Question 6

The component/s of HDI is/are

A)life expectancy index
B)infant mortality rate
C)population growth rate
D)all the above

Question 7

The Multidimensional Poverty Index has been developed by

A)the undp
B)oxford hdi
C)the uno
D)morris d morris

Question 8

Which of following is not a component of Multidimensional Poverty Index?

A)health
B)education
C)occupation
D)standard of living

Question 9

Which of the following is not an indicator to measure Multidimensional Poverty Index?

A)electricity
B)nutrition
C)cooking fuel
D)profession

Question 10

Economic growth in India will happen necessarily if there is

A)population growth
B)capital formation
C)technical progress in the global economy
D)all the above

Question 11

A multi-dimensional measure of poverty include includes which of the following elements?

A)health level
B)education level
C)living standards
D)all of these answer

Question 12

Which of the following is a goal of economic development?

A)economic growth
B)reduction of poverty
C)improvement of human development (education, health, etc).
D)all of these answers

Question 13

For Rostow, which of the following constitute pre-conditions for take-off?

A)investment rate of at least 5% of gnp
B)universal primary education
C)development of one or more manufacturing sectors with a high growth rate
D)both a and b

Question 14

The Harrod-Domar growth model is based on the relationship of what two economic elements?

A)raw materials and technology
B)savings and investment
C)educational enrolment and number of teachers
D)tariff and tax levels

Question 15

Rate of growth of an economy is measured in terms of:

A)per capita income
B)industrial development
C)number of people who have been lifted above the poverty line
D)national income

Question 16

Sen's welfare theory relies on

A)individuals' accomplishments.
B)individuals' capabilities.
C)individuals' wealth.
D)individuals' education.

Question 17

How does Sen define poverty?

A)the lack of material well-being
B)the deprivation of basic capabilities for an individual
C)the lack of supportive social institutions to ensure one's basic livelihood
D)the lack of a cultural or religious identity

Question 18

Harrod's definition of rate of growth of an economy do not include

A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Question 19

The rate of growth of output which is required to fully employ the entire growing labour force is the

A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Question 20

The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------

A)warranted (required) rate of growth
B)actual rate of growth
C)sustainable rate of growth
D)natural rate of growth

Question 21

Harrod explained the peaks and troughs of the business cycles through the use of

A)warranted (required) rate of growth of output
B)actual rate of growth of output
C)sustainable rate of growth of output
D)natural rate of growth of output

Question 22

Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.

A)warranted (required) rate of growth of output
B)actual rate of growth of output
C)sustainable rate of growth of output
D)natural rate of growth of output