#1
Which of the following is not a characteristic of economic development?
Increase in GDP per capita
Improvement in living standards
Decrease in unemployment rate
Rise in income inequality
#2
What is the primary goal of industrialization in economic development?
To decrease productivity
To increase dependency on imports
To diversify the economy
To reduce technological advancement
#3
Which of the following is a characteristic of a command economy?
Decentralized decision-making
Private ownership of resources
Centralized planning by the government
Free market competition
#4
Which of the following is not a characteristic of sustainable development?
Environmental conservation
Social equity
Economic growth at any cost
Inter-generational equity
#5
Which of the following is a characteristic of a market economy?
Centralized planning by the government
Private ownership of resources
Equal distribution of income
Limited consumer choice
#6
Which economic development strategy focuses on increasing exports and reducing imports?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#7
What is the primary goal of sustainable development?
Maximizing economic growth
Preserving environmental resources
Promoting social inequality
Exploiting natural resources
#8
Which economist introduced the concept of 'Human Development Index' (HDI)?
Adam Smith
John Maynard Keynes
Amartya Sen
Milton Friedman
#9
Which of the following is an example of a fiscal policy tool?
Interest rates
Money supply
Government spending
Exchange rates
#10
What is the 'Tragedy of the Commons' in the context of economic development?
Overexploitation of common resources
Efficient allocation of resources
Effective privatization of resources
Underutilization of resources
#11
Which economic development strategy focuses on attracting foreign companies to invest in domestic industries?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#12
Which economic development strategy emphasizes the creation of new businesses and industries?
Import substitution
Export-led growth
Entrepreneurial development
Foreign direct investment
#13
What is the term for the total value of goods and services produced within a country's borders in a specific time period?
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net Exports (NX)
Consumer Price Index (CPI)
#14
Which organization provides loans and grants to developing countries for development projects?
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
Organization for Economic Cooperation and Development (OECD)
#15
Which economic development strategy focuses on reducing reliance on foreign goods by producing them domestically?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#16
What is the term for the total value of all goods and services produced by a country's residents, regardless of where production occurs?
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net Exports (NX)
National Income (NI)
#17
Which economic development strategy involves selling state-owned enterprises to private investors?
Import substitution
Export-led growth
Privatization
Foreign direct investment
#18
Which economic development strategy aims to boost economic growth through investments in technology and innovation?
Import substitution
Export-led growth
Technological advancement
Foreign direct investment
#19
What is the term for a situation where the economy is growing but unemployment is also rising?
Stagflation
Hyperinflation
Deflation
Recession
#20
Which organization focuses on promoting international trade and resolving trade disputes among member countries?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
Organization for Economic Cooperation and Development (OECD)
#21
Which of the following is a characteristic of a mixed economy?
Government owns all means of production
Private sector controls all economic activities
Market forces determine all prices
Government and private sector both play a role in economic activities
#22
Which of the following is not a component of the 'Human Development Index' (HDI)?
Life expectancy
Gross national income per capita
Education index
Unemployment rate
#23
Which of the following is not a factor affecting economic development?
Political stability
Access to natural resources
Population density
Cultural values
#24
Which of the following is not a component of the 'Business Cycle'?
Expansion
Recession
Trough
Stagnation
#25
Which of the following is not a factor contributing to income inequality?
Education level
Taxation policies
Access to healthcare
Equal distribution of resources