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Unit 123

Authored by SWATI RAWAT

Social Studies

University

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Unit 123
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is essential for economic growth in developing countries?

Investment in human capital

Increasing inflation rates

Strict trade regulations

High population growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of technology in economic development?

Reducing unemployment rates

Lowering interest rates

Enhancing production processes

Increasing market monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common indicator of economic development?

Rising unemployment

High literacy rate

Inflated consumer prices

Decreasing foreign investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic policy is likely to stimulate economic growth?

High tariffs on imports

Restricting access to education

Government investment in research and development

Abolishing intellectual property rights

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector contributes the largest share to India's GDP?

Services sector
Manufacturing sector
Construction sector
Agriculture sector

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as human capital?

Machinery and equipment used in production

Land and natural resources

The skills, knowledge, and experience of workers

Financial assets like stocks and bonds

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic measure is used to compare the relative standard of living between countries?

Consumer Price Index (CPI)

Gross Domestic Product (GDP)

Purchasing Power Parity (PPP)

Producers Price Index (PPI)

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