WorksheetsMSDMG542.MCQ Test 01.02.2023
Total questions: 50
Worksheet time: 54mins
What does matters in case of difference between GDP and GNP?
inflation
custom
tax
border
The theory which assumes that western civilisation is technically and morally superior to traditional societies is….
Marxist theory
Dependency theory
Stages of economic growth theory
Post development theory
Suppose that Nepal’s GDP in the current fiscal year is US$ 40 Billion. The economic growth is expected to be 8.8 percent in the next fiscal year. What will be the GDP figure in next fiscal year?
48.05 US$ Billion
40 US$ Billion
43.52 US$ Billion
42.52 US$ Billion
The ratio of the share of income by X% of the richest population to the income shared by y% of the poorest(Generally 20% of richest to 40% of the poorest) is;
Gini Coefficient
Kuznets coefficient
Pareto Coefficient
None of above
According the living standard survey of Nepal (NLSS, 2010/11), the richest 20% of population of Nepal shares ..........….percentage of income.
20.1%
46.2%
56.39%
80%
The agencies for promoting equity are...............
State
market
INGO/NGO/CSOs
All the given options
Suppose that among the 77 districts of Nepal, the life expectancy of Kathmandu is 75 years which is maximum, and 40 is the minimum of Mugu district. If the life expectancy of Kaski is 72. Then what will be the value of heath index of Kathmandu
0.94
0.74
0.64
1
Real GDP is ............
inflation adjusted national income
nominal national income
both A and B
None of above
It is said to be an economy is expanding if ..................
(A) The upward shift of the production possibility frontier
(B) Downward shift of the production possibility frontier
(C) Both A and B
(D) None of A and B
The upward shift of the production possibility frontier
Downward shift of the production possibility frontier
Both A and B(given in the question)
None of A and B (given in the question)
The government reports GDP figure generally............
Annually
Quarterly
Biannually
Annually
and Quarterly
The economists use .................. as an indicator of economic growth.
GDP
GNP
Both GDP and GNP
None of GDP and GNP
In economic literature GDP is abbreviation of ……
Gross Dangerous Product
Gross Decline product
Gross Disposable Product
Gross Domestic Product
Which Indicator of national income gives real trend of national economy?
GDP
GNP
GDI
None of all options
Which Indicator of national income gives real trend of national economy?
GDP
GNP
GDI
None of all options
Development economists suggest that idea of economic development conceptually differs with economic growth by its definition is..............
Economic development is economic growth + technological growth
Economic development is economic growth + cultural development
Economic development is economic growth + standard of living
Economic development is economic growth + strategic arms’ growth
Development Economists say that economic development is considered as a multidimensional phenomenon, whereas economic growth is considered as....
4 dimensional
3 dimensional
2 dimensional
1 dimensional
Economic growth is considered as a short term phenomena while economic development is considered as
Long term phenomena
Medium term phenomena
Short term phenomena
All of given options
Economic growth theories are of types;
Export-led growth
Consumption-led growth
Infrastructure development-led growth
All of given options
Economic growth is related to developed countries where as economic development is related to;
Developing countries
OECD countries
Underdeveloped countries
Underdeveloped countries &
Developing countries
The effect of economic growth brings a quantitative impact on the economy such as increase in real GDP whereas economic development brings a …… impact on an economy.
Qualitative
Quantitative
Both qualitative and quantitative
None of qualitative and quantitative
Process tenor of the economic growth is either quarterly or yearly whereas the process tenor of economic development is;
Quarterly
Half yearly
Yearly
Continuous process
“There is a trade-off between economic growth and the tax rate.” What does the statement means?(Recall your memory the graph I drew in the class on the lecture slides)
A) If we want to achieve high economic growth rate we need increase tax rate
B) If we want to achieve high economic growth rate we need decrease tax rate
C) Both A and B
D) None of above
If we want to achieve high economic growth rate we need increase tax rate
If we want to achieve high economic growth rate we need decrease tax rate
Both A and B options
None of A and B options
Nepal has been adopting the export led growth strategy based on;
Comparative advantages theory
Interest rate theory
Exchange rate theory
Absolute advantages theory
The objective of development is to escape the underdeveloped economies from;
Vicious circle of poverty
Circular causation
Low level equilibrium trap
All the given options
What are the vicious circles of poverty we discussed in the unit 2 of our course?
Supply side vicious circle of poverty
Demand side vicious circle of poverty
Demand side vicious circle of poverty
All the given options
Low Income → Low Demand →Low Investment → Low Productivity → Low Income is a vicious circle of poverty of ….
Supply side vicious circle of poverty
Vicious Circle of Market Imperfections
Demand side vicious circle of poverty
None of given options
The third stage of W. W. Rostow’s economic growth model is;
Pre-Take Off
Take Off
Drive to maturity
Stage of High mass consumption
The last stage of W. W. Rostow’s economic growth model is;
Drive to maturity
Stage of high mass consumption
Traditional society
Pre-take off
Which theory of development is often criticized as fad/carnival by development scholar?
People Centred Development
Modernization Theory
Dependency Theory
Post Development Theory
The annual development report of UNDP is called
World Development Report
Asian Development Outlook
World Development Outlook
Human Development Report
WW Rostow's ‘Stages of Economic Growth’ theory is often known as a.....
Capitalist Manifesto
Election Manifesto
Communist manifesto
a non-communist Manifesto
What is the impact of economic growth?
Income grows
Jobs grow
Government revenue grows
All of given options
What is not a principles of equity?
Equal life chances
Equal concern for people’s needs
Meritocracy
Equal concern for people's greed
The agencies of economic distribution are….
Government
Market
Interest groups
government and market
Sustainable Development is defined as “the capacity to meet the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable Development must balance the needs of society, the economy, and the environment” by which commission?
Human Rights commission
Commission of Latin America
The Brundtland Commission
Commission of Africa
The sustainable development considers the following aspect
All the given options
The Environment
The need of economy
The need of society
Somewhere in the course, we studied that C+S+G+(X-M) = GDP, where C= consumption, S= Saving, G=Government spending. Now, X-M stands for net export which is ……
Zero-Minimum
Export-Import
Import-Export
None of given options
There are three dimensions of human development index. The first is a long and healthy life, the second is the access to knowledge, and the last one is
Social Inclusion
Gender equality
A decent standard of living
Environment sustainability
HDI is …… mean of normalize indices of the three dimensions of human development index
Arithmetic mean
Geometric mean
Algebraic mean
exponential mean
The development theory propounded by Andre Gunder Frank is known as;
Dependency theory
Modernization theory
Classical development theory
People centred development theory
Which development theory rejects the notion of “Wealth confers legitimate power over other people?”
Dependency theory
Modernization theory
People centred development theory
Post Development theory
Nepali scholar Nanda Ram Shrestha is one of the famous figure in development theory. His theory belongs to…. School of development theory.
Classical development theory
Functional development theory
Dependency theory
Post development theory
The agencies for promoting equity are;
State
Market
NGO/INGOS/Donors
All of given options
What is the Decile data table of income distribution?
The population is grouped in 10 categories from bottom (poorest) to top (richest) having 10 percent of population in each group.
The population is grouped in 5 categories from bottom (poorest) to top (richest) having 20 percent of population in each group.
The population is grouped in 20 categories from bottom (poorest) to top (richest) having 5 percent of population in each group
None of given options
What is not a factor, as we discussed in class, which limits the economic growth?
Poor health and low levels of education of people
Lack of necessary infrastructure such road, rail, ports etc.
Capital flight
internet
How many principles of equity we discuss in class?
One
Two
Three
Four
Economic growth means more jobs creation and more money at disposal for ordinary people. What does it mean for the government?
Less tax revenue
More tax revenue
Required more police
Bigger Army
Idea of sustainable development does not consider the following aspect
The need of society
The need of economy
The Environment
The philosophy
Bringing on broad woman, marginalized and backward section of society through affirmative actions such as reservation is based on ..........
Equality considerarion
Equity considerartion
Fairness considerarion
equilibrium considerarion
Public Service Commission gives an equal chance to all the candidates for the government service exam. Which is the principle of equity it is based on?
Equal life chances
Equal concern for people’s needs
Meritocracy
None of given options
