Economic Development questions with answers

3,293 multiple-choice questions. Open any question for its answer and explanation.

Questions asked in State PSC and UPSC prelims, by topic. Each topic also has notes to read.

1. Which of the following statements are true with refrence to Economic Survey 2018-19? 1. The annual population growth rate is set to increase from 1.1% in 2011-21 to 1.5% in 2031-41. 2. The service sector (excluding construction) has a share of 54.3% to India's Gross Value Added (GVA) in 2018-19. 3. Share of employment of service sector is at 34%. 4. India accounts for 18% of the world's population but uses only 6% of world's primary energy.Asked in GPSC Prelims CSP 2 2019
2. Disguised unemployment generally means:Asked in HPPSC HPAS Prelims 2014
3. What was the unemployment rate during 2015-16 based on Usual Principal Status in India ?Asked in HPPSC HPAS Prelims 2016
4. वŸर्ष 2015-16 के दौरान भारत में सामान्य प्रमुख ǔèस्थिǓत (UPS) आधाǐरत बेरोजगारी दर क्या स्थिी ?Asked in HPPSC HPAS Prelims 2016
5. The marginal productivity of disguised unemployed workers is :Asked in HPPSC HPAS Prelims 2024
6. Labour force participation rate is defined as theAsked in JPSC CS Prelims 2024
7. What does it mean by Human Capital Formation ?Asked in OPSC CS Prelims 2017
8. According to Malthus's population theory, epidemics, natural calamities and war are known asAsked in PPSC CS Prelims 2018
9. ‘Usual Principal Status’, ‘Usual Subsidiary Status’ and ‘Usual Principal and Subsidiary Status’ approaches are used in the measurement ofAsked in PPSC CS Prelims 2021
10. Worker to Population Ratio (WPR) is defined asAsked in RPSC RAS Prelims 2024
11. The number of persons who remained unemployed for a major part of the year is calledAsked in UPPCS Prelims 2019
12. Which of the following statements is true regarding the trend of unemployment rate in India between July-September, 2019 and July- September, 2022? 1. It remained the same. 2. It declined. Select the correct answer from the codes given below:Asked in UPPCS Prelims 2024
13. Match list-I with list-II and select the correct answer using code given below the lists - List - I (Theories of Population) (A) Optimum Popu‐ (B) Social Mal-adjustlation Theory ment Theory (C) Demographic (D) Population-Food Sup‐ Transition Theory ply Relationship Theory List - II (Propounders of Theories) (1) Thompson (2) Malthus (3) Edwin Kennan (4) Henry George Code -Asked in UPPCS Prelims 2023
14. Consider the following statements : 1. Employment growth in India in the second half of the first decade of 21st century was relatively modest. 2. There was lower labour force participation rate across all ages during the period. Which of the statements given above is/are correct?Asked in UPSC CAPF 2013
15. What is the impact on the "Social overhead capital requirements" of an economy, if the population increases ?Asked in UPSC Combined Section Officer 2024
16. In India which one of the following collects and publishes the unemployment Index?Asked in UPPSC Upper Mains 2014
17. Which of the following is not correct about the concepts developed by NSSO for analysing the problem of unemployment in India?Asked in Paper I 4
18. Which of the following factors could potentially contribute to stagflation in the Indian economy? 1. High inflationary pressures due to increased Government spending 2. Decline in industrial production and sluggish economic growth 3. Decrease in aggregate demand and consumer spending 4. Appreciation of the domestic currency leading to reduction of export competitiveness Select the correct answer using the codes given below.Asked in BPSC Prelims Exam 69th
19. According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends toAsked in UPSC CDS 1 2018
20. Which one of the following is not an assumption in the law of demand?Asked in UPSC CDS 1 2019
21. Which one of the following statements is not correct?Asked in UPSC CDS 1 2019 · UPSC CAPF 2019
22. Consider the following statements about a joint-stock company : 1. It has a legal existence. 2. There is limited liability of shareholders. 3. It has a democratic management. 4. It has a collective ownership. Which of the statements given above are correct?Asked in UPSC CDS 1 2019
23. A market situation when many firms sell similar but not identical products is termed asAsked in UPSC CDS 1 2019
24. Suppose an agricultural labourer earns ₹400 per day in her village. She gets a job to work as babysitter in a nearby town @ ₹700 per day. She chose to work as agricultural labourer. Which one of the following is the opportunity cost of the agricultural labourer?Asked in UPSC CDS 1 2020
25. Match List-I with List-II and select the correct answer using the code given below the Lists : List-I List-II (Market struc‐ (Characteristic) ture)Asked in UPSC CDS 1 2020