Economic Development
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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. The mismatch in the regional or occupational pattern of job vacancies and the pattern of worker availability results inAsked in UPSC CDS 1 2021
  2. The situation in an economy which is growing slowly along with rapid inflation (rising price level) is calledAsked in UPSC CDS 1 2021
  3. Which one of the following does not influence quantity demanded for a good ?Asked in UPSC CDS 1 2022
  4. The sustained decrease in the general price level is called asAsked in UPSC CDS 1 2023
  5. Under normal downward sloping demand curve and fully elastic supply curve of a commodity, an exogenous decrease in demand would lead toAsked in UPSC CDS 1 2024
  6. Who among the following scholars argued that "capital created underdevelopment not because it exploited the undeveloped world, but because it did not exploit it enough"?Asked in UPSC CDS 2 2017
  7. The natural rate of unemployment hypothesis was advocated byAsked in UPSC CDS 2 2018
  8. The value of the slope of a normal demand curve isAsked in UPSC CDS 2 2019
  9. Normally, there will not be a shift in the demand curve whenAsked in UPSC CDS 2 2020
  10. A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed asAsked in UPSC CDS 2 2020
  11. Which one of the following may lead to movement along the demand curve of a commodity ?Asked in UPSC CDS 2 2021
  12. Which one of the following is the opportunity cost of a chosen activity ?Asked in UPSC CDS 2 2021
  13. Which of the following correctly explain that India is underdeveloped economy ? 1. Inequitable distribution of income. 2. High dependency ratio. 3. Slower rate of increase in national income. 4. Change in banking and financial sector. Select the correct answer using the codes given below.Asked in CGPSC Prelims Exam 2017
  14. Certain geographical regions in a country may have economic laws different from the country’s typical economic laws. Which one of the following could be the reason for allowing the differences in economic laws for particular geographical regions?Asked in UPSC Geoscientist 2021
  15. The Owners, Employees, Board of Directors and Culture form the organizations ______.Asked in GPSC Prelims CSP 1 2024
  16. Geographical Indication tags are typically given for 1. Agricultural products 2. Foodstuffs 3. Handicrafts 4. Wines and spirit drinks 5. Industrial products Select the correct answer code:Asked in GPSC Prelims CSP 2 2024
  17. The term ‘Unicorn Company’ often seen in news meansAsked in GPSC Prelims CSP 2 2024
  18. The term is used to highlight the rarity of such successful ventures. 43. Which company does W work with?Asked in GPSC Prelims CSP 1 2019
  19. According to the Economic Survey 2018-19, "Data" has been presented as _____.Asked in GPSC Prelims CSP 2 2019
  20. Which of the following statements are correct regarding 7th Economic Census of India? 1. The 7th Economic Census has commenced from Tripura 2. The last Economic Census was conducted in 2010. 3. The results of this Census would be available by March 2020. 4. The data will be collected from commercial establishments only.Asked in GPSC Prelims CSP 2 2019
  21. For the given pair (x, y) of positive integers, such that 4x – 17y = 1 and x < 1000, how many integer values of y satisfy the given conditions?Asked in GPSC Prelims CSP 1 2021
  22. Which of the following is not a concept of unemployment as per definition of NSSO?Asked in GPSC Prelims CSP 2 2021
  23. Match the following List-I with List-II List-I List-II 1. Slowa. A sudden down in economy down 2. Recesb. Reduction in growth rate of the sion economy 3. Boom c. Economy is reducing in size 4. Meltd. Increase in the growth rate of the down economyAsked in GPSC Prelims CSP 2 2021
  24. Which of the following are the effects of Inflation on various classes of persons in the society? 1. Debtors gain and creditors will face loss during inflation 2. Purchasing power of the salaried persons will increase 3. Fixed income persons will face loss during inflationAsked in GPSC Prelims CSP 2 2021
  25. If x and y are positive integers and x + y + xy = 54, what is the value of x + y?Asked in GPSC Prelims CSP 1 2022