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. P can build a wall in 24 days and Q can build it in 30 days. P starts the work and is joined by Q after 6 days; they work together for 3 days and then Q leaves the work. In how many days would P alone build the remaining part of the wall?Asked in GPSC Prelims CSP 1 2022
  2. On a triangle ABC, a circle with diameter BC is drawn, intersecting AB and AC at points P and Q, respectively. If the lengths of AB, AC and CP are 30 cm, 25 cm and 20 cm respectively, then what is the length of BQ ?Asked in GPSC Prelims CSP 1 2022
  3. N is a 3-digit number that is a multiple of 7; what is the probability that it will be also a multiple of 5?Asked in GPSC Prelims CSP 1 2022
  4. Statement-I : Rural and semi-urban areas in the country have been suffering due to loadshedding for quite sometime. Statement-II : If the Government is not able to overcome the power crisis, loadshedding will be extended even to the urban areas.Asked in GPSC Prelims CSP 1 2022
  5. Select the correct options from the statements provided below relating to the petroleum rich Arabian Peninsula countries: I. Arabian Peninsula countries have used petroleum revenues to finance large-scale projects, such as housing, highways, airports, universities and telecommunications networks. II. Their steel, aluminum and petrochemical factories compete on world markets with the help of government subsidies. III. The landscape has been further changed by the diffusion of consumer goods. Large motor vehicles, color TVs, audio equipment and motorcycles are readily available and affordable. IV. Supermarkets there are stocked with food imported from SE Asia and China.Asked in GPSC Prelims CSP 2 2023
  6. Match List I with List II : List-I List-II (a) Critical Minimum Effort Hy‐ (i) Boeke pothesis (ii) Leiben‐ (b) Theory of Social Dualism stein (c) Low-level Equilibrium Trap (iii) Higgins (d) Theory of Technological Du‐ (iv) Nelson alism Choose the correct answer from the options given below :Asked in HPPSC HPAS Prelims 2023
  7. In 36 hours, how many times will the hands of the clock coincide ?Asked in HAS Prelims 2023
  8. If $\frac{a+1}{a^2-1} = \frac{1}{5}$, then the value of $a$ is -Asked in HAS Prelims 2023
  9. Choose the correct alternatives. Teacher : Education :: Farmer : ?Asked in HAS Prelims 2023
  10. Which one of the following is not taken as a factor among the non-economic factors which contribute in economic growth?Asked in JPSC CS Prelims 2015
  11. Match List-I with List-II and select the correct answer using the code given below : List-I List-II (a) Price discrimination (i) Ragnar Nurkse (b) Land reform (ii) Bretton Woods (c) Vicious circle of (iii) Land monopoly poverty (iv) Land consolida‐ (d) I. B. R. D. tion Code :Asked in JPSC CS Prelims 2024
  12. The employment elasticity refers to which of the following ?Asked in KPSC KAS Prelims 2015
  13. The unemployment which is associated with the inadequacy of productive capacity to create enough jobs for all those able and willing to work refers to __________.Asked in KPSC KAS Prelims 2017
  14. What effect does cost-push inflation have on the economy?Asked in KPSC KAS Prelims 2024
  15. Select correct alternative in place of question mark. 8 (97) 6, 4 (56) 5, 6 (75) 4, 7 (?) 8.Asked in MPSC CS Prelims 2012
  16. Choose the group which is different from the others.Asked in MPSC CS Prelims 2012
  17. Krishna started a business with a capital of Rs. 9,000/-. Four months later Rani Joined him with a capital of Rs. 12,000/-. If at the end of the year, the total profit earned was Rs. 2,550/-, what will be Rani's share of profit ?Asked in MPSC CS Prelims 2012
  18. The Financial year of a Co-operative organization is _____Asked in MPSC CS Prelims 2015
  19. 'A country is poor, because it is poor' this statement is ofAsked in MPSC CS Prelims 2023
  20. According to Schumpeter, a. Development is a discontinuous and spontaneous change in the stationary state. b. While growth is a gradual and steady change in the long run which, comes about by a gradual increase in the rate of savings and population. Which of the statement above is/are correct ?Asked in MPSC CS Prelims 2023
  21. Who among the following describes the Indian economy as 'Bullock-cart Capitalism' ?Asked in OPSC CS Prelims 2015
  22. In India, which of the following determines the wage policy?Asked in OPSC CS Prelims 2023
  23. Consider the following statements with respect to Consumer Price Index (CPI) and Wholesale Price Index (WPI) in India: 1. The WPI is calculated for only goods and CPI is calculated for both goods and services. 2. The WPI is published by the Office of the Economic Advisor in the Ministry of Commerce and Industry while the CPI is published by the Central Statistical Office. 3. The WPI is published on a weekly basis for primary articles and fuel and power and is published monthly for the rest of the items, whereas the CPI is released on a monthly basis. 4. The WPI measures inflation in the initial stages of the supply chain whereas the CPI measures inflation in the later stages of the supply chain. Which among the above given statements are correct?Asked in PPSC CS Prelims 2021
  24. According to the World Bank's classification of economies into income groups (on the basis of GNI per capita using the Atlas method exchange rates) for the 2020 - 2021 fiscal year, India falls in which of the four incomes groups described below ?Asked in PPSC CS Prelims 2021
  25. Indian economy is marked by the existence of (i) Low per capita income (ii) High proportion of the working population is engaged in industries (iii) Improving rate of capital formation (iv) Problems in the employmentAsked in TNPSC CS Prelims 2022