SSC SOCIAL SCIENCE CHAPTER 16 MCQ

CH 16 : ECONOMIC DEVELOPMENT

Quiz

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1. In which of the following countries is mixed economy prevalent?
   1.   India
   2.   Yugoslavia
   3.   USA
   4.   China
2. For developed countries foreign trade is ....
   1.   necessary
   2.   favourable
   3.   unnecessary
   4.   unfavourable
3. Which one disadvantage from the following occurs in market mechanism system?
   1.   Social welfare works are not done as desired.
   2.   Money is given too much importance.
   3.   There is no incentive for production growth.
   4.   There is wastage of production resources.
4. By what other name is socialist system known?
   1.   Free economy system
   2.   Controlled economy system
   3.   Order and motivation system
   4.   Capitalist system
5. Which one of the following is a factor of market mechanism?
   1.   Economic decisions are taken on the basis of price mechanism.
   2.   Economic decision are taken on the basis of national income.
   3.   Economic decisions are taken on the basis of state mechanism.
   4.   Production resources are owned by the state.
6. On what do we have to depend more for agriculture in India?
   1.   Pesticides
   2.   Human labour
   3.   Chemical fertilizer
   4.   Land
7. Who takes economic decisions in a socialist economic system?
   1.   money
   2.   state mechanism
   3.   price mechanism
   4.   society
8. Which method is prevalent in France and England for the allocation of production resources?
   1.   mixed economy system
   2.   market mechanism system
   3.   socialist system
   4.   capitalist system
9. Which is the main important tool in market mechanism?
   1.   Land
   2.   Entrepreneur
   3.   Labour
   4.   Capital
10. Market mechanism and social system are ....
    1.   complimentary to each other
    2.   both. are the same
    3.   both are opposite to each other
    4.   little different from each other
11. What percent of the total industrial employment of India do the small and cottage industries generate?
    1.   72%
    2.   86%
    3.   80%
    4.   96%
12. What is the primary occupation of people in developing countries?
    1.   agriculture
    2.   transportation
    3.   Trade services
    4.   industries
13. What is the chief feature of a developing economy?
    1.   Low per capita income
    2.   Rising prices
    3.   Increasing population
    4.   Poverty
14. On what basis are the economic decisions taken in market mechanism?
    1.   Price mechanism
    2.   Import and export
    3.   Market
    4.   Supply
15. In 2001-2002, what percent people were engaged in agriculture?
    1.   58%
    2.   68%
    3.   70%
    4.   71%
16. Which word is associated with 'underdevelopment'?
    1.   developed countries
    2.   developing countries
    3.   Socialist countries
    4.   Poor countries
17. Economic development is associated with people's ..........and living standard of a country.
    1.   poverty
    2.   optional income
    3.   per capita income
    4.   financial income
18. Which one from the following does not fit into the factors of production?
    1.   market
    2.   labour
    3.   capital
    4.   land
19. What pe cent of industrial employment, large industries contribute?
    1.   8%
    2.   12%
    3.   17.5%
    4.   4%
20. Which one of the following statements is wrong ?
    1.   Agriculture is the main economic activity or, the developing economy
    2.   The annual population growth is less than 1 % in developing economy
    3.   Per capita income is low in developing economy
    4.   The growth of technology is less in developing economy
21. What percent share in employment of India does the Primary Sector contribute?
    1.   40%
    2.   70%
    3.   68%
    4.   58%
22. What is the form of economy in developing countries?
    1.   dual
    2.   developing
    3.   backward and orthodox
    4.   against development
23. Earning or spending some money by exchange of commodities or services are called ....
    1.   Exchange Activity
    2.   Non-economic Activity
    3.   Saving Activity
    4.   Economic Activity
24. Which sector dominates in developing countries?
    1.   Service sector
    2.   Business sector
    3.   Secondary sector
    4.   Primary sector
25. How is the social structure of developing countries?
    1.   dual
    2.   backward and orthodox
    3.   progressive
    4.   encouraging for development
26. Into how many sections can economic activities be classified?
    1.   Five
    2.   Three
    3.   Six
    4.   Seven
27. Increase in what, brings improvement in the standard of living of people?
    1.   Agricultural production
    2.   Industrial production
    3.   National income
    4.   Per capita income
28. What is the concept of developed country ?
    1.   Absolute
    2.   Minimum
    3.   Optional
    4.   Relative
29. What is the concept of economic growth?
    1.   elaborate
    2.   limited
    3.   narrow
    4.   broad
30. What percent people in France and Japan are employed in the agricultural sector?
    1.   5%
    2.   7%
    3.   3%
    4.   10%
31. In which type of economy, is the market totally free from controls?
    1.   monarchical
    2.   mixed
    3.   socialist
    4.   capitalist
32. Which country among the following is a developing country?
    1.   Japan
    2.   France
    3.   India
    4.   Sweden
33. Mental or physical work or work including both, aimed at monetary gain means ....
    1.   working capacity
    2.   production
    3.   labour
    4.   working skill
34. Which economic system is prevalent in India, England and France?
    1.   Socialist system
    2.   Mixed economy
    3.   Imperialistic system
    4.   Communist system
35. Providing basic amenities to every citizen during a year is included in ....
    1.   development
    2.   prosperity
    3.   living standard
    4.   income
36. Which of the following economic activities belong to primary sector?
    1.   health
    2.   agriculture
    3.   machinery industry
    4.   road transport
37. In social system, there is no scope for ....
    1.   individual ownership
    2.   entrepreneur
    3.   traders
    4.   capital
38. Which of the following limitations is seen in mixed economy?
    1.   wastage of production resources
    2.   lack of economic consistency
    3.   inefficiency
    4.   economic disorder
39. Which one benefit among the following is derived in market mechanism system?
    1.   Class conflict is abolished.
    2.   There is equal and rational distribution of income.
    3.   Person's economic freedom is maintained.
    4.   There is economic stability in society.
40. Russia: Socialist system:: France:
    1.   Socialist system
    2.   Mixed mechanism
    3.   Communist system
    4.   Market mechanism system
41. Which one of the following disadvantages is there in socialist system?
    1.   There is waste of production resources
    2.   There is monopoly
    3.   There is exploitation of customer
    4.   Money and price mechanism cannot be used fully
42. Land, capital, labour and entrepreneurship are the factors of.. ..
    1.   Industrial development
    2.   Production
    3.   Individual development
    4.   National income
43. What type of countries are USA, Russia, Japan, France, etc.?
    1.   Backward
    2.   Developed
    3.   Underdeveloped
    4.   Developing
44. Which country among the following is not a developed country?
    1.   Japan
    2.   Brazil
    3.   Germany
    4.   USA
45. Which problem will always be more or less present in every economy?
    1.   Income
    2.   Expenditure
    3.   Scarcity
    4.   Abundance
46. With the decrease in demand of any commodity in the market.. ..
    1.   prices go down
    2.   prices stabilise
    3.   prices rise
    4.   equilibrium of prices is lost
47. Indian economy is slowly ....
    1.   heading towards
    2.   developing
    3.   coming under America's influence
    4.   settling
48. Which things are included in service sector?
    1.   Machinery, large industry, colour, chemical
    2.   Tools for communication, defense material, cloth manufacturing
    3.   Trade, communication, health, banking
    4.   Import-export, manufacture of nuclear weapons
49. What percent people in Canada are employed in the agricultural sector?
    1.   5%
    2.   3%
    3.   2%
    4.   8%
50. What can the mixed economy be called?
    1.   Uncontrolled
    2.   Democratic
    3.   Controlled
    4.   Communist
51. What type of economic system prevails in India?
    1.   Socialist
    2.   Mixed
    3.   Capitalist
    4.   Market mechanism system
52. What percent contribution of agriculture was in 1950-51 in the Primary Sector?
    1.   57.7%
    2.   26.6%
    3.   21.4%
    4.   41.5%
53. Due to unlimited ever increasing human needs resources will always be ....
    1.   abundant
    2.   increasing
    3.   scarce
    4.   sufficient
54. Due to what is per capita income of people increases?
    1.   Economic development
    2.   Bank loans
    3.   Import-export
    4.   Business
55. Which country among the following is a developed country?
    1.   India
    2.   Argentina
    3.   Sri Lanka
    4.   North America
56. Market mechanism system maintains a person's ........... freedom.
    1.   social
    2.   economic
    3.   cultural
    4.   civil
57. How many uses do the production resources have?
    1.   Two
    2.   Multiple
    3.   Optional
    4.   Four
58. What per cent people of the developing countries are poor?
    1.   More than 18%
    2.   More than 30%
    3.   More than 12%
    4.   More than 24%
59. Which one benefit among the following is there in socialist system?
    1.   Person's economic freedom is protected
    2.   Most of the wants of people are satisfied
    3.   Production resources are used economically
    4.   Income is distributed equally and rationally
60. Which mechanism is known as free economic system?
    1.   Capitalist method
    2.   Mixed economy
    3.   Communist system
    4.   Socialist system
61. What per cent people in England and America are employed in the agricultural sector?
    1.   2%
    2.   7%
    3.   5%
    4.   3%
62. What type of sector can primary sector be called?
    1.   Society dominated
    2.   Modern
    3.   Ancient
    4.   Labour dominated
63. What is economic development?
    1.   Inflation
    2.   Increase in income
    3.   Improvement in standard of living
    4.   Increase in export
64. How many tools of production are there?
    1.   Two
    2.   Four
    3.   Five
    4.   Three
65. In which one of the following countries is market mechanism system being implemented?
    1.   USA
    2.   Russia
    3.   China
    4.   India
66. How can we say that there is economic development in India?
    1.   Needs are satisfied in a better way.
    2.   New industries are coming up every year.
    3.   Irrigation facilities have increased.
    4.   Peoples income keeps on growing.
67. Which of the following economic activities belong to service sector?
    1.   forest conservation
    2.   electricity
    3.   factories
    4.   education
68. In which type of economy money and price mechanism is supreme?
    1.   Mixed economy
    2.   Market mechanism
    3.   Socialist mechanism
    4.   Communist economy
69. What is market mechanism known as?
    1.   Capitalist method
    2.   Socialist method
    3.   Mixed economy
    4.   Communist method
70. Which sector contributes most in employment generation and national income?
    1.   Primary sector
    2.   Tourism sector
    3.   Industrial sector
    4.   Education sector
71. In market mechanism system ....
    1.   money is given too much importance
    2.   money does not have any value
    3.   there is no interference of state
    4.   money is considered to be supreme
72. What percent people in Australia are employed in the agricultural sector?
    1.   15%
    2.   12%
    3.   5%
    4.   8%
73. In which of the following countries is socialist system prevalent?
    1.   India
    2.   China
    3.   Japan
    4.   Britain
74. What is a person, who coordinates land capital and labour called?
    1.   Entrepreneur
    2.   Industrialist
    3.   Landlord
    4.   Farmer
75. Countries having how many $ per capita income are included in developing Economy?
    1.   800$
    2.   565$
    3.   765$
    4.   1,000$
76. What are the main problems regarding production resources of a country?
    1.   efficiency
    2.   scarcity
    3.   quality
    4.   usage
77. ........... shows the increase in production and the rate of increase.
    1.   Economic growth
    2.   Economic development
    3.   National development
    4.   Industrial development
78. What is the concept of economic development?
    1.   social
    2.   narrow
    3.   limited
    4.   elaborate
79. Market mechanism: USA: : Socialist:
    1.   Russia
    2.   India
    3.   Japan
    4.   France
80. The figure obtained by dividing the total national income by the total population is ....
    1.   Average income
    2.   Economic growth income
    3.   Absolute income
    4.   Per capita income
81. What is India called economically?
    1.   Underdeveloped
    2.   Backward
    3.   Developed
    4.   Developing
82. What per cent people, in 1951, were engaged in agriculture?
    1.   65%
    2.   62%
    3.   71%
    4.   60%
83. What is the annual population growth rate of developing countries?
    1.   2 % or higher
    2.   4 % or higher
    3.   2.5 % or higher
    4.   5.2 % or higher
84. Which of the following economic activities belong to secondary sector?
    1.   fishing
    2.   banking
    3.   cattle rearing
    4.   production of nuclear weapons
85. In developing countries ...
    1.   land is cultivated by machines.
    2.   education level is high.
    3.   per capita income is high.
    4.   there is no significant growth of technology.
86. Which concept is more useful to know people's welfare and changes taking place in it?
    1.   Individual income
    2.   Economic growth
    3.   Economic development
    4.   National income
87. Who owns the production resources in socialism?
    1.   entrepreneur
    2.   market mechanism
    3.   planning commission
    4.   state
88. Which one of the following pairs is wrong?
    1.   Production of atomic weapons - Secondary Sector
    2.   Education, Health, etc.-Service Sector
    3.   Agriculture, animal husbandry, etc. - Primary Sector
    4.   Jobs, etc. -- Employment Sector