Industrialization?

Related Mcqs:

1. Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

   A. export promotion
   B. import promotion
   C. international commodity agreements
   D. multilateral contracts

2. Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?

   A. import substitution
   B. export promotion
   C. commercial dumping
   D. multilateral contract

3. _________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

   A. absolute advantage
   B. comparative advantage
   C. export-led growth
   D. import substitution

4. The impact of industrialization in India is most conspicuously reflected in ?

   A. widow marriage
   B. crimes
   C. the increasing rate of growth in urban population
   D. inter-caste marriage

5. As economic development proceeds income inequality tends to follow a(n) _____ curve?

   A. convex
   B. inverted U shaped
   C. L-shaped
   D. S-Shaped

6. Which of the following is not a requirement for economic development ?

   A. a temperate climate
   B. natural resources
   C. an adequate capital bases
   D. technological advance

7. Two or more nuclear families of parent(s) and children is known as ?

   A. dual family
   B. institutional family
   C. extended family
   D. two-tier family tree

8. Which of the following statement is true about low-income countries ?

   A. less than 10% of the labor force is in agriculture
   B. the average agriculture family produces surplus large enough only to supply small non-agriculture population
   C. One-third of the labor force produce food
   D. share of labor force is about 30%

9. Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?

   A. $145
   B. $40,000
   C. $25
   D. $100

10. In low-income countries the average agricultural family produces a surplus ?

    A. enough to supply only a small nonagricultural population
    B. of zero
    C. large enough of feed five other families
    D. large enough to feed 25 other families