SOCIO ECONOMIC DEVELOPMENTS MCQs

 1. Production function expresses—

(A) Technological relationship between physical inputs and output
(B) Financial relationship between physical inputs and output
(C) Relationship between finance and technology
(D) Relationship between factors of productionAns. (A)

2. Which one of the following is not a characteristic of the population of a developed country?
(A) Low birthrate and low death rate
(B) High birthrate and high death rate
(C) High proportion of urban population
(D) Low growth rate of population

Ans. (B)

3. Which Plan gave emphasis on removal of poverty for the first time?
(A) Fourth
(B) Fifth
(C) Sixth
(D) Seventy

Ans. (C)

4. “Interest is a reward for parting with liquidity” is according to—
(A) Keynes
(B) Marshall
(C) Haberler
(D) Ohlin

Ans. (A)

5. Extension or contraction of quantity demanded of a commodity is a result of a change in the—
(A) Unit price of the commodity
(B) Income of the consumer
(C) Tastes of the consumer
(D) Climate of the region

Ans. (A)