MCQs on Economics Growth and Development
1. The measure of
economic growth among the below is?
a. Gross Domestic Product (GDP)
b. Human Development Index (HDI)
c. Poverty rate
d. Gini coefficient
Answer: a
2. The measure of
development in economics among the below is?
a. Gross Domestic Product (GDP)
b. Human Development Index (HDI)
c. Inflation rate
d. Unemployment rate
Answer: b
3. Among the
below, which one is the characteristics of economic Growth?
a. Increase in per capita income
b. Reduction in income inequality
c. Improvement in social indicators
d. Sustainable use of natural resources
Answer: a
4. Among the given
4 options, which one is/are characteristics of economics development?
a. Increase in per capita income
b. Reduction in income inequality
c. Improvement in social indicators
d. Sustainable use of natural resources
Answer: c
5. The limitation of using GDP as a measure of
economic growth among the below is?
a. It does not account for income inequality
b. It does not account for non-market activities
c. It does not account for environmental degradation
d. All of the above
Answer: d
6. The limitation of using HDI as the measure of
economic development among the below is?
a. It does not account for income inequality
b. It does not account for non-market activities
c. It does not account for environmental degradation
d. All of the above
Answer: b
7. The example of
economics growth among below is?
a. An increase in the number of people with access to
healthcare
b. An increase in the number of people employed in the
service sector
c. An increase in the number of people living in poverty
d. An increase in the number of people using public
transportation
Answer: b
8. The example of
economic development among below is?
a. An increase in the number of people with access to healthcare
b. An increase in the number of people employed in the
service sector
c. An increase in the number of people living in poverty
d. An increase in the number of people using public
transportation
Answer: a
9. Example of
sustainable development among the below is?
a. Building a factory that pollutes the local environment
b. Clearing forests for agricultural purposes
c. Developing renewable energy sources
d. Using up natural resources without regard for future
generations
Answer: c
10. The criticism
of the concept of economic growth among the below four option is?
a. It does not take into account the social and
environmental costs of development
b. It is too focused on short-term gains rather than
long-term sustainability
c. It prioritizes economic growth over social development
d. All of the above
Answer: d