This quiz works best with JavaScript enabled. Home > Development > General > Economic Development – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is mass production? A) The process of creating large numbers of similar products effectively. B) When each worker specializes in all tasks needed to create a product. C) When a product is produced by only one person. D) None of above. Show Answer Correct Answer: A) The process of creating large numbers of similar products effectively. 2. Which of the following items play a role in determining productivity? A) Physical capital. B) Natural resources. C) Technological knowledge. D) All of the above are correct. Show Answer Correct Answer: D) All of the above are correct. 3. Survey of Pakistan 2013-14, per anum production of coal is ..... metric ton. A) 2000. B) 3000. C) 4000. D) None of above. Show Answer Correct Answer: C) 4000. 4. Maquiladoras in northern Mexico depend on low cost Mexican labor to inexpensively create expensive finished products. This most reflects which geographic principle? A) Core-periphery model. B) Dependency ratio. C) Demographic transition. D) Push factor. Show Answer Correct Answer: A) Core-periphery model. 5. Which year is known as the"Year of Great Divide" A) 1921. B) 1951. C) 1981. D) 1991. Show Answer Correct Answer: A) 1921. 6. In a ..... system, supply and demand sets the prices for goods and services. A) Command Economic. B) Market Economic. C) Liberal. D) Socialist. Show Answer Correct Answer: B) Market Economic. 7. If you grew up on a farm in West Texas, would type of economic activities would you most likely participate in? A) Primary. B) Secondary. C) Tertiary. D) Quaternary. Show Answer Correct Answer: A) Primary. 8. One's level of wealth, comfort, and material goods is called.. A) Economic development. B) Human development. C) Standard of living. D) Social change. Show Answer Correct Answer: C) Standard of living. 9. According to Rostow's development model, a country with a lot of heavy industry that uses modern technology is in A) State 2, preconditions to take off. B) Stage 3, take off. C) Stage 4, drive to maturity. D) Stage 5, age of mass consumption. Show Answer Correct Answer: C) Stage 4, drive to maturity. 10. No country can achieve sustainable economic development without substantial investment in human. A) Macroeconomic. B) Level of infratructure. C) Political Stability. D) Educational Standard. Show Answer Correct Answer: D) Educational Standard. 11. Which country would be most likely to advertise Ecotourism? A) South Korea. B) Costa Rica. C) China. D) Netherlands. Show Answer Correct Answer: B) Costa Rica. 12. Who regulates the markets in agricultural products in India? A) Essential Commodities Act, 1955. B) Agricultural Produce (Grading and Marking) Act, 1937. C) Agricultural Produce Market Committee Act enacted by States. D) Food Products Order, 1956 and Meat and Food Products Order, 1973. Show Answer Correct Answer: C) Agricultural Produce Market Committee Act enacted by States. 13. This sector of the economy includes major universities and research institutions. A) Primary. B) Secondary. C) Quaternary. D) Quinary. Show Answer Correct Answer: C) Quaternary. 14. What stage of Rostow's Development Index does technology first get introduced? A) 1-Traditional Society. B) 2-Preconditions of takeoff. C) 3-takeoff. D) 4-drive to maturaty. Show Answer Correct Answer: B) 2-Preconditions of takeoff. 15. Companies keep on hand just what supplies they need for near-term production; eliminates wasted goods and frees up capital. A) Economies of scale. B) Just-in-time Delivery. C) Commodity chain. D) Trading bloc. Show Answer Correct Answer: B) Just-in-time Delivery. 16. A certain amount of goods and services is necessary for a minimum standard of living. This is called A) Basic needs. B) Absolute poverty. C) An international standard of living. D) The concept of development. Show Answer Correct Answer: A) Basic needs. 17. Raw material is related to A) Secondary sector. B) Primary sector. C) Tertiary sector. D) Services. Show Answer Correct Answer: B) Primary sector. 18. The president of a major research university, the chairman of the board at a Fortune 500 company, and the head of state of a country are all individuals that would be part of which economic sector? A) Tertiary. B) Secondary. C) Quinary. D) Quaternary. Show Answer Correct Answer: C) Quinary. 19. When we produce a good by exploiting natural resources, it is an activity of the: A) Secondary sector. B) Tertiary sector. C) Primary sector. D) Organised sector. Show Answer Correct Answer: C) Primary sector. 20. A foreign currency gap increases the price of? and can lead to? in an economy A) Imports, current account deficit. B) Imports, inflation. C) Exports, current account deficit. D) Exports, inflation. Show Answer Correct Answer: B) Imports, inflation. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 3Economic Development Quiz 4Economic Development Quiz 5Economic Development Quiz 7Economic Development Quiz 8Economic Development Quiz 9Economic Development Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books