Economic Growth and Development Generix Content - Economic Growth and Development
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"Economic Growth and Development" question number distribution across years
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JAMB questions for "Economics :: Economic Growth and Development"
Q1
National development plans in Nigeria fail mainly because of
A
overdependence on foreign aids
B
poor implementation strategies
C
inadequate funding of projects
D
shortage of skilled manpower
E
Q2
The Basic Needs Approach to development is directed at
A
poverty alleviation
B
provision of educational infrastructure
C
provision of health services
D
improvement in workers income
E
Q3
The major reason why countries strive to achieve optimum growth is to
A
be self-sufficient
B
raise general living standards
C
raise the level of production
D
reduce aggregate expenditure
E
Q4
A good indicator of economic development is an increase in
A
gross national product
B
per capita income
C
real national income
D
real per capita income
E
Q5
Economic growth takes place when there is an increase in
A
savings over time
B
investment over time
C
population over time
D
output over time
E
Q6
In a developing economy, productivity is measured by the
A
output per capita
B
output growth rate
C
capital-output ratio
D
output-labour ratio
E
Q7
Economic growth can be accelerated through
A
excess current consumption
B
increased current investment
C
excess consumption over investment
D
increase current consumption
E
Q8
Economic growth is different from economic development because economic growth
A
describes expansion and change
B
is measurable but not objective
C
describes expansion and not change
D
is measurable but objective
E
Q9
The price index computed between two time periods is given as 128%. This implies that the
A
disposable incomes have increased by 128%
B
living standards have fallen by 128%
C
living standards have rise by 128%
D
living standards have fallen by 28%
E
Q10
The problem of planning in Nigeria is mainly in the
A
implementation of the plans
B
appraisal of the plans
C
allocation of scarce resources
D
articulation of the plans
E
Q11
A country is said to have absolute advantage when she
A
can sell to other countries without buying from them
B
has a higher opportunity cost in the production of a good
C
has a lower opportunity cost in the production of a good
D
can produce more of any good with fewer resources
E
Q12
A major reason for having national development plans is to
A
involve people in national programmes
B
make government spent more on production
C
ensure that more citizens are involved in planning
D
ensure efficient use of available resources
E
Q13
One of the major criticisms of the 1962 - 1968 National Development Plan was that
A
its execution was based largely on foreign sourced financial resources
B
it failed to incorporate lessons gained from earlier plans to enhance its efficiency
C
planned expenditure was based too heavily on expected earnings from crude oil
D
it came too quickly after the country's independence
E
Q14
As a country gets more developed, the percentage of labour engaged in agriculture tends to
A
switch over to trading
B
remain constant
C
increase steadily
D
decrease steadily
E
Q15
Some of the key indicators of underdevelopment in a country are
A
poverty, low level of literacy and low income
B
poverty, low income and low unemployment level
C
poverty, high level of literacy and low income
D
low level of literacy, low income and poverty
E
Q16
In a centrally planned economy, the economic problem of deciding what to produce is dependent on
A
state command
B
relative prices
C
average cost
D
average profit
E
Q17
In order to accelerate economic development, a country must
A
stimulate her population growth rate
B
pursue a high population growth rate
C
pursue a rational population policy
D
pursue a incremental population policy
E
Q18
Economic growth can be accelerated through
A
balancing of savings and consumption
B
postponement of current consumption
C
planned current consumption
D
increased current consumption
E
Q19
Economic development may be defined as economic growth
A
in a given country
B
over a long period
C
and improved health facilities
D
and improved distribution wealth
E
Q20
In a planned economy, what shall be produced is determined primarily by
A
what the consumer wants
B
government decisions
C
price mechanism
D
the pattern of consumer spending
E
Q21
In certain circumstances, a centrally planned economy adopts the rationing system the rationing system because of
A
the scarcity of goods and services in the market
B
low real and money wages
C
the need for equitable distribution of goods and services
D
transportation and distribution problems
E
Q22
One of the major consequences of urban-based development programmes in Nigeria is that they
A
led to rapid rural-urban migration
B
led to unprecedented urban wealth
C
transformed rural areas into urban centres
D
increased the level of specialized manpower in the cities
E
Q23
Development plans have not been successful in some developing countries largely because of
A
very large working population
B
increasing level of consumption
C
scarcity of industries raw material
D
shortage of skilled labour and experts
E
Q24
The major objective of economic growth is to
A
redistribute income and other benefits of growth
B
equalize opportunities for education and employment
C
increase the aggregate expenditure on goods and services
D
increase the real per capita income
E
Q25
The Family Support Programme in Nigeria essentially focuses on
A
the generation of employment
B
the alleviation of poverty
C
agricultural and industries development
D
economic emancipation of women
E
Q26
Economically, underdeveloped countries are characterized by
A
high rate of population growth and low rate of economic growth
B
high rate of economic growth and low rate of population growth
C
high rate of economic growth and low rate of economic growth
D
low rate of population growth and low rate of economic growth
E
Q27
The major important factor in ensuring economic development is the
A
effective mobilization of domestic savings
B
presence of foreign capital
C
formulation of appropriate government policies
D
attraction of foreign aids and grants
E
Q28
The demands made on each other by the agricultural and industrial sectors as the economy grows are reflected in
A
backward and forward linkages
B
horizontal and vertical linkages
C
vertical linkages
D
functional linkages
E
Q29
One of the ways by which the government can speed up economic development is through the
A
increase in consumption pattern of the people
B
encouragement of savings, investment and equitable distribution of goods and services
C
increase the rate of population growth so as to ensure that the country has a large labour to produce consumer goods
D
E
Q30
A sustained increase in the production of goods and services in a country is called economic
A
development
B
growth
C
diversification
D
planning
E
Q31
Economic development is distinguishable from economic growth because the former
A
is not concerned with growth parameters
B
affect only the poor people
C
also includes an efficient distribution of economic growth
D
is an increase in the production of goods and services
E
Q32
A major obstacle of economic development is
A
a rise in industrial output
B
low farm productivity
C
free trade
D
ineffective trade unions
E
Q33
The most common index used for measuring developing is
A
the level of literacy
B
per capital income
C
nutritional levels
D
population growth rate
E
Q34
The primary goal of development planning in Nigeria is to
A
increase profitability of enterprises
B
achieve a produced increase in the welfare and standard
C
increase level of gross domestic product
D
E
Q35
An increase in an economy's rate of capital implies
A
an increase in the economy's rate of capital replacement
B
an increase in the economy's capital stock
C
a decrease in government spending
D
an increase in government
E
Q36
Economic development is defined as
A
positive change plus growth
B
availability of more goods and services
C
outward shift of the production possibility curve
D
growth in the national income
E
Q37
Which of the following methods is most likely to lead to an increased rate of growth in the nations economy?
A
An increase in wages and profits
B
An increase in consumer demand
C
A greater fraction of the National Product going into investment
D
Continuous rise in bank loans
E
Q38
Which of the following is NOT a feature of under-development?
A
Low per capita income
B
Vicious circle of poverty
C
Low level of industrialization
D
Greater dependence on primary production
E
High capita income
Q39
How many National Development Plans did Nigeria have between 1960 and 1984?
A
One
B
Two
C
Four
D
Five
E
Six
Q40
If an economy grows at an annual rate of 6%, for which 4% is demand to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
A
technical progress
B
size of the population
C
amount of natural resources
D
the environment
E
the quality of human resources
Q41
Which of the following is NOT an obstacle to economic development?
A
Low level of investment
B
Lack of modern technology
C
High rate of population growth
D
Low productivity
E
Dedicated leadership
Q42
Which of the following is NOT a feature of economic underdevelopment of a country
A
large number of high income earners relative to population
B
high annual income for the country
C
high incidence of poverty
D
low daily calorie intake per person
E
high instant mortality rate
Q43
Given the present state of the Nigerian economy, which of the following measures will promote a more rapid economic development?
A
Complete dependence on oil exports
B
Concentration on agriculture exports
C
Diversification of the economy
D
Building of more schools and universities
E
Introduction of nuclear energy in Nigeria
Q44
Nigeria is currently implementing the
A
third development plan
B
second development plan
C
fourth development plan
D
fifth development plan
E
first development plan
Q45
Some of the major problems hindering economic development in West Africa are in the areas of electricity supply, communications, education and health. These items are known in economics as
A
development projects
B
infrastructural facilities
C
monoculture
D
capital investment
E
superstructure
Q46
Which sector can you say is growing the fastest in the Nigerian economy?
A
Agriculture
B
Industry
C
Education
D
Transport
E
Labour
Q47
Which is NOT a method of raising capital funds in Nigeria?
A
Borrowing from aboard
B
Internal borrowing
C
Nigerianization of foreign companies
D
Gifts from aboard
E
Selling government bonds
Q48
Less developed countries obtain foreign reserves mainly from the export of
A
manufactured goods
B
processed and semi processed commodities
C
invisible items
D
primary products
E
all of the above
Q49
In order to build up its capital stock, the typical less developed country should ideally
A
increase total savings
B
depend on hand out from foreigners
C
nationalise all foreign concerns
D
impose tariffs on imports
E
none of the above