Online Development Economics MCQs 5

Test your knowledge of development economics with this 20-question MCQ quiz! Online Development Economics MCQs is perfect for students, researchers, and economists preparing for job interviews, competitive exams, or academic assessments. Covering key topics like FDI, resource curse, Lewis Model, brain drain, and global institutions (WTO, World Bank), this quiz helps reinforce core concepts in economics and economic development. Sharpen your understanding and boost your exam readiness today! Let us start with the Online Development Economics MCQs Test now.

Created by Muhammad Imdad Ullah

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Development Economics Quiz 5

Online Multiple-Choice Questions about Development Economics Test with Answers

1 / 20

Which theory of development emphasizes the role of cultural factors in economic growth?

Dependency theory

Modernization theory

Human development theory

Export-led growth theory

2 / 20

Which development indicator is often used to measure access to education?

Gini coefficient

Human Development Index (HDI)

Literacy rate

GDP per capita

3 / 20

Which organization is responsible for setting global trade rules and resolving trade disputes?

International Monetary Fund (IMF)

United Nations (UN)

World Health Organization (WHO)

World Trade Organization (WTO)

4 / 20

According to the Lewis Model, what is the "unlimited labor supply"?

The labor force in the informal economy

The surplus labor in the agricultural sector

The number of people employed in manufacturing

The total labor force in a country

5 / 20

Which of the following is not a characteristic of a developing country?

Limited access to healthcare

Low income levels

High levels of industrialization

High population growth

6 / 20

What is the name of the economic theory that suggests that government spending can stimulate economic growth during a recession?

Keynesian economics

Laissez-faire economics

Monetarism

Supply-side economics

7 / 20

Which organization provides technical assistance and capacity-building support to developing countries?

United Nations (UN)

International Monetary Fund (IMF)

World Bank

World Trade Organization (WTO)

8 / 20

Which of the following is an example of a non-renewable resource?

Fossil fuels

Solar energy

Freshwater

Wind energy

9 / 20

Which organization provides loans and financial assistance to developing countries?

European Union (EU)

World Trade Organization (WTO)

Organization of Petroleum Exporting Countries (OPEC)

International Monetary Fund (IMF)

10 / 20

What does the "Poverty Trap" refer to in development economics?

A decline in economic growth

A situation where poverty is self-perpetuating due to various factors

A sudden increase in income for a poor individual

A government program to eradicate poverty

11 / 20

What is the term for a situation where the price of a good is below its production cost?

Price floor

Price ceiling

Market equilibrium

Market surplus

12 / 20

Which of the following is a characteristic of a command economy?

A focus on consumer choice

Private ownership of all industries

Centralized government planning and control

Minimal government intervention in economic activities

13 / 20

What is the primary goal of microfinance institutions?

Managing government budgets

Promoting large-scale corporate investments

Providing loans to low-income individuals and small businesses

Regulating financial markets

14 / 20

Which of the following is a characteristic of a mixed economy?

Minimal government intervention

A focus on free-market capitalism

Complete government ownership of all industries

A combination of private and public ownership of industries

15 / 20

What is the primary goal of export-led growth strategies?

Encouraging foreign aid

Promoting domestic consumption

Increasing exports to boost economic growth

Reducing income inequality

16 / 20

What does the "Resource Curse" refer to in development economics?

A government program to exploit natural resources

A situation where resource-rich countries experience slow economic growth

The overexploitation of natural resources

An increase in resource prices on global markets

17 / 20

What does the term "Brain Drain" refer to in the context of development economics?

The migration of skilled individuals from developing countries to developed countries

A decline in innovation and technology adoption

An increase in the number of people with advanced degrees

A decrease in government spending on education

18 / 20

What is the name of the economic theory that argues that government intervention in the market should be minimal?

Laissez-faire economics

Protectionism

Keynesian economics

Mercantilism

19 / 20

Which theory of development focuses on the idea that economic growth should improve the quality of life for all members of society?

Human development theory

Economic growth theory

Export-led growth theory

Modernization theory

20 / 20

Which of the following is an example of foreign direct investment (FDI)?

A foreign government providing a grant to a developing country

A foreign company building a factory in a developing country

A developing country receiving loans from an international organization

A developing country exporting agricultural products to a foreign market

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Online Development Economics MCQs with Answers

• Which of the following is an example of foreign direct investment (FDI)?
• What does the “Resource Curse” refer to in development economics?
• Which theory of development emphasizes the role of cultural factors in economic growth?
• What is the primary goal of export-led growth strategies?
• Which of the following is an example of a non-renewable resource?
• According to the Lewis Model, what is the “unlimited labor supply”?
• What is the term for a situation where the price of a good is below its production cost?
• Which organization provides technical assistance and capacity-building support to developing countries?
• Which of the following is a characteristic of a mixed economy?
• What does the term “Brain Drain” refer to in the context of development economics?
• Which organization is responsible for setting global trade rules and resolving trade disputes?
• What is the name of the economic theory that argues that government intervention in the market should be minimal?
• Which theory of development focuses on the idea that economic growth should improve the quality of life for all members of society?
• Which of the following is not a characteristic of a developing country?
• What does the “Poverty Trap” refer to in development economics?
• Which development indicator is often used to measure access to education?
• What is the primary goal of microfinance institutions?
• Which organization provides loans and financial assistance to developing countries?
• What is the name of the economic theory that suggests that government spending can stimulate economic growth during a recession?
• Which of the following is a characteristic of a command economy?

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