Answer all the following questions 1.Which of the following is not the feature of imperfect competition? a) Product differentiation b) Few sellers c) Homogeneous Product d) Price Wars. 2.The theory of factor pricing is applicable to a) all factors of production b) only rent c) few factors of production d) none of the above. 3.The marginal productivity theory of distribution is developed by a) Amartya Sen b) Adam Smith c) J B Clark d) Alfred Marshall. 4. Development reflects a) Social progress b) economic progress c) social & economic progress d) none of the above. 5. Underdevelopment is characterized by a) low real per capita income b) wide spread poverty c) lower level of literacy d) all of the above. 6. Secondary activities include a) manufacturing industries b) processing industries c) service industries d) none of the above. 7.Heavy pressure of population is the main cause of ______ productivity of Indian agriculture. a) high b) low c) normal d) surplus. 8. Traditional methods of cultivation ___________agricultural produce. a) Decrease b) increase c) maintain d) encourage. 9. Indian agriculture is characterized by a) gamble of monsoon b) disguised unemployment c) sub-division & fragmentation of land holdings d) all of the above. 10. Disequilibrium in Balance of Payments occur when a) debit exceeds credit b) credit exceeds debit c) debit and credit are unequal d) debit & credit are equal. 11.According to the Planning Commission, how many average daily calories per person define the poverty line in urban & rural areas? a)2400,2100 b) 2100,2400 c) 4100,4200 d) 4200, 4100 12. Identify the correct statement a) The problem of unemployment & poverty are not interrelated. b) the birth rate in India is high because of low incidence of poverty. c) The problem of poverty has been solved in India d) none of the above. 13. Under monopoly price discrimination depends upon a) Elasticity of demand for commodity b) elasticity of supply of commodity c) size of market d) all of the above 14. The problem of unemployment on society are a) tension at home b) political issues c) insecurity amongst employees d) all 15. Poverty alleviation measures are a) population control b) increase in employment c) equal distribution of income d) all 16. Problems of poverty on society are a) corruption b) criminal activities c) lack of health & happiness d) all 17. problems of poverty on children are a) chances of mal nutrition b) life threatening diseases c) illiteracy & lack of education d) all 18. force refers to that part of a) labour force which is employed b) population which is unem Work ployed c) population which is forced to work d) labour force which is unemployed 19. Disguised unemployment commonly refers to a) a situation of unemployment with surplus manpower in which some workers have zero marginal productivity b) a situation due to vicious circle poverty c) a situation due to decline in demand for production in a particular industry d) a situation caused by imperfect mobility of labour 20. Disguised unemployment is a common phenomenon in India specially in a) industrial sector b) agricultural sector c) service sector d) all of the above
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