Question 1

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

Accepted Answer

Advanced technology and infrastructure

Answer

Low per capita income

Answer

Dependence on agriculture

Answer

High poverty rate

Question 2

A developing economy generally has:

Accepted Answer

Lower per capita income

Answer

Highly developed industries only

Answer

Low unemployment

Answer

High standard of living

Question 3

Which indicator is commonly used to compare the level of development of countries?

Accepted Answer

Per capita income

Answer

Land area

Answer

Population density

Answer

Climate

Question 4

Which of the following countries is generally classified as a developed economy?

Accepted Answer

Germany

Answer

Nepal

Answer

Bangladesh

Answer

India

Question 5

A developing economy is more likely to have:

Accepted Answer

Higher dependence on agriculture

Answer

High literacy rates

Answer

Modern infrastructure everywhere

Answer

Very high Human Development Index (HDI)

Question 6

Which statement is TRUE about developed economies?

Accepted Answer

They generally have better healthcare facilities.

Answer

They have low industrialization.

Answer

They depend mainly on primary activities.

Answer

They have low life expectancy.

Question 7

The Human Development Index (HDI) considers:

Accepted Answer

Income, education, and life expectancy

Answer

Population and rainfall

Answer

Inflation and taxation only

Answer

Exports and imports only

Question 8

Which of the following is a major challenge faced by many developing economies?

Accepted Answer

Poverty and unemployment

Answer

Aging population only

Answer

Excessive industrialization

Answer

Shortage of natural resources only

Question 9

Developed economies usually have:

Accepted Answer

Better technological advancement

Answer

Lower literacy rates

Answer

Lower productivity

Answer

Greater dependence on agriculture

Question 10

Which sector contributes the largest share to the GDP of most developed economies?

Accepted Answer

Tertiary (service) sector

Answer

Secondary sector

Answer

Agricultural sector

Answer

Primary sector

Question 11