# Punjab PSC Exam: Economics MCQs (Practice_Test 119 of 122)

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- Match List with List II and select the correct answer:
List-I List-II - Domar
- Rosenstein-Rodan
- Rostow
- Joan Robinson

- Golden Age
- Big Push
- Stages of growth
- Required rate of growth

- A
- B
- C
- D

- 4
- 2
- 3
- 1

- 2
- 4
- 3
- 1

- 2
- 4
- 1
- 3

- 4
- 2
- 1
- 3

- Match List with List II and select the correct answer:
List-I List-II - Solow
- Hicks
- Harrod

- Neutral technological change, under which, despite the change in output, the capital-lour ratio remains constant
- neutral technological change, under which, the labour output ratio remains constant, so the factor proportions are biased is fabour of saving capital.
- Neutral technological change, under which, the capital output ratio remains constant, so that the factor proportions are biased in favour of saving labour

- A
- B
- C
- D

- 1
- 2
- 1
- 3

- 1
- 2
- 3
- 1

- 3
- 2
- 1
- 1

- 3
- 1
- 2
- 1

- The two-gap theory as applied to development planning refers to
- inflationary gap and investment gap
- savings gap and deflationary gap
- foreign exchange gap
- savings constraint and foreign exchange constraint

- Demographic transition refers to
- migration of population from rural to urban areas
- change in the male/female ratio of the population
- shift from a stable population at high birth and death rates to one of low birth and death rates
- shift from high birth and low death rates to low birth and low death rates

- Which one of the followings is NOT an assumption of the Harrod-Domar model?
- Fixed capital-output ratio
- Variable marginal and average propensity to save
- closed economy
- Capital is the only factor of production

- Which one of the following averages can be computed form a cumulative frequency curve?
- Geometric Mean
- Harmonic Mean
- Mode
- Median

- In case the least value 5 of a set of 10 values of a variable x is changed to 4, then
- both the median and the mode of X will decrease
- the medial will decrease but the mode will remain unchanged
- the median will remain unchanged but the mode will decrease
- neither the median nor the mode will change

- If the standard deviation of a variable x is a s and if Y = a + bX, where a and b are constants, the standard deviations of Y would be
- a + bs
- bas
- bs
- b2 s

- Which one of the following statistical measures is based on all observations?
- Quartile Deviation
- Harmonic Mean
- Range
- Mode

- If prices of all the goods have changed in the same proportion and Laspeyres ′ price index has been found to be 150, the Paasche ′ s price index will be
- 300
- 150
- 175
- 100

- Consider the following measures:
- Correlation coefficient
- covariance
- coefficient of variation
- Index number

Which of these are unit-free?

- 1 and 2
- 2 and 3
- 2 and 4
- 1,3 and 4

- If r is the correlation coefficient between the tow variable then
- 0 < r <
- -< r < 0
- -< r < 1
- 1 < r < 1

- Which one of the following items is NOT included in the current account of India՚s balance of payments?
- short-term commercial borrowings
- Non-monetary god movements
- Investment income
- Transfer payments

- Which one of the following items is NOT included in the ‘invisible’ on current account of the balance of payment of India?
- foreign travel
- Transportation
- Insurance
- Loans from foreign banks

- Match List I with List II and select the correct answer:
List-I List-II - Child labour
- Self-help groups
- small-scale industry
- Trade finance

- DWCRA
- SIDBI
- EXIM Bank
- UNICEF

- A
- B
- C
- D

- 1
- 2
- 3
- 4

- 4
- 1
- 3
- 2

- 4
- 1
- 2
- 3

- 2
- 1
- 3
- 4