Which of the following is NOT a characteristic of developing countries? MCQ with Answer and Explanation

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Which of the following is NOT a characteristic of developing countries?

A. Dependence on primary sector

B. Low per capita income

C. High rate of capital formation

D. High population growth rate

Answer: Option C

Solution (By JKSSB Mock Tests)

Developing countries typically have low rates of capital formation. High capital formation is a feature of developed economies.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Wholesale Price Index' in India is released by:

A. RBI

B. Labour Bureau

C. Office of Economic Adviser, Ministry of Commerce and Industry

D. NSO

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Correct Answer: Option C

Explanation:
WPI is released by the Office of Economic Adviser.

This question belongs to: Economy GK Economy Set 1

Question #2

Currency depreciation generally makes imports:

A. cheaper

B. unchanged

C. more expensive in domestic currency

D. subsidized

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Correct Answer: Option C

Explanation:
Depreciation makes foreign goods more expensive in domestic currency, reducing import demand.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Investment Facilitation Cell' under Invest India assists:

A. pensioners

B. investors in obtaining approvals

C. stock brokers

D. domestic farmers

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Correct Answer: Option B

Explanation:
Invest India's Investment Facilitation Cell helps investors with approvals and clearances.

This question belongs to: Economy GK Economy Set 1

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