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. High rate of capital formation

C. Low per capita income

D. High population growth rate

Answer: Option B

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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The 'overdraft' facility is typically associated with:

A. insurance

B. drawing more than the balance in a current account

C. fixed deposits

D. credit cards

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Correct Answer: Option B

Explanation:
An overdraft allows a customer to draw more than the available balance in a current account.

This question belongs to: Economy GK Economy Set 1

Question #2

A carbon tax is a tax on:

A. renewable energy

B. all imports

C. electricity consumption only

D. emissions of carbon dioxide or carbon content of fuels

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Correct Answer: Option D

Explanation:
A carbon tax is levied on carbon emissions or the carbon content of fossil fuels.

This question belongs to: Economy GK Economy Set 1

Question #3

Government securities are also known as:

A. gilt-edged securities

B. commercial paper

C. certificates of deposit

D. corporate bonds

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Correct Answer: Option A

Explanation:
Government securities are called gilt-edged securities because of low default risk.

This question belongs to: Economy GK Economy Set 1

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