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

Question

Share Report Error

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

A. Low per capita income

B. Dependence on primary sector

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Red Revolution' in India is associated with:

A. rice

B. wheat

C. sugarcane

D. meat and tomato production

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Red Revolution is associated with meat and tomato production.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of money, 'Near Money' refers to:

A. Gold and silver only

B. Highly liquid assets that can be quickly converted into money

C. Demand deposits only

D. Currency notes and coins

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Near money refers to highly liquid assets such as time deposits, treasury bills and savings bonds that can be easily converted into cash with little loss of value.

This question belongs to: Economy GK Economy Set 1

Question #3

Startup India initiative primarily aims to:

A. increase import duties

B. promote entrepreneurship and innovation

C. regulate stock markets

D. nationalize private companies

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Startup India aims to promote entrepreneurship, innovation and startup growth.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs