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Development Theories and Under Development

Free 107+ Development Theories and Under Development MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Practise below with answers and explanations.

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Development Theories and Under Development — MCQs for Pakistan government job tests

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Development Theories and Under Development

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1.According to Hansen, what are the two main constraints on development today compared to the nineteenth century?

2.Who extended the concepts introduced in The General Theory of Employment, Interest, and Money through the Theory of Economic Maturity?

3.Which of the following statements is incorrectly identified as a flaw in Schumpeter’s theory?

4.How did Schumpeter describe the role of entrepreneurs in economic development?

5.According to Schumpeter, major progress in a country's production happens through irregular jumps and bursts. This concept was:

6.What is the primary shortcoming of the neo-Classical development theory?

7.According to new-classical economists, who gains from economic growth?

8.According to neo-classical economists, how are wages primarily determined?

9.Which of the following is incorrectly identified as a component of Marx's theory of development?

10.Which of the following criticisms directed at the classical development theory is incorrect?

11.The labour theory of value, which was a component of Ricardo's development theory, was: ____________?

12.Who is the author of 'The Principles of Political Economy and Taxation' (1817), a foundational work on classical development theory?

13.How did classical theorists view the process of development?

14.According to Adam Smith, when do wage rates decline to the subsistence level?

15.According to Adam Smith, under what market condition does the division of labor enhance economic development?

16.Which economist viewed saving as an essential prerequisite for economic growth?

17.Why did Adam Smith believe that the division of labor promotes economic growth?

18.Which economist argued that population increases whenever workers' earnings exceed the subsistence threshold?

19.Which classical economist founded development theory on the concept of population growth?

20.According to classical development theory, which factors primarily determine a country's growth?

How to prepare with Development Theories and Under Development MCQs

  • Work through questions topic by topic, then revisit any you answered incorrectly.
  • Read explanations carefully—they often cover facts that repeat across PPSC, FPSC, and NTS papers.
  • Pair subject practice with past papers to see how Development Theories and Under Development appears in real exam conditions.

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