Which of the following is not a characteristic of a developing country? High
Real per capita income
Level of primary production
Population growth rate
Level of illiteracy
Correct answer is A
Common Characteristics of Developing Economies
Examples of joint stock banks are
Commercial banks
Cooperative credit societies
Central banks
Development banks
Correct answer is A
A joint-stock company is a business owned by people called shareholders. Each shareholder owns company stock in proportion to the number of their shares (certificates of ownership). An example of a joint stock company today is a business type that is somewhere between a partnership and a corporation.
Other things being equal, an increase in supply will lead to
A fall in price and an increase in quantity bought and sold
An increase in price and increase in quantity bought and sold
A fall in price and a fall in quantity bought and sold
An increase in quantity supplied and demanded only
Correct answer is A
A change in supply will cause equilibrium price and output to change inopposite directions. a. An increase in supply will cause a reduction in the equilibrium price and an inase in the equilibrium quantity of a good.
Which of the following agencies help to stabilize farmer's income?
Local government authorities
Trade unions
Marketing boards
Cooperative organizations
Correct answer is C
A marketing board is an organization created by many producers to try to market their product and increase consumption and thus prices. It can also be defined as an organization set up by a government to regulate the buying and selling of a certain commodity within a specified area.
A declining population is one in which the population is
Experiencing a high rate of emigration
Made up of large number of old people
Not producing enough goods
Not contributing enough to the national income
Correct answer is A
Emigration; is the act of leaving one's own country to settle permanently in another; moving abroad.
A population decline (or depopulation) in humans is a reduction in a human population caused by events such as long-term demographic trends, as in sub-replacement fertility, urban decay, white flight, or rural flight, or due to violence, disease, or other catastrophes.