FINAL EXAMINATION

SOCIAL STUDIES 13

Name: Patrick M. Molao Score:

Subject Teacher: Jay Mark Ducoy Session&Time:

Direction: Encircle the letter of the correct answer. Any forms of erasures are invalid!

1.) According to this study at the beginning it tends to increase for some period, and further it tends to reduce?
a. Capital-output ratio c. Average Capital-output ratio
b. Trends in Capital-Output d. Marginal capital-output ratio

2.) The concept of economic planning attracted the attention of most of developing countries since its first experiment
made by?
a. USA c. Europe
b. China d. Soviet Union

3.) Is a condition where there are insufficient resources to satisfy all the needs and wants of a population?
a. Opportunity Cost c. Shortage
b. Scarcity d. Surplus

4.) The one whose economic decisions are made with great influence form the past?
a. Traditional Economy c. Market Economy
b. Command Economy d. Mixed Economy

5.) They are the final users of the produced goods and services for the satisfaction of their needs and wants.
a. Firmsc. Final Users
b. Producers d. Consumers

6.) It is concerned with the behaviour of economy as a whole and with the overall performance of the entire economy?
a.Microeconomics c. Macroeconomics
b. Positive Economicsd. Normative Economics

7.) It concerns with physical targets with regard to agricultural and industrial production and transportation services?
a. Functional Planning c. Physical Planning
b. Structural Planning d. Financial Planning

8.) A planning where the central authority only fixes the overall targets of production and investment?
a. Democratic Planning c. Command Economy
b. Decentralized Planning d.Planning by inducement

9.) It`s seek to change the economic structure radically, or desire of complete change of the economy?
a. Functional Planning c. Decentralized Planning
b. Structural Planning d. Financial Planning

10.) It attempts to modify or improve the existing structure or repair or rehabilitate it, if it is damaged of disrupted?
a. Functional Planning c. Decentralized Planning
b. Structural Planning d. Financial Planning

11.) A type of planning that takes into consideration regional potentialities?

a. Functional Planning c. National Planning
b. Structural Planning d. Regional Planning

12.) He is considered as the father of macroeconomics?

a. Karl Marx c. Adam Smith
b. Herbert Spencer d. John Maynard Keynes

13.) It implies the use of modern advanced technology and it used as alternative to labour, called?
a. Labour Techniquec.Labour saving technology
b. Capital saving Technogolyd. Capital Technique

14.) It`s something which brought for the enterprise?

a. input c. capital
b. output d. Product

15.) It refers to everything that indicates the relationship between the existing stock of capital investment and the resultant
flow of culture output?
a. Capital-output ratio c. Average Capital-output ratio
b. Input-output ratio d. Marginal capital-output ratio

16.) For solving the problem of unemployment in underdeveloped and developed countries, some economists advise to
use the?
a. Capital-output ratio c. Labour-intensive technique
b. Input-output ratio d. Capital-intensive technique

17.) Is the making of major economic decisions what and how much is to be produced, how, and when?
a. Financial Planning c. Physical Planning
b. Business Planning d. Economic Planning

18.) Economic planning means securing a better balance between demand and supply, according to?
a. Lewis Lorwin c. H.D Dickinson
b. Dr. Dalton d. Herman Levy

19.) A plan for the country as a whole?

a. Regional Planning c. Macroeconomics
b. Structural Planning d. National Planning

20.) Functional planning is evolutionary, Structural Planning is?

a. Rotationaryc. Modification
b. Transformation d. Revolutionary

21.) It implies the allocation of resources in terms of men, material and machinery or natural/human resources?
a. Financial Planning c. Human Planning
b. Decentralized Planning d. Physical Planning

22.) It represents a halfway house between capitalism and socialism?

a. Financial Planningc. PlannigUnder Mixed Economy
b. Decentralized Planning d. Physical Planning

23.) Input is obtained, and output is?

a. Provide c. Produced
b. Consumed d. Bought

24.) Prof Harrod and prof. omar was the first to introduced this technique that analysing business cycles and growth
model developed by themselves?
a. Capital-output ratio c. Labour-intensive technique
b. Input-output ratio d. Capital-intensive technique

25.) It expresses the relationship between the amount of increase in output and income, resulting from a given increase in
stock capital of capital?
a.Capital Intensive c.Marginal Capital output ratio
b. Average Capital Output Ratiod.Labour-intensive

26.) Is a systematic method for collecting analysing, and using information to answer questions?
a. Project evaluation c. Cost-benefit analysis
b. Project appraisal d. Capital-output ratio

27.) Is a systematic approach estimating the strengths and weaknesses of alternatives used?
a. Project evaluation c. Cost-benefit analysis
b. Project appraisal d. Capital-output ratio

28.) It is the first step or stage of doing the project evaluation.

a. Terms of Reference
b. Financial Study
c. Implementation of Project
d. Engineering Study

29.) What sector that owns the factors of production?

a. Household sector
b. Business Sector
c. Firms
d. Public Sector

30.) He was considered as the “Father of Economic Planning”?

a. Adam Smith c. Sir Vishvesvarayya
b. John Maynard Keynes d. None of the Above

Prepared by:
Mr. Jay Mark D. Ducoy