AKUEB Solved MCQs, CRQs & ERQs (Grade 10th)


Chapter # 6 Economic Development – MCQs


A couple living in a country of Asia is moving to a new country in Africa. They have packed their furniture and other household items and want to take it with them to the new country.
The BEST mode of transportation for them would be the
A) Roadways because they are easily accessible at all times.
B) Railways because they can carry people as well as heavy items.
C) Airways because the items would be with them and will not get lost.
D) Waterways because heavy items can easily be moved between continents.
Correct answer: D. Waterways because heavy items can easily be moved between continents.
Explanation: Waterways, such as shipping by sea, are the most suitable mode of transportation for moving large and heavy items, including furniture and household goods, between continents. Shipping via sea routes allows for the efficient transportation of bulky items over long distances at a relatively lower cost compared to other modes of transportation like air freight. Additionally, sea transportation provides the capacity to accommodate large volumes of cargo, making it ideal for transporting household belongings in bulk. Therefore, Option D, waterways, is the most appropriate choice for the couple’s relocation from Asia to Africa.

Small scale industries lack standardization due to which they do not meet the criteria of foreign markets.
To meet the standards of export goods, small scale industries should take all the following.
Steps EXCEPT
A) Appointing skilled workers.
B) Buying good quality raw materials.
C) Working under the supervision of large-scale industries.
D) Creating check and balance system for quality assurance.
Correct Answer: C) working under the supervision of large-scale industries.
Explanation: While the other options listed—appointing skilled workers, buying good quality raw materials, and creating a check and balance system for quality assurance—are essential steps for small scale industries to meet the standards of export goods, working under the supervision of large-scale industries is not necessary. Small scale industries can achieve standardization and meet the criteria of foreign markets by implementing quality control measures internally, without the direct supervision of larger industries. Therefore, Option C is the correct answer.

Asifa had to transport some costly and fragile goods to a trader of Country X via airways.
The BEST benefit that can be reaped by Asifa would be that.
A) Less amount of toll tax will be paid.
B) There will be minimum paperwork required.
C) The goods will safely reach the destination on time.
D) There would be no need to track the goods’ movement.
Correct Answer: C) the goods will safely reach the destination on time.
Explanation: Transporting goods via airways offers the advantage of fast and secure delivery. Air transportation is known for its reliability and efficiency in delivering goods, especially valuable and fragile items, to their destinations quickly and safely. By choosing air transportation, Asifa can ensure that the goods reach the trader in Country X in a timely manner and with minimal risk of damage or loss during transit. Therefore, Option C, the goods will safely reach the destination on time, is the most beneficial aspect for Asifa in this scenario.

Ahsan lives in a country where poor and middle-class people cannot operate their own businesses as the higher authorities support the elite business class only.
In the given situation, the BASIC reason due to which the poor and middle-class people are suffering is the lack of
A) Equal opportunities.
B) Educational planning.
C) Proper law and order situation.
D) Implementing political policies.
Correct Answer: A) equal opportunities.
Explanation: The scenario describes a situation where the poor and middle-class people are unable to operate their own businesses due to support favoring the elite business class. This suggests a lack of equal opportunities, where certain segments of society are disadvantaged in accessing resources and opportunities compared to others. When there is inequality in opportunities, it becomes challenging for individuals from less privileged backgrounds to compete on a level playing field and establish their businesses or improve their socio-economic status. Therefore, Option A, equal opportunities, is the most fundamental factor contributing to the suffering of the poor and middle-class people in this scenario.

The concept of trade can be described as
A) People being employed for the right job.
B) Services provided in exchange of cash.
C) The value obtained from export goods.
D) Setting up standards of export goods.
Correct Answer: B) services provided in exchange of cash.
Explanation: Trade involves the exchange of goods or services between parties, typically in exchange for money or other goods and services. Option B, “services provided in exchange of cash,” accurately captures the essence of trade, where transactions occur involving the buying and selling of goods or services in return for monetary compensation. While the other options may relate to various aspects of employment, value from export goods, or setting standards, they do not encompass the broader concept of trade as the exchange of goods or services for compensation. Therefore, Option B is the most appropriate description of trade.

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