1.
The term buoyant economy suggests
sufficient production in the agricultural sector.
qualitative increase in the manufacturing sector.
more generation of foreign exchange.
significant improvement in the quality of life of people.
2.
The ultimate aim of socio-economic development is to
improve the standard of living of the people.
enhance the cost of living.
create more job opportunities.
establish more industries.
3.
Social development in Ghana is usually measured by the
quality of life of the people.
population increase in the country.
employment in the security services.
economic growth of the country.
4.
To avoid incurring unmanageable debts, the individual
use loans productively.
contract only soft loans.
take unnecessary loans.
borrow from friends only.
5.
One of the surest ways by which a state can develop is when
the state allows religious sects to operate freely.
citizens do not sit on the fence.
when the military intervenes at will.
leaders operate without the input of the public.
6.
Political independence is fully realized when there is a buoyant economy and
a dominant political party.
deficit balance of payment.
ability to access foreign loans.
sustainable development.
7.
National economic life is made up of three elements namely
agriculture, industry and services.
manufacturing, agriculture and transport.
agriculture, mining and industry.
mining, manufacturing and transport.
8.
The socio-economic well-being of a people is enhanced through
governance.
exchange rate.
development.
periodic elections.
9.
Financial security enables a nation to depend on its own resources for
educational reforms.
development projects
paying workers.
political activities.
10.
People can avoid incurring unmanageable debts by
I. considering the payment plan.
II. considering the bank's interest rate.
III. taking loans from money lenders.
IV. taking loans from suitable banks.
I and II only
III and IV only
I, II and IV only
II, III and IV only
11.
In order to overcome high cost of living in Ghana,
interest on bank loans must be maintained.
the rate of inflation must be allowed to adjust itself.
the population growth should remain at the present rate.
there must be an increase in the production of goods and services.
12.
Ghana's economy is current not buoyant because it is
heavily dependent on export of synthetic products.
heavily dependent on primary products.
highly industrialized.
highly politicized.
13.
The quantitative and qualitative improvement in the standard of living of people in the society is termed
change.
development.
growth.
transformation.
14.
A major development challenge Ghanaians must resolve to address is
inadequate earnings and savings.
inadequate natural resources.
low illiteracy rate.
low productivity in the private sector.
15.
A factor that does not contribute to national development in Ghana is
implementation of priority projects.
importation of good and other needs.
protection of national assets.
regular maintenance culture.
16.
Increase in the general output levels of goods and services over a period of time would lead to
physical development.
political development.
social development.
economic development.
17.
Which of the following is not classified as primary production?
Agriculture
Fishing
Fruit canning
Mining
18.
A common feature of developed countries is that they have
abundant natural resources.
high population growth rate.
highly skilled human resource.
several tertiary institutions.
19.
Ghana has not been able to achieve a buoyant economy because of
high per capital income.
high rate of literacy.
low dependency ratio.
poor saving culture.
20.
The main problem that contributes to the inability of Ghana to attain self-sufficiency in food is
inadequate credit facility.
inconsistent agricultural policies.
poor transport systems.
the land tenure system.
21.
Which of the following decisions should be a priority for social development?
Maintaining squatters for votes
Sacking squatter for personal benefits
Sacking squatters to construct school buildings
Sacking squatters to settle personal scores
22.
A key feature of a buoyant economy is
effective political education.
high rate of industrialization.
high rate of population growth.
quality of tertiary education.
23.
Ghana's effort to attain national economic development is hindered by
low dependency on primary products.
low population growth.
low rate of literacy.
positive attitude to work.
24.
Which of the following sectors is often regarded as the potential engine of growth of Ghana's economy? The
export sector.
private.
public sector.
service sector.
25.
A component of better economic life is
effective financial institutions.
decline in saving habits.
extravagant life styles.
medium level of education.
26.
The improvement in the standard of living of people resulting from change in attitude is
community development.
national development.
self-development
social development.
27.
To overcome the high cost of living in Ghana,
interest on loans from banks must be increased.
production of goods and services must be increased.
the population grow rate must remain at 3%.
inflation rate must be allowed to rise.
28.
One characteristics of a buoyant economy is high
dependency burden.
inflation rate.
level of illiteracy.
standard of living.
29.
The improvement in the standard of living of people in a given area as a result of positive attitudinal change is described as
community development.
national independence.
self-actualization.
social development.
30.
The most appropriate way to increase food production in Ghana is to
award prices to national best farmers.
establish state farms to absorb the unemployment.
make credits and inputs readily available.
recruit more people into the agricultural sector.
31.
The main goal of national development is to
ensure good governance.
create job opportunities.
expand the export base of the country.
raise the standard of living of the people.
32.
A large proportion of the labour force in West Africa is employed in the
industrial sector.
primary sector.
secondary sector.
tertiary sector.
33.
One outstanding feature of a buoyant economy is
borrowing without collateral security.
easy access to foreign loans.
high per capita income.
lending with security
34.
A feature of a buoyant economy is high
dependency burden.
level of productivity.
population growth.
unemployment rate.
35.
Which of the following measures can facilitate socio-economic development in Ghana?
Adopting foreign culture
Encouraging high population growth rate
Formulating long term strategic plans
Promoting traditional farming practices
36.
Teaching, banking and insurance are part of the
Agriculture sector.
Extractive sector.
Industrial sector.
Service sector.
37.
Growth and development in Ghana can be enhanced through
abundant human resource.
abundant natural resource.
improved human resource.
improved natural resource.
38.
Countries industrialize mainly because they want to
encourage individuals to own business.
improve the standard of living of the people.
make the private sector the engine of growth.
seek foreign technical assistance.
39.
National development can be explained as
finding white collar job for the people.
making resources available to the people.
opportunities available to expand the economy of the nation.
progress made to improve the standard and quality of life.
40.
Inadequate supply of fertilizer to farmers can result in
migration of farmers.
poor crop harvest.
poor-harvest losses.
spread of pest.
41.
One factor which is most lacking in Ghana's effort to develop is
democratic governance.
indigenous technology.
natural resource.
skilled personnel.
42.
Achieving marked improvement in the standard of living of people in a country is an indication of
cultural development.
economic development.
economic growth.
social benefit.
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