Daily Reading Comprehension Test Instructions
- Read the following passage carefully.
- Answer all five questions.
- Each question carries one mark.
- Time limit: 5 minutes.
- Stay focused and manage your time wisely.
- Remain silent during the test.
- Good luck! Begin the test now.
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Passage
An underdeveloped economy is characterized by low per capita income and a low standard of living for its people. The majority of the population lives below the poverty line. Consequently, people in this economy live in miserable conditions. In most underdeveloped economies, the population growth rate is very high as compared to other economies. Also, because of improved medical facilities, the mortality rate among all sections of society is reduced. As a result, as the population increases, the consumption of limited resources also increases, resulting in less saving of resources and a slower growth rate.
For many underdeveloped economies enriched with large and sufficient resources, most of these resources remain underutilized because of a lack of skilled personnel and technology. Underdeveloped economies suffer from widespread unemployment. Because of various reasons, such as rapid population growth and lack of investment, unemployment prevails in such an economy. Inequality in the distribution of income is prevalent in these economies. As a large part of the national income goes to smaller sections of society, the larger sections of society have to be satisfied with whatever part of income is available to them.
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