26. Economic planning aims at:
a) Achieving economic growth and development goals
b) Reducing unemployment rate
c) Reducing inflation rate
d) Reducing income inequality
27. The term “Foreign Aid” refers to:
a) Financial assistance provided by one country to another country
b) Financial assistance provided by the IMF to member countries
c) Financial assistance provided by the World Bank to member countries
d) Financial assistance provided by the UN to developing countries
28. The term “Informal Sector” refers to:
a) The part of the economy that is not regulated by the government
b) The part of the economy that is regulated by the government
c) The part of the economy that deals with international trade
d) The part of the economy that deals with formal employment
29. The term “Foreign Exchange Reserves” refers to:
a) The foreign currency held by a country’s central bank
b) The domestic currency held by a country’s central bank
c) The foreign currency held by commercial banks in a country
d) The domestic currency held by commercial banks in a country
30. The term “Sustainable Development” refers to:
a) Development that meets the needs of the present without compromising the ability of future generations to meet their own needs
b) Development that focuses only on economic growth
c) Development that focuses only on social welfare
d) Development that focuses only on environmental conservation
