The major characteristics of an undeveloped nation is?

A. Over-dependence on foreign products
B. Dominance of the industrial sector
C. High per capita income
D. Efficient and sensitive financial sector

Correct Answer:

Option A – Over-dependence on foreign products

Explanation

Characteristics

• Low per Capita Income
• Inequitable Distribution of Wealth and Income
• Predominance of Agriculture
• Deficiency of Capital
• High Rate of Population Growth
• Unemployment and Underemployment
• A Dualistic Economy
• Technical Backwardness
• Dependence on foreign products