Question 1

The Harrod-Domar model is one of the well- known models of growth. Which of the two authors of this model wrote earlier and in which year?

Accepted Answer

A) Domar in 1940 
B) Harrood in 1939 
C) Domar in 1946 
D) Domar in 1948 
A) Domar in 1940 
B) Harrood in 1939 
C) Domar in 1946 
D) Domar in 1948

Question 2

Which sector was emphasised most by Ricardo in the context of economic growth?

Accepted Answer

A) Trade 
B) Industry 
C) Agriculture 
D) Services 
A) Trade 
B) Industry 
C) Agriculture 
D) Services

Question 3

According to the Schumpeter's model, the innovating entrepreneurs get the necessary finance from__________.

Accepted Answer

A) Voluntary Savings 
B) Own Resources 
C) Bank Credit 
D) Government 
A) Voluntary Savings 
B) Own Resources 
C) Bank Credit 
D) Government

Question 4

In which year was the first volume of Das Capital be Karl Marx published?

Accepted Answer

A) 1848 
B) 1859 
C) 1867 
D) 1873 
A) 1848 
B) 1859 
C) 1867 
D) 1873

Question 5

In the context of which region was the 'big push' strategy of development formulated?

Accepted Answer

A) South Asia 
B) South East Asia 
C) Eastern Europe 
D) East Africa 
A) South Asia 
B) South East Asia 
C) Eastern Europe 
D) East Africa

The Harrod-Domar model is one of the well- known models of growth. Which of the two authors of this model wrote earlier and in which year?

Which sector was emphasised most by Ricardo in the context of economic growth?