Question 1

According to the supply side of the vicious circle theory of development a country is poor because .

Accepted Answer

A) Technology levels do not allow for self sufficiency 
B) It was previously too poor to save and invest 
C) Underemployment is too widespread 
D) Resource allocation is poor 
A) Technology levels do not allow for self sufficiency 
B) It was previously too poor to save and invest 
C) Underemployment is too widespread 
D) Resource allocation is poor B

Question 2

The concept of economic growth is __________.

Accepted Answer

A) Identical with the concept of economic development 
B) Narrower than the concept of economic development 
C) Wider as compared to that of economic development 
D) Unrelated to the concept of economic development 
A) Identical with the concept of economic development 
B) Narrower than the concept of economic development 
C) Wider as compared to that of economic development 
D) Unrelated to the concept of economic development B

Question 3

The vicious circle theory states that __________ .

Accepted Answer

A) Growing government assistance creates addiction to welfare programs. 
B) Low income levels create pressure for money creation. 
C) Low income levels create pressure for cheap imports. 
D) Low per capita income creates low savings that keep incomes low. 
A) Growing government assistance creates addiction to welfare programs. 
B) Low income levels create pressure for money creation. 
C) Low income levels create pressure for cheap imports. 
D) Low per capita income creates low savings that keep incomes low. D

Question 4

For Rosentein Rodan a major indivisibility is in __________.

Accepted Answer

A) Supply 
B) Infrastructure 
C) Agriculture 
D) Services 
A) Supply 
B) Infrastructure 
C) Agriculture 
D) Services

Question 5

Identify the economist who first advocated a rolling plan for developing countries?

Accepted Answer

A) J. Robinson 
B) N. Kaldor 
C) G. Myrdal 
D) Paul A. Samuelson 
A) J. Robinson 
B) N. Kaldor 
C) G. Myrdal 
D) Paul A. Samuelson

Question 6

Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?

Accepted Answer

A) Norwegian 
B) Dutch 
C) Swedish 
D) American 
A) Norwegian 
B) Dutch 
C) Swedish 
D) American

Question 7

The rate of growth of an economy mainly depends upon:

Accepted Answer

A) The rate of growth of the labour force 
B) The proportion of national income saved and invested 
C) The rate of technological improvements 
D) All of the above 
A) The rate of growth of the labour force 
B) The proportion of national income saved and invested 
C) The rate of technological improvements 
D) All of the above

Question 8

We can increase rate of economic growth in India if we increase:

Accepted Answer

A) Taxes 
B) Imports 
C) Investment 
D) Population 
A) Taxes 
B) Imports 
C) Investment 
D) Population

Question 9

Economic growth measures the?

Accepted Answer

A) Growth of productivity 
B) Increase in nominal income 
C) Increase in output 
D) None of the above 
A) Growth of productivity 
B) Increase in nominal income 
C) Increase in output 
D) None of the above

Question 10

By growth rate of an economy can be speeded up.

Accepted Answer

A) Investment in share market 
B) Investment abroad 
C) Investment in human capital formation 
D) Investment in primary sector 
A) Investment in share market 
B) Investment abroad 
C) Investment in human capital formation 
D) Investment in primary sector

Question 11

The golden-rule saving rate is the rate of saving that __________.

Accepted Answer

A) Gets the highest rate of interest 
B) Maximises the level of long-run investment 
C) Maximises the level of long-run consumption 
D) Maximises human capital 
A) Gets the highest rate of interest 
B) Maximises the level of long-run investment 
C) Maximises the level of long-run consumption 
D) Maximises human capital

Question 12

The synchronized application of capital to a wide range of different industries is called __________ by its advocates.

Accepted Answer

A) Balanced growth 
B) Capitalization 
C) Elasticity of capital 
D) Indivisibilities 
A) Balanced growth 
B) Capitalization 
C) Elasticity of capital 
D) Indivisibilities

Question 13

According to Lewis's model, the dual economy grows only when __________ .

Accepted Answer

A) The modern sector increases its output share relative to the traditional sector. 
B) Agricultural sector uses modern equipment. 
C) Agricultural sector hires labor economically. 
D) Modern manufacturing sector is labor- intensive. 
A) The modern sector increases its output share relative to the traditional sector. 
B) Agricultural sector uses modern equipment. 
C) Agricultural sector hires labor economically. 
D) Modern manufacturing sector is labor- intensive.

Question 14

The basic characteristic of an underdeveloped economy is__________ .

Accepted Answer

A) Low income and poverty 
B) Low productivity 
C) Low per capital income 
D) High illiteracy level 
A) Low income and poverty 
B) Low productivity 
C) Low per capital income 
D) High illiteracy level

Question 15

Which among the following is First Indian Special Economic Zone (SEZ)?

Accepted Answer

A) Visakhapatnam SEZ 
B) Kandla SEZ 
C) Noida Special Economic Zone 
D) Cochin 
A) Visakhapatnam SEZ 
B) Kandla SEZ 
C) Noida Special Economic Zone 
D) Cochin

Question 16

To achieve full economic growth, Malthus laid special emphasis on the proper combination of__________.

Accepted Answer

A) Production and distribution 
B) Natural resources and capital 
C) Labour and technology 
D) Production and trade 
A) Production and distribution 
B) Natural resources and capital 
C) Labour and technology 
D) Production and trade

Question 17

Economic growth is important because __________.

Accepted Answer

A) People want less crime 
B) People want be happier 
C) People want a better environment 
D) People want higher incomes and more consumer goods. 
A) People want less crime 
B) People want be happier 
C) People want a better environment 
D) People want higher incomes and more consumer goods.

Question 18

According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:

Accepted Answer

A) Lack of savings 
B) Size of the market 
C) Lack of investment opportunities 
D) Low productivity of labour 
A) Lack of savings 
B) Size of the market 
C) Lack of investment opportunities 
D) Low productivity of labour

Question 19

When an economy produces more output per capital the economy is said to be having:

Accepted Answer

A) Inflation 
B) Economic growth 
C) Economic planning 
D) Living standard 
A) Inflation 
B) Economic growth 
C) Economic planning 
D) Living standard

Question 20

Backward and forward linkage are relevant for which kind of growth strategy?

Accepted Answer

A) Unbalanced growth 
B) Trickle down growth 
C) Balanced growth 
D) Equilibrium growth 
A) Unbalanced growth 
B) Trickle down growth 
C) Balanced growth 
D) Equilibrium growth

According to the supply side of the vicious circle theory of development a country is poor because .

The concept of economic growth is __________.

The vicious circle theory states that __________ .

For Rosentein Rodan a major indivisibility is in __________.

Identify the economist who first advocated a rolling plan for developing countries?

Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?

The rate of growth of an economy mainly depends upon:

We can increase rate of economic growth in India if we increase:

Economic growth measures the?

By growth rate of an economy can be speeded up.

The golden-rule saving rate is the rate of saving that __________.

The synchronized application of capital to a wide range of different industries is called __________ by its advocates.

According to Lewis's model, the dual economy grows only when __________ .

The basic characteristic of an underdeveloped economy is__________ .

Which among the following is First Indian Special Economic Zone (SEZ)?

To achieve full economic growth, Malthus laid special emphasis on the proper combination of__________.

Economic growth is important because __________.

According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:

When an economy produces more output per capital the economy is said to be having:

Backward and forward linkage are relevant for which kind of growth strategy?

Economic Growth and Development Theory: Part A

Economic Growth and Development Theory: Part B

Human Capital Development and Economic Growth in India

Filters

Exam 3: Economics and Development

According to the supply side of the vicious circle theory of development a country is poor because .

The concept of economic growth is __________.

The vicious circle theory states that __________ .

For Rosentein Rodan a major indivisibility is in __________.

Identify the economist who first advocated a rolling plan for developing countries?

Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?

The rate of growth of an economy mainly depends upon:

We can increase rate of economic growth in India if we increase:

Economic growth measures the?

By growth rate of an economy can be speeded up.

The golden-rule saving rate is the rate of saving that __________.

The synchronized application of capital to a wide range of different industries is called __________ by its advocates.

According to Lewis's model, the dual economy grows only when __________ .

The basic characteristic of an underdeveloped economy is__________ .

Which among the following is First Indian Special Economic Zone (SEZ)?

To achieve full economic growth, Malthus laid special emphasis on the proper combination of__________.

Economic growth is important because __________.

According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:

When an economy produces more output per capital the economy is said to be having:

Backward and forward linkage are relevant for which kind of growth strategy?

Economic Growth and Development Theory: Part A

Economic Growth and Development Theory: Part B

Human Capital Development and Economic Growth in India

Filters