Exam 4: Characteristics, Theories, and Strategies in Economic Development

Those incentives which result in expansion of national income is called

Multiplicity of lending activities, i.e., combining moneylending with other economic activities such as trading is the characteristics of

Which of the following about strategy of balanced growth is right?

Which of the following about strategy of unbalanced growth is right?

Which of the following is not correctly matched?

Those incentives which do not increase national income, but they bring a change in the distribution of income is called

Multiplicity of interest rates at the interest rate varying with the need of the borrower, the amount of loan, the time for which it is needed, and the nature of security is the characteristics of

Lumpinessof capital, especially in the creation of social overhead capital is called

Circular cumulative causation theory is developed by Swedish economist

Utmost secrecy in maintaining accounts and lending procedures is the characteristics of

Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state?

Who distinguishes three kinds of indivisibilities and externalities with a view to specify the areas where big push needs to be applied?

The growth in progressive regions affects the growth in lagging regions through Spread effects and Backwash effects is the analysis put forward by

The coexistence of organised and unorganised money market in the LDCs is called

Balanced growth implies:

Defective system of maintaining accounts at receipts are not issued for interest charged and the principal repaid is the characteristics of

Zero-Sum incentives and Positive Sum incentives are introduced by

Complementarityof demand is called

The theory of Low-Level Equilibrium Trap has been developed by