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

Question 1

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

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Answer 1

unorganised money market

Question 2

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

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Answer 2

unorganised money market

Question 3

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

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Answer 3

unorganised money market

Question 4

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

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Question 5

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

A)financial exclusion
B)financial dualism
C)financial institution
D)financial inclusion

Question 6

Circular cumulative causation theory is developed by Swedish economist

A)gunnar myrdal
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Question 7

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

A)gunnar myrdal
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Question 8

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

A)gunnar myrdal
B)prof. boeke
C)prof. myint
D)r.r. nelson

Question 9

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?

A)nelson
B)harvey leibenstein
C)hirschman
D)rosenstein-rodan

Question 10

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

A)zero-sum incentives
B)positive sum incentives
C)negative incentives
D)none of the above

Question 11

Those incentives which result in expansion of national income is called

A)zero-sum incentives
B)positive sum incentives
C)negative incentives
D)none of the above

Question 12

Zero-Sum incentives and Positive Sum incentives are introduced by

A)nelson
B)harvey leibenstein
C)hirschman
D)rosenstein-rodan

Question 13

Which of the following is not correctly matched?

A)big-push strategy: paul n. rosenstein- rodan
B)balanced growth theory: r. nurkse
C)development with unlimited supplies of labour: a-0. hirschman
D)critical minimum strategy: prof. harvey leibenstein

Question 14

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

A)nelson
B)harvey leibenstein
C)hirschman
D)rosenstein-rodan

Question 15

Balanced growth implies:

A)simultaneous development of a variety of activities, which support one another
B)equal allocation of resources to different sectors
C)different sectors growing at their natural rates of growth
D)uniform rate of growth of output over time

Question 16

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

A)simultaneous investment in all sectors
B)all sectors are independent.
C)both A and B
D)none of the above

Question 17

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

A)deliberate imbalance in favour of some sectors
B)simultaneous investment in all sectors
C)both A and B
D)none of the above

Question 18

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

A)indivisibilities in the production function
B)indivisibility of demand
C)indivisibility of savings
D)indivisibility of investment

Question 19

Complementarityof demand is called

A)indivisibilities in the production function
B)indivisibility of demand
C)indivisibility of savings
D)indivisibility of investment