Multi-choice 10 Question 1. Dualistic economy is one where- Answers Option 1 Indigeneous industries are developed in collaboration with foreign companies Option 2 Agriculture and industrial sectors are equally developed Option 3 Public and private sectors exist side by side Option 4 Modern industrial sector and traditional subsistence sector exist side by side Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Fei-Ranis theory of economic development is based on- Answers Option 1 Balanced growth during the take off process Option 2 Importance of agricultural product in capital accumulation in underdeveloped countries Option 3 Dualistic approach to development Option 4 All of these Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. According to Myrdal, the main cause of regional inequalities in the underdeveloped countries has been- Answers Option 1 Strong back-wash and spread effects Option 2 Strong back-wash and weak spread effects Option 3 Weak back-wash and spread effects Option 4 Weak back-wash effects and strong spread effects Feedback Wrong choice Correct option Wrong choice Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. The technique of input-output analysis has been popularised by- Answers Option 1 W.G. Hoffmann Option 2 Hirschman Option 3 Leontief Option 4 Nurkse Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. According to Solow, the long-run rate of growth on an advanced economy equals Harrod’s- Answers Option 1 Natural rate of growth Option 2 Warranted rate of growth Option 3 Actual rate of growth Option 4 None of the above Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. In terms of Harrod-Domar growth model, for achieving a postulated rate of growth an economy requires- Answers Option 1 Increase in the investment ratio Option 2 Reducing the capital-output ratio Option 3 Restricting the growth of population Option 4 All of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 7. Harrod-Domar model of economic development presupposes-in the economy- Answers Option 1 Full employment Option 2 Unemployment Option 3 High level of consumption Option 4 Low level of consumption Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Who believed that the people in less developed countries are not economically motivated towards work and does not respond to normal monetary incentive ? Answers Option 1 R. Nurkse Option 2 D. Ricardo Option 3 A. Marshall Option 4 J.H. Boeke Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. With economic growth there is- Answers Option 1 A shift away from agriculture Option 2 A shift away from manufacturing Option 3 A shift in favour of agriculture Option 4 A shift away from services Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Despite being a high saving economy, a developing country may still NOT grow fast primarily due to- Answers Option 1 week administrative machinery Option 2 illiteracy Option 3 high capital-output ratio Option 4 high population density Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 10 Question 1. Dualistic economy is one where- Answers Option 1 Indigeneous industries are developed in collaboration with foreign companies Option 2 Agriculture and industrial sectors are equally developed Option 3 Public and private sectors exist side by side Option 4 Modern industrial sector and traditional subsistence sector exist side by side Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Fei-Ranis theory of economic development is based on- Answers Option 1 Balanced growth during the take off process Option 2 Importance of agricultural product in capital accumulation in underdeveloped countries Option 3 Dualistic approach to development Option 4 All of these Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. According to Myrdal, the main cause of regional inequalities in the underdeveloped countries has been- Answers Option 1 Strong back-wash and spread effects Option 2 Strong back-wash and weak spread effects Option 3 Weak back-wash and spread effects Option 4 Weak back-wash effects and strong spread effects Feedback Wrong choice Correct option Wrong choice Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. The technique of input-output analysis has been popularised by- Answers Option 1 W.G. Hoffmann Option 2 Hirschman Option 3 Leontief Option 4 Nurkse Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. According to Solow, the long-run rate of growth on an advanced economy equals Harrod’s- Answers Option 1 Natural rate of growth Option 2 Warranted rate of growth Option 3 Actual rate of growth Option 4 None of the above Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. In terms of Harrod-Domar growth model, for achieving a postulated rate of growth an economy requires- Answers Option 1 Increase in the investment ratio Option 2 Reducing the capital-output ratio Option 3 Restricting the growth of population Option 4 All of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 7. Harrod-Domar model of economic development presupposes-in the economy- Answers Option 1 Full employment Option 2 Unemployment Option 3 High level of consumption Option 4 Low level of consumption Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Who believed that the people in less developed countries are not economically motivated towards work and does not respond to normal monetary incentive ? Answers Option 1 R. Nurkse Option 2 D. Ricardo Option 3 A. Marshall Option 4 J.H. Boeke Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. With economic growth there is- Answers Option 1 A shift away from agriculture Option 2 A shift away from manufacturing Option 3 A shift in favour of agriculture Option 4 A shift away from services Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Despite being a high saving economy, a developing country may still NOT grow fast primarily due to- Answers Option 1 week administrative machinery Option 2 illiteracy Option 3 high capital-output ratio Option 4 high population density Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
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