Multi-choice 12 Question 1. Which of the following was/were assumed in the neo classical growth model as propounded by Solow ? A variable savings rate A constant population growth rate A variable capital-output ratio Select the correct answer using the codes given below Codes: Answers Option 1 c and b Option 2 a alone Option 3 b alone Option 4 a and b Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. The rate of growth of national income is equal to National income _ Answers Option 1 Option 2 Option 3 Option 4 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Hick’s neutral technical change implies that- Answers Option 1 the unit isoquant undergoes a parallel shift downwards Option 2 the unit isoquant undergoes a parallel shift upwards Option 3 curvature of the unit isoquant changes 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 4. Capital deepening means- Answers Option 1 using larger amount of labour as compared to capital Option 2 using more of the same type of capital due to increase number of workers Option 3 using more of human capital Option 4 increase in capital per worker in already existing production Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Which one of the following pairs of Economists and doctrines they advocated, is correctly matched ? Answers Option 1 Rosenstein Rodan ↔ stages of economic growth Option 2 A.O. Hirschman ↔ strategy of unbalanced growth Option 3 A.W. Lewis ↔ “Big Push” theory Option 4 W.W. Rostow ↔ Theory of development with unlimited supplies of labour Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. If the marginal productivity of labour in agriculture is zero, then the labour supply curve for industry as assumed by Arthur Lewis will be- Answers Option 1 upward rising Option 2 perfectly in elastic Option 3 perfectly elastic Option 4 backward bending Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Consider the following statements-The Knife-edge problem in the Harrod-Domar growth model implies a constant- rate of population output rate of saving capital-output ratioOf these statements- Answers Option 1 b and c are correct Option 2 a and b are correct Option 3 d alone is correct Option 4 a, c and d are correct Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. In the analysis by Hirschman, the industry with the highest combined linkages turned out to be- Answers Option 1 Food processing Option 2 Textiles Option 3 Iron and Steel Option 4 Cement Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. The utilisation of disguised unemployment as a source of savings potential in underdeveloped countries was suggested by- Answers Option 1 R. Nurkse Option 2 R. Harrod Option 3 P. Baran Option 4 W.W. Rostow Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Match list I (Authors) with list II (concepts) and select the correct answer using the codes given below the lists- List I List II a) Domar 1. Golden Age b) Rosestein Rodan 2. Big-Push c) Rostow 3. Stages of growth d) Joan Robinson 4. Required rate of growth Answers Option 1 a)-2, b)-4, c)-1, d)-3 Option 2 a)-4, b)-2, c)-3, d)-1 Option 3 a)-2, b)-4, c)-3, d)-1 Option 4 a)-1, b)-4, c)-3, d)-2 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev >> Next Click below icons to share… Whatsapp Telegram Facebook Twitter Linkedin
Multi-choice 12 Question 1. Which of the following was/were assumed in the neo classical growth model as propounded by Solow ? A variable savings rate A constant population growth rate A variable capital-output ratio Select the correct answer using the codes given below Codes: Answers Option 1 c and b Option 2 a alone Option 3 b alone Option 4 a and b Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. The rate of growth of national income is equal to National income _ Answers Option 1 Option 2 Option 3 Option 4 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Hick’s neutral technical change implies that- Answers Option 1 the unit isoquant undergoes a parallel shift downwards Option 2 the unit isoquant undergoes a parallel shift upwards Option 3 curvature of the unit isoquant changes 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 4. Capital deepening means- Answers Option 1 using larger amount of labour as compared to capital Option 2 using more of the same type of capital due to increase number of workers Option 3 using more of human capital Option 4 increase in capital per worker in already existing production Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. Which one of the following pairs of Economists and doctrines they advocated, is correctly matched ? Answers Option 1 Rosenstein Rodan ↔ stages of economic growth Option 2 A.O. Hirschman ↔ strategy of unbalanced growth Option 3 A.W. Lewis ↔ “Big Push” theory Option 4 W.W. Rostow ↔ Theory of development with unlimited supplies of labour Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. If the marginal productivity of labour in agriculture is zero, then the labour supply curve for industry as assumed by Arthur Lewis will be- Answers Option 1 upward rising Option 2 perfectly in elastic Option 3 perfectly elastic Option 4 backward bending Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Consider the following statements-The Knife-edge problem in the Harrod-Domar growth model implies a constant- rate of population output rate of saving capital-output ratioOf these statements- Answers Option 1 b and c are correct Option 2 a and b are correct Option 3 d alone is correct Option 4 a, c and d are correct Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. In the analysis by Hirschman, the industry with the highest combined linkages turned out to be- Answers Option 1 Food processing Option 2 Textiles Option 3 Iron and Steel Option 4 Cement Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. The utilisation of disguised unemployment as a source of savings potential in underdeveloped countries was suggested by- Answers Option 1 R. Nurkse Option 2 R. Harrod Option 3 P. Baran Option 4 W.W. Rostow Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Match list I (Authors) with list II (concepts) and select the correct answer using the codes given below the lists- List I List II a) Domar 1. Golden Age b) Rosestein Rodan 2. Big-Push c) Rostow 3. Stages of growth d) Joan Robinson 4. Required rate of growth Answers Option 1 a)-2, b)-4, c)-1, d)-3 Option 2 a)-4, b)-2, c)-3, d)-1 Option 3 a)-2, b)-4, c)-3, d)-1 Option 4 a)-1, b)-4, c)-3, d)-2 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev >> Next Click below icons to share… Whatsapp Telegram Facebook Twitter Linkedin
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