Multi-choice 13 Question 1. Match List I (Authors) with List II (Theories) and select the correct answer using the codes given below the Lists- List I List II a) Solow 1. Neutral technological change. under which despite the change in output, the capital labour ratio remains constant. b) Hicks 2. Neutral technological change. under which the labour output ratio remains constant, so that the factor proportions are baised in favours of saving capital. c) Harrod 3. Neutral technological change,under which, the capital output ratio remains constant, so that the factor proportions are baised in favour of saving labour. Answers Option 1 a)-2, b)-1, c)-3 Option 2 a)-2, b)-3, c)-1 Option 3 a)-1, b)-2, c)-3 Option 4 a)-3, b)-1, c)-2 Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. The two-gap theory as applied to development planning refers to- Answers Option 1 inflationary gap and investment gap Option 2 saving gap and deflationary gap Option 3 foreign exchange gap Option 4 saving constraint and foreign exchange constraint Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Demographic transition refers to- Answers Option 1 shift from a stable population at high birth and death rates to one of low birth and death rates Option 2 shift from high birth and low death rates to low birth and low death rates Option 3 change in the male/female ratio of the population Option 4 migration of population from rural to urban areas Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Which one of the following is NOT an assumption of the Harrod-Domar model ? Answers Option 1 Capital is the only factor of production Option 2 Closed economy Option 3 Fixed capital-output ratio Option 4 Variable marginal and average propensity to save Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. The concept of unbalanced growth has not been advocated by- Answers Option 1 H. W. Singer Option 2 A. Lewis Option 3 A, O. Hirschman Option 4 C.P. Kindleberger Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The idea of balanced growth is related to the classical- Answers Option 1 idea of full employment equilibrium Option 2 idea of the nature of economic science Option 3 law of markets Option 4 school of thought Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. The difficulties of comparing growth of different countries are- Answers Option 1 Lack of empirical data Option 2 Choice of a common denominator Option 3 Assigning weights to the various items of output 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 8. Investment projects should be capital intensive because they would lead to greater saving and investment in future advocated by- Answers Option 1 H. Leibenstein Option 2 W. Galenson and R. Nurkse Option 3 M. Leibenstein and W. Galenson Option 4 W. Galenson Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. According to Lewis the subsistence sector is that part of the economy which- Answers Option 1 Does not make use of reproducible capital Option 2 Employs labour for wages in mines, factories. plantations for earning profits Option 3 Makes use of reproducible capital 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 10. Myrdal builds his theory of economic development around the idea of- Answers Option 1 Regional inequalities on the national plane Option 2 Regional inequalities on the international plane Option 3 Both of the above Option 4 None of the above Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev >> Next Click below icons to share… Whatsapp Telegram Facebook Twitter Linkedin
Multi-choice 13 Question 1. Match List I (Authors) with List II (Theories) and select the correct answer using the codes given below the Lists- List I List II a) Solow 1. Neutral technological change. under which despite the change in output, the capital labour ratio remains constant. b) Hicks 2. Neutral technological change. under which the labour output ratio remains constant, so that the factor proportions are baised in favours of saving capital. c) Harrod 3. Neutral technological change,under which, the capital output ratio remains constant, so that the factor proportions are baised in favour of saving labour. Answers Option 1 a)-2, b)-1, c)-3 Option 2 a)-2, b)-3, c)-1 Option 3 a)-1, b)-2, c)-3 Option 4 a)-3, b)-1, c)-2 Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. The two-gap theory as applied to development planning refers to- Answers Option 1 inflationary gap and investment gap Option 2 saving gap and deflationary gap Option 3 foreign exchange gap Option 4 saving constraint and foreign exchange constraint Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Demographic transition refers to- Answers Option 1 shift from a stable population at high birth and death rates to one of low birth and death rates Option 2 shift from high birth and low death rates to low birth and low death rates Option 3 change in the male/female ratio of the population Option 4 migration of population from rural to urban areas Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Which one of the following is NOT an assumption of the Harrod-Domar model ? Answers Option 1 Capital is the only factor of production Option 2 Closed economy Option 3 Fixed capital-output ratio Option 4 Variable marginal and average propensity to save Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. The concept of unbalanced growth has not been advocated by- Answers Option 1 H. W. Singer Option 2 A. Lewis Option 3 A, O. Hirschman Option 4 C.P. Kindleberger Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The idea of balanced growth is related to the classical- Answers Option 1 idea of full employment equilibrium Option 2 idea of the nature of economic science Option 3 law of markets Option 4 school of thought Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. The difficulties of comparing growth of different countries are- Answers Option 1 Lack of empirical data Option 2 Choice of a common denominator Option 3 Assigning weights to the various items of output 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 8. Investment projects should be capital intensive because they would lead to greater saving and investment in future advocated by- Answers Option 1 H. Leibenstein Option 2 W. Galenson and R. Nurkse Option 3 M. Leibenstein and W. Galenson Option 4 W. Galenson Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. According to Lewis the subsistence sector is that part of the economy which- Answers Option 1 Does not make use of reproducible capital Option 2 Employs labour for wages in mines, factories. plantations for earning profits Option 3 Makes use of reproducible capital 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 10. Myrdal builds his theory of economic development around the idea of- Answers Option 1 Regional inequalities on the national plane Option 2 Regional inequalities on the international plane Option 3 Both of the above Option 4 None of the above Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev >> Next Click below icons to share… Whatsapp Telegram Facebook Twitter Linkedin
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