Multi-choice 2 Question 1. The vicious circle argument points out the connection between- Answers Option 1 Income and population Option 2 Productivity and income Option 3 Saving and capital Option 4 Investment and technology Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. How can the nation close a saving gap ? Answers Option 1 By reducing its incremental capital Option 2 By reducing domestic consumption Option 3 By obtaining more foreign aid 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 3. Which type of indivisibilities did Rosenstein Rodan distinguishes in his theory of economic development ? Lumpiness of capital, especially in the creation of social overhead capital. Complementarity of demand. Indivisibility of savings Answers Option 1 Only I Option 2 Only II Option 3 I and II Option 4 All the three Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Social marginal productivity theory– Answers Option 1 Is subjective and does not supplant the need for linear programming and input-output analysis Option 2 Accounts for all the interconnections in the economies including externalities Option 3 Overcomes all of the weaknesses of marginal productivity theory Option 4 Is not different from marginal productivity theory Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Which one of the following is not consistent with Rosenstein-Rodan’s theory of ‘big push”? Answers Option 1 It highlights the efficiency of the price system to signal out the desirable direction of investment Option 2 International trade cannot itself obviate the need for ‘big-push’ altogether Option 3 It is concerned with imported market in under- developed countries Option 4 It is primarily a theory of investment Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Galenson and Leibenstein advocate investment projects that are- Answers Option 1 Capital-intensive because they will lead to greater saving and investment in the future Option 2 Labour-intensive because they will stimulate consumer demand Option 3 Capital-intensive because this is the only way the economy can become competitive internationally Option 4 Labour-intensive because they will help the working class Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. The economist who stressed the role of the entrepreneur in development was- Answers Option 1 Schumpeter Option 2 Rosenstein-Rodan Option 3 Nurkse Option 4 Hirschman Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The ‘critical minimum effort’ theory is due to Answers Option 1 Rosenstein-Rodan Option 2 W.A. Lewis Option 3 H. Leibenstein Option 4 JH. Boeke Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. Khan was among the first to include in his model Answers Option 1 The importance of exports for a developing country Option 2 An estimate of the difference between private and social costs and benefits Option 3 The marginal per capita reinvestment quota Option 4 None of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. Developing countries rely on industry Answers Option 1 To grow rapidly Option 2 To train labour and absorb it into high paying jobs Option 3 For reasons of security and national pride Option 4 For all of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback)
Multi-choice 2 Question 1. The vicious circle argument points out the connection between- Answers Option 1 Income and population Option 2 Productivity and income Option 3 Saving and capital Option 4 Investment and technology Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. How can the nation close a saving gap ? Answers Option 1 By reducing its incremental capital Option 2 By reducing domestic consumption Option 3 By obtaining more foreign aid 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 3. Which type of indivisibilities did Rosenstein Rodan distinguishes in his theory of economic development ? Lumpiness of capital, especially in the creation of social overhead capital. Complementarity of demand. Indivisibility of savings Answers Option 1 Only I Option 2 Only II Option 3 I and II Option 4 All the three Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Social marginal productivity theory– Answers Option 1 Is subjective and does not supplant the need for linear programming and input-output analysis Option 2 Accounts for all the interconnections in the economies including externalities Option 3 Overcomes all of the weaknesses of marginal productivity theory Option 4 Is not different from marginal productivity theory Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Which one of the following is not consistent with Rosenstein-Rodan’s theory of ‘big push”? Answers Option 1 It highlights the efficiency of the price system to signal out the desirable direction of investment Option 2 International trade cannot itself obviate the need for ‘big-push’ altogether Option 3 It is concerned with imported market in under- developed countries Option 4 It is primarily a theory of investment Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Galenson and Leibenstein advocate investment projects that are- Answers Option 1 Capital-intensive because they will lead to greater saving and investment in the future Option 2 Labour-intensive because they will stimulate consumer demand Option 3 Capital-intensive because this is the only way the economy can become competitive internationally Option 4 Labour-intensive because they will help the working class Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. The economist who stressed the role of the entrepreneur in development was- Answers Option 1 Schumpeter Option 2 Rosenstein-Rodan Option 3 Nurkse Option 4 Hirschman Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The ‘critical minimum effort’ theory is due to Answers Option 1 Rosenstein-Rodan Option 2 W.A. Lewis Option 3 H. Leibenstein Option 4 JH. Boeke Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. Khan was among the first to include in his model Answers Option 1 The importance of exports for a developing country Option 2 An estimate of the difference between private and social costs and benefits Option 3 The marginal per capita reinvestment quota Option 4 None of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. Developing countries rely on industry Answers Option 1 To grow rapidly Option 2 To train labour and absorb it into high paying jobs Option 3 For reasons of security and national pride Option 4 For all of the above Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback)
Leave a Reply