Multi-choice 5 Question 1. A country’s rate of growth is determined by- Answers Option 1 The average propensity to save Option 2 The marginal propensity to save and capital-output ratio Option 3 The interaction of supply and demand Option 4 The law of comparative costs Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Economic development can be defined simply as- Answers Option 1 An increase in real per capita income over an extended period of time Option 2 National income keeping up with population increases Option 3 Increase in the real investment over many years Option 4 An increase in the national income from one year to another Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. The economy will face depression if the- Answers Option 1 The actual rate of growth is higher than the natural rate of growth Option 2 Actual rate of growth is higher than the warranted rate of growth Option 3 Natural rate of growth is higher than warranted rate of growth Option 4 Warranted rate of growth is higher than the natural rate of growth Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Economic development may be defined as a process whereby the real per capita income of a country increases Answers Option 1 Subject to the condition that the number below an absolute poverty line does not increase Option 2 Over a long period of time Option 3 Subject to the condition that the distribution of income does not become more unequal 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 5. Capital-output ratio- Answers Option 1 Is an active agent of growth Option 2 Is one of the important determinants of growth Option 3 Is not at all relevant for growth Option 4 Is the most important determinant of growth rate Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The important feature of modern economic growth has been- Answers Option 1 Increasing use of modern scientific Knowledge Option 2 Increased productivity per unit of labour Input Option 3 Substantial rise in product per capita 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. A country’s rate of growth is determined by- Answers Option 1 The interaction of supply and demand Option 2 The rate of capital accumulation Option 3 The law of comparative costs Option 4 The average propensity to save Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Joan Robinson’s growth model deals with- Desired growth rate Possible growth rate III. Natural growth rate Warranted growth rate Answers Option 1 I, and IV Option 2 I, II, and IV Option 3 II and III Option 4 I and II Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. ‘Trickle-down’ strategy implies- Answers Option 1 Reduction in the income of the upper class by deliberate distribution Option 2 Higher GNP taking care of poverty Option 3 Direct achievement of better nourishment. Option 4 None of the above Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Social dualism implies- Answers Option 1 Fatalism. resignation and superstition traditional societies, adventure and rationality in the small western sector Option 2 Low wages in eastern and high wages in western countries Option 3 Existence of an advanced imported western system and indigenous precapitalist agricultural system 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)
Multi-choice 5 Question 1. A country’s rate of growth is determined by- Answers Option 1 The average propensity to save Option 2 The marginal propensity to save and capital-output ratio Option 3 The interaction of supply and demand Option 4 The law of comparative costs Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Economic development can be defined simply as- Answers Option 1 An increase in real per capita income over an extended period of time Option 2 National income keeping up with population increases Option 3 Increase in the real investment over many years Option 4 An increase in the national income from one year to another Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. The economy will face depression if the- Answers Option 1 The actual rate of growth is higher than the natural rate of growth Option 2 Actual rate of growth is higher than the warranted rate of growth Option 3 Natural rate of growth is higher than warranted rate of growth Option 4 Warranted rate of growth is higher than the natural rate of growth Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Economic development may be defined as a process whereby the real per capita income of a country increases Answers Option 1 Subject to the condition that the number below an absolute poverty line does not increase Option 2 Over a long period of time Option 3 Subject to the condition that the distribution of income does not become more unequal 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 5. Capital-output ratio- Answers Option 1 Is an active agent of growth Option 2 Is one of the important determinants of growth Option 3 Is not at all relevant for growth Option 4 Is the most important determinant of growth rate Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. The important feature of modern economic growth has been- Answers Option 1 Increasing use of modern scientific Knowledge Option 2 Increased productivity per unit of labour Input Option 3 Substantial rise in product per capita 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. A country’s rate of growth is determined by- Answers Option 1 The interaction of supply and demand Option 2 The rate of capital accumulation Option 3 The law of comparative costs Option 4 The average propensity to save Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Joan Robinson’s growth model deals with- Desired growth rate Possible growth rate III. Natural growth rate Warranted growth rate Answers Option 1 I, and IV Option 2 I, II, and IV Option 3 II and III Option 4 I and II Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. ‘Trickle-down’ strategy implies- Answers Option 1 Reduction in the income of the upper class by deliberate distribution Option 2 Higher GNP taking care of poverty Option 3 Direct achievement of better nourishment. Option 4 None of the above Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Social dualism implies- Answers Option 1 Fatalism. resignation and superstition traditional societies, adventure and rationality in the small western sector Option 2 Low wages in eastern and high wages in western countries Option 3 Existence of an advanced imported western system and indigenous precapitalist agricultural system 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)
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