Multi-choice 6 Question 1. Technological dualism means Answers Option 1 Prevalence of different technologies only in the agricultural sector in UDCS Option 2 Use of different production functions in the advanced sector in UDCS Option 3 Use of different production functions in the advanced and traditional sectors in UDCs Option 4 Use of different production functions only in industrial sector in UDCs Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. According to the theory of social dualism, good valued on the basis of- Answers Option 1 Their prestige value Option 2 Value in use Option 3 Value in exchange Option 4 Both value in use and value in exchange Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Financial dualism refers to- Answers Option 1 The existence of short-run and long-run financial markets Option 2 The existence of different interest rates in unorganised money market in UDCS Option 3 The existence of both share market and bond market Option 4 The of different interest rates on the organised and unorganised money and capital markets in LDCs Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Which one of the following is not correct regarding the assumptions of Harrod-Domar model ? Answers Option 1 There is absence of government Option 2 The economy is an open economy Option 3 Initially there is full employment level of income Option 4 There are no lags in adjustment between investment and creation of productive capacity Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Schumpeterian financial dualism refers to- Answers Option 1 the existence of different interest rates on the organised and unorganised money and capital markets in LDCs Option 2 the existence of difference interest rates in unorganised money markets in UDCS Option 3 the existence of different rates of interest in the private money and capital markets Option 4 the existence of both money market and capital market Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. Who is nicknamed as the American Keynes ? Answers Option 1 Hicks Option 2 Marshall Option 3 Marx Option 4 Hansen Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Prof. Hirschman and other economists like him plead for growth- Answers Option 1 Unbalanced Option 2 Industrial Option 3 Agricultural Option 4 Balanced Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The balanced growth theory sees the primary cause of underdevelopment is the- Answers Option 1 Foreign domination Option 2 Small size of the market Option 3 Low level of technology Option 4 Lack of savings Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. The basic rational of the theory of “big push” is based up on the idea of Answers Option 1 Internal economies Option 2 External economies Option 3 Size 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 10. The originator of ‘Big push’ theory was- Answers Option 1 Prof. Arthur Lewis Option 2 PN. Rosenstein Rodan Option 3 Ragnar Nurkse Option 4 Prof, Hirschman Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 6 Question 1. Technological dualism means Answers Option 1 Prevalence of different technologies only in the agricultural sector in UDCS Option 2 Use of different production functions in the advanced sector in UDCS Option 3 Use of different production functions in the advanced and traditional sectors in UDCs Option 4 Use of different production functions only in industrial sector in UDCs Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. According to the theory of social dualism, good valued on the basis of- Answers Option 1 Their prestige value Option 2 Value in use Option 3 Value in exchange Option 4 Both value in use and value in exchange Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Financial dualism refers to- Answers Option 1 The existence of short-run and long-run financial markets Option 2 The existence of different interest rates in unorganised money market in UDCS Option 3 The existence of both share market and bond market Option 4 The of different interest rates on the organised and unorganised money and capital markets in LDCs Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Which one of the following is not correct regarding the assumptions of Harrod-Domar model ? Answers Option 1 There is absence of government Option 2 The economy is an open economy Option 3 Initially there is full employment level of income Option 4 There are no lags in adjustment between investment and creation of productive capacity Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. Schumpeterian financial dualism refers to- Answers Option 1 the existence of different interest rates on the organised and unorganised money and capital markets in LDCs Option 2 the existence of difference interest rates in unorganised money markets in UDCS Option 3 the existence of different rates of interest in the private money and capital markets Option 4 the existence of both money market and capital market Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. Who is nicknamed as the American Keynes ? Answers Option 1 Hicks Option 2 Marshall Option 3 Marx Option 4 Hansen Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. Prof. Hirschman and other economists like him plead for growth- Answers Option 1 Unbalanced Option 2 Industrial Option 3 Agricultural Option 4 Balanced Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. The balanced growth theory sees the primary cause of underdevelopment is the- Answers Option 1 Foreign domination Option 2 Small size of the market Option 3 Low level of technology Option 4 Lack of savings Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. The basic rational of the theory of “big push” is based up on the idea of Answers Option 1 Internal economies Option 2 External economies Option 3 Size 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 10. The originator of ‘Big push’ theory was- Answers Option 1 Prof. Arthur Lewis Option 2 PN. Rosenstein Rodan Option 3 Ragnar Nurkse Option 4 Prof, Hirschman Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
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