Multi-choice 7 Question 1. Which theory emphasises that underdeveloped countries require large amounts of investment to break the shackles of backwardness and launch up economic development? Answers Option 1 Theory of balanced growths Option 2 Big push theory Option 3 Theory of unbalanced growth 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 2. According to India’s planning commission an underdeveloped country is one which- Answers Option 1 Is characterised by the co-existence of unutilised or underutilised manpower on the one hand and of unexploited natural resources on the other Option 2 Has low per capita real income when compared with the per capita real income of the USA. Canada, Australia and Western Europe Option 3 Has good potential prospects for using more capital or labour, to support its present popula- tion at higher standard of living Option 4 Those which compared to the advanced countries are under-equipped with capital in relation to their population and natural resources Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 3. Which of the following factors helps human capital formation? Answers Option 1 Promotion of education Option 2 Promotion of health services Option 3 Health and adequate diet promotion 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 4. The process of acquiring and increasing the number of persons who have the skills in education and experience which are critical for the economic and the political development of a country is known Answers Option 1 Capital formation Option 2 Human capital formation Option 3 Both of the above 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 5. In Rostow’s theory the ‘Drive to maturity’ Answers Option 1 Follows the take-off Option 2 Comes before the take-off Option 3 Completes the development process Option 4 Starts the development process Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. A country can meet its deficiency of capital through- Answers Option 1 Diversion of savings to productive uses Option 2 Foreign capital Option 3 Internal savings 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. In which period the forces of economic progress expand and come to dominate the society ? Answers Option 1 The preconditions of take-off period Option 2 The drive to maturity period Option 3 The take-off stage Option 4 The high mass consumption stage Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. A backward poor country faces vicious circle in relation to- Answers Option 1 Population growth Option 2 Social backwardness Option 3 Supply of and demand for capital 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 9. Besides poverty, developing economies have many other common characteristics like: Answers Option 1 Percentage of their population engaged in agriculture is generally very high Option 2 Technological dualism prevails Option 3 The capital-labour ratio is low 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. Consider the following statements: According to Nurkse disguised unemployment is a source of capital formation in an underdeveloped economy, if all unproductive workers are- Maintained by productive workers Provided assets through loans Mobilised on works immediately raising productivity. Of the above statements– Answers Option 1 Only III is correct Option 2 II and III are correct Option 3 I and III are correct Option 4 Only I is correct Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 7 Question 1. Which theory emphasises that underdeveloped countries require large amounts of investment to break the shackles of backwardness and launch up economic development? Answers Option 1 Theory of balanced growths Option 2 Big push theory Option 3 Theory of unbalanced growth 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 2. According to India’s planning commission an underdeveloped country is one which- Answers Option 1 Is characterised by the co-existence of unutilised or underutilised manpower on the one hand and of unexploited natural resources on the other Option 2 Has low per capita real income when compared with the per capita real income of the USA. Canada, Australia and Western Europe Option 3 Has good potential prospects for using more capital or labour, to support its present popula- tion at higher standard of living Option 4 Those which compared to the advanced countries are under-equipped with capital in relation to their population and natural resources Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 3. Which of the following factors helps human capital formation? Answers Option 1 Promotion of education Option 2 Promotion of health services Option 3 Health and adequate diet promotion 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 4. The process of acquiring and increasing the number of persons who have the skills in education and experience which are critical for the economic and the political development of a country is known Answers Option 1 Capital formation Option 2 Human capital formation Option 3 Both of the above 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 5. In Rostow’s theory the ‘Drive to maturity’ Answers Option 1 Follows the take-off Option 2 Comes before the take-off Option 3 Completes the development process Option 4 Starts the development process Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. A country can meet its deficiency of capital through- Answers Option 1 Diversion of savings to productive uses Option 2 Foreign capital Option 3 Internal savings 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. In which period the forces of economic progress expand and come to dominate the society ? Answers Option 1 The preconditions of take-off period Option 2 The drive to maturity period Option 3 The take-off stage Option 4 The high mass consumption stage Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. A backward poor country faces vicious circle in relation to- Answers Option 1 Population growth Option 2 Social backwardness Option 3 Supply of and demand for capital 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 9. Besides poverty, developing economies have many other common characteristics like: Answers Option 1 Percentage of their population engaged in agriculture is generally very high Option 2 Technological dualism prevails Option 3 The capital-labour ratio is low 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. Consider the following statements: According to Nurkse disguised unemployment is a source of capital formation in an underdeveloped economy, if all unproductive workers are- Maintained by productive workers Provided assets through loans Mobilised on works immediately raising productivity. Of the above statements– Answers Option 1 Only III is correct Option 2 II and III are correct Option 3 I and III are correct Option 4 Only I is correct Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
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