Multi-choice 9 Question 1. The criticism of the balanced growth theory is mainly based on the considerations of- Answers Option 1 Market-size Option 2 External economies Option 3 Large population Option 4 Scarcity of resources Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Unbalanced growth hypothesis is formulated on the assumption that- Answers Option 1 There are unlimited supplies of labour and capital Option 2 Underdeveloped countries impose ceiling on their rates of growth Option 3 Expansion takes place simultaneously on several routes Option 4 Supplies of capital and labour are fixed Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Balanced growth, which is associated with Nurkse and Rosentein Rodan, means- Answers Option 1 Different fields of growth at a natural rate Option 2 Different parts of the economic growth in harmonious manner Option 3 Equal increase in resources allocated Option 4 Equal percentage growth in output Feedback Wrong choice Correct option Wrong choice Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Who of the following supported the theory of balanced growth ? Answers Option 1 W.G. Hoffmann Option 2 Hirschman Option 3 Ragnar Nurkse Option 4 Hans Singer Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Who has suggested that economic development of developing countries can be accelerated by weakening the ‘back wash effects’ and strengthening the “Spread effects” ? Answers Option 1 J.H. Boeke Option 2 J. Robinson Option 3 N. Kaldor Option 4 G. Myrdal Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. If the capital-output ratio is 3 per cent, the savings rate 5 per cent and the economy is growing at 4 per cent in simple terms and 1.5 per cent in per capita terms, what is the percentage of the rate of population growth ? Answers Option 1 4.5 Option 2 1.5 Option 3 2.5 Option 4 3.5 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Lewis means by an unlimited supply of labour- Answers Option 1 The supply of labour at the subsistence wage is greater than the demand for labour Option 2 The economy adopts only labour intensive techniques of production Option 3 Infinite labour is available at whatever wage determined by the market 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 8. Which one of the following is not an assumption of Neoclassical’s Growth theory ? Answers Option 1 Full employment in the economy Option 2 Perfect competition in commodity and factor markets Option 3 Factor payment equal their marginal revenue productivity Option 4 A capital-output ratio Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. Foreign aid is needed to- Answers Option 1 Supplement the domestic savings of developing nations Option 2 Assure the capital imports needed for development Option 3 Prevent the absolute gap between rich and poor nations from widening further 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. “Underdeveloped countries are the slums of the world economy” is the statement given by- Answers Option 1 Arthuer Lewis Option 2 David Ricardo Option 3 Cairncross Option 4 G. Myrdal Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 9 Question 1. The criticism of the balanced growth theory is mainly based on the considerations of- Answers Option 1 Market-size Option 2 External economies Option 3 Large population Option 4 Scarcity of resources Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 2. Unbalanced growth hypothesis is formulated on the assumption that- Answers Option 1 There are unlimited supplies of labour and capital Option 2 Underdeveloped countries impose ceiling on their rates of growth Option 3 Expansion takes place simultaneously on several routes Option 4 Supplies of capital and labour are fixed Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Balanced growth, which is associated with Nurkse and Rosentein Rodan, means- Answers Option 1 Different fields of growth at a natural rate Option 2 Different parts of the economic growth in harmonious manner Option 3 Equal increase in resources allocated Option 4 Equal percentage growth in output Feedback Wrong choice Correct option Wrong choice Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Who of the following supported the theory of balanced growth ? Answers Option 1 W.G. Hoffmann Option 2 Hirschman Option 3 Ragnar Nurkse Option 4 Hans Singer Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Who has suggested that economic development of developing countries can be accelerated by weakening the ‘back wash effects’ and strengthening the “Spread effects” ? Answers Option 1 J.H. Boeke Option 2 J. Robinson Option 3 N. Kaldor Option 4 G. Myrdal Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. If the capital-output ratio is 3 per cent, the savings rate 5 per cent and the economy is growing at 4 per cent in simple terms and 1.5 per cent in per capita terms, what is the percentage of the rate of population growth ? Answers Option 1 4.5 Option 2 1.5 Option 3 2.5 Option 4 3.5 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Lewis means by an unlimited supply of labour- Answers Option 1 The supply of labour at the subsistence wage is greater than the demand for labour Option 2 The economy adopts only labour intensive techniques of production Option 3 Infinite labour is available at whatever wage determined by the market 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 8. Which one of the following is not an assumption of Neoclassical’s Growth theory ? Answers Option 1 Full employment in the economy Option 2 Perfect competition in commodity and factor markets Option 3 Factor payment equal their marginal revenue productivity Option 4 A capital-output ratio Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. Foreign aid is needed to- Answers Option 1 Supplement the domestic savings of developing nations Option 2 Assure the capital imports needed for development Option 3 Prevent the absolute gap between rich and poor nations from widening further 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. “Underdeveloped countries are the slums of the world economy” is the statement given by- Answers Option 1 Arthuer Lewis Option 2 David Ricardo Option 3 Cairncross Option 4 G. Myrdal Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
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