Top 80+ Solved Economics of Development MCQ Questions Answer
Q. Economic development refers to __________.
a. Economic growth.
b. Economic growth plus changes in output distribution and economic structure.
c. Improvement in the well-being of the urban population.
d. Sustainable increases in Gross National Product.
Q. Economic development means__________.
a. Economic growth.
b. Economic growth plus structural and qualitative changes.
c. Improvement in the living standard of the urban population.
d. Sustainable increases in Gross National Product (GDP).
Q. In the Ricardian scheme of things, savings are provided by .
a. Labourers
b. Capitalists
c. Landlords
d. Both B and C
Q. Which one of the following statements is not in tune with the Ricardian theory of growth?
a. Rent tends to rise
b. Money wages tend to rise
c. Profits tend to fall
d. Profits tend to rise
Q. Which one of the following is not an assumption of the Ricardian theory?
a. Rising real wages
b. Fixity of land
c. Operation of the law of diminishing returns
d. Perfect competition
Q. In the Ricardian system, a crucial role in development was assigned to .
a. Specialisation
b. Technological changes
c. Profits
d. Government
Q. Which of the following models uses three distinct concepts of stages of growth?
a. Ramsey model
b. Harrod model
c. Domar model
d. Lewis model
Q. The classical theory of economic development is of relevance for the less developedcountries today because it lays emphasis on .
a. Need for favourable institutional and social initiatives
b. Extension of markets
c. Capital accumulation
d. All of the above
Q. Which growth model inspired the use of capital-output ratio for development planning?
a. the Harrod-Domar model
b. Solow's mode
c. Kaldor's model
d. Feldman's model
Q. Which of the following models makes the assumption of constant saving-income ratio?
a. Kaldor model
b. Leontief model
c. Harrod-Domar model
d. Joan Robinson model
Q. The Harrod-Domar model is one of the well- known models of growth. Which of the twoauthors of this model wrote earlier and in which year?
a. Domar in 1940
b. Harrood in 1939
c. Domar in 1946
d. Domar in 1948
Q. The concept of economic growth is __________ .
a. Identical with the concept of economic development
b. Narrower than the concept of economic development
c. W ider as compared to that of economic development
d. Unrelated to the concept of economic development
Q. Economic growth in India will happen necessarily if there is .
a. Population growth
b. Capital formation
c. Technical progress in the global economy
d. All the above