Top 80+ Solved Economics of Development MCQ Questions Answer
Q. The basic logic behind the ‘big-push’ strategy of development is related to .
a. Internal economies
b. External economies
c. An optimum combination
d. Both A and B
Q. Under the ‘big-push’ strategy of development, large investments are to be directed towards__________.
a. Agriculture
b. Industry
c. Power
d. Tr
Q. The division of labour, according to Adam Smith, is limited by __________.
a. The extent of the market
b. The quantity of capital available
c. Both (a) and (b)
d. The size of labour force
Q. The 'big-push' strategy of development was first advocated by:
a. Paul N-Rosenstein-Rodan
b. Simon Kuznets
c. W. A. Lewis
d. A. O. Hirshman
Q. Who has given "Big Push Theory"?
a. R. Rodan
b. Jack Hamilton
c. Amritya Sen
d. Dr. Abhishek Mathur
Q. Development with unlimited supplies of labour hypothesis was originally formulated by__________.
a. Gustav Ranis
b. W. A. Lewis
c. R. Nurkse
d. J. Schumpeter
Q. Identify the economist who first advocated a rolling plan for developing countries?
a. J. Robinson
b. N. Kaldor
c. G. Myrdal
d. Paul A. Samuelson
Q. Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?
a. Norwegian
b. Dutch
c. Swedish
d. American
Q. How much population is living below poverty line in India ?
a. Approx 24%
b. Approx 25%
c. Approx 26%
d. Approx 27%
Q. Economic growth measures the?
a. Growth of productivity
b. Increase in nominal income
c. Increase in output
d. None of the above
Q. The basic characteristic of an underdeveloped economy is__________ .
a. Low income and poverty
b. Low productivity
c. Low per capital income
d. High illiteracy level
Q. According to Lewis’s model, the dual economy grows only when __________ .
a. The modern sector increases its output share relative to the traditional sector.
b. Agricultural sector uses modern equipment.
c. Agricultural sector hires labor economically.
d. Modern manufacturing sector is labor- intensive.
Q. The vicious circle theory states that __________ .
a. Growing government assistance creates addiction to welfare programs.
b. Low income levels create pressure for money creation.
c. Low income levels create pressure for cheap imports.
d. Low per capita income creates low savings that keep incomes low.
Q. SEZ India mobile app has been launched in January 2017 by __________.
a. Ministry of Labour and Employment.
b. Ministry of Finance
c. Ministry of Commerce and Industry
d. Ministry of Corporate Affairs