Top 80+ Solved Growth and Development MCQ Questions Answer
Q. Multiplicity of lending activities, i.e., combining moneylending with other economicactivities such as trading is the characteristics of
a. organised money market
b. unorganised money market
c. organised capital market
d. un organised capital market
Q. Multiplicity of interest rates at the interest rate varying with the need of the borrower, theamount of loan, the time for which it is needed, and the nature of security is the characteristics of
a. organised money market
b. unorganised money market
c. organised capital market
d. un organised capital market
Q. Defective system of maintaining accounts at receipts are not issued for interest chargedand the principal repaid is the characteristics of
a. organised money market
b. unorganised money market
c. organised capital market
d. un organised capital market
Q. Utmost secrecy in maintaining accounts and lending procedures is the characteristics of
a. organised money market
b. unorganised money market
c. organised capital market
d. un organised capital market
Q. The coexistence of organised and unorganised money market in the LDCs is called
a. financial exclusion
b. financial dualism
c. financial institution
d. financial inclusion
Q. Circular cumulative causation theory is developed by Swedish economist
a. gunnar myrdal
b. prof. boeke
c. prof. myint
d. a.o. hirshman
Q. The growth in progressive regions affects the growth in lagging regions through Spreadeffects and Backwash effects is the analysis put forward by
a. gunnar myrdal
b. prof. boeke
c. prof. myint
d. a.o. hirshman
Q. The theory of Low-Level Equilibrium Trap has been developed by
a. gunnar myrdal
b. prof. boeke
c. prof. myint
d. r.r. nelson
Q. Who put forward the view that UDCs are characterized by vicious circle of poverty whichkeeps them around a low-income per capita equilibrium state?
a. nelson
b. harvey leibenstein
c. hirschman
d. rosenstein-rodan
Q. Those incentives which do not increase national income, but they bring a change in thedistribution of income is called
a. zero-sum incentives
b. positive sum incentives
c. negative incentives
d. none of the above
Q. Those incentives which result in expansion of national income is called
a. zero-sum incentives
b. positive sum incentives
c. negative incentives
d. none of the above
Q. Zero-Sum incentives and Positive Sum incentives are introduced by
a. nelson
b. harvey leibenstein
c. hirschman
d. rosenstein-rodan
Q. Which of the following is not correctly matched?
a. big-push strategy: paul n. rosenstein- rodan
b. balanced growth theory: r. nurkse
c. development with unlimited supplies of labour: a-0. hirschman
d. critical minimum strategy: prof. harvey leibenstein
Q. Who distinguishes three kinds of indivisibilities and externalities with a view to specifythe areas where big push needs to be applied?
a. nelson
b. harvey leibenstein
c. hirschman
d. rosenstein-rodan
Q. Balanced growth implies:
a. simultaneous development of a variety of activities, which support one another
b. equal allocation of resources to different sectors
c. different sectors growing at their natural rates of growth
d. uniform rate of growth of output over time