McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 51. |
Development with unlimited supplies of labour hypothesis was originally formulated by __________. |
| A. | Gustav Ranis |
| B. | W. A. Lewis |
| C. | R. Nurkse |
| D. | J. Schumpeter |
| Answer» B. W. A. Lewis | |
| 52. |
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 |
| Answer» C. G. Myrdal | |
| 53. |
Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality? |
| A. | Norwegian |
| B. | Dutch |
| C. | Swedish |
| D. | American |
| Answer» C. Swedish | |
| 54. |
How much population is living below poverty line in India ? |
| A. | Approx 24% |
| B. | Approx 25% |
| C. | Approx 26% |
| D. | Approx 27% |
| Answer» C. Approx 26% | |
| 55. |
Economic growth measures the? |
| A. | Growth of productivity |
| B. | Increase in nominal income |
| C. | Increase in output |
| D. | None of the above |
| Answer» C. Increase in output | |
| 56. |
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 |
| Answer» A. Low income and poverty | |
| 57. |
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. |
| Answer» A. The modern sector increases its output share relative to the traditional sector. | |
| 58. |
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. |
| Answer» D. Low per capita income creates low savings that keep incomes low. | |
| 59. |
Who have written the book "Capital and Growth"? |
| A. | R. Rodon |
| B. | Hicks |
| C. | Adam Smith |
| D. | Marshall |
| Answer» B. Hicks | |
| 60. |
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 |
| Answer» C. Ministry of Commerce and Industry | |
| 61. |
Which among the following is First Indian Special Economic Zone (SEZ)? |
| A. | Visakhapatnam SEZ |
| B. | Kandla SEZ |
| C. | Noida Special Economic Zone |
| D. | Cochin |
| Answer» B. Kandla SEZ | |
| 62. |
According to the supply side of the vicious circle theory of development a country is poor because . |
| A. | Technology levels do not allow for self sufficiency |
| B. | It was previously too poor to save and invest |
| C. | Underemployment is too widespread |
| D. | Resource allocation is poor |
| Answer» B. It was previously too poor to save and invest | |
| 63. |
The synchronized application of capital to a wide range of different industries is called __________ by its advocates. |
| A. | Balanced growth |
| B. | Capitalization |
| C. | Elasticity of capital |
| D. | Indivisibilities |
| Answer» A. Balanced growth | |
| 64. |
For Rosentein Rodan a major indivisibility is in __________. |
| A. | Supply |
| B. | Infrastructure |
| C. | Agriculture |
| D. | Services |
| Answer» B. Infrastructure | |
| 65. |
Economic growth is important because __________. |
| A. | People want less crime |
| B. | People want be happier |
| C. | People want a better environment |
| D. | People want higher incomes and more consumer goods. |
| Answer» D. People want higher incomes and more consumer goods. | |
| 66. |
The golden-rule saving rate is the rate of saving that __________. |
| A. | Gets the highest rate of interest |
| B. | Maximises the level of long-run investment |
| C. | Maximises the level of long-run consumption |
| D. | Maximises human capital |
| Answer» C. Maximises the level of long-run consumption | |
| 67. |
Backward and forward linkage are relevant for which kind of growth strategy? |
| A. | Unbalanced growth |
| B. | Trickle down growth |
| C. | Balanced growth |
| D. | Equilibrium growth |
| Answer» A. Unbalanced growth | |
| 68. |
Two economists have been particularly associated with the formulation of development with surplus labour hypothesis. One is R. Nurkse. Who is the other? |
| A. | W.A. Lewis |
| B. | James S. Duessenberry |
| C. | W.W. Rostow |
| D. | Simon Kuznets |
| Answer» B. James S. Duessenberry | |
| 69. |
The concept of economic growth is __________. |
| A. | Identical with the concept of economic development |
| B. | Narrower than the concept of economic development |
| C. | Wider as compared to that of economic development |
| D. | Unrelated to the concept of economic development |
| Answer» B. Narrower than the concept of economic development | |
| 70. |
The rate of growth of an economy mainly depends upon: |
| A. | The rate of growth of the labour force |
| B. | The proportion of national income saved and invested |
| C. | The rate of technological improvements |
| D. | All of the above |
| Answer» D. All of the above | |
| 71. |
To achieve full economic growth, Malthus laid special emphasis on the proper combination of__________. |
| A. | Production and distribution |
| B. | Natural resources and capital |
| C. | Labour and technology |
| D. | Production and trade |
| Answer» A. Production and distribution | |
| 72. |
According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the: |
| A. | Lack of savings |
| B. | Size of the market |
| C. | Lack of investment opportunities |
| D. | Low productivity of labour |
| Answer» B. Size of the market | |
| 73. |
We can increase rate of economic growth in India if we increase: |
| A. | Taxes |
| B. | Imports |
| C. | Investment |
| D. | Population |
| Answer» C. Investment | |
| 74. |
When an economy produces more output per capital the economy is said to be having: |
| A. | Inflation |
| B. | Economic growth |
| C. | Economic planning |
| D. | Living standard |
| Answer» B. Economic growth | |
| 75. |
By growth rate of an economy can be speeded up. |
| A. | Investment in share market |
| B. | Investment abroad |
| C. | Investment in human capital formation |
| D. | Investment in primary sector |
| Answer» C. Investment in human capital formation | |
| 76. |
Gross domestic capital formation is defined as__________. |
| A. | Flow of expenditure devoted to increase or maintaining of the capital stock |
| B. | Expenditure incurred on physical assets only |
| C. | Production exceeding demand |
| D. | Net addition to stock after depreciation |
| Answer» D. Net addition to stock after depreciation | |
| 77. |
Economic growth in India will happen necessarily if there is? |
| A. | Population growth |
| B. | Capital formation |
| C. | Technical progress |
| D. | All the above |
| Answer» B. Capital formation | |
| 78. |
The most important indicators of HRD . |
| A. | Those which measure a country’s stock of human capital |
| B. | Those which measure the additions to this stock |
| C. | Both a and b |
| D. | None |
| Answer» C. Both a and b | |
| 79. |
The capital-output ratio is determined by: |
| A. | Sectoral allocation of capital |
| B. | Level of economic activity |
| C. | Human and natural resources |
| D. | All of the above |
| Answer» D. All of the above | |
| 80. |
HRD ways in education planning is / are. |
| A. | Manpower approach |
| B. | Social demand approach |
| C. | Rate of return approach |
| D. | All the above |
| Answer» D. All the above | |
| 81. |
Investment in human capital is related with expenditure in __________ . |
| A. | Education |
| B. | Training |
| C. | Health Services |
| D. | All the above |
| Answer» D. All the above | |
| 82. |
Mechanism of Human Resource Development includes |
| A. | Job Redesign |
| B. | Rewards |
| C. | Human Resource Information System |
| D. | All of the above |
| Answer» D. All of the above | |
| 83. |
Which of the following is correct regarding the Gross Domestic Savings in India? |
| A. | Contribution of Household sector is the largest |
| B. | Contribution of Government sector is the largest |
| C. | Contribution of Corporate sector is the largest |
| D. | None of these. |
| Answer» A. Contribution of Household sector is the largest | |
| 84. |
Which of the following would typically be considered “human capital”? |
| A. | Gender and race |
| B. | Health and education |
| C. | Prime ministers and presidents |
| D. | Religious world views and trust |
| Answer» A. Gender and race | |
| 85. |
On which date Swachh Bharat Abhiyan was launched? |
| A. | 2nd October |
| B. | 15th August |
| C. | 26th Jaunary |
| D. | 14th April |
| Answer» A. 2nd October | |
| 86. |
Swachch Bharat Mission (Rural) programme comes under which ministry? |
| A. | Ministry of Panchayati Raj |
| B. | Ministry of Drinking Water and Sanitation |
| C. | Ministry of Woman and Child Development |
| D. | Ministry of Rural Development |
| Answer» B. Ministry of Drinking Water and Sanitation | |
| 87. |
According to the human capital view of education __________. |
| A. | Has no impact on the human capital of workers |
| B. | Increases human capital and the wages of workers |
| C. | Can make any worker into a superstar |
| D. | Only helps firms sort workers into high ability and low-ability workers. |
| Answer» B. Increases human capital and the wages of workers | |
| 88. |
All primary schools will be upgraded to the. |
| A. | High levels |
| B. | Middle level |
| C. | Secondary level |
| D. | None of these |
| Answer» B. Middle level | |
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