McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Arts in Economics (MA Economics) .
| 51. |
In Domar’s Model National Income (output) is determined by investment through the |
| A. | accelerator |
| B. | multiplier |
| C. | saving |
| D. | none of the above |
| Answer» B. multiplier | |
| 52. |
In Joan Robinson’s growth model, capital accumulation depends on |
| A. | saving-income ratio |
| B. | profit-wage relation and labour productivity |
| C. | profit-income ratio and capital productivity |
| D. | saving-investment ratio |
| Answer» B. profit-wage relation and labour productivity | |
| 53. |
In dual gap model, the gap can be filled up by |
| A. | raising the level of saving |
| B. | export promotion |
| C. | steady rate of growth |
| D. | foreign aid |
| Answer» D. foreign aid | |
| 54. |
Harrod-Domar model of growth is based on the concepts of and their equality |
| A. | population and productivity growth. |
| B. | investment and average growth rate of income. |
| C. | actual, warranted and natural growth rate |
| D. | productivity growth and investment growth |
| Answer» C. actual, warranted and natural growth rate | |
| 55. |
The characteristics of Rostow’s Traditional society include |
| A. | enlarged production function |
| B. | employment in agriculture |
| C. | social mobility |
| D. | political power |
| Answer» A. enlarged production function | |
| 56. |
The Prior Saving Theory regards saving as a prerequisite of -------- |
| A. | investment |
| B. | income |
| C. | consumption |
| D. | inflation rate |
| Answer» A. investment | |
| 57. |
In the Keynesian model, investment is not constrained by prior savings but by ------------ acceptable to the workers. |
| A. | investment |
| B. | income |
| C. | consumption |
| D. | inflation rate |
| Answer» D. inflation rate | |
| 58. |
The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of |
| A. | investment |
| B. | national income |
| C. | export |
| D. | import |
| Answer» B. national income | |
| 59. |
The prior savings approach is based on classical economics which emphasizes that prior saving determines |
| A. | investment |
| B. | income |
| C. | consumption |
| D. | inflation rate |
| Answer» A. investment | |
| 60. |
The assumptions of Technological dualism not include |
| A. | there are two sectors of the economy |
| B. | there are two factors of production |
| C. | two commodities are produced |
| D. | there are two modes of production |
| Answer» D. there are two modes of production | |
| 61. |
Dualism and dichotomies in geography do not include |
| A. | general geography versus regional geography |
| B. | physical geography versus human geography |
| C. | quantitative versus behavioural geography |
| D. | hard geography versus soft geography |
| Answer» D. hard geography versus soft geography | |
| 62. |
Development of one leading sector is a feature of Rostow’s stage of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» C. the take off stage | |
| 63. |
The existence of Different Frameworks in the Society is a feature of Rostow’s stage of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» C. the take off stage | |
| 64. |
Shift in Occupational Distribution is a feature of Rostow’s stage of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» D. drive to maturity | |
| 65. |
Shift in Consumption Pattern is a feature of Rostow’s stage of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» D. drive to maturity | |
| 66. |
Shift in Consumption of Leading Sector is a feature of Rostow’s stages of growth |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» D. drive to maturity | |
| 67. |
The Entrepreneurial Leadership and Boredom are non-economic factors of the Rostow’s stages of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» D. drive to maturity | |
| 68. |
Rostow had advocated his theory as an alternative to |
| A. | smith’s theory |
| B. | marx’s theory |
| C. | malthusian theory |
| D. | none of these |
| Answer» B. marx’s theory | |
| 69. |
Who explains the theory of technological dualism? |
| A. | prof. b. higgins |
| B. | prof. boeke |
| C. | prof. myint |
| D. | a.o. hirshman |
| Answer» A. prof. b. higgins | |
| 70. |
Who explains the theory of social dualism? |
| A. | prof. b. higgins |
| B. | prof. boeke |
| C. | prof. myint |
| D. | a.o. hirshman |
| Answer» B. prof. boeke | |
| 71. |
Differences in Factor Endowment is fundamental bases of |
| A. | technical dualism |
| B. | social dualism |
| C. | geographical dualism |
| D. | financial dualism |
| Answer» A. technical dualism | |
| 72. |
Differences in Production Function is fundamental bases of |
| A. | technical dualism |
| B. | social dualism |
| C. | geographical dualism |
| D. | financial dualism |
| Answer» A. technical dualism | |
| 73. |
Personal touch between the moneylenders and borrowers is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» B. unorganised money market | |
| 74. |
Informality in dealing with borrowers by the moneylenders is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» B. unorganised money market | |
| 75. |
Flexibility in loan transactions is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» B. unorganised money market | |
| 76. |
Multiplicity of lending activities, i.e., combining moneylending with other economic activities such as trading is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» B. unorganised money market | |
| 77. |
Multiplicity of interest rates at the interest rate varying with the need of the borrower, the amount 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 |
| Answer» B. unorganised money market | |
| 78. |
Defective system of maintaining accounts at receipts are not issued for interest charged and the principal repaid is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» B. unorganised money market | |
| 79. |
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 |
| Answer» B. unorganised money market | |
| 80. |
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 |
| Answer» B. financial dualism | |
| 81. |
Circular cumulative causation theory is developed by Swedish economist |
| A. | gunnar myrdal |
| B. | prof. boeke |
| C. | prof. myint |
| D. | a.o. hirshman |
| Answer» A. gunnar myrdal | |
| 82. |
The growth in progressive regions affects the growth in lagging regions through Spread effects and Backwash effects is the analysis put forward by |
| A. | gunnar myrdal |
| B. | prof. boeke |
| C. | prof. myint |
| D. | a.o. hirshman |
| Answer» A. gunnar myrdal | |
| 83. |
The theory of Low-Level Equilibrium Trap has been developed by |
| A. | gunnar myrdal |
| B. | prof. boeke |
| C. | prof. myint |
| D. | r.r. nelson |
| Answer» D. r.r. nelson | |
| 84. |
Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state? |
| A. | nelson |
| B. | harvey leibenstein |
| C. | hirschman |
| D. | rosenstein-rodan |
| Answer» B. harvey leibenstein | |
| 85. |
Those incentives which do not increase national income, but they bring a change in the distribution of income is called |
| A. | zero-sum incentives |
| B. | positive sum incentives |
| C. | negative incentives |
| D. | none of the above |
| Answer» A. zero-sum incentives | |
| 86. |
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 |
| Answer» B. positive sum incentives | |
| 87. |
Zero-Sum incentives and Positive Sum incentives are introduced by |
| A. | nelson |
| B. | harvey leibenstein |
| C. | hirschman |
| D. | rosenstein-rodan |
| Answer» B. harvey leibenstein | |
| 88. |
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 |
| Answer» C. development with unlimited supplies of labour: a-0. hirschman | |
| 89. |
Who distinguishes three kinds of indivisibilities and externalities with a view to specify the areas where big push needs to be applied? |
| A. | nelson |
| B. | harvey leibenstein |
| C. | hirschman |
| D. | rosenstein-rodan |
| Answer» A. nelson | |
| 90. |
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 |
| Answer» C. different sectors growing at their natural rates of growth | |
| 91. |
Which of the following about strategy of balanced growth is right? |
| A. | simultaneous investment in all sectors |
| B. | all sectors are independent. |
| C. | both |
| D. | none |
| Answer» A. simultaneous investment in all sectors | |
| 92. |
Which of the following about strategy of unbalanced growth is right? |
| A. | deliberate imbalance in favour of some sectors |
| B. | simultaneous investment in all sectors |
| C. | both |
| D. | none |
| Answer» A. deliberate imbalance in favour of some sectors | |
| 93. |
Lumpinessof capital, especially in the creation of social overhead capital is called |
| A. | indivisibilities in the production function |
| B. | indivisibility of demand |
| C. | indivisibility of savings |
| D. | indivisibility of investment |
| Answer» A. indivisibilities in the production function | |
| 94. |
Complementarityof demand is called |
| A. | indivisibilities in the production function |
| B. | indivisibility of demand |
| C. | indivisibility of savings |
| D. | indivisibility of investment |
| Answer» B. indivisibility of demand | |
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