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This set of History of Economics Thought Multiple Choice Questions & Answers (MCQs) focuses on History Of Economics Thought Set 3

Q1 | The Drain Theory is associated with the name of
  • kautilya
  • gandhiji
  • dadabhai naroji
  • ranade
Q2 | Dadabhai Naroji attributed poverty of India to
  • over population
  • scarcity of capital
  • british rule
  • none of the above
Q3 | 6.Dadabhai Noaroji attributed external drain to:
  • unrequired exports and no equivalent imports
  • unrequired imports and no equivalent exports
  • unrequired exports and equivalent imports
  • all the above
Q4 | Ambedkar was a champion of
  • capitalism
  • socialism
  • mixed economy
  • state socialism
Q5 | Ambedkar’s idea of state socialism is based on the unique blend of
  • marxism and buddhism
  • buddhism and gandhism
  • marxism and gandhism
  • all the above
Q6 | The chief architect of Indi’s second five year Plan was:
  • gandhiji
  • harrod domar
  • p.c.mahalanobis
  • dadabai naoroji
Q7 | Mahalanobis aimed at the economic development of India through
  • agricultural development
  • industrial development
  • both agricultural and industrial development
  • none of the above
Q8 | The most important contribution of Mahalanobis is related to :
  • the design of large scale surveys
  • the design of a plan strategy
  • the starting of a journal
  • none of the above
Q9 | The wage good model was developed by
  • mahalanobis
  • naoroji
  • c.n.vakil and p.r.brahmananda
  • gandhiji
Q10 | V.K.R.V. Rao is remembered for his contribution on:
  • national income of india
  • deficit financing
  • capital formation
  • economic development
Q11 | The formula adopted for distribution of Plan assistance during 4th and th Plan was:
  • gadgil formula
  • modified gadgil formula
  • mahalanobis formula
  • none of the above
Q12 | The forword to India’s 1st Five Year Plan was written by:
  • v.k.r.v.rao
  • ambedkar
  • k.n.raj
  • c.n.vakil
Q13 | Who among the following computed India’s balance of payment for the first time forReserve Bank of India:
  • k.n.raj
  • c.n.vakil
  • p.r.brahmananda
  • ambedkar
Q14 | Amartya Sen was awarded Nobel Prize in Economics for his contribution to
  • welfare economicsand social choice theory
  • welfare economics and development economics
  • welfare economics and inequality
  • none of these
Q15 | The world witnessed a great depression during –
  • 1929-33
  • 1939-43
  • 1919-23
  • 1911-16
Q16 | The most prominent representative of supply side economics was :
  • keynes
  • arthur laffer
  • richard hey
  • a.c. pigou
Q17 | The ---- theory is associated with the name of Dadabai Naoroji.
  • demonstration
  • drain
  • surplus value
  • pocwery
Q18 | Dadabai Naoroji attributed ----- of India to British rule.
  • independence
  • poverty
  • unemployment
  • mortality
Q19 | Ambedkar’s idea of ------ is based on a unique blend of Marxism and Budhism.
  • gandhism
  • state capitalism
  • anarchy
  • state socialism
Q20 | ------ is regarded as the chief architect of Indian constitution.
  • nehru
  • gandhi
  • ambedkar
  • rajagopalachari