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This set of Growth and Development Multiple Choice Questions & Answers (MCQs) focuses on Growth And Development Set 3
Q1 | In Domar’s Model National Income (output) is determined by investment through the
- accelerator
- multiplier
- saving
- none of the above
Q2 | In Joan Robinson’s growth model, capital accumulation depends on
- saving-income ratio
- profit-wage relation and labour productivity
- profit-income ratio and capital productivity
- saving-investment ratio
Q3 | In dual gap model, the gap can be filled up by
- raising the level of saving
- export promotion
- steady rate of growth
- foreign aid
Q4 | Harrod-Domar model of growth is based on the concepts of and their equality
- population and productivity growth.
- investment and average growth rate of income.
- actual, warranted and natural growth rate
- productivity growth and investment growth
Q5 | The characteristics of Rostow’s Traditional society include
- enlarged production function
- employment in agriculture
- social mobility
- political power
Q6 | The Prior Saving Theory regards saving as a prerequisite of --------
- investment
- income
- consumption
- inflation rate
Q7 | In the Keynesian model, investment is not constrained by prior savings but by ------------acceptable to the workers.
- investment
- income
- consumption
- inflation rate
Q8 | The extension of Harrod-Domar model was made by adding the term for foreign tradebalance as per cent of
- investment
- national income
- export
- import
Q9 | The prior savings approach is based on classical economics which emphasizes that priorsaving determines
- investment
- income
- consumption
- inflation rate
Q10 | The assumptions of Technological dualism not include
- there are two sectors of the economy
- there are two factors of production
- two commodities are produced
- there are two modes of production
Q11 | Dualism and dichotomies in geography do not include
- general geography versus regional geography
- physical geography versus human geography
- quantitative versus behavioural geography
- hard geography versus soft geography
Q12 | Development of one leading sector is a feature of Rostow’s stage of growth of
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q13 | The existence of Different Frameworks in the Society is a feature of Rostow’s stage ofgrowth of
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q14 | Shift in Occupational Distribution is a feature of Rostow’s stage of growth of
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q15 | Shift in Consumption Pattern is a feature of Rostow’s stage of growth of
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q16 | Shift in Consumption of Leading Sector is a feature of Rostow’s stages of growth
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q17 | The Entrepreneurial Leadership and Boredom are non-economic factors of the Rostow’sstages of growth of
- the traditional society
- pre-conditions for take off
- the take off stage
- drive to maturity
Q18 | Rostow had advocated his theory as an alternative to
- smith’s theory
- marx’s theory
- malthusian theory
- none of these
Q19 | Who explains the theory of technological dualism?
- prof. b. higgins
- prof. boeke
- prof. myint
- a.o. hirshman
Q20 | Who explains the theory of social dualism?
- prof. b. higgins
- prof. boeke
- prof. myint
- a.o. hirshman
Q21 | Differences in Factor Endowment is fundamental bases of
- technical dualism
- social dualism
- geographical dualism
- financial dualism
Q22 | Differences in Production Function is fundamental bases of
- technical dualism
- social dualism
- geographical dualism
- financial dualism
Q23 | Personal touch between the moneylenders and borrowers is the characteristics of
- organised money market
- unorganised money market
- organised capital market
- un organised capital market
Q24 | Informality in dealing with borrowers by the moneylenders is the characteristics of
- organised money market
- unorganised money market
- organised capital market
- un organised capital market
Q25 | Flexibility in loan transactions is the characteristics of
- organised money market
- unorganised money market
- organised capital market
- un organised capital market