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This set of Growth and Development Multiple Choice Questions & Answers (MCQs) focuses on Growth And Development Set 4

Q1 | Multiplicity of lending activities, i.e., combining moneylending with other economicactivities such as trading is the characteristics of
  • organised money market
  • unorganised money market
  • organised capital market
  • un organised capital market
Q2 | 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
  • organised money market
  • unorganised money market
  • organised capital market
  • un organised capital market
Q3 | Defective system of maintaining accounts at receipts are not issued for interest chargedand the principal repaid is the characteristics of
  • organised money market
  • unorganised money market
  • organised capital market
  • un organised capital market
Q4 | Utmost secrecy in maintaining accounts and lending procedures is the characteristics of
  • organised money market
  • unorganised money market
  • organised capital market
  • un organised capital market
Q5 | The coexistence of organised and unorganised money market in the LDCs is called
  • financial exclusion
  • financial dualism
  • financial institution
  • financial inclusion
Q6 | Circular cumulative causation theory is developed by Swedish economist
  • gunnar myrdal
  • prof. boeke
  • prof. myint
  • a.o. hirshman
Q7 | The growth in progressive regions affects the growth in lagging regions through Spreadeffects and Backwash effects is the analysis put forward by
  • gunnar myrdal
  • prof. boeke
  • prof. myint
  • a.o. hirshman
Q8 | The theory of Low-Level Equilibrium Trap has been developed by
  • gunnar myrdal
  • prof. boeke
  • prof. myint
  • r.r. nelson
Q9 | Who put forward the view that UDCs are characterized by vicious circle of poverty whichkeeps them around a low-income per capita equilibrium state?
  • nelson
  • harvey leibenstein
  • hirschman
  • rosenstein-rodan
Q10 | Those incentives which do not increase national income, but they bring a change in thedistribution of income is called
  • zero-sum incentives
  • positive sum incentives
  • negative incentives
  • none of the above
Q11 | Those incentives which result in expansion of national income is called
  • zero-sum incentives
  • positive sum incentives
  • negative incentives
  • none of the above
Q12 | Zero-Sum incentives and Positive Sum incentives are introduced by
  • nelson
  • harvey leibenstein
  • hirschman
  • rosenstein-rodan
Q13 | Which of the following is not correctly matched?
  • big-push strategy: paul n. rosenstein- rodan
  • balanced growth theory: r. nurkse
  • development with unlimited supplies of labour: a-0. hirschman
  • critical minimum strategy: prof. harvey leibenstein
Q14 | Who distinguishes three kinds of indivisibilities and externalities with a view to specifythe areas where big push needs to be applied?
  • nelson
  • harvey leibenstein
  • hirschman
  • rosenstein-rodan
Q15 | Balanced growth implies:
  • simultaneous development of a variety of activities, which support one another
  • equal allocation of resources to different sectors
  • different sectors growing at their natural rates of growth
  • uniform rate of growth of output over time
Q16 | Which of the following about strategy of balanced growth is right?
  • simultaneous investment in all sectors
  • all sectors are independent.
  • both
  • none
Q17 | Which of the following about strategy of unbalanced growth is right?
  • deliberate imbalance in favour of some sectors
  • simultaneous investment in all sectors
  • both
  • none
Q18 | Lumpinessof capital, especially in the creation of social overhead capital is called
  • indivisibilities in the production function
  • indivisibility of demand
  • indivisibility of savings
  • indivisibility of investment
Q19 | Complementarityof demand is called
  • indivisibilities in the production function
  • indivisibility of demand
  • indivisibility of savings
  • indivisibility of investment