Growth and Development-Online Practice Exam 10
Notes
Growth and Development-Online Practice Exam 10
Notes

Growth and Development-Online Practice Exam 10

NET / SET Online Practice Exams

Test

Multi-choice 10

Question

1. Dualistic economy is one where-

Answers

Indigeneous industries are developed in collaboration with foreign companies

Agriculture and industrial sectors are equally developed

Public and private sectors exist side by side

Modern industrial sector and traditional subsistence sector exist side by side

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Question

2. Fei-Ranis theory of economic development is based on-

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Balanced growth during the take off process

Importance of agricultural product in capital accumulation in underdeveloped countries

Dualistic approach to development

All of these

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Question

3. According to Myrdal, the main cause of regional inequalities in the underdeveloped countries has been-

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Strong back-wash and spread effects

Strong back-wash and weak spread effects

Weak back-wash and spread effects

Weak back-wash effects and strong spread effects

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Question

4. The technique of input-output analysis has been popularised by-

Answers

W.G. Hoffmann

Hirschman

Leontief

Nurkse

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Question

5. According to Solow, the long-run rate of growth on an advanced economy equals Harrod’s-

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Natural rate of growth

Warranted rate of growth

Actual rate of growth

None of the above

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Question

6. In terms of Harrod-Domar growth model, for achieving a postulated rate of growth an economy requires-

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Increase in the investment ratio

Reducing the capital-output ratio

Restricting the growth of population

All of the above

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Question

7. Harrod-Domar model of economic development presupposes-in the economy-

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Full employment

Unemployment

High level of consumption

Low level of consumption

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Question

8. Who believed that the people in less developed countries are not economically motivated towards work and does not respond to normal monetary incentive ?

Answers

R. Nurkse

D. Ricardo

A. Marshall

J.H. Boeke

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Question

9. With economic growth there is-

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A shift away from agriculture

A shift away from manufacturing

A shift in favour of agriculture

A shift away from services

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Question

10. Despite being a high saving economy, a developing country may still NOT grow fast primarily due to-

Answers

week administrative machinery

illiteracy

high capital-output ratio

high population density

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Prepared by www.myeconomics.info

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