Growth and Development-Online Practice Exam 12
Growth and Development-Online Practice Exam 12

Growth and Development-Online Practice Exam 12

NET / SET Online Practice Exams

Test

Multi-choice 12

Question

1. Which of the following was/were assumed in the neo classical growth model as propounded by Solow ?

  1. A variable savings rate
  2. A constant population growth rate
  3. A variable capital-output ratio

Select the correct answer using the codes given below Codes:

Answers

c and b

a alone

b alone

a and b

Feedback

Question

2. The rate of growth of national income is equal to National income _

Answers

gd12a

gd12d

gd12a

gd12c

Feedback

Question

3. Hick’s neutral technical change implies that-

Answers

the unit isoquant undergoes a parallel shift downwards

the unit isoquant undergoes a parallel shift upwards

curvature of the unit isoquant changes

None of the above

Feedback

Question

4.  Capital deepening means-

Answers

using larger amount of labour as compared to capital

using more of the same type of capital due to increase number of workers

using more of human capital

increase in capital per worker in already existing production

Feedback

Question

5. Which one of the following pairs of Economists and doctrines they advocated, is correctly matched ?

Answers

Rosenstein Rodan ↔ stages of economic growth

A.O. Hirschman ↔ strategy of unbalanced growth

A.W. Lewis ↔ “Big Push” theory

W.W. Rostow ↔ Theory of development with unlimited supplies of labour

Feedback

Question

6. If the marginal productivity of labour in agriculture is zero, then the labour supply curve for industry as assumed by Arthur Lewis will be-

Answers

upward rising

perfectly in elastic

perfectly elastic

backward bending

Feedback

Question

7. Consider the following statements-
The Knife-edge problem in the Harrod-Domar growth model implies a constant-

  1. rate of population
  2. output
  3. rate of saving
  4. capital-output ratio
    Of these statements-

Answers

b and c are correct

a and b are correct

d alone is correct

 a, c and d are correct

Feedback

Question

8. In the analysis by Hirschman, the industry with the highest combined linkages turned out to be-

Answers

Food processing

Textiles

Iron and Steel

Cement

Feedback

Question

9.  The utilisation of disguised unemployment as a source of savings potential in underdeveloped countries was suggested by-

Answers

R. Nurkse

R. Harrod

P. Baran

W.W. Rostow

Feedback

Question

10. Match list I (Authors) with list II (concepts) and select the correct answer using the codes given below the lists-

List I List II
a) Domar 1. Golden Age
b) Rosestein Rodan 2. Big-Push
c) Rostow 3. Stages of growth
d) Joan Robinson 4. Required rate of growth

Answers

a)-2, b)-4, c)-1, d)-3

a)-4, b)-2, c)-3, d)-1

a)-2, b)-4, c)-3, d)-1

a)-1, b)-4, c)-3, d)-2

Feedback

Prepared by www.myeconomics.info

"There is no joy in possession without sharing". Share this page.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *