Growth and Development-Online Practice Exam 6
Growth and Development-Online Practice Exam 6

Growth and Development-Online Practice Exam 6

NET / SET Online Practice Exams

Growth and Development

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Multi-choice 6

Question

1. Technological dualism means

Answers

Prevalence of different technologies only in the agricultural sector in UDCS

Use of different production functions in the advanced sector in UDCS

Use of different production functions in the advanced and traditional sectors in UDCs

Use of different production functions only in industrial sector in UDCs

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Question

2. According to the theory of social dualism, good valued on the basis of-

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Their prestige value

Value in use

Value in exchange

Both value in use and value in exchange

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Question

3. Financial dualism refers to-

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The existence of short-run and long-run financial markets

The existence of different interest rates in unorganised money market in UDCS 

The existence of both share market and bond market

The of different interest rates on the organised and unorganised money and capital markets in LDCs

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Question

4. Which one of the following is not correct regarding the assumptions of Harrod-Domar model ?

Answers

There is absence of government

The economy is an open economy

Initially there is full employment level of income

There are no lags in adjustment between investment and creation of productive capacity

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Question

5. Schumpeterian financial dualism refers to-

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the existence of different interest rates on the organised and unorganised money and capital markets in LDCs

the existence of difference interest rates in unorganised money markets in UDCS

the existence of different rates of interest in the private money and capital markets

the existence of both money market and capital market

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Question

6. Who is nicknamed as the American Keynes ?

Answers

Hicks

Marshall

Marx

Hansen

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Question

7. Prof. Hirschman and other economists like him plead for growth-

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Unbalanced

Industrial

Agricultural

Balanced

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Question

8. The balanced growth theory sees the primary cause of underdevelopment is the- 

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Foreign domination

Small size of the market

Low level of technology

Lack of savings

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Question

9. The basic rational of the theory of “big push” is based up on the idea of

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Internal economies

External economies

Size of population

All of the above

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Question

10. The originator of ‘Big push’ theory was-

Answers

Prof. Arthur Lewis

PN. Rosenstein Rodan

Ragnar Nurkse

 Prof, Hirschman

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