The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on:

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Question:
The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on:

1.Need for favourable institutional and social initiatives

2.Extension of markets

3.Capital accumulation

4.All of the above

Posted Date:-2021-08-16 08:11:52

More MCQS Questions and answers

  1. Identify the country which was the first to move to the stage of high mass consumption:
  2. Identify the main factor which according to Malthus makes an economy move downwards in the long run to the subsistence level:
  3. If the capital-output ratio is 4:1 and the annual growth rate of population is 2.5% what will be required rate of investment in the economy in order to achieve 3% growth per annum in per capita income?
  4. In the context of which region was the big push strategy of development formulated?
  5. The capital-output ratio in a country during the different phases of growth:
  6. The capital-output ratio in developed countries is:
  7. The stationary state according to Malthus and Ricardo is characterised by:
  8. What according to Malthus puts a stop to the growth process?
  9. What causes development in terms of Rostow s theory?
  10. Which of the following is not a part of the classical theory of economic development?
  11. Among the following determinants of growth which is a non-economic factor?
  12. Arrange the following Rostow s stages of economic growth in their proper sequence: I Traditional society II. Take-off stage III. Age of mass consumption IV. Drive to maturity
  13. How many stages of economic growth were defined and analysed by Rostow which all economies are supposed to pass through in the course of their development?
  14. Identify the economist who first advocated a rolling plan for developing countries?
  15. In the Ricardian scheme of things savings are provided by:
  16. In the Ricardian system a crucial role in development was assigned to:
  17. In the Ricardian system a crucial role in development was assigned to:
  18. The capital-output ratio is determined by:
  19. The incremental capital-output ratio (ICOR) refers to the:
  20. The justification of the big-push strategy which involves concentrated efforts in the form of investments on a large scale is based on:
  21. The rate of growth of an economy mainly depends upon:
  22. The stationary state as envisaged by Adam Smith is marked by:
  23. The take-off stage is characterised by:
  24. Which of the following had the approval of the classical economists (particularly J.S. Mill) as an aid to development?
  25. Which of the following is inconsistent with Adam Smith s theory of development?
  26. Which of the following is inconsistent with the Schumpeter s theory of development?
  27. Which of the following statements is not in agreement with the Malthusian view on economic growth?
  28. Which sector was emphasised most by Ricardo in the context of economic growth?
  29. Whichone of the following according to Ricardo would form a bottleneck to economic growth?
  30. A strategy of heavy industry is sometimes preferred for a developing economy because it can:
  31. According to the neo-classical theory economic development is:
  32. According to the Schumpeter s model the innovating entrepreneurs get the necessary finance from:
  33. Among the various determinants of the growth of national wealth Adam Smith accorded central place to:
  34. As an aid to development planning much use is being made today of the input-output analysis. Who first used it?
  35. Balanced growth implies:
  36. Besides increase in output economic development is concerned with:
  37. Development with unlimited supplies of labour hypothesis was originally formulated by:
  38. In which sphere are shadow prices particularly useful?
  39. The big-push strategy of development was first advocated by:
  40. The basic logic behind the big-push strategy of development is related to:
  41. The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on:
  42. The concept of economic growth is:
  43. The division of labour according to Adam Smith is limited by:
  44. To achieve full economic growth Malthus laid special emphasis on the proper combination of:
  45. Under the big-push strategy of development large investments are to be directed towards:
  46. Unemployment created by some long-term change in demand or technological conditions in an economy is known as:
  47. Which growth model inspired the use of capital-output ratio for development planning?
  48. Which of the following is generally regarded as the true index of economic growth?
  49. Which of the following is not an indicator of economically underdeveloped countries?
  50. Which of the following is not correctly matched?
  51. Which of the following measures according to Malthus would be helpful in raising and maintaining demand at a higher level?
  52. Which of the following policy-prescriptions for economic growth was suggested by Ricardo?
  53. Which of the following statements is incorrect?
  54. Which of the following statements is not correct in the light of the Malthusian theory of growth?
  55. Which one of the following is not an assumption of the Ricardian theory?
  56. Which one of the following statements is not in tune with the Ricardian theory of growth?
  57. Who coined the phrase demonstration effect ?
  58. Who put forward the theory of social dualism?
  59. With economic growth the proportion of labour-force engaged in agriculture:
  60. With which of the following kinds of dualism is H. Myint particularly associated with?
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