Economics of Development MCQs and Notes

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📊 Economics of Development
Q. Two economists have been particularly associated with the formulation of development with surplus labour hypothesis. One is R. Nurkse. Who is the other?
  • (A) W.A. Lewis
  • (B) James S. Duessenberry
  • (C) W.W. Rostow
  • (D) Simon Kuznets
💬 Discuss
✅ Correct Answer: (B) James S. Duessenberry
📊 Economics of Development
Q. Backward and forward linkage are relevant for which kind of growth strategy?
  • (A) Unbalanced growth
  • (B) Trickle down growth
  • (C) Balanced growth
  • (D) Equilibrium growth
💬 Discuss
✅ Correct Answer: (A) Unbalanced growth
📊 Economics of Development
Q. The golden-rule saving rate is the rate of saving that __________.
  • (A) Gets the highest rate of interest
  • (B) Maximises the level of long-run investment
  • (C) Maximises the level of long-run consumption
  • (D) Maximises human capital
💬 Discuss
✅ Correct Answer: (C) Maximises the level of long-run consumption
📊 Economics of Development
Q. Economic growth is important because __________.
  • (A) People want less crime
  • (B) People want be happier
  • (C) People want a better environment
  • (D) People want higher incomes and more consumer goods.
💬 Discuss
✅ Correct Answer: (D) People want higher incomes and more consumer goods.
📊 Economics of Development
Q. For Rosentein Rodan a major indivisibility is in __________.
  • (A) Supply
  • (B) Infrastructure
  • (C) Agriculture
  • (D) Services
💬 Discuss
✅ Correct Answer: (B) Infrastructure
📊 Economics of Development
Q. The synchronized application of capital to a wide range of different industries is called __________ by its advocates.
  • (A) Balanced growth
  • (B) Capitalization
  • (C) Elasticity of capital
  • (D) Indivisibilities
💬 Discuss
✅ Correct Answer: (A) Balanced growth
📊 Economics of Development
Q. According to the supply side of the vicious circle theory of development a country is poor because .
  • (A) Technology levels do not allow for self sufficiency
  • (B) It was previously too poor to save and invest
  • (C) Underemployment is too widespread
  • (D) Resource allocation is poor
💬 Discuss
✅ Correct Answer: (B) It was previously too poor to save and invest
📊 Economics of Development
Q. Which among the following is First Indian Special Economic Zone (SEZ)?
  • (A) Visakhapatnam SEZ
  • (B) Kandla SEZ
  • (C) Noida Special Economic Zone
  • (D) Cochin
💬 Discuss
✅ Correct Answer: (B) Kandla SEZ
📊 Economics of Development
Q. SEZ India mobile app has been launched in January 2017 by __________.
  • (A) Ministry of Labour and Employment.
  • (B) Ministry of Finance
  • (C) Ministry of Commerce and Industry
  • (D) Ministry of Corporate Affairs
💬 Discuss
✅ Correct Answer: (C) Ministry of Commerce and Industry

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