Q. Which one of the following was given a central place by Schumpeter in his theory of development?
✅ Correct Answer: (D)
Role of innovations
Economics of Development MCQs and Notes
Q. According to the Schumpeter's model, the innovating entrepreneurs get the necessary finance from__________.
✅ Correct Answer: (C)
Bank Credit
Q. Which of the following is inconsistent with the Schumpeter's theory of development?
✅ Correct Answer: (A)
The course of growth is continuous
Q. Which one of the following, according to Ricardo, would form a bottleneck to economic growth?
✅ Correct Answer: (A)
Shortage of land
Q. Which sector was emphasised most by Ricardo in the context of economic growth?
✅ Correct Answer: (C)
Agriculture
Q. In Schumpeter’s theory of development maximum stress has been laid on:
✅ Correct Answer: (D)
Entrepreneurship
Q. Karl Marx ideas about development theory are available in __________ .
✅ Correct Answer: (C)
Capital: A Critique of Political Economy
Q. Which of the following is inconsistent with Adam Smith’s theory of development?
✅ Correct Answer: (B)
There is no limit to the growth process
Q. Economic growth in India will happen necessarily if there is .
✅ Correct Answer: (B)
Capital formation
Q. The concept of economic growth is __________ .
✅ Correct Answer: (B)
Narrower than the concept of economic development