Q. The Harrod-Domar model is one of the well- known models of growth. Which of the two authors of this model wrote earlier and in which year?
✅ Correct Answer: (B)
Harrood in 1939
Economics of Development MCQs and Notes
Q. Which of the following models makes the assumption of constant saving-income ratio?
✅ Correct Answer: (C)
Harrod-Domar model
Q. Which growth model inspired the use of capital-output ratio for development planning?
✅ Correct Answer: (A)
the Harrod-Domar model
Q. The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .
✅ Correct Answer: (D)
All of the above
Q. Which of the following models uses three distinct concepts of stages of growth?
✅ Correct Answer: (B)
Harrod model
Q. In the Ricardian system, a crucial role in development was assigned to .
✅ Correct Answer: (C)
Profits
Q. Ricardo built his theory round .
✅ Correct Answer: (C)
Wages
Q. Which one of the following is not an assumption of the Ricardian theory?
✅ Correct Answer: (A)
Rising real wages
Q. Which one of the following statements is not in tune with the Ricardian theory of growth?
✅ Correct Answer: (D)
Profits tend to rise
Q. In the Ricardian scheme of things, savings are provided by .
✅ Correct Answer: (B)
Capitalists