Q. The growth in progressive regions affects the growth in lagging regions through Spread effects and Backwash effects is the analysis put forward by
✅ Correct Answer: (A)
gunnar myrdal
Growth and Development MCQs and Notes
Q. Circular cumulative causation theory is developed by Swedish economist
✅ Correct Answer: (A)
gunnar myrdal
Q. The coexistence of organised and unorganised money market in the LDCs is called
✅ Correct Answer: (B)
financial dualism
Q. Utmost secrecy in maintaining accounts and lending procedures is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Defective system of maintaining accounts at receipts are not issued for interest charged and the principal repaid is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Multiplicity of interest rates at the interest rate varying with the need of the borrower, the amount of loan, the time for which it is needed, and the nature of security is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Multiplicity of lending activities, i.e., combining moneylending with other economic activities such as trading is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Flexibility in loan transactions is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Informality in dealing with borrowers by the moneylenders is the characteristics of
✅ Correct Answer: (B)
unorganised money market
Q. Personal touch between the moneylenders and borrowers is the characteristics of
✅ Correct Answer: (B)
unorganised money market