Competitive Exams: Economics MCQs (Practice-Test 14 of 122)

  1. Which one of the following pairs (Author-Book) is not correctly matched?

      • Simon Kuznets
      • Asian Drama
      • Robinson J
      • Essays in the Theory of economic Growth.
      • Karl Marx
      • Das Capital
      • Arthur W Lewise
      • Theory of economic Growth
  2. The mercantilist theory of economic growth is primarily concerned with an increase in the

    1. volume of money in circulation through the import of gold

    2. size of population

    3. state intervention for the creation of conditions for efficient entrepreurial function.

    4. surplus in the balance of trade.

  3. assuming capital-output ratio to be 3: 1 and population growth to be 2.5% per annum, a 10% increase in investment will lead to an increase in per capital income to the extent of

    1. 0%

    2. 1.0%

    3. 3.0%

    4. 7.0%

  4. Harrods natural a rate of growth is

    1. the rate of growth which the increase of population and technical improvement allow

    2. the rate of growth which will satisfy profit makers that hey have done the right thing.

    3. the actual rate of growth

    4. the increase in the rate of capital accumulation.

  5. ‘Economic Development with unlimited Supplies of Labour’ is a model of development enunciated by

    1. income-generating

    2. income-depressing

    3. investment-inducing

    4. market-expanding

  6. Leibenstein in his Critical Minimum Effort thesis treats population as a factor that is

    1. income-generating

    2. income-depressing

    3. investment-inducing

    4. market-expanding

  7. Which one of the following features, according to Kuznes, is the most important characteristic of modern economic growth?

    1. Social and ideological transformation

    2. structural transformation

    3. High productivity of factors of production.

    4. High rate of growth of per capital production.

  8. UNCTAD is the acronym of

    1. United nations committee of Technical Assistance for Development.

    2. United nations centre for trade, Aid and Development

    3. United Nations Conference on trade and Development

    4. United nations Commission on

    Transfer of Aid for Development.

  9. According to Fisher-Clark thesis which one of the following is the correct sequence of shift of resources from one sector to the other for the continuity of development?

    1. Agriculture-Services-manufacturing

    2. Agriculture-Manufacturing-Services

    3. Manufacturing-Service-Agriculture

    4. manufacturing-agriculture-services

  10. Consider the following statements: In the estimates of growth of the United States, residual grow is attributed by Denison to

    1. 1 alone is correct

    2. 1 and 2 are correct

    3. 1, 2 and 3 are correct

    4. 1, 3 and 4 are correct

  11. One or more the following economists seemed to have argued that international trade was detrimental to the industrialization of the developing countries:

    1. Gunnar Mydral

    2. Raul Prebisch

    3. harberler

    4. David Ricardo

    Select the correct answer using the codes given below:

    1. 2 and 3

    2. 3 and 4

    3. 1 and 4

    4. 1 and 2

  12. The First Five year Plan of the Government of India was based on

    1. Leontief input-output model

    2. Harrod-domar model

    3. Mahalanobis two-sector model

    4. Mahalanobis four-sector model

  13. ‘Economic drain’ theory was popularized by

    1. the Britishers in India

    2. Dadabhai Naoroji

    3. Vera Anstey

    4. V V Bhatt

  14. In which sector, expenditure method is used in India for calculating national income?

    1. the agricultural sector

    2. the mining sector

    3. the construction sector

    4. The transportation sector

  15. Which one of the following was the percentage of urban population in India, as per 1991 census?

    1. 20.13

    2. 22.8

    3. 25.72

    4. 30.13