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61.

Who formulated the theory of circular and cumulative causation which explains the perpetuation of underdevelopment through growing inequalities between developed and the underdeveloped countries?

A.	A. Lewis	B.	Gunnar Myrdal
C.	B. Higgins	D.	J.H.Boeke

62.

The second stage of the theory of demographic transition is characterised by:

A.	High birth-rate and high death rate	B.	High birth-rate and falling death-rate
C.	Low birth-rate and low death-rate	D.	Falling birth-rate and falling death-rate

63.

Which of the following concepts, which are now extensively used in growth economics, was first formulated by Keynes?

A.	Marginal propensity to consume	B.	Marginal propensity to save
C.	Marginal efficiency of capital	D.	All of the above

64.

According to Keynesian economics, saving and investment are brought into equilibrium by variations in:

A.	Income	B.	Price
C.	Consumption	D.	Output

65.

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

66.

Perspective planning refers to:

A.	Indicative planning	B.	Annual planning
C.	Structural planning	D.	Long-term planning

67.

J.F. Meade pointed out three principles means of growth. Which of the following is not on the list?

A.	Growth of working population	B.	Capital accumulation
C.	Devaluation	D.	Technical progress

68.

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?

A.	Domar in 1940	B.	Harrood in 1939
C.	Domar in 1946	D.	Domar in 1948

69.

Which of the following models formed the basis of India's Second Five Year Plan?

A.	Harrod-Domar model	B.	Raj-Sen model
C.	Cambridge model	D.	Mahalanobis model

70.

Which of the following models makes the assumption of constant saving-income ratio?

A.	Kaldor model	B.	Leontief model
C.	Harrod-Domar model	D.	Joan Robinson model