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CSS :: Development Theories and Under Development


91.  Schumpeter held that significant advances in national production occur by disharmonious leaps and spurts. This idea was:
A. His original contribution B. Borrowed by him from Marx
C. Borrowed by Schumpeter from neo-classical thinkers D. None of the above

92.  The Entrepreneur theory of development holds that:
A. Talented type of individuals play an important role in development B. Rich capitalists play an important role in development
C. Rich people with the help of some enterprising persons contribute to development D. None of the above

93.  According to Schumpeter the entrepreneurs contribute to development by:
A. Quickly catering to the tastes of the consumers B. Bringing about changes in the tastes of consumers
C. Providing the existing goods at the lowest price D. All the above actions

94.  The entrepreneurs undertake new development activities :
A. By investing their savings B. By roping in rich capitalists
C. By securing credit from the banks D. By securing grants from the government

95.  Which one of the following has been wrongly listed as a defect of Schumpeter's theory?
A. He wrongly asserts that capitalism is crumbling and socialism is likely to replace it B. His theory is defective in so far as it tries to present the spirit of enterprise as a phenomenon common to all social organisations
C. His assumption that all innovations are financed by borrowings is not correct because banks generally provide only short-term loans D. None of the above

96.  Theory of Economic Maturity regarding development is associated with:
A. Schumpeter B. Keynes
C. Alvin Hansen D. All the above

97.  The Theory of Economic Maturity carried froward the ideas worked in The General Theory of Employment, Interest and Money by:
A. Adam Smith B. Keynes
C. Ricrodo D. Marshall

98.  Hansen used the theory of Economic Maturity to examine the problems arising:
A. In the wake of World War I B. In the wake of World War II
C. In the wake of economic crisis of thrties D. In the sixties

99.  Hansen argued that as compared to the nineteenth century the development at present suffered from two limitations viz:
A. Shifting frontiers and growing population B. Decline in purchasing capacity and growing unemployment
C. Technological changes and presence of large labour force D. Growing population and prevailing unemployment

100.  Who expressed the opinion that "he developed countries were never underdeveloped through they may have been underdeveloped?
A. Marx B. A.C. Frank
C. Lenin D. None of the above




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