CSS :: Economic Growth and Development
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41. |
The justification of the 'big-push' strategy, which involves concentrated efforts in the form of investments on a large scale, is based on: |
A. |
Indivisibilities of demand |
B. |
Complimentarily of demand |
C. |
Skill formulation |
D. |
All of the above |
Answer: Option D
Explanation:
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42. |
The capital-output ratio in developed countries is: |
A. |
Generally fluctuating |
B. |
Fairly stable |
C. |
Rigidly stationary |
D. |
Gradually increasing |
Answer: Option B
Explanation:
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43. |
The incremental capital-output ratio (ICOR) refers to the: |
A. |
Ratio of investment to change in output |
B. |
Ratio of capital stock to the total output |
C. |
Marginal productivity of capital |
D. |
Relationship between investment that is financed by the citizens of a country and the income enjoyed by them |
Answer: Option A
Explanation:
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44. |
The capital-output ratio is determined by: |
A. |
Sectoral allocation of capital |
B. |
Level of economic activity |
C. |
Human and natural resources |
D. |
All of the above |
Answer: Option D
Explanation:
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45. |
Which growth model inspired the use of capital-output ratio for development planning? |
A. |
The Harrod-Domar model |
B. |
Solow's mode |
C. |
Kaldor's model |
D. |
Feldman's model |
Answer: Option A
Explanation:
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46. |
The capital-output ratio in a country during the different phases of growth: |
A. |
Remains unchanged |
B. |
Fluctuates widely |
C. |
Changes within narrow limits |
D. |
Shows a secular declining trend |
Answer: Option C
Explanation:
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47. |
As an aid to development planning, much use is being made today of the input-output analysis. Who first used it? |
A. |
H. Liebenstein |
B. |
W.W.Leontief |
C. |
W.A.Lewis |
D. |
A.O.Hirshman |
Answer: Option B
Explanation:
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48. |
Which of the following statements is incorrect? |
A. |
The essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment |
B. |
The thesis of development with unlimited supplies of labour was originally formulated by R. Nurkse |
C. |
The capital-output ratio is the inverse of the annual rate of return on productivity of capital |
D. |
E.D. Domar assumed that full employment of labour and capital occurred simulataneously |
Answer: Option B
Explanation:
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49. |
Balanced growth implies: |
A. |
Simultaneous development of a variety of activities, which support one another |
B. |
Equal allocation of resources to different sectors |
C. |
Different sectors growing at their natural rates of growth |
D. |
Uniform rate of growth of output over time |
Answer: Option A
Explanation:
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50. |
Development with unlimited supplies of labour hypothesis was originally formulated by: |
A. |
Gustav Ranis |
B. |
W.A.Lewis |
C. |
R. Nurkse |
D. |
J.Schumpeter |
Answer: Option B
Explanation:
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