MCQOPTIONS
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MCQOPTIONS
This section includes 2956 Mcqs, each offering curated multiple-choice questions to sharpen your UPSC IAS Exam knowledge and support exam preparation. Choose a topic below to get started.
| 1801. |
Economic growth can be seen by an outward shift of __________ . |
| A. | The Production Possibility Frontier |
| B. | The Gross Domestic Barrier |
| C. | The Marginal Consumption Frontier |
| D. | The Minimum Efficient Scale |
| Answer» B. The Gross Domestic Barrier | |
| 1802. |
Under the ‘big-push’ strategy of development, large investments are to be directed towards__________. |
| A. | Agriculture |
| B. | Industry |
| C. | Power |
| D. | Tr |
| Answer» B. Industry | |
| 1803. |
Which of the following is not an indicator of economically underdeveloped countries? |
| A. | Low per capita income |
| B. | High death-rate |
| C. | Low proportion of labour force in the primary sector |
| D. | High level of illiteracy |
| Answer» D. High level of illiteracy | |
| 1804. |
Which of the following explains the term economic development? |
| A. | Improvement in the technology involved |
| B. | Improvement in production |
| C. | Improvement in distribution system |
| D. | All the above |
| Answer» E. | |
| 1805. |
Which one of the following, according to Ricardo, would form a bottleneck to economicgrowth? |
| A. | Shortage of land |
| B. | Rising rent |
| C. | Shortage of gold and silver |
| D. | Rising wage bills |
| Answer» B. Rising rent | |
| 1806. |
Who has given "Big Push Theory"? |
| A. | R. Rodan |
| B. | Jack Hamilton |
| C. | Amritya Sen |
| D. | Dr. Abhishek Mathur |
| Answer» B. Jack Hamilton | |
| 1807. |
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. | Lewis |
| B. | Gunnar Myrdal |
| C. | Higgins |
| D. | J. H. Boeke |
| Answer» C. Higgins | |
| 1808. |
A good definition of the meaning of development is the __________. |
| A. | Elimination of absolute poverty. |
| B. | Improvement in the quality of life. |
| C. | Fulfillment of the potential of individuals. |
| D. | All of the above. |
| Answer» E. | |
| 1809. |
Which one of the following is not an assumption of the Ricardian theory? |
| A. | Rising real wages |
| B. | Fixity of land |
| C. | Operation of the law of diminishing returns |
| D. | Perfect competition |
| Answer» B. Fixity of land | |
| 1810. |
The vicious circle theory states that __________ . |
| A. | Growing government assistance creates addiction to welfare programs. |
| B. | Low income levels create pressure for money creation. |
| C. | Low income levels create pressure for cheap imports. |
| D. | Low per capita income creates low savings that keep incomes low. |
| Answer» E. | |
| 1811. |
Economic development is characterized by |
| A. | Structural change in the economy |
| B. | Change in the occupational structure |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 1812. |
Which of the following models uses three distinct concepts of stages of growth? |
| A. | Ramsey model |
| B. | Harrod model |
| C. | Domar model |
| D. | Lewis model |
| Answer» C. Domar model | |
| 1813. |
Ricardo built his theory round . |
| A. | Value |
| B. | Capital |
| C. | Wages |
| D. | Natural resources |
| Answer» D. Natural resources | |
| 1814. |
According to Lewis’s model, the dual economy grows only when __________ . |
| A. | The modern sector increases its output share relative to the traditional sector. |
| B. | Agricultural sector uses modern equipment. |
| C. | Agricultural sector hires labor economically. |
| D. | Modern manufacturing sector is labor- intensive. |
| Answer» B. Agricultural sector uses modern equipment. | |
| 1815. |
We can increase rate of economic growth in India if we increase: |
| A. | Taxes |
| B. | Imports |
| C. | Investment |
| D. | Population |
| Answer» D. Population | |
| 1816. |
Which of the following would typically be considered “human capital”? |
| A. | Gender and race |
| B. | Health and education |
| C. | Prime ministers and presidents |
| D. | Religious world views and trust |
| Answer» B. Health and education | |
| 1817. |
The 'big-push' strategy of development was first advocated by: |
| A. | Paul N-Rosenstein-Rodan |
| B. | Simon Kuznets |
| C. | W. A. Lewis |
| D. | A. O. Hirshman |
| Answer» B. Simon Kuznets | |
| 1818. |
Identify the economist who first advocated a rolling plan for developing countries? |
| A. | J. Robinson |
| B. | N. Kaldor |
| C. | G. Myrdal |
| D. | Paul A. Samuelson |
| Answer» D. Paul A. Samuelson | |
| 1819. |
Development economics is the study of the |
| A. | Alleviation of absolute poverty. |
| B. | Transformation of institutions. |
| C. | Allocation of resources in developing countries. |
| D. | All of the above. |
| Answer» E. | |
| 1820. |
Karl Marx ideas about development theory are available in __________ . |
| A. | Communist Manifesto |
| B. | Das Kapital |
| C. | Capital: A Critique of Political Economy |
| D. | None of these |
| Answer» D. None of these | |
| 1821. |
The most important indicators of HRD . |
| A. | Those which measure a country’s stock of human capital |
| B. | Those which measure the additions to this stock |
| C. | Both a and b |
| D. | None |
| Answer» D. None | |
| 1822. |
All primary schools will be upgraded to the. |
| A. | High levels |
| B. | Middle level |
| C. | Secondary level |
| D. | None of these |
| Answer» C. Secondary level | |
| 1823. |
For Rosentein Rodan a major indivisibility is in __________. |
| A. | Supply |
| B. | Infrastructure |
| C. | Agriculture |
| D. | Services |
| Answer» C. Agriculture | |
| 1824. |
Economic development refers to __________. |
| A. | Economic growth. |
| B. | Economic growth plus changes in output distribution and economic structure. |
| C. | Improvement in the well-being of the urban population. |
| D. | Sustainable increases in Gross National Product. |
| Answer» C. Improvement in the well-being of the urban population. | |
| 1825. |
In the Ricardian system, a crucial role in development was assigned to . |
| A. | Specialisation |
| B. | Technological changes |
| C. | Profits |
| D. | Government |
| Answer» D. Government | |
| 1826. |
In the Ricardian scheme of things, savings are provided by . |
| A. | Labourers |
| B. | Capitalists |
| C. | Landlords |
| D. | Both B and C |
| Answer» C. Landlords | |
| 1827. |
By growth rate of an economy can be speeded up. |
| A. | Investment in share market |
| B. | Investment abroad |
| C. | Investment in human capital formation |
| D. | Investment in primary sector |
| Answer» D. Investment in primary sector | |
| 1828. |
Which among the following is a characteristic of underdevelopment? |
| A. | Vicious circle of poverty |
| B. | Rising mass consumption |
| C. | Growth of industries |
| D. | High rate of urbanization |
| Answer» B. Rising mass consumption | |
| 1829. |
Which of the following is inconsistent with Adam Smith’s theory of development? |
| A. | Development process is cumulative in nature |
| B. | There is no limit to the growth process |
| C. | Capital accumulation and market extension are two prerequisites for output expansion |
| D. | There should be no government interference in the working of the economy |
| Answer» C. Capital accumulation and market extension are two prerequisites for output expansion | |
| 1830. |
Which of the following is inconsistent with the Schumpeter's theory of development? |
| A. | The course of growth is continuous |
| B. | The output expansion, initiated by the entrepreneur, increases in size with time, making it cumulative |
| C. | Growth takes place on account of entrepreneurs who, with the help of bank credit, invest ininnovative activity |
| D. | Capitalism destroys itself by being successful through the erosion of its institutions, by the hostility of its intellectuals and other elite classes, and also by the weakening of entrepreneurial innovation |
| Answer» B. The output expansion, initiated by the entrepreneur, increases in size with time, making it cumulative | |
| 1831. |
To achieve full economic growth, Malthus laid special emphasis on the proper combinationof__________. |
| A. | Production and distribution |
| B. | Natural resources and capital |
| C. | Labour and technology |
| D. | Production and trade |
| Answer» B. Natural resources and capital | |
| 1832. |
The synchronized application of capital to a wide range of different industries is called__________ by its advocates. |
| A. | Balanced growth |
| B. | Capitalization |
| C. | Elasticity of capital |
| D. | Indivisibilities |
| Answer» B. Capitalization | |
| 1833. |
According to the Schumpeter's model, the innovating entrepreneurs get the necessary financefrom__________. |
| A. | Voluntary Savings |
| B. | Own Resources |
| C. | Bank Credit |
| D. | Government |
| Answer» D. Government | |
| 1834. |
Which one of the following was given a central place by Schumpeter in his theory ofdevelopment? |
| A. | Capital accumulation |
| B. | Role of the Government |
| C. | Need for balanced growth |
| D. | Role of innovations |
| Answer» E. | |
| 1835. |
According to the supply side of the vicious circle theory of development a country is poorbecause . |
| A. | Technology levels do not allow for self sufficiency |
| B. | It was previously too poor to save and invest |
| C. | Underemployment is too widespread |
| D. | Resource allocation is poor |
| Answer» C. Underemployment is too widespread | |
| 1836. |
Which one of the following statements is not in tune with the Ricardian theory of growth? |
| A. | Rent tends to rise |
| B. | Money wages tend to rise |
| C. | Profits tend to fall |
| D. | Profits tend to rise |
| Answer» E. | |
| 1837. |
The concept of, Vicious Circle of Poverty’ is related to __________. |
| A. | Karl Marx |
| B. | Nurkse |
| C. | Adam Smith |
| D. | None of the above |
| Answer» C. Adam Smith | |
| 1838. |
According to R. Nurkse, the inducement to invest in the context of an underdevelopedeconomy is limited mainly by the: |
| A. | Lack of savings |
| B. | Size of the market |
| C. | Lack of investment opportunities |
| D. | Low productivity of labour |
| Answer» C. Lack of investment opportunities | |
| 1839. |
Economic growth can be measured by __________ . |
| A. | The CPI |
| B. | The CBI |
| C. | GDP |
| D. | MPC |
| Answer» D. MPC | |
| 1840. |
Who have written the book "Capital and Growth"? |
| A. | R. Rodon |
| B. | Hicks |
| C. | Adam Smith |
| D. | Marshall |
| Answer» C. Adam Smith | |
| 1841. |
Besides increase in output, economic development is concerned with: |
| A. | Inputs and their efficiency |
| B. | Equitable distribution of income |
| C. | Life sustenance, self-esteem and freedom from want, ignorance and squalor |
| D. | All of the above |
| Answer» E. | |
| 1842. |
Economic growth is important because __________. |
| A. | People want less crime |
| B. | People want be happier |
| C. | People want a better environment |
| D. | People want higher incomes and more consumer goods. |
| Answer» E. | |
| 1843. |
In which year was the first volume of Das Capital be Karl Marx published? |
| A. | 1848 |
| B. | 1859 |
| C. | 1867 |
| D. | 1873 |
| Answer» D. 1873 | |
| 1844. |
The division of labour, according to Adam Smith, is limited by __________. |
| A. | The extent of the market |
| B. | The quantity of capital available |
| C. | Both (a) and (b) |
| D. | The size of labour force |
| Answer» D. The size of labour force | |
| 1845. |
In the context of which region was the 'big push' strategy of development formulated? |
| A. | South Asia |
| B. | South East Asia |
| C. | Eastern Europe |
| D. | East Africa |
| Answer» D. East Africa | |
| 1846. |
The concept of Economic Planning in India is derived from? |
| A. | USA |
| B. | UK |
| C. | Australia |
| D. | Russia |
| Answer» E. | |
| 1847. |
According to the human capital view of education __________. |
| A. | Has no impact on the human capital of workers |
| B. | Increases human capital and the wages of workers |
| C. | Can make any worker into a superstar |
| D. | Only helps firms sort workers into high ability and low-ability workers. |
| Answer» C. Can make any worker into a superstar | |
| 1848. |
On which date Swachh Bharat Abhiyan was launched? |
| A. | 2nd October |
| B. | 15th August |
| C. | 26th Jaunary |
| D. | 14th April |
| Answer» B. 15th August | |
| 1849. |
Underdevelopment is defined in terms of? |
| A. | National income |
| B. | Per capita income |
| C. | Poverty ratio |
| D. | Rate of unemployment |
| Answer» C. Poverty ratio | |
| 1850. |
Among the following determinants of growth, which is a non-economic factor? |
| A. | Natural resources |
| B. | Population growth |
| C. | Favourable legislation |
| D. | Capital accumulation |
| Answer» D. Capital accumulation | |