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This section includes 17 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Arts in Economics (MA Economics) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Multiplicity of interest rates at the interest rate varying with the need of the borrower, the amount of loan, the time for which it is needed, and the nature of security is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» C. organised capital market | |
| 2. |
Multiplicity of lending activities, i.e., combining moneylending with other economic activities such as trading is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» C. organised capital market | |
| 3. |
The growth in progressive regions affects the growth in lagging regions through Spread effects and Backwash effects is the analysis put forward by |
| A. | gunnar myrdal |
| B. | prof. boeke |
| C. | prof. myint |
| D. | a.o. hirshman |
| Answer» B. prof. boeke | |
| 4. |
Defective system of maintaining accounts at receipts are not issued for interest charged and the principal repaid is the characteristics of |
| A. | organised money market |
| B. | unorganised money market |
| C. | organised capital market |
| D. | un organised capital market |
| Answer» C. organised capital market | |
| 5. |
Those incentives which do not increase national income, but they bring a change in the distribution of income is called |
| A. | zero-sum incentives |
| B. | positive sum incentives |
| C. | negative incentives |
| D. | none of the above |
| Answer» B. positive sum incentives | |
| 6. |
Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state? |
| A. | nelson |
| B. | harvey leibenstein |
| C. | hirschman |
| D. | rosenstein-rodan |
| Answer» C. hirschman | |
| 7. |
Who distinguishes three kinds of indivisibilities and externalities with a view to specify the areas where big push needs to be applied? |
| A. | nelson |
| B. | harvey leibenstein |
| C. | hirschman |
| D. | rosenstein-rodan |
| Answer» B. harvey leibenstein | |
| 8. |
A multi-dimensional measure of poverty include includes which of the following elements? |
| A. | health level |
| B. | education level |
| C. | living standards |
| D. | all of these answer |
| Answer» E. | |
| 9. |
In the Keynesian model, investment is not constrained by prior savings but by ------------ acceptable to the workers. |
| A. | investment |
| B. | income |
| C. | consumption |
| D. | inflation rate |
| Answer» E. | |
| 10. |
The prior savings approach is based on classical economics which emphasizes that prior saving determines |
| A. | investment |
| B. | income |
| C. | consumption |
| D. | inflation rate |
| Answer» B. income | |
| 11. |
The existence of Different Frameworks in the Society is a feature of Rostow s stage of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» D. drive to maturity | |
| 12. |
The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of |
| A. | investment |
| B. | national income |
| C. | export |
| D. | import |
| Answer» C. export | |
| 13. |
The Entrepreneurial Leadership and Boredom are non-economic factors of the Rostow s stages of growth of |
| A. | the traditional society |
| B. | pre-conditions for take off |
| C. | the take off stage |
| D. | drive to maturity |
| Answer» E. | |
| 14. |
The rate of growth of output which is required to fully employ the entire growing labour force is the |
| A. | warranted (required) rate of growth |
| B. | actual rate of growth |
| C. | sustainable rate of growth |
| D. | natural rate of growth |
| Answer» E. | |
| 15. |
The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of -------- |
| A. | warranted (required) rate of growth |
| B. | actual rate of growth |
| C. | sustainable rate of growth |
| D. | natural rate of growth |
| Answer» B. actual rate of growth | |
| 16. |
The Harrod-Domar growth model is based on the relationship of what two economic elements? |
| A. | raw materials and technology |
| B. | savings and investment |
| C. | educational enrolment and number of teachers |
| D. | tariff and tax levels |
| Answer» C. educational enrolment and number of teachers | |
| 17. |
Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output. |
| A. | warranted (required) rate of growth of output |
| B. | actual rate of growth of output |
| C. | sustainable rate of growth of output |
| D. | natural rate of growth of output |
| Answer» C. sustainable rate of growth of output | |