Economics: Multiple Choice Questions with Answers


51. “Natural resources determine the course of development and constitute the challenge which may not be accepted by the human mind”. Who has said it?

A. W. Arthur Lewis

B. J.I. Fisher

C. Jan Tinbergen

D. W.W. Rostow

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Correct Answer is A

52. “Underdeveloped countries are the slums of the World Economyā€¯. This statement is by______.

A. Ragnar Nurkse

B. A.N. Caimcross

C. Colin Clark

D. Jagdish Bhagwati

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Correct Answer is B

53. According to W.W. Rostow, the stages of economic growth are –

A. Two

B. Three

C. Four

D. Five

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Correct Answer is D

54. By ______ growth rate of an economy can be sped up.

A. Investment in share market

B. Investment abroad

C. Investment in human capital formation

D. Investment in the primary sector

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Correct Answer is C

55. Planning from below is known as –

A. Centralized planning

B. Functional planning

C. Decentralized planning

D. Structural planning

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Correct Answer is B

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