WorksheetsDevelopment Economics(Sem 4)
Total questions: 10
Worksheet time: 5mins
Which of the following could not be considered a major economic system?
capitalism
communism
socialism
human development index
Which of the following was not a classical economist?
adam smith
malthus
ricardo
keynes
As economic development proceeds, income inequality tends to follow a(n) __________ curve
convex.
inverted U-shaped
L-shaped
S-Shaped.
Adam Smith advocated
I laissez-faire.
II the invisible hand.
III free-trade policy.
IV competitive markets.
I & II
ONLY I
I,II &III
I,II,III AND IV
Rostow's economic stages are
the preconditions for takeoff, the takeoff, the drive to maturity, and the age of creative destruction.
the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption.
the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption
NONE OF THESE
A value of 1 in Gini index represents
low inequality
maximum inequality.
1% inequality.
I & III
The Essay on the Principle of Population was written by
The World Bank
Julian Simon.
Thomas Robert Malthus
Abraham Lincoln.
If people with higher incomes pay a higher percentage of income in taxes, the income tax structure is
progressive.
regressive
value-added taxes (VAT)
excise taxes.
Which growth model inspired the use of capital-output ratio for development planning?
The Harrod-Domar model
Solow's model
Kaldor's model
Feldman's model
ITR filing deadline for FY19 extended till
30 June
30 April
30 July
30 May
