Related Mcqs:

1. “All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

   A. Economic development theory
   B. Big Push theory of development
   C. Rostow’s development plan
   D. Harod Domes model

2. An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

   A. Command economy
   B. Closed economy
   C. Open economy
   D. None

3. A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

   A. Tradititional economics
   B. Development economics
   C. Political economics
   D. None

4. A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

   A. IMF
   B. Islamic Bank
   C. Commercial bank
   D. None

5. “The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of?

   A. Rostow growth stages
   B. Keynesian development theory
   C. Harod-Domar growth model
   D. None

6. Economic model describing growth of the economy on one or at most a few sectors and variables?

   A. Formal growth model
   B. Functional growth model
   C. Aggregate growth model
   D. None

7. An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

   A. Pure capitalism
   B. Command Economy
   C. Closed economy
   D. Open economy

8. ______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

   A. Traditional economy
   B. Political economy
   C. Capitalistic economy
   D. Open economy

9. A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?

   A. Current account
   B. Fixed account
   C. Saving account
   D. Capital account

10. An economic system in which traditions and customs determine how the economy would use its scare resources ?

    A. Traditional economy
    B. Mixed economy
    C. capitalistic economy
    D. Command economy