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. Increasing a country’s stock of real capital (net investment in fixed essels)__________________?

   A. Capital accumulation
   B. Capital dumping
   C. Capital stock
   D. None

4. The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

   A. capital flight
   B. capital account
   C. capital deficit
   D. All of these

5. Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?

   A. Money supply
   B. Money lender
   C. National income
   D. None

6. The increasing integration of national economies into expanding international market ?

   A. Randomization
   B. Globalization
   C. Economic integration
   D. None

7. 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

8. A country’s potential for economic growth is greatly influenced by its endowments of__________________?

   A. Physical resources
   B. Human resources
   C. Both a and b
   D. None of these

9. 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

10. Stage of growth model development was porposed by____________________?

    A. Rostow
    B. Harrod Dommer
    C. Keynes
    D. Theodore