A. Quickly catering to the tastes of the consumers
B. Bringing about changes in the tastes of consumers
C. Providing the existing goods at the lowest price
D. All the above actions
Related Mcqs:
- The entrepreneurs undertake new development activities :
A. By investing their savings
B. By roping in rich capitalists
C. By securing credit from the banks
D. By securing grants from the government - In his theory about development Marx Schumpeter was influenced by: ___________?
A. Neo-Classists
B. Classists
C. Karl Marx
D. Alvin Hansen - In his theory of development Schumpeter has laid stress on: __________?
A. Leadership
B. Ownership
C. Capital formation
D. Accumulated capital
E. None of these - In schumpeter’s theory of development maximum stress has been laid on: _________?
A. Capital
B. Interest
C. Land
D. Industrialisation
E. Entrepreneurship - Schumpeter is associated with: _____________?
A. Neo-classical theory of development
B. Narxian theory of development
C. Theory of entrepreneur
D. None of the above theories - Schumpeter held that significant advances in national production occur by disharmonious leaps and spurts. This idea was:
A. His original contribution
B. Borrowed by him from Marx
C. Borrowed by Schumpeter from neo-classical thinkers
D. None of the above - Which one of the following has been wrongly listed as a defect of Schumpeter’s theory?
A. He wrongly asserts that capitalism is crumbling and socialism is likely to replace it
B. His theory is defective in so far as it tries to present the spirit of enterprise as a phenomenon common to all social organisations
C. His assumption that all innovations are financed by borrowings is not correct because banks generally provide only short-term loans
D. None of the above - According to the classical theory of development, the development of a country depends on: ___________?
A. Land, labour and capital
B. Labour, capital and technology
C. Technology and capital
D. Labour and technology - Which one of the following did not contribute in the consolidation of power of the kings in modern state during 16th and 17th centuries?
A. Desire of the people to have strong monarchy
B. Resentment against church
C. Resentment against feudal system
D. Desire for security by the people
E. Conflict between the church and the state - Political parties contribute to the proper working of parliamentary government by:
A. Assisting poor candidates with financer to contest the election
B. By providing organised majority to back the Council of minsters
C. By maintaining peace in the country
D. By educating the public about the variour problems facing the country
