The chief defect of the neo-Classical theory of development is: __________?

Related Mcqs:

1. Which one of the following has been wrongly listed as a feature of model of development offered by neo-classical thinkers?

   A. Development is a gradual and continuous process
   B. The process of development has harmonious and cumulative nature
   C. They are quite optimistic about the possibilities of continued economic progress
   D. None of the above

2. The neo-classical thinkers about development believe that existing social order:

   A. Should be destroyed
   B. Should be preserved
   C. Should be modified to certain extent
   D. Was not conducive for the utilisation of existing resources

3. 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

4. The neo-classical thinkers:

   A. Reiterated their faith in the people that wages are determined by supply and demand
   B. Asserted that the wages are determined by the productivity of the last worker employed
   C. Asserted that the wages of workers had consistently increased
   D. None of the above

5. The neo-classiest in their development theory have laid stress on: _________?

   A. Capital formation
   B. Rate of interest
   C. Surplus value
   D. Dialectical materialism
   E. Proletariat revolution

6. The chief defect of direct election is: ___________?

   A. It promotes aversion towards public affairs
   B. It is not in keeping with democratic principles
   C. It has no educative value
   D. Representatives are responsive to public opinion

7. The chief defect of the multi-party system is:

   A. It leads to cabinet dictatorship
   B. People have very limited choice in the selection of their representatives
   C. The opposition cannot freely criticise the policies of the government
   D. It leads to frequent constitutional crisis

8. The most elaborate exposition of classical theory of development was offered by: ________?

   A. Adam Smith
   B. Ricardo
   C. J.S. Mill
   D. Malthus

9. Which one of the following classical thinkers based the development theory on the prinicple of population?

   A. Malthus
   B. Adam Smith
   C. J.S Mill
   D. All the above

10. The Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by: _________?

    A. Ricardo
    B. Adam Smith
    C. J.S. Mill
    D. Malthus