A. Talented type of individuals play an important role in development
B. Rich capitalists play an important role in development
C. Rich people with the help of some enterprising persons contribute to development
D. None of the above
Related Mcqs:
- Entrepreneur theory about development is associated with the name of: __________?
A. T.S. Colesman
B. G.A. Almond
C. Karl Marx
D. Schumpeter
E. Edward A Shills - 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 of following thinkers built up theory of development around theory wages and rent?
A. Marx
B. Ricardo
C. Adam Smith
D. None of the above - The labour theory of value which formed one of the feature of theory of development offered by Racardo was: ____________?
A. His original idea
B. Borrowed from Adam Smith
C. Borrowed from Marx
D. None of the above - The Evolutionary theory holds that:__________?
A. The state was created during the early periods of human history
B. State was created by revolution
C. State was created in the fourteenth century
D. State is the result of slow process of growth - The Theory of Natural Rights holds that: ________?
A. Rights are a divine creation
B. Rights came from pre-civil society
C. Rights were granted by the King
D. Rights are granted by the constitution - The Social Welfare theory holds that: _________?
A. Rights exist for the good of the weaker sections of society
B. Rights are powers granted to the rulers to promote social welfare
C. Rights are the conditions of social welfare
D. Rights is another name for the power of the state used for social welfare - The legal theory of rights holds that:
A. The rights are granted to the individual by the state but it cannot take them back without the consent of the majority:
B. The rights are granted to the individual by the state and can be taken back by it
C. The state does not grant rights to the individual but can curtail his rights
D. The state neither grants rights to the individual nor can it restrict them - The Legal Theory of Rights holds that:
A. The rights are the creation of state
B. The rights are natural and the state merely recognises them
C. The rights are prior to the state
D. The sights are fixed and static - Marx’s theory of surplus value holds that:
A. Labour must be paid minimum wages irrespective of the quantum of goods produced and the profit be passed on to the state
B. The labourers be paid fixed salary and all the profits earned should be used for social good
C. There is difference between what a labourer produces and what he is paid. This difference is known as surplus value and is pocketed by the capitalists.
D. None of the above
