A. The English classical school
B. The German historical school
C. By both the above schools
D. By none of the above two schools
Related Mcqs:
- The Mandan theory of the origin of state has been condemned because it:
A. Considers state as a natural institution?
B. Considers state as a divine institution
C. Considers state as an instrument of class coercion
D. Considers state as the first condition of civilisation - In his theory about development Marx Schumpeter was influenced by: ___________?
A. Neo-Classists
B. Classists
C. Karl Marx
D. Alvin Hansen - According to the Mandan thinkers:
A. There can be no justice under the capitalist system
B. Justice under Capitalist system is possible only if key industries are nationalised
C. Justice has no relation with the system of production
D. Justice under capitalist system is possible only if the workers are given due share in the management of industries - Rousseau’s theory of social contract very much influenced the organizers of: ____________?
A. Industrial Revolution
B. French Revolution
C. Glorious Revolution
D. Glorious Revolution
E. Russian Revolution - 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 - Those who view development not in purely economic terms but in socio cultural matrix attribute the development to: __________?
A. The form of government
B. The legal system
C. Standards of education and health
D. All the above - In his theory of development Schumpeter has laid stress on: __________?
A. Leadership
B. Ownership
C. Capital formation
D. Accumulated capital
E. None of these - The chief defect of the neo-Classical theory of development is: __________?
A. It attaches too much importance to factors like political stability and attitude of the people
B. It completely ignores factors like political stability and attitudes of people
C. It refused to consider development as a gradual and continuous process
D. It completely ignores the importance of interest as a factor in establishing equilibrium between supply of savings and demand for capital
