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
Related Mcqs:
- Which one of the followings has been wrongly listed as a defect of the theory of natural rights
A. There is no commonly agreed list of natural rights
B. The natural rights often conflict with each other
C. There is a universal agreement regarding the lists of natural rights
D. It assumes that rights can exist independent of state - Which one of the following features has been wrongly listed as one of the ingredient of Marxian theory of development?
A. Class-struggle
B. Theory of surplus value
C. Centralisation of capital
D. None of the above - Which one of the following has been wrongly listed as a shortcoming of the Divine Origin Theory?
A. It is dangerous because it leaves sufficient scope for the ruler to assume despotic powers
B. It leads to political stagnation and hampers progress
C. It is based on superstition and does not appeal to reason
D. It is not supported by history - Which one of the following is wrongly listed as a feature of Liberal theory of democracy?
A. It emphasises that the power rests with the people
B. It holds that common interest can be realised only through democratic government
C. It concedes to the people the right to oppose the state
D. It does not give any power to the people to oppose the authority of the state - Which one of the followings has been wrongly listed as a feature of the Elitist theory of democracy?
A. The positions of control and decision-making mechanism in the political system are always occupied by a small group of individuals
B. There is no competition and adjustment among the various elite groups existing in a society
C. The elite groups are well-organised
D. The elite group generally tries to protect its own interests - Which one of the followings has been wrongly listed as contribution of Rousseau to the Liberal theory of democracy?
A. General Welfare
B. Natural Equality
C. Consent of people as basis of state
D. Inalienable right of individual to determine their affairs - 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 - 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 - Which one of the following features of Legal Justice has been wrongly listed?
A. There can be no justice without law
B. There must be courts or other semi-judicial bodies to impart justice
C. Legal justice has no relationship with punishment
D. Legal justice demands equal rights for all members with discrimination - Which one of the following has been wrongly listed as a feature of Fascism?
A. Single Party dictatorship
B. Intense nationalism
C. Internationalism
D. Racialism
