Which one of the following put forth classical theory of development?

Related Mcqs:

1. 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

2. Which one of the following writer was not associated with the classical theory of development?

   A. Adam Smith
   B. Ricardo
   C. Malthus
   D. Marshall

3. 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

4. Which one of the following criticism levelled against the classical theory of development is not correct?

   A. It underestimated the possibility of technological progress
   B. It failed to adequately analyze the problem of maintaining aggregate demand
   C. It attached too much importance to the role of technology in development
   D. None of the above

5. Hobbes put forth theory of Social Contract with a view to:__________?

   A. Defend the absolute powers of the monarchy
   B. Assert the right of the people to rule themselves
   C. Assert the authority of the Parliament
   D. Justify the dominance of the aristocratic classes

6. Non-classical theory of development became necessary:

   A. Due to technological and resource discoveries of the nineteenth century
   B. Deu to fast deteriorating condition of the workers in Europe
   C. Due to fear of revolution created by the preaching’s Marx
   D. Due to all the above reasons

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

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

8. 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

9. 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

10. Which one of the following thinkers put forth the idea of a welfare state?

    A. Hobbes
    B. Locke
    C. Laski
    D. Marx