M.A. (Semester IV) (CBCS) Examination Nov/Dec-2018
Economics
ECONOMICS OF GROWTH AND DEVELOPMENT
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Select the correct answer 14
of the following is known as full capacity growth rate.
Actual growth rate Warranted growth rate
Natural growth rate None of the above
Which one of the following is an assumption of Harrod-Domar model?
Change in interest rate
Closed economy
Variable capital-output ratio
Variable marginal and average propensity to save
Sustainable development means
Development of underdeveloped countries
Meeting the needs of present generation without compromising the
needs of future generation
Development of resources
Water resources
The concept of Invisible Hand is given by
Adam Smith David Ricardo
J. M. Keynes J. Schumpeter
The Gini coefficient is related with
Income equality Income inequality
Economic development Economic growth
According to Nelson there is high correlation between
The level of per capita income and rate of population growth
The level of total income and rate of population growth low
The level of total expenditure and rate of population growth
None of the above
Innovation means
Introduction of new method of production
Introduction of new commodity
Introduction of new raw material
All the above
Q.2 Write short notes (any four) 14
Economic Growth and development
Circular causation
Low level equilibrium trap
Spread Effect
Surplus Value of Capital
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SLR-HS-20
Q.3 Write short answer (any two) 14
Explain the Ramsay's rule of economic development?
What is the embodied and dis-embodied technological progress?
Explain is the balanced growth theory?
Q.4 Answer any one questions 14
Discuss the Solow model of economic development.
Explain the critical minimum effort theory.
Q.5 Explain the Joan Robinson's economic theory of development. 14