M.A. (Semester IV) (CBCS) Examination Mar/Apr-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
According to Adam Smith is/are act as the economic agent.
Farmers
Industrialist
Landlord
All the above
In Marxian theory of development, the ratio of is the rate of Surplus value.
Surplus value to variable capital
Variable capital to surplus value
Profit to surplus value
All of the above
Hirschman and other economists he pleaded for
Agricultural growth
Balanced growth
Industrial growth
Unbalanced growth
Match the pair:
Adam Smith
Das Capital
David Ricardo
Principles of Political Economy
Karl Marx
Wealth of Nation
Dr. Marshall
The Principles of Political Economy
a-4 b-3 c-2 d-1
a-1 b-2 c-3 d-4
a-4 b-2 c-3 d-1
a-3 b-4 c-1 d-2
are the indicators of economic development.
Growth in GNP
Growth in Per Capita Income
Reduction in Poverty
All the above
Unbalanced growth strategy was supported by
Prebish Singer
Arthur Lewis
Ragnor Nurkse
Leibenstein
Demographic transition refers to
Shift from high birth and low death rates
Shift from stable population at high birth and death rates to low birth and death rates
Change in the male-female ratio of population
Migration of population from rural to urban areas
Q.2
Short notes:- (Any four)
14

Factors of economic development

Industrial Reserve Army

Gini Coefficient

Low level income equilibrium trap

Inclusive growth
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SLR-HZ-20
Q.3
Short answer type questions:- (Any two)
14

Explain the Adam Smith's economic development theory?

Explain the Gunnar Myrdal's theory of circular causation?

Explain the Demographic Transition Theory?
Q.4
Answer any one question:
14

Elaborate Harrod and Domar model of economic development.

Explain the role of fiscal policy in stabilizing the economy?
Q.5
Explain the Kuznet's inverted U shape curve of development.
14