In the context of economic development, the 'Big Push' theory is associated with: MCQ with Answer and Explanation

In the context of economic development, the 'Big Push' theory is associated with:
A. Only agricultural development
B. Gradualism in investment
C. Complete reliance on market forces
D. The need for a minimum quantum of investment to overcome indivisibilities
Answer: Option D
Solution (By JKSSB Mock Tests)
The Big Push theory, associated with Rosenstein-Rodan, argues that a large, coordinated investment is required to overcome complementarities and indivisibilities in developing economies.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on salon services is:
A. 5%
B. 28%
C. 12%
D. 18%

Correct Answer: Option D


Explanation:
Salon services attract 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'reflation' refers to:
A. policy measures to stimulate the economy after a period of deflation or recession
B. increase in unemployment
C. reduction in money supply
D. a fall in prices

Correct Answer: Option A


Explanation:
Reflation refers to policies to revive the economy after deflation or recession.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Central Board of Direct Taxes' is a part of:
A. NITI Aayog
B. Ministry of Finance
C. SEBI
D. RBI

Correct Answer: Option B


Explanation:
CBDT is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1