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. The need for a minimum quantum of investment to overcome indivisibilities
B. Only agricultural development
C. Complete reliance on market forces
D. Gradualism in investment
Answer: Option A
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 Green Revolution in India was primarily associated with:
A. organic farming
B. high-yielding varieties of wheat and rice
C. increasing output of pulses
D. horticulture

Correct Answer: Option B


Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is:
A. 0%
B. 18%
C. 5%
D. exempt

Correct Answer: Option D


Explanation:
PMJJBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Phillips curve' in the long run is generally considered to be:
A. vertical at the natural rate of unemployment
B. upward sloping
C. horizontal
D. downward sloping

Correct Answer: Option A


Explanation:
The long-run Phillips curve is vertical, implying no permanent trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1