The 'big push theory' of development was proposed by: MCQ with Answer and Explanation

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The 'big push theory' of development was proposed by:

A. Paul Rosenstein-Rodan

B. Arthur Lewis

C. W.W. Rostow

D. Amartya Sen

Answer: Option A

Solution (By JKSSB Mock Tests)

The big push theory was proposed by Paul Rosenstein-Rodan.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of elasticity, if the cross elasticity of demand between two goods is positive, the goods are:

A. Giffen goods

B. Inferior goods

C. Substitutes

D. Complements

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Correct Answer: Option C

Explanation:
A positive cross elasticity of demand indicates that the goods are substitutes; a rise in the price of one increases the demand for the other.

This question belongs to: Economy GK Economy Set 1

Question #2

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The Bharatmala Pariyojana is related to:

A. airport modernization

B. development of national highways and roads

C. development of ports

D. expansion of railways

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Correct Answer: Option B

Explanation:
Bharatmala Pariyojana is a national highways and road development programme.

This question belongs to: Economy GK Economy Set 1

Question #3

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A consumer consuming a single commodity attains equilibrium when:

A. MU of the commodity is zero

B. MUx divided by Px equals marginal utility of money

C. Px is greater than MUx

D. TU is rising

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Correct Answer: Option B

Explanation:
For one commodity, consumer equilibrium occurs when MUx/Px equals the marginal utility of money.

This question belongs to: Economy GK Economy Set 1

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