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. Amartya Sen

B. W.W. Rostow

C. Arthur Lewis

D. Paul Rosenstein-Rodan

Answer: Option D

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

The 'Goods and Services Tax' rate on railway passenger transport is:

A. 0%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Railway passenger transport is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The J-curve effect suggests that after a currency depreciation, the trade balance:

A. improves immediately

B. is unaffected

C. initially worsens before improving

D. never improves

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Correct Answer: Option C

Explanation:
The J-curve effect shows that trade balance may worsen initially after depreciation before improving.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on transport of passengers by rail is:

A. 12%

B. 0%

C. 18%

D. exempt for general class and 5% for AC classes

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Correct Answer: Option D

Explanation:
Rail passenger transport is exempt for general class and 5% for AC classes.

This question belongs to: Economy GK Economy Set 1

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