The 'take-off' stage in Rostow's model is characterized by: MCQ with Answer and Explanation

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The 'take-off' stage in Rostow's model is characterized by:

A. decrease in savings

B. decline in investment

C. agricultural stagnation

D. rapid increase in investment and industrialization

Answer: Option D

Solution (By JKSSB Mock Tests)

Take-off is marked by a sharp rise in investment and industrial growth.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A current account surplus occurs when:

A. exports of goods, services and income exceed imports

B. imports exceed exports

C. capital outflows exceed inflows

D. foreign exchange reserves fall

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Correct Answer: Option A

Explanation:
A current account surplus occurs when exports of goods, services and income exceed imports.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is an example of a positive externality?

A. Congestion on roads

B. Vaccination by an individual

C. Noise from a construction site

D. Pollution from a factory

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Correct Answer: Option B

Explanation:
A positive externality confers benefits on third parties. Vaccination protects not only the individual but also reduces the spread of disease to others.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'NABARD' was established on the recommendation of which committee?

A. Rangarajan Committee

B. Sivaraman Committee

C. Gadgil Committee

D. Narasimham Committee

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Correct Answer: Option B

Explanation:
NABARD was established on the recommendation of the Sivaraman Committee.

This question belongs to: Economy GK Economy Set 1

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