The 'unbalanced growth theory' was proposed by: MCQ with Answer and Explanation

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The 'unbalanced growth theory' was proposed by:

A. Paul Rosenstein-Rodan

B. Arthur Lewis

C. John Maynard Keynes

D. Albert Hirschman

Answer: Option D

Solution (By JKSSB Mock Tests)

Albert Hirschman proposed the theory of unbalanced growth.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'base effect' in inflation refers to:

A. the effect of money supply on prices

B. inflation measured against a low or high price level in the previous year

C. the effect of changing the base year of GDP

D. the effect of exchange rate on imports

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Correct Answer: Option B

Explanation:
Base effect refers to the influence of the previous year's price level on the current inflation rate.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Kisan Vikas Patra' is a:

A. bank account

B. stock market instrument

C. small savings certificate scheme

D. crop insurance scheme

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Correct Answer: Option C

Explanation:
Kisan Vikas Patra is a small savings certificate scheme.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on housekeeping services is:

A. 28%

B. 12%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Housekeeping services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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