Deck 3: Important Figures and Concepts in Indian Economics

Question 1

The Drain Theory is associated with the name of

A)kautilya
B)gandhiji
C)dadabhai naroji
D)ranade

Answer 1

dadabhai naroji

Question 2

Dadabhai Naroji attributed poverty of India to

A)over population
B)scarcity of capital
C)british rule
D)none of the above

Answer 2

british rule

Question 3

Dadabhai Noaroji attributed external drain to:

A)unrequired exports and no equivalent imports
B)unrequired imports and no equivalent exports
C)unrequired exports and equivalent imports
D)all the above

Answer 3

unrequired exports and no equivalent imports

Question 4

Ambedkar was a champion of

A)capitalism
B)socialism
C)mixed economy
D)state socialism

Question 5

Ambedkar's idea of state socialism is based on the unique blend of

A)marxism and buddhism
B)buddhism and gandhism
C)marxism and gandhism
D)all the above

Question 6

The chief architect of Indi's second five year Plan was:

A)gandhiji
B)harrod domar
C)p.c.mahalanobis
D)dadabai naoroji

Question 7

Mahalanobis aimed at the economic development of India through

A)agricultural development
B)industrial development
C)both agricultural and industrial development
D)none of the above

Question 8

The most important contribution of Mahalanobis is related to :

A)the design of large scale surveys
B)the design of a plan strategy
C)the starting of a journal
D)none of the above

Question 9

The wage good model was developed by

A)mahalanobis
B)naoroji
C)c.n.vakil and p.r.brahmananda
D)gandhiji

Question 10

V.K.R.V. Rao is remembered for his contribution on:

A)national income of india
B)deficit financing
C)capital formation
D)economic development

Question 11

The formula adopted for distribution of Plan assistance during 4th and th Plan was:

A)gadgil formula
B)modified gadgil formula
C)mahalanobis formula
D)none of the above

Question 12

The forword to India's 1st Five Year Plan was written by:

A)v.k.r.v.rao
B)ambedkar
C)k.n.raj
D)c.n.vakil

Question 13

Who among the following computed India's balance of payment for the first time for Reserve Bank of India:

A)k.n.raj
B)c.n.vakil
C)p.r.brahmananda
D)ambedkar

Question 14

Amartya Sen was awarded Nobel Prize in Economics for his contribution to

A)welfare economicsand social choice theory
B)welfare economics and development economics
C)welfare economics and inequality
D)none of these

Question 15

The world witnessed a great depression during -

A)1929-33
B)1939-43
C)1919-23
D)1911-16

Question 16

The most prominent representative of supply side economics was :

A)keynes
B)arthur laffer
C)richard hey
D)a.c. pigou

Question 17

The ---- theory is associated with the name of Dadabai Naoroji.

A)demonstration
B)drain
C)surplus value
D)pocwery

Question 18

Dadabai Naoroji attributed ----- of India to British rule.

A)independence
B)poverty
C)unemployment
D)mortality

Question 19

Ambedkar's idea of ------ is based on a unique blend of Marxism and Budhism.

A)gandhism
B)state capitalism
C)anarchy
D)state socialism

Question 20

------ is regarded as the chief architect of Indian constitution.

A)nehru
B)gandhi
C)ambedkar
D)rajagopalachari