Question 1

The basic logic behind the 'big-push' strategy of development is related to .
A)Internal economies
B)External economies
C)An optimum combination
D)Both A and B

Accepted Answer

The 'big-push' strategy emphasizes the role of external economies, suggesting that large-scale investments in various sectors simultaneously can lead to overall economic development.

Question 2

Under the 'big-push' strategy of development, large investments are to be directed towards __________.
A)Agriculture
B)Industry
C)Power

Accepted Answer

The answer of Under the 'big-push' strategy of development, large...

Question 3

The division of labour, according to Adam Smith, is limited by __________.
A)The extent of the market
B)The quantity of capital available
C)Both (a) and (b)
D)The size of labour force

Accepted Answer

Adam Smith argued that the division of labour is limited by both the extent of the market and the quantity of capital available. The larger the market, the more specialized workers can become, and the more capital there is, the more that can be invested in tools and machinery to further divide labour.

Question 4

The 'big-push' strategy of development was first advocated by:
A)Paul N-Rosenstein-Rodan
B)Simon Kuznets
C)W. A. Lewis
D)A. O. Hirshman

Accepted Answer

Paul N. Rosenstein-Rodan is credited with first advocating the 'big-push' model of development, which posits that a certain minimum amount of investment is necessary to achieve development in underdeveloped economies.

Question 5

Who has given "Big Push Theory"?
A)R. Rodan
B)Jack Hamilton
C)Amritya Sen
D)Dr. Abhishek Mathur

Accepted Answer

"Big Push Theory" was proposed by Rosenstein-Rodan. It suggests that a certain amount of initial investment is necessary to overcome the barriers to economic development in underdeveloped countries.

Quiz 2: Economic Growth and Development Theory: Part B

The basic logic behind the 'big-push' strategy of development is related to .

Under the 'big-push' strategy of development, large investments are to be directed towards __________.

The division of labour, according to Adam Smith, is limited by __________.

The 'big-push' strategy of development was first advocated by:

Who has given "Big Push Theory"?