Political Science Past Paper Solved MCQs Online Test No. 91

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Test Instructions:-
Test Name	Lecturer Political Science
Subject	Political Science Test 91
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Political Science Online Test No. 91

1 / 25

Schumpeter held that significant advances in national production occur by disharmonious leaps and spurts. This idea was:

His original contribution

Borrowed by him from Marx

Borrowed by Schumpeter from neo classical thinkers

None of the above

2 / 25

The classical economists opposed government interference because:

It keeps prices of food high by levying high tariffs.

It subsidized the poor.

It encouraged overpopulation.

It appropriated a part of purposes.

On account of all the above reasons.

3 / 25

Schumpeter is associated with:

Neo-classical theory of development.

Marxian theory of development.

Theory of entrepreneur

None of the above theories

4 / 25

The labour theory of value which formed one of the features of theory of development offered by Ricardo was:

His original idea

Borrowed from Adam Smith

Borrowed from Marx

None of the above

5 / 25

The Theory of Economic Maturity carried forward the ideas worked in The General Theory of Employment, Interest and Money by:

Adam Smith

Ricardo

Keynes

Marshall

6 / 25

Marxian theory of development:

Was essentially an economic theory.

Was essentially a political theory.

Was essentially a socio-economic theory.

Was a blend of economic, sociological, political factors

7 / 25

According to Schumpeter the entrepreneurs contribute to development by:

Quickly catering to the tastes of the consumers.

Bringing about changes in the tastes of consumers

Providing the existing goods at the lowest price.

All the above actions.

8 / 25

Who looked upon economic development as a race between capital accumulation population growth?

Marxian writers

Classical writers

Non- classical writers

All the three

9 / 25

The capital accumulation which according to Marx, contributes to development is rendered possible by:

Technological improvement

Reduction of wages.

Increase in working hours

None of the above

10 / 25

Theory of Economic Maturity regarding development is associated with:

Schumpeter

Keynes

Alvin Hansen

All the above

11 / 25

The neo-classical thinkers:

Reiterated their faith in the people that wages are determined by supply and demand.

Asserted that the wages are determined by the productivity of the last worker employed

Asserted that the wages of workers had consistently increased.

None of the above

12 / 25

Who expressed the opinion that "the developed countries were never under developed through they may have been underdeveloped?

Marx

A.C. Frank

Lenin

None of the above

13 / 25

The Entrepreneur theory of development holds that:

Talented type of individuals play an important role in development.

Rich capitalists play an important role in development.

Rich people with the help of some enterprising persons contribute to development.

None of the above

14 / 25

Which one of the following criticism levelled against the classical theory of development is not correct?

It underestimated the possibility of technological progress.

It failed to adequately analyse the problem of maintaining aggregatedemand

It attached too much importance to the role of technology in development

None of the above

15 / 25

An underdeveloped country is one which has good potential prospects for using:

More capital

More labour

More available natural resources

All the above

16 / 25

According to Ricardo the key role in economic development is played by:

The Labourers

The landlords

The capitalists

The scientists

17 / 25

The entrepreneurs undertake new development activities:

By investing their savings.

By roping in rich capitalists.

By securing credit from the banks

By securing grants from the government

18 / 25

Hansen argued that as compared to the nineteenth century the development at present suffered from two limitations viz...:

Shifting frontiers and growing population.

Decline in purchasing capacity and growing unemployment.

Technological changes and presence of large labour force.

Growing population and prevailing unemployment.

19 / 25

Which one of the following statements is correct?

Neo-classical thinkers were against existing privileges.

Neo-classical thinkers justified the existing social order

Neo-classical thinkers were revolutionaries.

None of the above

20 / 25

Which one of the following has been wrongly listed as a feature of model of development offered by neo-classical thinkers?

Development is a gradual and continuous process.

The process of development has harmonious and cumulative nature.

They are quite optimistic about the possibilities of continued economic progress.

None of the above

21 / 25

Which one of the following features has been wrongly listed as one of the ingredient of Marxian theory of development?

Class-struggle

Theory of surplus value.

Centralisation of capital.

None of the above

22 / 25

Hansen used the theory of Economic Maturity to examine the problems arising:

In the wake of World War I.

In the wake of World War II.

In the wake of economic crisis of thirties

In the sixties.

23 / 25

The neo-classical writers believed that economic development benefits:

All the major income groups

Only the capitalists

Only the workers

None of the above

24 / 25

The Mandan theory of development was greatly influenced by:

The English classical school.

The German historical school.

By both the above schools

By none of the above two schools.

25 / 25

Neo-classical theory of development became necessary:

Due to technological and resource discoveries of the nineteenth century

Due to fast deteriorating condition of the workers in Europe.

Due to fear of revolution created by the preaching of Marx.

Due to all the above reasons.

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