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general studies prepared by www winmeen com 12th economics lesson 9 questions in english 9 economics of development and planning 1 who among the following stated this plan your work ...

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          General Studies                                                                                              Prepared By www.winmeen.com 
           
                                 12th Economics Lesson 9 Questions in English 
                                  9] Economics of Development and Planning 
          1. Who among the following stated this: 
              “Plan your work for today and every day, then work your plan.” 
             a)  Margaret Thatcher 
             b)  Magnus Carlson  
             c)  Mahatma Gandhi  
             d)  Motilal Nehru 
          Explanation  
          A good plan may fail due to faulty implementation. But a faulty plan cannot succeed through good 
          implementation. “Plan your work for today and every day, then work your plan.”  
                                                                      -Margaret Thatcher 
                                                                       
          2. Which of the following statement is correct? 
             1)  The concept "development" refers to the structural changes towards betterment. 
             2)  The  Under  Developed  Countries  (UDCs)  were  once  the  colonies  of  England  and  other 
                European countries 
             3)  After the Second World War, economists started devoting their attention towards analyzing 
                the  problems  of  underdeveloped  countries  and  formulating  theories  and  models  of 
                development and growth 
                    a)  1, 2 
                    b)  1, 3 
                    c)  2, 3 
                    d)  All the above 
          Explanation 
          The concept "development" refers to the structural changes towards betterment. Until the World 
          War II, interest was rarely shown on the problems of the present day third World Countries. After 
          the Second World War, economists started devoting their attention towards analyzing the problems 
          of underdeveloped countries and formulating theories and models of development and growth. The 
          Under  Developed  Countries  (UDCs)  were  once  the  colonies  of  England  and  other  European 
          countries.  After  becoming  free  and  independent,  there  was  an  awakening  to  march  towards 
          economic development. 
           
          3. How many approaches are there to the concept of development? 
             a)  4 
             b)  2 
             c)  3 
             d)  1 
          Explanation 
          Learning Leads To Ruling                                                                           Page 1 of 27 
          General Studies                                                                                              Prepared By www.winmeen.com 
           
          There are two main approaches to the concept of development viz i) the traditional approach and 
          ii) the new welfare-oriented approach. 
           
          4. Which of the following statement about Traditional Approach is correct? 
             1)  The traditional approach defines development strictly in economic terms.  
             2)  It emphasizes the importance of industrialization. 
             3)  The increase in GNP is accompanied by decline in share of agriculture in output and 
                employment while those of manufacturing and service sectors increase 
                    a)  1, 2 
                    b)  1, 3 
                    c)  2, 3 
                    d)  All the above 
          Explanation  
          The traditional approach defines development strictly in economic terms. The increase in GNP is 
          accompanied  by  decline  in  share  of  agriculture  in  output  and  employment  while  those  of 
          manufacturing and service sectors increase. It emphasizes the importance of industrialization. It 
          was assumed that growth in GNP per capita would trickle down to people at the bottom. 
           
          5. What was the slogan during 1970s New Welfare oriented Approach? 
             a)  Arise awake  
             b)  Country is for countrymen only  
             c)  Redistribution with Growth 
             d)  Unemployment  
          Explanation  
          During 1970s, economic development was redefined in terms of reduction of poverty, ‘inequality’ 
          and unemployment within the context of a growing economy. In this phase, ‘Redistribution with 
          Growth’ became the popular slogan. To quote Michael P. Todaro, “Development must, therefore, be 
          conceived as a multidimensional process involving major changes in social structures, popular 
          attitudes and national institutions as well as the acceleration of growth, the reduction of inequality 
          and the eradication of absolute poverty” 
           
          6. Which of the following are predominant in underdeveloped countries? 
             1)  Agriculture 
             2)  wide inequality in distribution of income and wealth 
             3)  low population 
             4)  low rate of capital formation 
                    a)  1, 3, 4 
                    b)  2, 3, 4 
                    c)  1, 2, 4 
                    d)  All the above 
          Explanation  
          Learning Leads To Ruling                                                                           Page 2 of 27 
          General Studies                                                                                              Prepared By www.winmeen.com 
           
          The UDCs are characterized by predominance of primary sector i.e. agriculture, low per capita 
          income, widespread poverty, wide inequality in distribution of income and wealth, over population, 
          low rate of capital formation, high rate of unemployment, technological backwardness, dualism 
          etc. 
           
          7. According to World development report GNI Per Capita of low-income countries? 
             a)  $906 And below 
             b)  $11, 115 and below 
             c)  $11, 115 and above 
             d)  $906 And above 
          Explanation  
                                                                           
           
          8. Which of the following are the state of economy of under-developed countries? 
             1)  very low levels of Per-capita income 
             2)  High levels of productivity 
             3)  high growth rate of population 
                    a)  1, 2 
                    b)  1, 3 
                    c)  2, 3 
                    d)  All the above 
          Explanation  
          Learning Leads To Ruling                                                                           Page 3 of 27 
          General Studies                                                                                              Prepared By www.winmeen.com 
           
          The term underdevelopment refers to that state of an economy where levels of living of masses are 
          extremely low due to very low levels of Per-capita income, resulting from low levels of productivity 
          and high growth rate of population. 
           
          9. Economic growth refers to________ countries 
             a)  Developed countries 
             b)  Developing countries 
             c)  Under- developed countries 
             d)  None  
          Explanation  
          Generally speaking, economic development refers to the problems of underdeveloped countries 
          and economic growth to those of developed countries. 
           
          10. Which of the following statement is correct? 
             1)  Development is a discontinuous and spontaneous change while growth is a gradual and 
                steady change in the long run. 
             2)  Growth simply means more output. But development refers to efficiency in production i.e. 
                output per unit of input 
             3)  It also implies changes in composition of output and in allocation of resources, reduction of 
                poverty, inequality and unemployment. 
                    a)  1, 2 
                    b)  1, 3 
                    c)  2, 3 
                    d)  All the above 
          Explanation 
          Development is a discontinuous and spontaneous change while growth is a gradual and steady 
          change in the long run. Growth simply means more output. But development refers to efficiency in 
          production i.e. output per unit of input. It also implies changes in composition of output and in 
          allocation  of  resources,  reduction  of  poverty,  inequality  and  unemployment.  Economic 
          development (wider concept than economic growth) is taken to mean growth plus structural 
          change. 
           
          11. Which of the following are the features of Economic growth? 
             1)  Wider concept  
             2)  Change is gradual and steady 
             3)  Concerns Quantitative aspects 
                    a)  1, 2 
                    b)  1, 3 
                    c)  2, 3 
                    d)  All the above 
          Explanation  
          Learning Leads To Ruling                                                                           Page 4 of 27 
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...General studies prepared by www winmeen com th economics lesson questions in english of development and planning who among the following stated this plan your work for today every day then a margaret thatcher b magnus carlson c mahatma gandhi d motilal nehru explanation good may fail due to faulty implementation but cannot succeed through which statement is correct concept refers structural changes towards betterment under developed countries udcs were once colonies england other european after second world war economists started devoting their attention analyzing problems underdeveloped formulating theories models growth all above until ii interest was rarely shown on present third becoming free independent there an awakening march economic how many approaches are learning leads ruling page two main viz i traditional approach new welfare oriented about defines strictly terms it emphasizes importance industrialization increase gnp accompanied decline share agriculture output employment...

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