Match the items in List I with those in List II.

List I

List II

i.

Balanced Growth Theory

a.

Rosenstein Rodan

ii.

Big Push Theory

b.

Feldman-Mahalanobis

iii.

Secular Deterioration

c.

Ragnar Nurkse

iv.

Capital Goods and Heavy Industry

d.

Prebisch-Singer

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SSC CHSL Exam 2024 Tier-I Official Paper (Held On: 10 Jul, 2024 Shift 2)
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  1. i - a, ii - b, iii - d, iv - c
  2. i - c, ii - a, iii - d, iv - b
  3. i - d, ii - a, iii - b, iv - c
  4. i - c, ii - d, iii - a, iv - b

Answer (Detailed Solution Below)

Option 2 : i - c, ii - a, iii - d, iv - b
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SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 02 Aug 2023 Shift 1)
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Detailed Solution

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The correct answer is i - c, ii - a, iii - d, iv - b

Key Points

  • Balanced Growth Theory is associated with Ragnar Nurkse.
  • Big Push Theory is attributed to Rosenstein Rodan.
  • Secular Deterioration is linked to Prebisch-Singer.
  • Capital Goods and Heavy Industry is related to Feldman-Mahalanobis.
  • Thus, the correct matching is i - c, ii - a, iii - d, iv - b.

Additional Information

  • Ragnar Nurkse was an Estonian international economist known for his contributions to the theory of balanced growth.
  • Rosenstein Rodan was an Austrian economist who introduced the Big Push Theory, emphasizing the need for large-scale investments to overcome underdevelopment.
  • Prebisch-Singer hypothesis suggests that over the long term, the price of primary commodities declines in relation to the price of manufactured goods, leading to deteriorating terms of trade for countries that export primary commodities.
  • Feldman-Mahalanobis model was an economic development model proposed by Soviet economist G. A. Feldman and later adapted by Indian statistician P.C. Mahalanobis, focusing on the role of heavy industry in economic development.
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