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 |
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. i-c, ii-a, iii-d, iv-b.
The correct matching of List I with List II is as follows:
- i. Balanced Growth Theory → c. Ragnar Nurkse
- ii. Big Push Theory → a. Rosenstein Rodan
- iii. Secular Deterioration → d. Prebisch-Singer
- iv. Capital Goods and Heavy Industry → b. Feldman-Mahalanobis
Ragnar Nurkse introduced the Balanced Growth Theory, emphasizing simultaneous investment in various sectors. Rosenstein Rodan's Big Push Theory highlights the need for large-scale investments. Prebisch-Singer's hypothesis explains the long-term decline in terms of trade for primary goods. Feldman-Mahalanobis' model supports heavy industry-led growth.