Exams › IBPS PO › General Awareness

Which of the following best describes the author's view of trickle-down theory?

1. It has largely failed to drive sustained growth
2. It ensures accountability of the government even at the grassroots level
3. It has been effective in helping poor states catch up with richer ones
4. It promotes inclusive growth over quick growth

Correct answer: It has largely failed to drive sustained growth

Solution

The author's view is critical of trickle-down theory. The phrase 'largely failed to drive sustained growth' captures that skepticism best. The other options either praise the theory or describe unrelated effects.

Related IBPS PO General Awareness questions

• As per the World Employment and Social Outlook: Trends, released by the ILO in January 2018, the number of jobless persons in India in the year 2019 would be:
• Which of the following is an indicator of retail inflation in India?
• Which of the following best describes the definition of National Income?
• What does the line, "Consumer preferences control the economy, but savings and investment are the push to drive it forward," imply?
• The World Economic Outlook (WEO) is a survey conducted and published by:
• Which statements are correct regarding economic growth? (a) The systematic failure by Keynesian economists to distinguish between consuming and producing value is the single most damaging fallacy. (b) Economic growth and declines have always been led by changes in business and durable goods investment, while consumer spending has been stable.

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →