0

The Role of Mathematics in Indian Economic Thought

Description: This quiz will test your knowledge on the role of mathematics in Indian economic thought.
Number of Questions: 15
Created by:
Tags: indian mathematics indian mathematics and economics the role of mathematics in indian economic thought
Attempted 0/15 Correct 0 Score 0

Who is considered the father of Indian economics?

  1. Chanakya

  2. Kautilya

  3. Aryabhata

  4. Bhaskara II


Correct Option: B
Explanation:

Kautilya, also known as Chanakya, is considered the father of Indian economics. He was an advisor to the Mauryan emperor Chandragupta Maurya and wrote the Arthashastra, a treatise on statecraft and economics.

What is the main focus of the Arthashastra?

  1. Political science

  2. Economics

  3. Military strategy

  4. Social welfare


Correct Option: B
Explanation:

The Arthashastra is primarily focused on economics, covering topics such as taxation, public finance, trade, and agriculture.

Which Indian mathematician is known for his work on the Fibonacci sequence?

  1. Aryabhata

  2. Bhaskara II

  3. Brahmagupta

  4. Srinivasa Ramanujan


Correct Option: C
Explanation:

Brahmagupta is credited with discovering the Fibonacci sequence, a series of numbers in which each number is the sum of the two preceding ones.

What is the name of the mathematical text written by Bhaskara II?

  1. The Lilavati

  2. The Bijaganita

  3. The Siddhanta Shiromani

  4. The Surya Siddhanta


Correct Option: A
Explanation:

Bhaskara II wrote several mathematical texts, including the Lilavati, which is a treatise on arithmetic and algebra.

Which Indian mathematician is known for his work on calculus?

  1. Aryabhata

  2. Bhaskara II

  3. Brahmagupta

  4. Srinivasa Ramanujan


Correct Option: D
Explanation:

Srinivasa Ramanujan was a self-taught mathematician who made significant contributions to the field of calculus.

What is the name of the economic model developed by Amartya Sen?

  1. The Capability Approach

  2. The Theory of Social Choice

  3. The Arrow-Debreu Model

  4. The Solow-Swan Model


Correct Option: A
Explanation:

Amartya Sen developed the Capability Approach, which is a framework for evaluating the well-being of individuals based on their capabilities and opportunities.

Which Indian economist is known for his work on poverty and inequality?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Raghuram Rajan


Correct Option: A
Explanation:

Amartya Sen is known for his work on poverty and inequality, and he has won the Nobel Prize in Economics for his contributions to welfare economics.

What is the name of the economic policy framework introduced by Manmohan Singh in India?

  1. The New Economic Policy

  2. The Liberalization, Privatization, and Globalization Policy

  3. The Look East Policy

  4. The Make in India Policy


Correct Option: B
Explanation:

Manmohan Singh introduced the Liberalization, Privatization, and Globalization Policy in India, which aimed to liberalize the economy and promote economic growth.

Which Indian economist is known for his work on behavioral economics?

  1. Abhijit Banerjee

  2. Esther Duflo

  3. Michael Kremer

  4. Richard Thaler


Correct Option: A
Explanation:

Abhijit Banerjee is known for his work on behavioral economics, and he has won the Nobel Prize in Economics for his contributions to the field.

What is the name of the economic theory developed by Jagdish Bhagwati?

  1. The Immiserizing Growth Theory

  2. The Theory of Comparative Advantage

  3. The Theory of Second Best

  4. The Theory of Economic Development


Correct Option: A
Explanation:

Jagdish Bhagwati developed the Immiserizing Growth Theory, which argues that economic growth can lead to a decline in welfare under certain conditions.

Which Indian economist is known for his work on development economics?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Raghuram Rajan


Correct Option: A
Explanation:

Amartya Sen is known for his work on development economics, and he has won the Nobel Prize in Economics for his contributions to the field.

What is the name of the economic policy framework introduced by Raghuram Rajan in India?

  1. The New Economic Policy

  2. The Liberalization, Privatization, and Globalization Policy

  3. The Look East Policy

  4. The Make in India Policy


Correct Option: A
Explanation:

Raghuram Rajan introduced the New Economic Policy in India, which aimed to stabilize the economy and promote economic growth.

Which Indian economist is known for his work on monetary policy?

  1. Raghuram Rajan

  2. Urjit Patel

  3. Subramanian Swamy

  4. Yashwant Sinha


Correct Option: A
Explanation:

Raghuram Rajan is known for his work on monetary policy, and he has served as the Governor of the Reserve Bank of India.

What is the name of the economic theory developed by Urjit Patel?

  1. The Inflation Targeting Framework

  2. The Theory of Comparative Advantage

  3. The Theory of Second Best

  4. The Theory of Economic Development


Correct Option: A
Explanation:

Urjit Patel developed the Inflation Targeting Framework, which is a monetary policy framework that aims to keep inflation within a target range.

Which Indian economist is known for his work on fiscal policy?

  1. Yashwant Sinha

  2. Arun Jaitley

  3. Manmohan Singh

  4. P. Chidambaram


Correct Option: A
Explanation:

Yashwant Sinha is known for his work on fiscal policy, and he has served as the Finance Minister of India.

- Hide questions