'The Problem of the Rupee: Its Origin and Its Solution' was written by
- A.B. R. Ambedkar
- B.M. Visvesvaraya
- C.C. D. Deshmukh
- D.V. K. R. V. Rao
Correct answer
Explanation
The correct answer is A, B. R. Ambedkar. Ambedkar, trained as an economist before he became the chief architect of the Constitution, submitted this study at the London School of Economics and published it in 1923; it traces the history of Indian currency and argues for a stable measure of value, and its reasoning fed into the debate from which the Reserve Bank of India emerged. Option B is wrong because M. Visvesvaraya, the engineer and Diwan of Mysore, wrote Planned Economy for India in 1934. Option C is wrong because C. D. Deshmukh was the first Indian Governor of the Reserve Bank and later Finance Minister, and his own book is the memoir The Course of My Life. Option D is wrong because V. K. R. V. Rao is known for his work on national income and for founding the Institute of Economic Growth.
Read the full article: Books on Economics and Politics and Their Authors
Practice Questions
View allThe book 'An Inquiry into the Nature and Causes of the Wealth of Nations' was written by
- A.David Ricardo
- B.Adam Smith
- C.Thomas Malthus
- D.John Stuart Mill
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The Scottish thinker Adam Smith published this book in 1776, and it is treated as the starting point of economics as a separate subject, which is why he is called the father of economics; its most quoted idea is the invisible hand, by which the self-interest of individuals is said…
Read the full explanation →The ancient Indian treatise 'Arthashastra' was composed by
- A.Chandragupta Maurya
- B.Kalidasa
- C.Kautilya
- D.Megasthenes
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Kautilya, also known as Chanakya and as Vishnugupta, was the minister and guide of Chandragupta Maurya, and his Arthashastra is a manual of statecraft that deals with the duties of a king, the organisation of the treasury, taxation, trade, spying, law and war; it is the earliest Indian work usually…
Read the full explanation →The theory of the drain of wealth from India was explained in the book 'Poverty and Un-British Rule in India' written by
- A.Gopal Krishna Gokhale
- B.Dadabhai Naoroji
- C.R. C. Dutt
- D.Mahadev Govind Ranade
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Dadabhai Naoroji, honoured as the Grand Old Man of India and the first Indian to be elected to the British House of Commons, brought together his writings in this book and showed with figures that a large part of India's wealth was being carried away to Britain every year through…
Read the full explanation →'Das Kapital' is the work of
- A.Friedrich Engels
- B.Karl Marx
- C.Vladimir Lenin
- D.Friedrich Hayek
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Karl Marx published the first volume of Das Kapital in 1867 as his full critique of the capitalist mode of production, built around surplus value and the exploitation of labour; the later volumes were edited and brought out by Friedrich Engels after Marx died.
Read the full explanation →'The General Theory of Employment, Interest and Money', published in 1936, was written by
- A.Alfred Marshall
- B.John Maynard Keynes
- C.Paul Samuelson
- D.Milton Friedman
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Written during the Great Depression and published in 1936, this book argued that an economy can settle at a level of high unemployment on its own, and that the remedy is to raise effective demand through government spending; it created macroeconomics as we know it and the whole school called…
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