Practice Quiz set 3 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Human Poverty Index was developed in the year
(a)
(b)
(c)
(d)
Q-2) Consider the following statements: - The percentage of urban population in India according to 2011 census is 31.16.
- Uttar Pradesh is the most populated state in India according to 2011 census.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Both the statements are correct.
Q-3) Consider the following statements: - The India Human Development Survey (IHDS) is a nationally representative, multi-topic survey of households across India.
- IHDS is conducted by the NCAER.
Which of the statements given above is/are in correct?
(a)
(b)
(c)
(d)
Both the statements are correct.
Q-4) Consider the following statements. Human capital formation as a concept is better explained in terms of a process which enables- individuals of a country to accumulate more capital.
- increasing the knowledge, skill levels and capacities of the people of the country.
- accumulation of tangible wealth.
- accumulation of intangible wealth.
Which of the statement(s) given above is/are correct?
(a)
(b)
(c)
(d)
Q-5) Which one of the following countries has the highest percentage of the services sector in the GDP of the country?
(a)
(b)
(c)
(d)
The economy of France is the world’s largest single national economy.
It has the highest percentage of the services sector in the GDP equivalent to 79.8%.
The service sector percentage for India is 56.9%
Q-6) Consider the following statements
- High growth will led to inflation.
- High growth will lead to deflation.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.
If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.
Q-7) Consider the following statements in regard to the GDP of a country :
- Real GDP is calculated by keeping inflation into consideration.
- Nominal GDP is calculated on the basis of the prices of goods and services produced in the current year.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).
Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region.
Q-8) Which one of the following is not included in the Agriculture and Allied Services of Indian Economy?
(a)
(b)
(c)
(d)
Agriculture (crops) and allied sectors are like forestry, logging and fishing. Food processing is not included in the Agriculture and allied services of Indian Economy.
Q-9) In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this?
- A large no. of farmers are illiterate and know little about scientific-agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investment in agriculture has been lower when compared to investment in industry:
(a)
(b)
(c)
(d)
In India, a large no. of farmers are illiterate and know little about scientific agriculture. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
Q-10) While calculating HDI, the maximum value and minimum value for life expectancy at birth (years) are taken as
(a)
(b)
(c)
(d)