Practice Quiz set 4 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Which one of the following publishes the ‘Global Competitiveness Index’ report?
(a)
(b)
(c)
(d)
Q-2) Consider the following statements :- Higher growth in GDP and population can occur together.
- Per capita income always decreases with high population growth.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Higher growth in GDP and population can occur together. Per capita income always decreases with high population growth as income per person decreases with rise in population.
Q-3) Human Development Index (HDI) is constructed with reference to- Life expectancy at birth, real GDP per capita, gross enrolment ratio, adult literacy rate.
- Life expectancy at birth, real GDP per capita, combined gross enrolment ratio, adult literacy rate.
- Life expectancy, GDP per capita, infant mortality rate, literacy rate.
- GDP per capita, infant mortality rate, literacy rate
Codes:
(a)
(b)
(c)
(d)
HDI is the geometric mean of (i) Life Expectancy Index (LEI), Education Index (EI) and Income Index (II)
HDI =$↖3√{LEI × EI × II}$
LEI =$\text"Life Expectancy - 20"/{82.3 - 20}$
(where 20 and 82.3 are the minimum and maximum values of expectancy of life at birth in years).
EI = $√{MYSLEYSI - 0}/{0.951 - 0}$
where MYSI (Mean Years of Schooling Index)
=${MYS - 0}/{13.2 - 0}$
EYSI (Expected Years of Schooling Index)
= ${EYS - 0}/{20.6 - 0}$
II = $\text"Log Per Capita GNI - log 100"/\text"log(107721) - log100"$
(100 and 107721 are the minimum and maximum values of Per Capita Gross National Income in US $).
Q-4) Consider the following statements in regards to ‘poverty line’: - The International Poverty Line according to World Bank is US $ 1.90/day/person based on PPP (Purchasing Power Parity).
- Planning Commission of India has defined poverty line based on intake of calories and is different for rural and urban areas.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
In India, poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.
Q-5) Consider the following statements: - As per the 15th edition of the report: “Women and Men in India” published by CSO West Bengal, recorded highest sex ratio in 110 years.
- Bengal’s sex ratio 1050 is at its highest since 1901.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
As per the latest report by Central Statistics Office (CSO), West Bengal recorded highest sex ratio in 110 years. As per the 15th edition of the report “Women and Men in India” published by CSO, Bengal’s sex ratio 949 is at its highest since 1901.
Q-6) Which one of the following states was having the highest Human Development Index in the year 2012?
(a)
(b)
(c)
(d)
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income used to rank states.
Among the given states Kerala was having the highest Human Development Index around 0.92 in the year 2012 for achieving the highest literacy rate, quality health services and consumption expenditure of people.
Latest HDI of the Indian state - Kerala - Highest (0.797) - Chhattishgarh lowest (NA)
Q-7) Consider the following statements in regard to inclusive development:
- Inclusive developments refer to the social inclusion of the socially excluded sections of the society.
- Creating productive and gainful employment opportunities.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Inclusive growth is a concept that includes an equitable allocation to every section of society.
It creates an environment of equality in opportunity in all dimensions such as employment creation, market, consumption, and production and has created a platform for people who are poor to access a good standard of living.
Q-8) Consider the following statements:
- Kerala had highest HDI in 2012.
- It was around 0.92 in the year 2012 for achieving highest literacy rate, quality health services and consumption expenditure of people.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income used to rank states.
Among the given states, Kerala was having the highest Human Development Index around 0.92 in the year 2012 for achieving the highest literacy rate, quality health services and consumption expenditure of people.
Q-9) In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?
- A large number 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 the industry
(a)
(b)
(c)
(d)
In India a large number 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) Which of the following can aid in furthering the Government’s objective of inclusive growth?
- promoting self help group
- promoting micro, small and medium Enterprises
- Implementing the Right to Education Act
Select the correct answer using the codes given below :
(a)
(b)
(c)
(d)
The Government's objective of inclusive growth can be furthered by promoting self-help groups, promoting micro, small and medium enterprises and implementing the right to education.
This will improve employment opportunities, increase GDP etc.