national income & human development index section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?

1. A large number of farmers are illiterate and know little about scientific agriculture.
2. Prices of primary products are lower than those of manufactured products.
3. Investment in agriculture has been lower when compared to investment in the industry

a) 1 and 2

b) 1, 2 and 3

c) 1 and 3

d) 2 and 3

Question : 2

Consider the following statements:

1. In India, more than 85% agriculture workers are mainly casual labourers.
2. Agriculture labourers in India are mainly dominated by the backward classes.

a) 1 and 2

b) 2 only

c) 1 only

d) None

Question : 3

In free economy, inequalities in income is due to

a) private property and inheritance

b) free competition

c) differences in the marginal productivity of labour

d) private property only

Question : 4

National product at factor cost is equal to

a) National product at market prices - indirect taxes + subsidies

b) Domestic product + Net factor income from abroad

c) Gross domestic-product - depreciation

d) National product at market prices + Indirect taxes + subsidies

Question : 5

‘World Development Report’ is an annual publication of

a) United Nations Development Programme

b) International Bank of Reconstruction and Development

c) World Trade Organisation

d) International Monetary Fund

Question : 6

Consider the following statements regarding Indian planning.

1. The second five year plan emphasized on the establishment of heavy industries.
2. The third five year plan aimed to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2