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

Question : 1

The term National Income represents

a) Gross National Product at market price minus depreciation plus net factor Income from abroad

b) Gross National Product at market price minus depreciation

c) Gross National Product at market price minus net factor income from abroad

d) Gross National Product at market price minus depreciation and indirect tax plus subsidies

Question : 2

Share of food in total consumption expenditure has been coming down as Per Capita Income grew over time in last sixty years because

a) people have been preferring non-cereal items in their food basket

b) people have been purchasing less food

c) growth in food expenditure has been lower than growth in per capita income

d) percentage of the poor in population has increased over time

Question : 3

Consider the following statements:

1. Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
2. The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.

a) 1 and 2

b) 2 only

c) 1 only

d) None

Question : 4

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 : 5

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 : 6

The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at

a) Constant prices

b) Current prices

c) None of the above

d) Both of the above