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

Question : 1

As per 2011 census, arrange the following states/union territories in decreasing order of population.

a) Puducherry – Mizoram – Chandigarh – Sikkim

b) Chandigarh – Puducherry – Mizoram – Sikkim

c) Chandigarh – Puducherry – Sikkim – Mizoram

d) Puducherry – Chandigarh – Sikkim – Mizoram

Question : 2

Consider the following statements :

1. In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
2. In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 3

Which among the following are the factors that determine the national income of a country?

a) The state of technical knowledge

b) Quantity and Quality of factors of produced

c) All of the above

d) Economic and Political stability

Question : 4

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 : 5

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 : 6

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