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

Question : 1

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 : 2

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 : 3

The National Income of a country is

a) sum total of factor incomes

b) the annual revenue of the government

c) surplus of PSU’S

d) export minus import

Question : 4

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 : 5

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 : 6

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