national income & human development index section 1 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 5 EXERCISES
The following question based on National Income & Human Development Index topic of indian economy mcq
- In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
- 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
The correct answers to the above question in:
Answer: (a)
In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
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Question : 1
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
Answer »Answer: (c)
Question : 2
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
Answer »Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
Question : 3
The philosophy of ‘Laissez-Faire’ is associated with
a) Industrial state
b) Gandhian state
c) Socialist state
d) Welfare state
Answer »Answer: (a)
The philosophy of ‘Laissez-Faire’ is associated with industrial state. Laissez Faire - Abstention by Govt. from interfering in the working of free market.
Question : 4
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
Answer »Answer: (a)
- Puducherry has a population of 1247953,
- Mizoram 1097206,
- Chandigarh 1055450 and
- Sikkim has a population of 610577.
Question : 5
Consider the following statements:
- Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
- 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
Answer »Answer: (a)
The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India. Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
Question : 6
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
Answer »Answer: (c)
Share of food in total consumption expenditure has been coming down as per capita income grew over time in last sixty years because growth in food per capita income expenditure has been lower than growth in other.
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