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
(a) The state of technical knowledge
(b) Quantity and Quality of factors of produced
(c) All of the above
(d) Economic and Political stability
The correct answers to the above question in:
Answer: (c)
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Question : 1
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 : 2
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 : 3
Consider the following statements about ‘World Happiness Report 2018’ released by United Nations in March 2018.
- India dropped 11 spots from its ranking in the previous year 2017.
- Finland with 1st rank is the happiest country.
- This report includes only 155 countries.
a) Only 1 and 3
b) Only 1
c) Only 2 and 3
d) Only 1 and 2
Answer »Answer: (d)
Question : 4
Consider the following statements :
- 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
Answer »Answer: (a)
In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Question : 5
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 : 6
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.
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