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

Question : 1

Harrod-Domar model of growth is based on the concepts of and their equality.

1. Population and productivity growth.
2. Investment and average growth rate of income.
3. Actual, warranted and natural growth rate.
4. Productivity growth and investment growth. Codes:

   a) 3 only

   b) 1 and 4

   c) 1 and 3

   d) 1, 2 and 3

   Answer »

   Answer: (a)

Question : 2

Which of the following would cause consumption to rise?

a) a greater proportion of the population is between age 20 and 30

b) the GDP Deflator rises

c) transitory income increases

d) income is taken from poor people and given to rich people

Question : 3

In which year was the 20 point economic programme was announced for the very first time?

a) 2006

b) 1975

c) 1986

d) 1982

Question : 4

The philosophy of ‘Laissez-Faire’ is associated with

a) Industrial state

b) Gandhian state

c) Socialist state

d) Welfare state

Question : 5

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 : 6

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