national income & human development index section 2 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) Kirit S. Parikh
(b) A.K. Sen
(c) Raj Krishna
(d) Montek Singh Ahluwalia
The correct answers to the above question in:
Answer: (c)
The term was coined by Indian economist Raj Krishna.
The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from the 1950s to the 1980s.
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Question : 1
National income is based on the
a) production of goods and services
b) total revenue of the state
c) net profit earned and expenditure made by the state.
d) the sum of all factors of income
Answer »Answer: (a)
National Income is based on the production of goods and services.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including
- gross domestic product (GDP),
- gross national product (GNP),
- net national income (NNI), and
- adjusted national income (NNI* adjusted for natural resource depletion).
Question : 2
Human Development Index comprises literacy rates, life expectancy at birth and
a) GDP per head at real purchasing power.
b) GDP per head in the US dollars.
c) GNP in US dollars
d) National Income per head in US dollars.
Answer »Answer: (a)
HDI combines three dimensions:
- A long and healthy life: Life expectancy at birth,
- Education index: Mean years of schooling and
- Expected years of schooling and a decent Standard of living.
Question : 3
Which one of the following organisations publishes the Human Development Report?
a) UNDP
b) UNESCO
c) IMF
d) World Bank
Answer »Answer: (a)
Question : 4
One of the problems in calculating National Income in India is
a) Inflation
b) Under-employment
c) Non-monetised consumption
d) Low level of savings
Answer »Answer: (c)
Question : 5
When did the Government of India established the independent Ministry for ‘Women and Child Development’?
a) 1987
b) 1985
c) 1988
d) 1986
Answer »Answer: (b)
Question : 6
As per the Human Development Report 2015, consider the following statements.
- India ranks 130 out of 188 countries.
- HDI is based on the indices for life expectancy education and PPP.
- In comparison to other nations in the BRICS, India has the lowest rank.
a) Only 2
b) 1 and 2
c) 1, 2 and 3
d) 2 and 3
Answer »Answer: (d)
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