national income & human development index section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

GDP deflator is used to :

a) measure the inflation in a country.

b) measure the relative reduction in GDP growth rate of a country.

c) compare the GDP of a country vis a vis other countries of the world.

d) estimate the purchasing power of the citizen of a country.

Question : 2

Consider the following statements:

1. According to the data studied by planning commission in 2011–12, 21.9% of the population of India falls under the poverty line.
2. The incidence of poverty is measured by the poverty ratio, which is the ratio of number of poor to the total population expressed as percentage.

a) 1 and 2

b) 2 only

c) 1 only

d) None

Question : 3

Human Development Index is a composite index of which of the following?

a) Life expectancy, educational attainment and per capita income

b) Nutritional status, quality of life and per capita GDP

c) Inflation, unemployment and per capita GDP

d) Poverty, life expectancy and educational attainment

Question : 4

What was India’s estimated GDP growth rate for 2018-19 in the Economic survey?

a) 7.2% - 7.5%

b) 6.3% - 7.1%

c) 7% - 7.2%

d) 7% - 7.5%

Question : 5

National income ignores

a) salary of employees

b) sales of a firm

c) exports of the IT sector

d) sale of land

Question : 6

In India, planned economy is based on?

a) Socialist system

b) Gandhian system

c) Capitalist system

d) Mixed economy system