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

Question : 1

Consider the following statements:

1. The state sets broad parameters and goals for the economy.
2. The targets to be achieved are broadly set by the state.
3. The plan is made for the specific time period of about 15 years.

a) 1 and 2

b) 1, 2 and 3

c) 1 and 3

d) only 1

Question : 2

What does the term ‘Green shoots’ represent in an Economy?

a) signs of economic recovery during an economy downturn

b) signs of growth of agriculture sector in a growing economy

c) signs of growth of agriculture sector in a declining economy

d) signs of economic decline in a developed economy.

Question : 3

Consider the following statements :

1. Agriculture and Allied sectors contribute less than 20% of Gross Domestic product of India.
2. Around 60% of net sown agricultural area of India is depended on rainfall.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 4

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 : 5

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 : 6

Consider the following statements:

1. Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
2. Minimum Wages Act has allowed discrimination between male and female workers or different minimum wages for them.

a) 1 and 2

b) 2 only

c) 1 only

d) None