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

Question : 1

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 : 2

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 : 3

Consider the following statements relating to estimation of National Income.

1. Foreigners working in Indian Embassies are normal residents of India.
2. Foreigners working in the office of WHO, World Bank, UNO etc, located in India are not normal residents of India.
3. Indians working in foreign embassies in India are not normal residents of India.

a) 1 and 3

b) Only 1

c) Only 3

d) All of these

Question : 4

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 : 5

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 : 6

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.