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) 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.
The correct answers to the above question in:
Answer: (a)
Green shoots is the first signs of an improvement in an economy that is performing badly. It was first used in this sense by Norman Lamont, the then Chancellor of the Exchequer of the United Kingdom, during the 1991 recession.
Practice National Income & Human Development Index (national income & human development index section 2) Online Quiz
Discuss Form
Read more national income human development index Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- Agriculture and Allied sectors contribute less than 20% of Gross Domestic product of India.
- 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
Answer »Answer: (c)
Agriculture and Allied sectors contribute less than 20% around 17% of the Gross Domestic Product of India.
Around 60% of the net sown agricultural area of India is dependent on rainfall.
Question : 2
Consider the following statements relating to estimation of National Income.
- Foreigners working in Indian Embassies are normal residents of India.
- Foreigners working in the office of WHO, World Bank, UNO etc, located in India are not normal residents of India.
- 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
Answer »Answer: (a)
Statement 2 is correct as it comes under the perview of nonresident/International resident.
Question : 3
Per capita income is obtained by dividing national income by
a) total working population
b) total population of the country
c) area of the country
d) volume of the capital used
Answer »Answer: (b)
Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.
It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.
Question : 4
Consider the following statements:
- The state sets broad parameters and goals for the economy.
- The targets to be achieved are broadly set by the state.
- 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
Answer »Answer: (a)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.
Question : 5
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
Answer »Answer: (a)
Question : 6
Consider the following statements:
- According to the data studied by planning commission in 2011–12, 21.9% of the population of India falls under the poverty line.
- 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
Answer »Answer: (a)
Both the statements are correct.
GET National Income & Human Development Index PRACTICE TEST EXERCISES
national income & human development index section 1
national income & human development index section 2
national income & human development index section 3
national income & human development index section 4
national income & human development index section 5
National Income & Human Development Index Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
100+ Quadratic Equation Questions Answers PDF for Bank
Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
IBPS Aptitude Linear Equations MCQ Questions Answers PDF
Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »