national income & human development index section 3 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
- High growth will led to inflation.
- High growth will lead to deflation.
(a) Only 2
(b) Only 1
(c) Both 1 and 2
(d) Neither 1 nor 2
The correct answers to the above question in:
Answer: (b)
Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.
If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.
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Question : 1
Consider the following statements:
- The India Human Development Survey (IHDS) is a nationally representative, multi-topic survey of households across India.
- IHDS is conducted by the NCAER.
a) 1 and 2
b) 2 only
c) 1 only
d) None
Answer »Answer: (d)
Both the statements are correct.
Question : 2
‘Saving energy and other resources for the future without sacrificing people’s comfort in the present’ is the definition of which of the following concepts?
a) Sustainable development
b) Economic growth
c) Human development
d) Economic development
Answer »Answer: (a)
Question : 3
Which of the following is not a measure of Human Development Index?
a) Literacy Rate
b) Life Expectancy
c) Gross Enrolment
d) Sex Ratio
Answer »Answer: (d)
Question : 4
In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this?
- A large no. of farmers are illiterate and know little about scientific-agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investment in agriculture has been lower when compared to investment in industry:
a) 1 and 3
b) 1 and 2
c) 1, 2 and 3
d) 2 and 3
Answer »Answer: (c)
In India, a large no. of farmers are illiterate and know little about scientific agriculture. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
Question : 5
The multi-dimensional poverty index of UNDP includes
a) 12 indicators
b) 8 indicators
c) 14 indicators
d) 10 indicators
Answer »Answer: (d)
Question : 6
The main source of National income in India is
a) agriculture
b) service sector
c) industrial sector
d) trade sector
Answer »Answer: (b)
The service sector is one of the three economic sectors. it includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
The maximum contribution to national income comes from the service sector which contributes more than 50%.
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