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
(a) Literacy Rate
(b) Life Expectancy
(c) Gross Enrolment
(d) Sex Ratio
The correct answers to the above question in:
Answer: (d)
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Question : 1
Which one of the following is not a feature of India’s economic planning?
a) limited centralisation
b) imperative planning
c) democratic socialism
d) indicative planning
Answer »Answer: (b)
Imperative planning is not a feature of the economic planning of India. In the case of imperative planning economic activities belong to the public sector.
In this type of planning economic decisions are made through a central planning authority instead of a market system. There is the absence of institutions of private property, competition and profit motive of industrialists.
Question : 2
Which of the following dimensions is exclusively considered in HPI-2 (Human Poverty Index-2)?
a) Economic Exclusion
b) Social Exclusion
c) Gender Inequalities
d) Knowledge Exclusion
Answer »Answer: (b)
Question : 3
Which of the following is not a feature of India’s economic planning?
a) Democratic solution
b) Limited centralisation
c) Planning of imperative nature
d) Planning of indicative nature
Answer »Answer: (c)
Indicative planning is peculiar to the mixed economy. In a mixed economy, the public and private sectors work together. In indicative planning, the private sector is neither rigidly controlled nor directed to fulfil the targets and priorities of the plan.
The state provides all types of facilities to the private sector but does not direct it, rather indicates the areas in which it can help in implementing the plan.
Under imperative planning, all economic activities and resources of the economy operate under the direction of the state. There is complete control over the factors of production by the state. There is no consumer’s sovereignty in such planning.
Question : 4
‘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 : 5
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 : 6
Consider the following statements
- 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
Answer »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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