national income & human development index section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

Market Based economic climate means:

a) Some financial choice are taken by authorities and different are left to market forces

b) All financial determinations are taken based mostly on the demand and provide forces

c) Government has full handle over the exclusive sector

d) Economic judgements are taken after maintaining in view the social welfare

Question : 2

Which one of the following is not included in the Agriculture and Allied Services of Indian Economy?

a) Forestry

b) Fishing

c) Logging

d) Food Processing

Question : 3

Which of the following statements is not true of the Indian Economy?

a) The share of service sector in India’s GDP is only 25%

b) Its share of world population is only 16%, but its share of world GDP is 1.6%

c) India occupies only 2.4% of the world’s geographical area

d) 58% of its working population is engaged in agriculture, but the contribution of agriculture to the national income is 22%

Question : 4

Consider the following statements. Human capital formation as a concept is better explained in terms of a process which enables

1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities of the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.

a) 2 and 4

b) 1 and 2

c) 1, 3 and 4

d) Only 2

Question : 5

The Hindu rate of growth refers to the growth rate of

a) National Income

b) Per Capita Income

c) Literacy

d) Population

Question : 6

Economic planning is in

a) State list

b) Union list

c) Concurrent list

d) Not any specified list