national income & human development index section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

One of the reasons for India’s occupational structure remaining more or less the same over the years has been that :

1. invest pattern has been directed towards capital intensive industries
2. productivity in agriculture has been high enough to induce people to stay with agriculture
3. ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
4. people are largely unaware of the significance of transition from agriculture to industry for economic development

a) None of the above

b) 4 only

c) 2 and 3 only

d) 1 only

Question : 2

Which among the following sectors contribute most to GDP of India?

a) Secondary sector

b) Primary sector

c) All three contribute equally

d) Tertiary sector

Question : 3

In India, National Income is computed by which of the following

a) Ministry of Finance

b) Planning Commission

c) Reserve Bank of India

d) Central Statistical Organisation

Question : 4

Personal disposable income means?

a) Personal income- indirect taxes + fees+ fines

b) Personal income- direct taxes

c) Personal income- indirect taxes + fees+ fines+ social security contribution by employers

d) None of these

Question : 5

Which of the following is equivalent to National income?

a) NDP at factor cost

b) GDP at market price

c) NNP at market price

d) NNP at factor cost