national income & human development index section 4 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) Ministry of Finance
(b) Planning Commission
(c) Reserve Bank of India
(d) Central Statistical Organisation
The correct answers to the above question in:
Answer: (d)
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Question : 1
Which of the following can aid in furthering the Government’s objective of inclusive growth?
- promoting self help group
- promoting micro, small and medium Enterprises
- Implementing the Right to Education Act
a) 1 and 2 only
b) 1 only
c) 2 and 3 only
d) 1, 2 and 3
Answer »Answer: (d)
The Government's objective of inclusive growth can be furthered by promoting self-help groups, promoting micro, small and medium enterprises and implementing the right to education.
This will improve employment opportunities, increase GDP etc.
Question : 2
Human Development Index (HDI) is constructed with reference to
- Life expectancy at birth, real GDP per capita, gross enrolment ratio, adult literacy rate.
- Life expectancy at birth, real GDP per capita, combined gross enrolment ratio, adult literacy rate.
- Life expectancy, GDP per capita, infant mortality rate, literacy rate.
- GDP per capita, infant mortality rate, literacy rate
a) 1 and 3
b) 1 and 2
c) 3 only
d) 1, 2 and 4
Answer »Answer: (b)
HDI is the geometric mean of (i) Life Expectancy Index (LEI), Education Index (EI) and Income Index (II)
HDI =$↖3√{LEI × EI × II}$
LEI =$\text"Life Expectancy - 20"/{82.3 - 20}$
(where 20 and 82.3 are the minimum and maximum values of expectancy of life at birth in years).
EI = $√{MYSLEYSI - 0}/{0.951 - 0}$
where MYSI (Mean Years of Schooling Index)
=${MYS - 0}/{13.2 - 0}$
EYSI (Expected Years of Schooling Index)
= ${EYS - 0}/{20.6 - 0}$
II = $\text"Log Per Capita GNI - log 100"/\text"log(107721) - log100"$
(100 and 107721 are the minimum and maximum values of Per Capita Gross National Income in US $).
Question : 3
Which of the following is a sign of economic growth?
a) A sustained increase in real per capita income
b) An increase in national income at constant prices during a year
c) An increase in national income along with increase in population
d) An increase in national income at current prices overtime
Answer »Answer: (a)
Question : 4
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
Answer »Answer: (d)
Question : 5
One of the reasons for India’s occupational structure remaining more or less the same over the years has been that :
- invest pattern has been directed towards capital intensive industries
- productivity in agriculture has been high enough to induce people to stay with agriculture
- ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
- 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
Answer »Answer: (d)
The gap between poor and rich will be wide and it must be increase when their investment lean towards capital sector. They only prefer profit.
Question : 6
Which is not included in the private income arising in a country?
a) Net factor income from abroad
b) Factor income from net domestic product
c) Current transfers from government
d) Current payments on foreign loans
Answer »Answer: (d)
Private income arising in a country does not include current payments on foreign loans.
Private income includes any type of income received by a private individual or household, often derived from occupational activities, or income of an individual that is not in the form of a salary (e.g. income from investments).
Thus private income includes factor income from the net domestic product, net factor income from abroad & current transfers from the government.
Private income = Domestic product accruing to the private sector + Net factor income from abroad + Net other transfer income.
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