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) IMF
(b) UNDP
(c) WTO
(d) World Economic Forum
The correct answers to the above question in:
Answer: (d)
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Question : 1
National Income is the
a) Net National Product at factor cost
b) Net National Product at market price
c) Net Domestic Product at factor cost
d) Net Domestic Product at market price
Answer »Answer: (a)
Question : 2
National Income is the
a) NNP at factor cost
b) NNP at market price
c) Net Domestic product at market price
d) Net domestic product at factor cost.
Answer »Answer: (a)
National Income is the Net National product at the factor cost.
Question : 3
The World Investment Report (WIR) is published by
a) General Agreement on Tariffs on Trade (GATT)
b) International Monetary Fund (IMF)
c) Organisation of Economic Cooperation and Development (OECD)
d) United Nations Conference on Trade and Development (UNCTAD)
Answer »Answer: (d)
Question : 4
Which one of the following is related with the Atkinson’s index of an economy ?
a) An effect of supply demand mismatch
b) A method to determine the income inequality
c) A method to determine the unemployment
d) None of the above
Answer »Answer: (b)
The Atkinson index is a measure of income inequality developed by British economist Anthony Barnes Atkinson.
The measure is useful in determining which end of the distribution contributed most to the observed inequality.
Question : 5
Which sector of the Indian economy contributes largest to the GDP?
a) Secondary sector
b) Primary sector
c) Tertiary sector
d) Public sector
Answer »Answer: (c)
The tertiary sector of the Indian economy contributes the largest to the GDP. During the last decade, the tertiary sector has shown remarkable expansion.
The economy is divided into three sectors on the basis of activities-primary, secondary and tertiary.
The primary sector is involved in agriculture, the secondary sector is involved in manufacturing, mining, construction while the tertiary sector is involved in trade, transport, communication, banking & other services.
In the last decade, India has expanded maximum in providing services like IT, telecommunication, healthcare, tourism which is contributing around 60% to GDP.
Question : 6
Which one of the following states was having the highest Human Development Index in the year 2012?
a) Kerala
b) Assam
c) Uttar Pradesh
d) Madhya Pradesh
Answer »Answer: (a)
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income used to rank states.
Among the given states Kerala was having the highest Human Development Index around 0.92 in the year 2012 for achieving the highest literacy rate, quality health services and consumption expenditure of people.
Latest HDI of the Indian state - Kerala - Highest (0.797) - Chhattishgarh lowest (NA)
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