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

Answer: (a)

Answer: (a)

National Income is the Net National product at the factor cost.

Answer: (d)

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.

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.

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)