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) 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
The correct answers to the above question in:
Answer: (a)
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Question : 1
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 : 2
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 : 3
Economic Survey in India is published by
a) Planning Commission
b) Ministry of Finance
c) Indian Statistical Institute
d) Ministry of Commerce
Answer »Answer: (b)
Question : 4
Which one of the following publishes the ‘Global Competitiveness Index’ report?
a) IMF
b) UNDP
c) WTO
d) World Economic Forum
Answer »Answer: (d)
Question : 5
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 : 6
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.
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