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

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The following question based on National Income & Human Development Index topic of indian economy mcq

Questions : 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)

The correct answers to the above question in:

Answer: (d)

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Read more national income human development index Based Indian Economy Questions and Answers

Question : 1

Economic Survey in India is published by

a) Planning Commission

b) Ministry of Finance

c) Indian Statistical Institute

d) Ministry of Commerce

Answer: (b)

Question : 2

The first measure of India’s National Income was made by

a) Dadabhai Naoroji

b) William Digby

c) V.K.R.V. Rao

d) M.G. Ranade

Answer: (a)

Question : 3

The reason in difference between GNP and GDP is

a) Net Foreign Investment

b) Gross Foreign Investment

c) Net Exports

d) Net Factor Income from abroad

Answer: (d)

NIFA = GNP - GDP

NIFA: refers to the net flow of property income to and from the rest of the world plus the net flow of compensation of employer.

Question : 4

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: (a)

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

Question : 5

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: (a)

Question : 6

Which one of the following publishes the ‘Global Competitiveness Index’ report?

a) IMF

b) UNDP

c) WTO

d) World Economic Forum

Answer: (d)

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