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
- Kerala had highest HDI in 2012.
- It was around 0.92 in the year 2012 for achieving highest literacy rate, quality health services and consumption expenditure of people.
(a) 1 and 2
(b) 2 only
(c) 1 only
(d) None
The correct answers to the above question in:
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.
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Question : 1
Consider the following statements in regards to ‘poverty line’:
- The International Poverty Line according to World Bank is US $ 1.90/day/person based on PPP (Purchasing Power Parity).
- Planning Commission of India has defined poverty line based on intake of calories and is different for rural and urban areas.
a) 1 and 2
b) 2 only
c) 1 only
d) None
Answer »Answer: (c)
In India, poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.
Question : 2
Consider the following statements:
- As per the 15th edition of the report: “Women and Men in India” published by CSO West Bengal, recorded highest sex ratio in 110 years.
- Bengal’s sex ratio 1050 is at its highest since 1901.
a) 1 and 2
b) 2 only
c) 1 only
d) None
Answer »Answer: (c)
As per the latest report by Central Statistics Office (CSO), West Bengal recorded highest sex ratio in 110 years. As per the 15th edition of the report “Women and Men in India” published by CSO, Bengal’s sex ratio 949 is at its highest since 1901.
Question : 3
Consider the following statements :
- Higher growth in GDP and population can occur together.
- Per capita income always decreases with high population growth.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Higher growth in GDP and population can occur together. Per capita income always decreases with high population growth as income per person decreases with rise in population.
Question : 4
Which of the following is definitely a major indication of the state of the economy of a country?
a) Rate of inflation
b) Rate of GDP growth
c) Number of banks in a country
d) None of these
Answer »Answer: (b)
Rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in gross domestic product.
Question : 5
From which one of the following enshrined in the constitution, the planning of India derives its objectives and social premises?
a) Fundamental Duties
b) Fundamental Rights
c) Directive Principles of State Policy
d) None of the above
Answer »Answer: (c)
The planning of India derives its objectives and social premises followed by the Directive Principles of State Policy. The Directive Principles of State Policy are guidelines to the central and state governments, to be kept in mind while framing laws and policies.
These provisions, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles laid down therein are considered fundamental in the governance of the country.
Question : 6
The existence of a parallel economy or black money
a) makes the monetary policies less effective
b) makes the economy more competitive
c) ensure a better distribution of income and wealth
d) ensure increasing productive investment
Answer »Answer: (a)
The existence of a parallel economy or black money makes the monetary policies less effective.
A parallel economy, based on black money or unaccounted money, causes high circulation of money in the market and thus causes inflation etc.
Black Money - Black Money is the proceeds of an illegal transaction on which income and other taxes have not been paid and which can only be legitimised by some form of Money Laundering
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