national income & human development index section 5 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) an increase in consumption
(b) an increase in investment
(c) an increase in saving
(d) a decrease in saving
The correct answers to the above question in:
Answer: (a)
The effect of a government surplus upon the equilibrium level of NNP (Net National Product) is substantially the same as an increase in consumption.
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Question : 1
Which of the following is true?
a) Physical planning is more important than financial planning.
b) Financial planning is more important than physical planning.
c) Physical and financial planning are equally important.
d) Physical and financial planning are complementary.
Answer »Answer: (d)
Physical planning refers to the allocation of resources in terms of men, materials and machinery. In physical planning, an overall assessment is made of the available real resources such as raw materials, manpower, etc., and how they have to be obtained so that bottlenecks may be eliminated during the plan.
Physical planning requires the fixation of physical targets with regard to agricultural and industrial production, socio-cultural and transportation services, consumption levels and in respect of employment, income and investment levels of the economy. Physical planning has to be viewed as overall long-term planning rather than short-term piecemeal planning.
Financial planning refers to the technique of planning in which resources are allocated in terms of money. Financial planning is essential in order to remove maladjustments between supplies and demand and for calculating the costs and benefits of the various projects.
Thus, Financial planning is thought to secure a balance between demands and supplies, avoid inflation and bring about economic stability.
Question : 2
According to the UN Department of Economic and Social Affairs (UNDESA), what percentage of world’s total population is currently living in urban areas?
a) 45
b) 25
c) 55
d) 35
Answer »Answer: (c)
Question : 3
Which of the following is not included in Human Development Index?
a) Social Inequality
b) Life Expectancy
c) Adult Literacy
d) Real per capita income
Answer »Answer: (a)
Question : 4
Why is demographic dividend likely to be manifested in India in future?
a) Population of children below 7 years is likely to increase
b) Population in the age group between 8-15 years is likely to increase.
c) Population in the age group of 15-64 years is likely to increase
d) opulation in the age group above 65 years is likely to increase
Answer »Answer: (c)
Question : 5
HDI is measured with reference to
- Infant Mortality
- Real GDP per capita
- Life Expectancy at birth
- Morbidity
a) 3 and 4 are correct
b) 2 and 3 are correct
c) All are correct
d) 1, 2 and 3 are correct
Answer »Answer: (b)
Question : 6
The most appropriate measure of a country’s economic growth is its
a) Net Domestic product
b) Gross Domestic product
c) Net National product
d) Per capita real income
Answer »Answer: (d)
The most appropriate measure of the country’s economic growth is its “per capita real income” which is also denoted as NNP at factor cost population.
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