national income & human development index section 5 MCQ Questions & Answers Detailed Explanation

MOST IMPORTANT indian economy mcq - 5 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

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

Questions : The effect of a government surplus upon the equilibrium level of NNP [Net National Product] is substantially the same as

(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.

Practice National Income & Human Development Index (national income & human development index section 5) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

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

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: (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: (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: (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: (c)

Question : 5

HDI is measured with reference to

  1. Infant Mortality
  2. Real GDP per capita
  3. Life Expectancy at birth
  4. Morbidity
Which of the statements given above is/are correct?

a) 3 and 4 are correct

b) 2 and 3 are correct

c) All are correct

d) 1, 2 and 3 are correct

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: (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.

Recently Added Subject & Categories For All Competitive Exams

Most Important Antonyms Vocabulary - IBPS Clerk Prelims 2024

Latest Antonyms multiple choice questions and answers with free PDFfor IBPS Clerk Prelims 2024. English Vocabulary practice exercise for all bank exam

17-May-2024 by Careericons

Continue Reading »

Syllogism Practice Questions Answers PDF - IBPS Clerk 2024

Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam

16-May-2024 by Careericons

Continue Reading »

IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers

Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download

14-May-2024 by Careericons

Continue Reading »

New Cloze Test Questions and Answers PDF - IBPS Clerk 2024

The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF

13-May-2024 by Careericons

Continue Reading »