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

Question : 1

‘Rule of Law Index’ is released by which of the following?

a) The office of UN Commissioner for Human Rights

b) Amnesty International

c) World Justice Project

d) International Court of Justice

Question : 2

The Human Development Index (HDI) was first developed by which of the following?

a) UNICEF

b) UNDP

c) UNCTAD

d) IMF

Question : 3

In an open economy, the National Income (y) of the economy is (C, I, G, X, M, Y stand for Consumption, Investment, Government Expenditure, Total Exports, Total Imports and National Income, respectively). Select the correct answer from the following.

a) Y = I + G – X + M

b) Y = C + I + G + X

c) Y = C + I – G + (X – M)

d) Y = C + I + G + (X – M)

Question : 4

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

Question : 5

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

Question : 6

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.