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) UNICEF
(b) UNDP
(c) UNCTAD
(d) IMF
The correct answers to the above question in:
Answer: (b)
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Question : 1
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)
Answer »Answer: (d)
Question : 2
One of the problems in calculating the national income in India currently is
a) inflation
b) under-employment
c) non-monetised consumption
d) low savings
Answer »Answer: (c)
Question : 3
National Sample Survey Office (NSSO) was established in the year
a) 1951
b) 1950
c) 1948
d) 1947
Answer »Answer: (b)
Question : 4
‘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
Answer »Answer: (c)
Question : 5
Gilt-edged market means :
- bullion market
- market of government securities
- market of guns
- market of pure metals
a) 1 and 3 only
b) 4 and 3 only
c) 2 only
d) 3 only
Answer »Answer: (c)
Gilts are bonds issued by certain, national governments. The term is of British origin and originally referred to the debt securities issued by the Bank of England, which had a gilt (or gilded) edge.
Hence, they are called gilt-edged securities, or gilts for short. The term is also sometimes used in Ireland and some British Commonwealth Countries, South Africa and India.
The term “Gilt Account” is also a term used by the RBI of India to refer to a constituent account maintained by a custodian bank for maintenance and servicing of dematerialised Government Securities owned by a retail customer.
Question : 6
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)
GET National Income & Human Development Index PRACTICE TEST EXERCISES
national income & human development index section 1
national income & human development index section 2
national income & human development index section 3
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national income & human development index section 5
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