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) 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)
The correct answers to the above question in:
Answer: (d)
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Read more national income human development index Based Indian Economy Questions and Answers
Question : 1
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 : 2
National Sample Survey Office (NSSO) was established in the year
a) 1951
b) 1950
c) 1948
d) 1947
Answer »Answer: (b)
Question : 3
Which one of the following economists proposed the LPG model of economic development in India?
a) K.V. Kamath
b) Y.B. Reddy
c) Manmohan Singh
d) None of these
Answer »Answer: (c)
The economy of India had undergone significant policy shifts at the beginning of the 1990s.
This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
Question : 4
The Human Development Index (HDI) was first developed by which of the following?
a) UNICEF
b) UNDP
c) UNCTAD
d) IMF
Answer »Answer: (b)
Question : 5
‘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 : 6
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.
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