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

Question : 1

The Multi-Dimensional Poverty India developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of following?

1. Deprivation of Education, health, assets and services at household level.
2. Purchasing power parity at national level.
3. Extent of budget deficit and GDP growth rate at national level.

a) 1 and 3

b) Only 1

c) 1, 2 and 3

d) 2 and 3

Question : 2

Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?

1. Rapid rise in population
2. Rapid rise in prices
3. Slow pace of progress in agriculture and industrial fields
4. Non-availability of foreign exchange

a) Only 1 and 3

b) Only 1 and 2

c) All of these

d) Only 1 and 4

Question : 3

Human Development Index (HDI) comprises literacy rates, life expectancy at birth and

a) Gross Domestic Product per head at real purchasing power

b) Gross Domestic Product per head in US Dollars

c) National Income per head in US Dollars

d) Gross National Product in US Dollars

Question : 4

Economic liberalization in India started with?

a) Doing away with procedural formalities for foreign direct investment

b) The convertibility of Indian rupees

c) Substantial changes in industrial licensing policy

d) Significant reduction in tax rates

Question : 5

Consider the following statements:

1. Since 2005, Indian government adopted Tendulkar methodology which moved away from calorie anchor to a basket of goods and used rural urban and regional minimum expenditure per capita necessary to survive.
2. C. Rangrajan committee was set up in 2013 for poverty estimation in India.

a) 1 and 2

b) 2 only

c) 1 only

d) None

Question : 6

The Indian economy is characterised by

a) low per capita income

b) pre-dominance of agriculture

c) massive unemployment

d) all of the above