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
- Disinvestment of profit making public sector Enterprises.
- Permitting private sectors to establish Industrial Units without taking a licence.
- Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.
(a) 1 and 3
(b) 1, 2 and 3
(c) 2 and 3
(d) only 2
The correct answers to the above question in:
Answer: (b)
LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.
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Question : 1
The Multi-Dimensional Poverty India developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of following?
- Deprivation of Education, health, assets and services at household level.
- Purchasing power parity at national level.
- 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
Answer »Answer: (b)
Question : 2
Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?
- Rapid rise in population
- Rapid rise in prices
- Slow pace of progress in agriculture and industrial fields
- Non-availability of foreign exchange
a) Only 1 and 3
b) Only 1 and 2
c) All of these
d) Only 1 and 4
Answer »Answer: (a)
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
Answer »Answer: (c)
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
Answer »Answer: (c)
With the introduction of Economic liberalisation requirement for government licensing has been abolished except for a small list of strategic and potentially hazardous industries and a few industries which are reserved for the small scale sector.
For most industries however industrial investment has been effectively delicensed and investors are free to set up new units or expand existing units subject only to environmental clearances.
Question : 5
Consider the following statements:
- 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.
- 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
Answer »Answer: (b)
C. Rangrajan committee was set up in 2012.
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
Answer »Answer: (d)
The Indian Economy is characterised by pre-dominance of agriculture, low per capita income and massive unemployment. In India contribution of agriculture to GDP is around 17.9%.
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