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

Question : 1

To obtain full benefits of demographic dividend, what should India do ?

1. Promoting skill development
2. Introducing more social security schemes
3. Reducing infant mortality rate
4. Privatisation of higher education

a) None of the above

b) 2 only

c) 1 only

d) 3 and 4 only

Question : 2

Consider the following statements :

1. LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
2. The Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.

a) only 2

b) only 1

c) Both 1 and 2

d) Neither 1 nor 2

Question : 3

When National Income is calculated with reference to a base year, it is called

a) Real national income

b) Nominal national income

c) Gross national income

d) Net national income

Question : 4

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 : 5

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 : 6

Consider the following statements about the LPG model of economic development process in India?

1. Disinvestment of profit making public sector Enterprises.
2. Permitting private sectors to establish Industrial Units without taking a licence.
3. 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