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
- Promoting skill development
- Introducing more social security schemes
- Reducing infant mortality rate
- Privatisation of higher education
(a) None of the above
(b) 2 only
(c) 1 only
(d) 3 and 4 only
The correct answers to the above question in:
Answer: (c)
To rip maximum demographic dividend, India has to promote skill development. This is what Economic Survey and 12th FYP have been advocating.
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Read more national income human development index Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
- 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
Answer »Answer: (c)
The economy of India had undergone significant policy shifts at the beginning of the 1990s at the time of the eighth plan. 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.
Moreover, the Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Question : 2
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
Answer »Answer: (a)
Question : 3
Depreciation is equal to
a) NNP – GNP
b) GNP – NNP
c) GNP – Personal Income
d) Personal Income – Personal Taxes
Answer »Answer: (b)
Depreciation is equal to GNP–NNP (Gross national products–Net national products) In economic, Depreciation is the gradual decrease in the economic value of the capital stock of a form nation or other entity.
Question : 4
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 : 5
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 : 6
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)
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