national income & human development index section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [CDS-2012-I]

Which of the following statements is/are correct?

1. If a country is experiencing an increase in its per capita GDP, its GDP must necessarily be growing.
2. If a country is experiencing negative inflation its GDP must be decreasing.

a) Only 2

b) Only 1

c) Both 1 and 2

d) Neither 1 nor 2

Question : 2

The concept of Economic Planning in India is derived from which country?

a) UK

b) USA

c) Russia

d) France

Question : 3 [UPSC (Pre) 2013]

The national income of a country for a given period is equal to the

a) Sum of total consumption and investment expenditure

b) Total value of goods and services produced by the nationals

c) Money value of final goods and services produced

d) Sum of personal income of all individual

Question : 4

Planning was considered a prerequisite :

1. For balanced socio-economic development
2. For extending the benefits of development in an even manner.
3. For focussing on removal of regional disparities
4. For maximizing the utilization of available resources

a) 1, 2 and 3

b) 1 and 2

c) 2, 3 and 4

d) All the above

Question : 5

Net National Product (NNP) of a country is

a) GDP plus net income from abroad

b) GDP minus depreciation allowances

c) GNP minus net income from abroad

d) GNP minus depreciation allowances