national income & human development index section 1 Practice Questions Answers Test with Solutions & More Shortcuts
National Income & Human Development Index PRACTICE TEST [5 - EXERCISES]
national income & human development index section 1
national income & human development index section 2
national income & human development index section 3
national income & human development index section 4
national income & human development index section 5
Question : 12 [CDS-2014-II]
National product at factor cost is equal to
a) National product at market prices - indirect taxes + subsidies
b) Domestic product + Net factor income from abroad
c) Gross domestic-product - depreciation
d) National product at market prices + Indirect taxes + subsidies
Answer »Answer: (b)
National product at factor cost is equal to net domestic product at factor cost+ Net factor Income from Abroad.
Question : 14
In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?
- A large number of farmers are illiterate and know little about scientific agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investment in agriculture has been lower when compared to investment in the industry
a) 1 and 2
b) 1, 2 and 3
c) 1 and 3
d) 2 and 3
Answer »Answer: (b)
In India, a large number of farmers are illiterate and know little about scientific-agriculture methods. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
Question : 15
Consider the following statements:
- In India, more than 85% agriculture workers are mainly casual labourers.
- Agriculture labourers in India are mainly dominated by the backward classes.
a) 1 and 2
b) 2 only
c) 1 only
d) None
Answer »Answer: (a)
Agriculture labourers in India are mainly dominated by the backward classes and more than 85% agriculture workers are manly casual labourers.
IMPORTANT indian economy mcq EXERCISES
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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