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

Question : 11 [UPPCS (Mains) 2004]

‘World Development Report’ is an annual publication of

a) United Nations Development Programme

b) International Bank of Reconstruction and Development

c) World Trade Organisation

d) International Monetary Fund

Answer: (b)

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: (b)

National product at factor cost is equal to net domestic product at factor cost+ Net factor Income from Abroad.

Question : 13 [HPPSC (Pre) 2014]

The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at

a) Constant prices

b) Current prices

c) None of the above

d) Both of the above

Answer: (a)

Question : 14

In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?

  1. A large number of farmers are illiterate and know little about scientific agriculture.
  2. Prices of primary products are lower than those of manufactured products.
  3. 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: (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:

  1. In India, more than 85% agriculture workers are mainly casual labourers.
  2. Agriculture labourers in India are mainly dominated by the backward classes.
Which of the statements given above is/are correct?

a) 1 and 2

b) 2 only

c) 1 only

d) None

Answer: (a)

Agriculture labourers in India are mainly dominated by the backward classes and more than 85% agriculture workers are manly casual labourers.

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1210 National Income based indian economy MCQ section 1 question answer with explanation pdf

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