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

Question : 21

Consider the following statements :

  1. In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
  2. In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
Which of the statements given above is/are correct?

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Answer: (a)

In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.

Question : 22 [HPPSC (Pre) 2014]

Which among the following are the factors that determine the national income of a country?

a) The state of technical knowledge

b) Quantity and Quality of factors of produced

c) All of the above

d) Economic and Political stability

Answer: (c)

Question : 23

The National Income of a country is

a) sum total of factor incomes

b) the annual revenue of the government

c) surplus of PSU’S

d) export minus import

Answer: (a)

National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.

Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.

Question : 24

The philosophy of ‘Laissez-Faire’ is associated with

a) Industrial state

b) Gandhian state

c) Socialist state

d) Welfare state

Answer: (a)

The philosophy of ‘Laissez-Faire’ is associated with industrial state. Laissez Faire - Abstention by Govt. from interfering in the working of free market.

Question : 25 [UPPCS (Mains) 2006]

Consider the following statements about ‘World Happiness Report 2018’ released by United Nations in March 2018.

  1. India dropped 11 spots from its ranking in the previous year 2017.
  2. Finland with 1st rank is the happiest country.
  3. This report includes only 155 countries.
Of the above, the correct statement(s) is/are

a) Only 1 and 3

b) Only 1

c) Only 2 and 3

d) Only 1 and 2

Answer: (d)

IMPORTANT indian economy mcq EXERCISES

National Income & Human Development Index Shortcuts »

Click to Read...

national income & human development index section 1 Online Quiz

Click to Start..
1210 National Income based indian economy MCQ section 1 question answer with explanation pdf

Recently Added Subject & Categories For All Competitive Exams

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »

IBPS Profit and Loss Questions Solved Problems with PDF

Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons

Continue Reading »

100+ Average Aptitude Questions Answers solutions MCQ PDF

New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons

Continue Reading »