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 : 21
Consider the following statements :
- In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
- In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (a)
In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
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 »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 »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.
- India dropped 11 spots from its ranking in the previous year 2017.
- Finland with 1st rank is the happiest country.
- This report includes only 155 countries.
a) Only 1 and 3
b) Only 1
c) Only 2 and 3
d) Only 1 and 2
Answer »Answer: (d)
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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