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)

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