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

Question : 26

Harrod-Domar model of growth is based on the concepts of and their equality.

1. Population and productivity growth.
2. Investment and average growth rate of income.
3. Actual, warranted and natural growth rate.
4. Productivity growth and investment growth. Codes:

   a) 3 only

   b) 1 and 4

   c) 1 and 3

   d) 1, 2 and 3

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   Answer: (a)

Question : 27

Which of the following would cause consumption to rise?

a) a greater proportion of the population is between age 20 and 30

b) the GDP Deflator rises

c) transitory income increases

d) income is taken from poor people and given to rich people

Question : 28

In which year was the 20 point economic programme was announced for the very first time?

a) 2006

b) 1975

c) 1986

d) 1982

Question : 29

The term mixed economy denoted the existence of both

a) private and public sector

b) rural and urban sector

c) heavy and small industry

d) developed and under developed sector

Question : 30 [RAS (Pre) 2015]

Indicate the vital change in the measurement of National Income of India.

a) Calculation has been changed from factor cost to market prices

b) Base year has been changed from 2004-05 to 2011-12

c) Both the base year and calculation method have been changed

d) Calculation has been changed from current prices to constant prices