national income & human development index section 2 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 : 16 [UKPCS (Pre) 2016]
Human Development Index is a composite index of which of the following?
a) Life expectancy, educational attainment and per capita income
b) Nutritional status, quality of life and per capita GDP
c) Inflation, unemployment and per capita GDP
d) Poverty, life expectancy and educational attainment
Answer »Answer: (a)
Question : 17
Consider the following statements:
- The state sets broad parameters and goals for the economy.
- The targets to be achieved are broadly set by the state.
- The plan is made for the specific time period of about 15 years.
a) 1 and 2
b) 1, 2 and 3
c) 1 and 3
d) only 1
Answer »Answer: (a)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.
Question : 18
What does the term ‘Green shoots’ represent in an Economy?
a) signs of economic recovery during an economy downturn
b) signs of growth of agriculture sector in a growing economy
c) signs of growth of agriculture sector in a declining economy
d) signs of economic decline in a developed economy.
Answer »Answer: (a)
Green shoots is the first signs of an improvement in an economy that is performing badly. It was first used in this sense by Norman Lamont, the then Chancellor of the Exchequer of the United Kingdom, during the 1991 recession.
Question : 19
Consider the following statements :
- Agriculture and Allied sectors contribute less than 20% of Gross Domestic product of India.
- Around 60% of net sown agricultural area of India is depended on rainfall.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Agriculture and Allied sectors contribute less than 20% around 17% of the Gross Domestic Product of India.
Around 60% of the net sown agricultural area of India is dependent on rainfall.
Question : 20 [CDS-2011-II]
Consider the following statements relating to estimation of National Income.
- Foreigners working in Indian Embassies are normal residents of India.
- Foreigners working in the office of WHO, World Bank, UNO etc, located in India are not normal residents of India.
- Indians working in foreign embassies in India are not normal residents of India.
a) 1 and 3
b) Only 1
c) Only 3
d) All of these
Answer »Answer: (a)
Statement 2 is correct as it comes under the perview of nonresident/International resident.
IMPORTANT indian economy mcq EXERCISES
National Income & Human Development Index Shortcuts »
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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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