national income & human development index section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

The main source of National income in India is

a) agriculture

b) service sector

c) industrial sector

d) trade sector

Answer: (b)

The service sector is one of the three economic sectors. it includes:

  1. telecommunication,
  2. hospitality industry/tourism,
  3. mass media,
  4. healthcare/hospitals,
  5. information technology,
  6. banking,
  7. insurance,
  8. investment management,
  9. accountancy,
  10. legal services,
  11. consulting,
  12. retail sales,
  13. real estate, and
  14. education.

The maximum contribution to national income comes from the service sector which contributes more than 50%.

Question : 12 [UPPCS (Mains) 2010]

The multi-dimensional poverty index of UNDP includes

a) 12 indicators

b) 8 indicators

c) 14 indicators

d) 10 indicators

Answer: (d)

Question : 13

In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this?

  1. A large no. of farmers are illiterate and know little about scientific-agriculture.
  2. Prices of primary products are lower than those of manufactured products.
  3. Investment in agriculture has been lower when compared to investment in industry:

a) 1 and 3

b) 1 and 2

c) 1, 2 and 3

d) 2 and 3

Answer: (c)

In India, a large no. of farmers are illiterate and know little about scientific agriculture. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.

All these reasons are responsible for lower rural income.

Question : 14 [CDS-2012-II]

Consider the following statements

  1. High growth will led to inflation.
  2. High growth will lead to deflation.
Which of the statements given above is/are correct?

a) Only 2

b) Only 1

c) Both 1 and 2

d) Neither 1 nor 2

Answer: (b)

Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.

If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.

Question : 15

Consider the following statements:

  1. The India Human Development Survey (IHDS) is a nationally representative, multi-topic survey of households across India.
  2. IHDS is conducted by the NCAER.
Which of the statements given above is/are in correct?

a) 1 and 2

b) 2 only

c) 1 only

d) None

Answer: (d)

Both the statements are correct.

IMPORTANT indian economy mcq EXERCISES

National Income & Human Development Index Shortcuts »

Click to Read...

national income & human development index section 3 Online Quiz

Click to Start..
1212 Human Development Index based indian economy MCQ section 3 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 »