national income & human development index section 3 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 : 11
The main source of National income in India is
a) agriculture
b) service sector
c) industrial sector
d) trade sector
Answer »Answer: (b)
The service sector is one of the three economic sectors. it includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
The maximum contribution to national income comes from the service sector which contributes more than 50%.
Question : 13
In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this?
- A large no. of farmers are illiterate and know little about scientific-agriculture.
- Prices of primary products are lower than those of manufactured products.
- 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 »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
- High growth will led to inflation.
- High growth will lead to deflation.
a) Only 2
b) Only 1
c) Both 1 and 2
d) Neither 1 nor 2
Answer »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:
- The India Human Development Survey (IHDS) is a nationally representative, multi-topic survey of households across India.
- IHDS is conducted by the NCAER.
a) 1 and 2
b) 2 only
c) 1 only
d) None
Answer »Answer: (d)
Both the statements are correct.
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
-
» Banking, Security Market & Insurance
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