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

Question : 21

Consider the following statements in regard to the GDP of a country :

1. Real GDP is calculated by keeping inflation into consideration.
2. Nominal GDP is calculated on the basis of the prices of goods and services produced in the current year.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 22

Economic planning is in

a) State list

b) Union list

c) Concurrent list

d) Not any specified list

Question : 23 [UPPCS (Mains) 2004]

The Hindu rate of growth refers to the growth rate of

a) National Income

b) Per Capita Income

c) Literacy

d) Population

Question : 24 [UPSC (Pre) 2018]

Consider the following statements. Human capital formation as a concept is better explained in terms of a process which enables

1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities of the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.

a) 2 and 4

b) 1 and 2

c) 1, 3 and 4

d) Only 2

Question : 25

Who estimated national income in India first?

a) R.C. Dutt

b) Dadabhai Naoroji

c) V.K. R.V. Rao

d) D.R. Gadgil