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.

Which of the statements given above is/are correct?

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

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Question : 22

Economic planning is in

a) State list

b) Union list

c) Concurrent list

d) Not any specified list

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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

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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.

Which of the statement(s) given above is/are correct?

a) 2 and 4

b) 1 and 2

c) 1, 3 and 4

d) Only 2

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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

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