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

Question : 26

Market Based economic climate means:

a) Some financial choice are taken by authorities and different are left to market forces

b) All financial determinations are taken based mostly on the demand and provide forces

c) Government has full handle over the exclusive sector

d) Economic judgements are taken after maintaining in view the social welfare

Answer: (b)

Market-based economic climate refers back to the financial system the place all financial judgements are taken based mostly on the demand and provide circumstances prevailing out there.

Government has minimal interference in financial actions. Private gamers are free to supply the items and expertise based mostly on the demand and provides alerts out.

Question : 27

Which one of the following is not included in the Agriculture and Allied Services of Indian Economy?

a) Forestry

b) Fishing

c) Logging

d) Food Processing

Answer: (d)

Agriculture (crops) and allied sectors are like forestry, logging and fishing. Food processing is not included in the Agriculture and allied services of Indian Economy.

Question : 28 [UPPCS (Pre) 2012]

Which of the following statements is not true of the Indian Economy?

a) The share of service sector in India’s GDP is only 25%

b) Its share of world population is only 16%, but its share of world GDP is 1.6%

c) India occupies only 2.4% of the world’s geographical area

d) 58% of its working population is engaged in agriculture, but the contribution of agriculture to the national income is 22%

Answer: (a)

Question : 29 [UPPCS (Mains) 2006]

While calculating HDI, the maximum value and minimum value for life expectancy at birth (years) are taken as

a) 85 and 25

b) 100 and 25

c) 80 and 20

d) 90 and 30

Answer: (a)

Question : 30 [UPPCS (Mains) 2004]

Human Poverty Index was developed in the year

a) 1997

b) 1991

c) 2001

d) 1995

Answer: (a)

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1212 Human Development Index based indian economy MCQ section 3 question answer with explanation pdf

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