national income & human development index section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

Which sector of the Indian economy contributes largest to the GDP?

a) Secondary sector

b) Primary sector

c) Tertiary sector

d) Public sector

Answer: (c)

The tertiary sector of the Indian economy contributes the largest to the GDP. During the last decade, the tertiary sector has shown remarkable expansion.

The economy is divided into three sectors on the basis of activities-primary, secondary and tertiary.

The primary sector is involved in agriculture, the secondary sector is involved in manufacturing, mining, construction while the tertiary sector is involved in trade, transport, communication, banking & other services.

In the last decade, India has expanded maximum in providing services like IT, telecommunication, healthcare, tourism which is contributing around 60% to GDP.

Question : 12

Which one of the following is related with the Atkinson’s index of an economy ?

a) An effect of supply demand mismatch

b) A method to determine the income inequality

c) A method to determine the unemployment

d) None of the above

Answer: (b)

The Atkinson index is a measure of income inequality developed by British economist Anthony Barnes Atkinson.

The measure is useful in determining which end of the distribution contributed most to the observed inequality.

Question : 13 [UKPCS (Pre) 2016]

Which one of the following publishes the ‘Global Competitiveness Index’ report?

a) IMF

b) UNDP

c) WTO

d) World Economic Forum

Answer: (d)

Question : 14 [UPSC (Pre) 1997]

National Income is the

a) Net National Product at factor cost

b) Net National Product at market price

c) Net Domestic Product at factor cost

d) Net Domestic Product at market price

Answer: (a)

Question : 15

National Income is the

a) NNP at factor cost

b) NNP at market price

c) Net Domestic product at market price

d) Net domestic product at factor cost.

Answer: (a)

National Income is the Net National product at the factor cost.

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1213 Human Development Index based indian economy MCQ section 4 question answer with explanation pdf

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