National Income & Human Development Index Section 4 Practice Questions Answers Test With Solutions & More Shortcuts

Question : 16 [UPPCS (Mains) 2010]

The World Investment Report (WIR) is published by

a) General Agreement on Tariffs on Trade (GATT)

b) International Monetary Fund (IMF)

c) Organisation of Economic Cooperation and Development (OECD)

d) United Nations Conference on Trade and Development (UNCTAD)

Answer: (d)

Question : 17 [UPSC (Mains) 2016]

Economic Survey in India is published by

a) Planning Commission

b) Ministry of Finance

c) Indian Statistical Institute

d) Ministry of Commerce

Answer: (b)

Question : 18 [UPSC (Mains) 2014]

The first measure of India’s National Income was made by

a) Dadabhai Naoroji

b) William Digby

c) V.K.R.V. Rao

d) M.G. Ranade

Answer: (a)

Question : 19

The reason in difference between GNP and GDP is

a) Net Foreign Investment

b) Gross Foreign Investment

c) Net Exports

d) Net Factor Income from abroad

Answer: (d)

NIFA = GNP - GDP

NIFA: refers to the net flow of property income to and from the rest of the world plus the net flow of compensation of employer.

Question : 20

The existence of a parallel economy or black money

a) makes the monetary policies less effective

b) makes the economy more competitive

c) ensure a better distribution of income and wealth

d) ensure increasing productive investment

Answer: (a)

The existence of a parallel economy or black money makes the monetary policies less effective.

A parallel economy, based on black money or unaccounted money, causes high circulation of money in the market and thus causes inflation etc.

Black Money - Black Money is the proceeds of an illegal transaction on which income and other taxes have not been paid and which can only be legitimised by some form of Money Laundering

IMPORTANT INDIAN ECONOMY MCQ EXERCISES

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1213 Human Development Index Based Indian Economy MCQ Section 4 Question Answer With Explanation Pdf

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