national income & human development index section 4 Practice Questions Answers Test with Solutions & More Shortcuts
National Income & Human Development Index PRACTICE TEST [5 - EXERCISES]
national income & human development index section 1
national income & human development index section 2
national income & human development index section 3
national income & human development index section 4
national income & human development index section 5
Question : 26
Consider the following statements :
- Higher growth in GDP and population can occur together.
- Per capita income always decreases with high population growth.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Higher growth in GDP and population can occur together. Per capita income always decreases with high population growth as income per person decreases with rise in population.
Question : 28
Consider the following statements in regard to inclusive development:
- Inclusive developments refer to the social inclusion of the socially excluded sections of the society.
- Creating productive and gainful employment opportunities.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Inclusive growth is a concept that includes an equitable allocation to every section of society.
It creates an environment of equality in opportunity in all dimensions such as employment creation, market, consumption, and production and has created a platform for people who are poor to access a good standard of living.
Question : 29
The “Dual Economy” is a mixture of ?
a) state ownership of the means of production
b) industrial sector and manufacturing sectors
c) traditional agriculture sector and modern industrial sector
d) industrial sector and trading of goods obtained through imports
e) None of these
Answer »Answer: (c)
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand.
The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
Question : 30
In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?
- A large number of farmers are illiterate and know little about scientific agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investment in agriculture has been lower when compared to investment in the industry
a) 1 and 3
b) 1 and 2
c) 1, 2 and 3
d) 2 and 3
Answer »Answer: (c)
In India a large number of farmers are illiterate and know little about scientific agriculture, prices of primary products are lower than those of manufactured products and Investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
IMPORTANT indian economy mcq EXERCISES
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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