national income & human development index section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [HPPSC (Pre) 2011]

Which of the following is/are the component(s) of Gross Domestic Capital Formation (GDCF)?

  1. Gross Domestic Saving
  2. Net Capital Inflow
  3. Direct Foreign Investment
Choose the correct answer from the codes given below.Code

a) Only 2

b) Only 1

c) Both 1 and 2

d) Only 3

Answer: (c)

Question : 2

Indian economy has witnessed highest growth rate in GDP in the year

a) 2004 – 05

b) 2003 – 04

c) 2005 – 06

d) 2006 – 07

Answer: (d)

In the year 2006 – 07, the Indian economy has witnessed the highest growth rate in GDP.

The economy grew by 7.7 %. Highest growth rate GDP - in 2010 (10.26%)

Question : 3

The most appropriate measure of a country’s economic growth is its

a) Net Domestic product

b) Gross Domestic product

c) Net National product

d) Per capita real income

Answer: (d)

The most appropriate measure of the country’s economic growth is its “per capita real income” which is also denoted as NNP at factor cost population.

Question : 4 [HPPSC (Pre) 2016]

HDI is measured with reference to

  1. Infant Mortality
  2. Real GDP per capita
  3. Life Expectancy at birth
  4. Morbidity
Which of the statements given above is/are correct?

a) 3 and 4 are correct

b) 2 and 3 are correct

c) All are correct

d) 1, 2 and 3 are correct

Answer: (b)

Question : 5

Why is demographic dividend likely to be manifested in India in future?

a) Population of children below 7 years is likely to increase

b) Population in the age group between 8-15 years is likely to increase.

c) Population in the age group of 15-64 years is likely to increase

d) opulation in the age group above 65 years is likely to increase

Answer: (c)

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1214 National Income based indian economy MCQ section 5 question answer with explanation pdf

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