MCQs
Total Questions : 150
| Page 14 of 15 pages
Answer: Option C. -> Both 1 and 2
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.
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.
Answer: Option B. -> Health and Nutrition
Answer: (b)
Answer: (b)
Answer: Option C. -> traditional agriculture sector and modern industrial sector
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.
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.
Answer: Option C. -> Both 1 and 2
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.
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 135. 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
Answer: Option C. -> 1, 2 and 3
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.
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.
Answer: Option C. -> Manmohan Singh
Answer: (c)
The economy of India had undergone significant policy shifts at the beginning of the 1990s.
This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
Answer: (c)
The economy of India had undergone significant policy shifts at the beginning of the 1990s.
This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
Answer: Option A. -> Gross National Product
Answer: (a)
GNP is the total value of all final goods and services produced within a country in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country.
GNP measures the value of goods and services that the country’s citizens produced regardless of their location.
Gross National Income - It is total domestic and foreign output claimed by residents of a country consisting of GDP plus factor income earned by foreign residents minus income earned in the domestic income by nonresidents.
Answer: (a)
GNP is the total value of all final goods and services produced within a country in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country.
GNP measures the value of goods and services that the country’s citizens produced regardless of their location.
Gross National Income - It is total domestic and foreign output claimed by residents of a country consisting of GDP plus factor income earned by foreign residents minus income earned in the domestic income by nonresidents.
Answer: Option D. -> Agriculture Sector
Answer: (d)
Agriculture is the pillar of the Indian economy because of its high share in employment and livelihood creation.
Agriculture and allied activities are the largest contributors to GDP accounting for 27% of the total economy.
Answer: (d)
Agriculture is the pillar of the Indian economy because of its high share in employment and livelihood creation.
Agriculture and allied activities are the largest contributors to GDP accounting for 27% of the total economy.
Answer: Option C. -> Central Statistical Organisation
Answer: (c)
Central Statistical Organisation (CSO), prepares the estimates of national income in India.
The first official estimates of the national income, prepared by the CSO at constant prices with the base year 1948-49, as well as at current prices, were brought out in 1956.
Planning Commission - It was an institution of Govt. of India which formulated India’s Five-year plans.
Headquarters - New Delhi
Reserve Bank of India - India’s central banking institution, which controls the monetary policy of the Indian Rupee.
Indian Statistical Institute - Institution devoted to research, teaching and application of statistics, natural science & social science.
Answer: (c)
Central Statistical Organisation (CSO), prepares the estimates of national income in India.
The first official estimates of the national income, prepared by the CSO at constant prices with the base year 1948-49, as well as at current prices, were brought out in 1956.
Planning Commission - It was an institution of Govt. of India which formulated India’s Five-year plans.
Headquarters - New Delhi
Reserve Bank of India - India’s central banking institution, which controls the monetary policy of the Indian Rupee.
Indian Statistical Institute - Institution devoted to research, teaching and application of statistics, natural science & social science.
Answer: Option D. -> all of the above
Answer: (d)The Indian Economy is characterised by pre-dominance of agriculture, low per capita income and massive unemployment. In India contribution of agriculture to GDP is around 17.9%.
Answer: (d)The Indian Economy is characterised by pre-dominance of agriculture, low per capita income and massive unemployment. In India contribution of agriculture to GDP is around 17.9%.