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MCQs

Total Questions : 10
Question 1.


The product method of calculating National Income is otherwise known as:


  1.     Value added method
  2.     Income method
  3.     Expenditure method
  4.     Net Output method
 Discuss Question
Answer: Option A. -> Value added method
:
A
 
Question 2.


National income is arrived at by adding to Net Domestic Product:


  1.     depreciation
  2.     net inflow from abroad
  3.     indirect taxes
  4.     subsidies
 Discuss Question
Answer: Option B. -> net inflow from abroad
:
B
 
Question 3.


Demand pull factors for inflation can lead to:


  1.     developmental expenditure
  2.     increase in agricultural output
  3.     a balanced budget
  4.     increase in industrial output
 Discuss Question
Answer: Option A. -> developmental expenditure
:
A
 
Question 4.


As an economy develops:


  1.     the share of agriculture in the national product declines
  2.     the share of industry increases
  3.     the number of persons employed in agriculture declines
  4.     none of these
 Discuss Question
Answer: Option A. -> the share of agriculture in the national product declines
:
A
 
Question 5.


Use of energy requirements (calorie) as a measure of poverty in India was made for the first time by:


  1.     AmartyaSen
  2.     Dandekar and Rath
  3.     Planning Commison
  4.     T.N. Srinivasan
 Discuss Question
Answer: Option B. -> Dandekar and Rath
:
B
 
Question 6.


The concept of 'P index' as a measure of income shortfall was proposed by:


  1.     JagdishBhagwati
  2.     P.S. Loganathan
  3.     B.S. Minhas
  4.     AmartyaSen
 Discuss Question
Answer: Option D. -> AmartyaSen
:
D
 
Question 7.


Relative poverty refers to a situation where:


  1.     a person falls behind others
  2.     a person is unable to obtain the necessaries for life
  3.     a person is below poverty line
  4.     a person is poorer than another in the developed world
 Discuss Question
Answer: Option A. -> a person falls behind others
:
A
 
Question 8.


Human Poverty Index (HPI) measures the deprivation as a composite index of:


  1.     Longevity, Nutrition and Knowledge
  2.     Knowledge, Basic Needs and Standard of living
  3.     Longevity, Standard of living and Sanitation
  4.     Longevity, Knowledge, and Standard of living
 Discuss Question
Answer: Option D. -> Longevity, Knowledge, and Standard of living
:
D
 
Question 9.


Demand management to control inflation may lead to:


  1.     increase in government expenditure
  2.     increase in unemployment due to contraction of the economy
  3.     expansion of credit
  4.     creation of excess liquidity
 Discuss Question
Answer: Option B. -> increase in unemployment due to contraction of the economy
:
B
 
Question 10.


Inflation is described as a regressive form of taxation because,


  1.     it affects exports and makes imports attractive
  2.     it leads to devaluation of the currency
  3.     it may cause recession
  4.     it affects the poor and vulnerable sections more
 Discuss Question
Answer: Option D. -> it affects the poor and vulnerable sections more
:
D
 

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