Prelims-IAS –ECONOMICS MCQ-02
1..Consider the following regarding HDI:
- It was first developed by Mahbub Ul Haq in an attempt to define and measure the levels of development.
- It is released by the United Nations Development Programme (UNDP) in the Human Development Report (HDR).
- It is measured on a scale of 0 to 1.
- It categorises the countries of the world in three categories based on their HDI score.
Select the correct answer from the codes given below:
(a) 1 and 2 only
(b) 1, 2 and 3 only
(c) 3 and 4 only
(d) All of the above
2..Which of the following are calculated in the Education Index of HDI?
- Mean years of schooling
- Expected years of schooling
- Gross Enrollment ratio
Select the correct answer using code given below.
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
3..Which of the following statements refers to Green GDP?
- Conventional GDP figures adjusted for the environmental costs of economic activities.
- Growth of Green Investments in economy.
- Monetary value of the resources like forests, land and all the economic services provided by them.
- Accounts showing the monetized loss of biodiversity, costs caused by climate change.
Select the correct answer using the code given below.
(a) 1 only
(b) 1 and 3 only
(d) 1, 3 and 4 only
4..With reference to the recent base year revision released in January 2015, which of the following statements is/are the correct changes?
- Headline growth rate will now be measured by GDP at constant market prices instead of GDP at factor cost.
- Sector-wise estimates of gross value added (GVA) in manufacturing will now be given at basic prices instead of factor cost.
Select correct answer using codes given below.
(a) 1 only
(b) 2 only
(d) Neither 1 nor 2
5..Nominal GDP differs from Real GDP because:
(d) Nominal GDP includes only goods and services with market prices, while real GDP includes estimates of the value of all goods and services.
INDIAN ECONOMY- GS PAPER 3 – GUIDANCE PROGRAM
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