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Prelims-IAS –ECONOMICS MCQ-05

1..GDP of a country is measured by:

(a)  Taking into account all final expenditures in the economy
(b)  Sum of factor income
(c)  Sum of all the final goods and services produced by factors of production located in the country
(d)  All of the above


2..A decrease in tax to GDP ratio of a country indicates which of the following?

1. Slowing economic growth rate
2. Less equitable distribution of national income
Select the correct answer using the codes given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2


3..Which of the following components is/are used in calculating Human Development Index (HDI) by UNDP?

  1. Life expectancy at birth
  2. Mean years of schooling and expected years of schooling
  3. GNP per capita

Select the correct answer using the code given below.
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3


4..With reference to Gender Inequality Index (GII), which among the following statements are correct?

  1. It was introduced in the 2010 Human Development Report.
  2. It is the ratio of male to female HDI values.
  3. The higher the GII value the more loss to human development.

Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3


5.With reference to newly released GDP figures, consider the following statements:

  1. GDP calculation is now based at Market prices.
  2. Base year of calculation is 2011-12.
  3. MCA 21 database is used to compile the data for manufacturing GDP.

Which of the above statements is/are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3


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