Lifelines of National Economy Class 10 MCQ. We covered all the Lifelines of National Economy Class 10 MCQ in this post for free so that you can practice well for the exam.
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Lifelines of National Economy Class 10 Objective MCQ for Students
Human Development Index (HDI) comprises literacy rates, life expectancy at birth, and
A) Gross Domestic Product per head in US Dollars
B) Gross Domestic Product per head at real purchasing power
C) Gross National Product in US Dollars
D) National Income per head in US Dollars
Option d – National Income per head in US Dollars
National Income is the
A) Net National Product at market price
B) Net National Product at factor cost
C) Net Domestic Product at market price
D) Net Domestic Product at factor cost
Option b – Net National Product at factor cost
The term National Income represents
A) Gross National Product at market price minus depreciation
B) Gross National Product at market price minus depreciation plus net factor Income from abroad
C) Gross National Product at market price minus depreciation and indirect tax plus subsidies
D) Gross National Product at market price minus net factor income from abroad
Option c – Gross National Product at market price minus depreciation and indirect tax plus subsidies
The first measure of India’s National Income was made by
A) William Digby
B) Dadabhai Naoroji
C) M.G. Ranade
D) V.K.R.V. Rao
Option b – Dadabhai Naoroji
The Per Capita Income in India was *20 in 1867-68 was ascertained for the first time by
A) M.G. Ranade
B) Sir W. Hunter
C) R.C. Dutta
D) Dadabhai Naoroji
Option d – Dadabhai Naoroji
Which of the following statements is not true of the Indian Economy?
A) Its share of the world population is only 16%, but its share of the world GDP is 1.6%
B) The share of the service sector in India’s GDP is only 25%
C) 58% of its working population is engaged in agriculture, but the contribution of agriculture to the national income is 22%
D) India occupies only 2.4% of the world’s geographical area
Option b – The share of the service sector in India’s GDP is only 25%
The growth rate of per capita income at current prices is higher than that of per capita income at constant prices because the latter takes into account the rate of
A) growth of population
B) increase in the price level
C) growth of the money supply
D) increase in the wage rate
Option b – increase in the price level
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