MCQ
Measurement of Development & HDI MCQ - Practice Questions with Answers
Solve 149 Measurement of Development & HDI questions for RAS/RPSC preparation.
Practice questions
Q1What methodology did the new GDP series with FY23 base year adopt for the first time?
The new GDP series adopts double deflation methodology, separately deflating output and input for real GVA.
Q2Consider the following statements: 1. The Lorenz Curve plots cumulative share of income against cumulative share of population. 2. The Gini coefficient ranges from 0 for perfect equality to 1 for perfect inequality. 3. A higher Gini coefficient indicates lower inequality. 4. The area between the Lorenz Curve and the 45-degree equality line is used in deriving the Gini coefficient. Which of the statements given above are correct?
Statements 1, 2 and 4 are true. Statement 3 is false because a higher Gini indicates greater, not lower, inequality.
Q3Which index is used to measure industrial production in India?
IIP is compiled by NSO with base year 2011-12. It measures short-term changes in industrial production across 3 sectors: Mining (14.37%), Manufacturing (77.63%), and Electricity (7.99%). Published monthly.
Q4Consider the following statements: 1. The Tendulkar Committee estimated poverty based on monthly per capita consumption expenditure. 2. The Tendulkar Committee retained the earlier purely calorie-based approach without change. 3. The Tendulkar Committee estimated that 21.9% of India's population was below the poverty line in 2011-12. 4. The Rangarajan Committee estimated higher poverty levels than Tendulkar and recommended ₹47 per day urban and ₹32 per day rural poverty lines at 2011-12 prices. Which of the statements given above are correct?
Statements 1, 3 and 4 are correct. Statement 2 is incorrect because the Tendulkar Committee moved away from the earlier calorie-based approach and used MPCE.
Q5Demographic dividend refers to:
Demographic dividend occurs when the proportion of working-age population (15-64 years) is larger than non-working age. India's demographic dividend window is expected to last until 2055-56. Economic Survey regularly discusses leveraging this through skilling.
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More questions
6In India, the National Income is estimated by:
7Consider the following statements: 1. GNP is calculated as GDP plus Net Factor Income from Abroad. 2. NNP is obtained by adding depreciation to GNP. 3. If GDP is ₹100, NFIA is ₹-5 and depreciation is ₹10, NNP equals ₹85. Which of the statements given above are correct?
8The Tendulkar Committee (2009) estimated poverty based on:
9Transfer payments are NOT included in the calculation of GDP because:
10Consider the following statements: 1. Goods produced for self-consumption are included in GDP. 2. Imputed rent of owner-occupied houses is included in GDP. 3. Services of housewives are not included in GDP because they are not market transactions. Which of the statements given above are correct?
111. India's GDP estimates are prepared by the National Statistical Office under MoSPI. 2. India's CPI data is compiled and released by the National Statistical Office under MoSPI. 3. The Wholesale Price Index is compiled by RBI. Which of the statements given above are correct?
12Consider the following statements: 1. NITI Aayog is the nodal institution for achieving SDGs in India. 2. The SDG India Index monitors the performance of States and Union Territories. 3. The SDG India Index is released by the Reserve Bank of India. 4. NITI Aayog monitors SDG progress only at the national level, not at sub-national level. Which of the statements given above are correct?
13What was India's Manufacturing PMI in March 2026?
14Gross Value Added (GVA) at basic prices is related to GDP as:
15Periodic Labour Force Survey (PLFS) is conducted by: