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Q.1) The World Bank releases the estimates of GDP growth rate for its member nations every year through its report. What is the name of the report?
[a] Ease of Doing Business Report
[b] World Investment Report
[c] World Economic Outlook Report
[d] Global Economic Prospects Report
[e] None of the above
Q.2) Which of the following arguments make us realize the fact that GDP alone cannot symbolize the development of a country?
1. The distribution of Income among the people of a country cannot be analysed by the GDP numbers.
2. Many activities in an economy are not evaluated in monetary terms
. 3. The externalities are not taken into account while computing the GDP.
4. The GDP numbers does not give us any indication regarding the overall Social Development of a country.
[a] 2, 3, 4
[b] 1, 3, 4
[c] 1, 2, 4
[d] 2 and 3
[e] 1, 2, 3, 4
Q.3) To calculate GDP at Market Prices, which of the following should not be added?
[a] Product Tax
[b] Production Tax
[c] Product Subsidy
[d] None of the above is added
[e] All the above components are added while calculating the GDP
Q.4) India has shifted to a new GDP series. The GDP was earlier calculated at __________and is now being calculated at_________?
[a] Factor Cost, Market Price
[b] Market Price, Factor Cost
[c] Basic Price, Factor cost
d] Basic Price, Market Price
[e] Current Price, Constant Price
Q.5) In India, which of the following agencies is responsible for calculating the National Income?
[a] The Department of Economic Affairs, Ministry of Finance
[b] Ministry of Commerce and Industry
[c] The Reserve Bank of India
[d] Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation
[e] The State Bank of India
Q.6) The Human Development Report which is released by the UNDP, the United Nations global development network is headquartered in?
[a] Washington DC, USA
[b] Berlin, Germany
[c] New York City, USA
[d] Montreal, Canada
[e] Rome, Italy
Q.7) The standard of living dimension in the calculation of the MPI is based on how many indicators?
[a] Four
[b] Six
[c] Ten
[d] Two
[e] Five
Q.8) The IMF is headquartered in?
[a] New York, USA
[b] Washington DC, USA
[c] Geneva, Switzerland
[d] Vienna, Austria
[e] Paris, France
Q.9) When was the Gender Inequality Index (GII) introduced?
[a] 2010
[b] 2011
[c] 2013
[d] 2014
[e] None of the above
Q.10) When was the Human Development Report first published?
[a] 2012
[b] 2010
[c] 1990
[d] 1992
[e] 1996
ANSWER:-
1)[d] Global Economic Prospects Report
2)e] 1, 2, 3, 4
3)[c] Product Subsidy
4)[a] Factor Cost, Market Price
5)[d] Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation
6)[c] New York City, USA
7)[b] Six
8)[b] Washington DC, USA
9)[a] 2010
10)[c] 1990
