One Flashcards
Indian Economy for UPSC Civil Services 2018
1
Q
What is the area under cotton cultivation in India?
A
9.4 million hectares
2
Q
______ is the total income
generated by the residents of a country
in its economic territory in a particular
period of time
A
National income
3
Q
The calculation of
National Income by compiling income of
all households is called _____
A
Income Method
4
Q
The calculation of
National Income by compiling the value
of all goods and services produced in the country is called _____
A
Production Method
5
Q
The Production Method is also called _____
A
Output Method or Value Added Method
6
Q
The calculation of
National Income by compiling the total
expenditure incurred by the people.
A
Expenditure or Consumption Method
7
Q
Stock of unsold finished goods,
Semi-finished goods, or raw materials
which a firm carries from one year to the
next is called _____
A
Inventory
8
Q
The sum of GDP and Net National Income from Abroad is called?
A
GNP
9
Q
The difference between GNP and depreciation is called ____
A
NNP
10
Q
The difference between indirect taxes and subsidies is called ____
A
Net Indirect Taxes
11
Q
The difference between NNP and Net Indirect Taxes is called _______
A
National Income
12
Q
National Income is also called _____
A
NNP At Factor Cost
13
Q
NNP at Factor Cost is also called _____
A
National Income
14
Q
Profit which is not distributed among
the factors of production but is kept
with the firms is called _______.
A
Undistributed Profits
15
Q
The GDP at current prices is called ____
A
Nominal GDP
16
Q
GDP at base/constant prices is called _____
A
Real GDP
17
Q
The ratio between Nominal GDP and Real GDP is called?
A
GDP Deflator
18
Q
The index of
prices of a given basket of commodities
purchased by a representative consumer is called?
A
Consumer Price Index
19
Q
Wholesale Price Index is also known as ____ in USA.
A
Producer Price Index
20
Q
______ cannot be taken as a good indicator
of the welfare of the people of a country
A
GDP
21
Q
_______ refer to the harm a firm
or an individual might inflict upon
another firm or individual for which
they are not penalised
A
Externalities
22
Q
HDI was developed by _____
A
Mahbub-ul-Haq and Amartya Sen
23
Q
What are the three dimensions through which HDI is measured?
A
Health, Education and Standard of Living
24
Q
What is the indicator of the dimension Health in the HDI?
A
Life Expectancy
25
What are the indicators for the dimension of education in HDI?
1. Expected Years of Schooling.
| 2. Mean years of prior schooling for adults aged 25 and older.
26
What is the indicator for the dimension of Standard of Living in the HDI?
GNI per capita
27
Which countries secured the top 5 positions in the HDI Report 2016?
Norway, Australia, Switzerland, Germany, Denmark
28
What was India's Rank in the HDI Report 2015?
130
29
What was India's Rank in the HDI Report 2016?
131
30
India is in which category in the HDI Report?
Medium Human Development Category
31
Life Expectancy in India as given by the HDI Report 2016 is?
68.3 years
32
The Life Expectancy for Women as per HDI Report 2016 is?
69.9 years
33
The Life Expectancy for Men as per HDI Report 2016 is?
66.9 years
34
Which country has shown the most progress in HDI Report 2016 among BRICS Nations?
China
35
Which country has shown the second best progress in HDI Report 2016 among BRICS Nations?
India
36
Which country has the lowest percentage of women in the workforce among the BRICS Nations?
India
37
India's rank in the Gender Inequality Index 2016 is?
125
38
The HDI Report 2016 noted that increasing clean
energy investments in India by _____% of GDP
a year for 20 years will generate a net increase of ____ jobs annually.
1.5, 10 million
39
HDI Report is published by the?
UNDP - United Nationas Development Programme
40
The 3 new indices introduced by UNDP in 2010 are?
Multi-Dimensional Poverty Index (MDPI)
Inequality-Adjusted HDI (IHDI)
Gender Inequality Index (GII)
41
What is India's rank in the MDPI Report 2017?
37
42
What is India's rank in the MDPI Report 2017?
37
43
Which index adjusts the HDI for inequality?
Inequality-Adjusted HDI (IHDI)
44
If HDI and ____ are equal, then there is no
| inequality.
Inequality-Adjusted HDI (IHDI)
45
If IHDI is ____ than HDI, it means there is
| inequality.
Less
46
Which index measures inequality that exists between men and women?
Gender Inequality Index (GII)
47
What are the three dimensions in GII?
1. Reproductive Health
2. Empowerment
3. Labour Market
48
What are the indicators for reproductive health in the GII?
Maternal Mortality Rate(MMR) & Adolescent Fertility Rate(AFR)
49
What are the indicators for empowerment in the GII?
parliamentary representation and
attainment of secondary and higher
education
50
What are the indicators for labor market in the GII?
women's participation in
| workforce.
51
What is India's rank in the GII Report 2016?
125
52
What are the two measures of human development introduced by UNDP in 1995 which highlight the status of women?
Gender Development Index(GDI)
| Gender Empowerment Measure (GEM)
53
Which index has been developed by Oxford Poverty and Human Development Initiative(OPHI) and UNDP?.
Multi Poverty Index (MPI)
54
Which Index has the Multi Poverty Index (MPI) replaced?
Human Poverty Index (HPI)
55
The World Happiness Report is published annually by the?
UN Sustainable
| Development Solutions Network
56
The World Happiness Report was first published in which year?
2012
57
List the five indicators of happiness in the World Happiness Index?
```
GDP per capita
Life Expectancy
Social Support
Freedom to make life choices
Generosity and perceptions of corruption
```
58
When is the International Day of Happiness?
March 20
59
List the top 4 happiest countries according to the World Happiness Report 2017.
1. Norway
2. Denmark
3. Iceland
4. Switzerland
60
What is India's rank in the World Happiness Report 2017?
122
61
What was India's rank in the World Happiness Report 2016?
118
62
What is Pakistan's rank in the World Happiness Report 2017?
80
63
What is Nepal's rank in the World Happiness Report 2017?
99
64
What is Bhutan's rank in the World Happiness Report 2017?
97
65
What is Bangladesh's rank in the World Happiness Report 2017?
110
66
What is Sri Lanka's rank in the World Happiness Report 2017?
120
67
The Energy Architecture Performance Index is released annually by?
World Economic Forum in collaboration with
| Accenture Strategy since 2013.
68
The World Economic Forum is based in?
Geneva
69
India's rank in the Energy Architecture Performance Index 2017 is?
87
70
The social phenomena in which a section of the society is unable to fulfill even its basic necessities of life is called?
Poverty
71
The first estimate of poverty in India after Independence was made by?
VM Dandekar and Nilkanth Rath
72
Dandekar and Rath fixed the minimum level of per capita nutrition needed for subsistence level of living as
2250 calories
73
According to Dandekar and Nilkanth Rath, what were the BPL levels at 1960-61 prices?
Rural - Rs 180 pcpa, Urban - Rs 270 pcpa
74
The Lakdawala Committee on Poverty Estimation was constituted by?
Planning Commission in 1989
75
The Lakdawala Committee submitted its report in which year?
1993
76
What were the per capita daily intake requirements as per the Lakdawala Committee?
Rural - 2400 calories, Urban - 2100
77
The Lakdawala Committee awarded a higher per capita daily intake requirement in the rural areas because ____
hard physical labour taken up in rural areas
78
Which poverty estimate gave different poverty lines for different states, based on variation in prices?
Lakdawala Committee
79
List the three Consumer Price Indices introduced by the Lakdawala Committee.
CPI-AL, CPI-IW, CPI-UNME, Urban Non-Manual Employee
80
Consumer expenditure data for 365 days recall period for five infrequently purchased non food items is called?
Mixed Recall Period
81
Mixed Recall Period is introduced by?
NSSO
82
NSSO conducted its poverty estimation survey in?
2004-05
83
According to NSSO Survey in 2004-05, list the poverty lines in rural and urban areas.
₹ 356.30 pc monthly consumption expenditure in rural areas and ₹ 538.60 pc monthly consumption expenditure in urban areas
84
Consumer expenditure data for 30 days recall period for all items is called?
Uniform Recall Period
85
Name the Poverty Estimation Committee set up by the Planning Commission in 2009.
Tendulkar Committee headed by Suresh Tendulkar
86
Which Committee on Poverty Estimation moved from calorie based poverty estimation to nutrition, health and other expenditure based estimation?
Tendulkar Committee
87
What is the basket of goods selected to determine poverty called?
Poverty Line Basket
88
The Tendulkar Committee on Poverty Estimation relied on _____ to estimate poverty.
Mixed Recall Period
89
List the poverty lines in rural and urban areas according to the Tendulkar Committee.
Rural - ₹ 446, Urban - ₹ 578.
90
Which Committee on Poverty Estimation relied on both calories and nutrition and non-food expenditure to estimate poverty line?
Rangarajan Committee
91
List the poverty lines estimate for rural and urban areas under the Rangarajan Committee.
Rural - ₹972 pc per month. Urban - ₹1181 pc per month
92
The situation in which individuals are ready and willing to work at the prevailing rate of wages but do find work is called?
Unemployment
93
A person working or being engaged in economic activity is said to be?
employed or in the workforce
94
A person who is either working or making tangible efforts to seek work or being available to work is said to be?
in the labour force
95
A person who is not engaged in any economic activity and also not available for work is said to be?
not in the labour force
96
A person who is not engaged in economic activity but making tangible effort to seek work or is available for work is said to be?
unemployed
97
Activity Status based on a reference period od one year is called?
Chronic or Usual Activity Status
98
Activity Status based on a reference period of one week is called?
Current Weekly Status
99
Activity Status based on reference period of each day of reference week is called?
Current Daily Status
100
A person is considered employed even if be js employed for ______ in a week.
one hour
101
A person is considered working or employed for the entire day if he has worked for _____ during the day.
4 hours or more
102
If a person has worked for ____, he is considered to have been employed for half day.
1 to 4 hours
103
In half day, if a person is seeking work, he is said to be in _____
labour force
104
A person who is not engaged in work for at least 1 hour but seeking work for more than 4 hours is said to be?
unemployed for entire day
105
If a person is seeking work for upto 1 to 4 hours only he is then said to be?
unemployed for half day, and not in labour force for the other half
106
Unemployment caused by structural changes like rapidly growing population, fall in rate of capital formation, technological change etc in the economy is called?
Structural unemployment
107
Unemployment when people change from one job to another and remain unemployed during the interval period is called?
Frictional
108
Unemployment when people are thrown out of a job due to recession is called?
Cyclical unemployment
109
Cyclical unemployment is also called?
Demand deficiency unemployment
110
Root cause for cyclical unemployment is?
lack of aggregate demand
111
The produce added due to addition of a worker is called?
Marginal Product
112
Unemployment in which people are apparently employed but their marginal product is zero is called?
Disguised unemployment
113
Which type of unemployment is a feature of Indian agriculture?
Disguised unemployment
114
A person who is educated and skilled, failing to obtain a job suited to hus qualification is called?
educated unemployed
115
Unemployment when labourers without any work and do not find any work to do is called?
Open unemployment
116
Educated unemployed and skilled labourers unemployment come under which type of unemployment?
Open unemployment
117
Migration from rural areas to urban areas in search of work is an example of which type of unemployment?
Open unemployment
118
Unemployment where some individuals want to remain idle even when jobs are available is called?
Voluntary unemployment
119
Unemployment ranging between ____ % in a country is considered natural and inevitable.
2 to 3
120
Can natural unemployment be eliminated?
No
121
Which law states that with increase in income, the proportion spent on food falls down?
Engel's Law
