NewGK.in - Your Online Learning Center

New Batch for Civil Services (Prelims) Online Preparation is starting soon. Whatsapp on 7990043888 for more info.

Introduction to economy

This question bank will help in revising your syll..

Which statement is true in relation of Gross Domestic Product (GDP)

 

  • It is the value of all final goods and services produced within the boundary of a nation during one year.
  • It is a ‘quantitative’ concept and its volume/size indicates the ‘internal’ strength of the economy.
  • It is used by the IMF/WB in the comparative analyses of its member nations.
  • All of the Above
Show Answer

Which statement is true in relation of Net Domestic Product (NDP)

  • NDP of an Economy has to be always higher than its GDP for the same year
  • It is calculated after adjusting the weight of the value of ‘depreciation’ from GDP
  • NDP is used in comparative economies means to compare the world economies
  • None of the Above
Show Answer

Which statement is true in relation of Gross National Product (GNP)

  • It is calculated after adding ‘income from abroad’ in the GDP
  • In case of India GNP is always lower than its GDP
  • It helps to study the demand of a country’s product in world and world products in the country.
  • All of the above
Show Answer

Human Development Index measures the average achievement of a country in :

 

  • Long & healthy life
  • Access to knowledge
  • Decent standard of living
  • All of the above
Show Answer

Gender Inequality Index (GII) reflects women’s disadvantage in three dimensions:

  • Reproductive health
  • Empowerment
  • Labour market
  • All of the above
Show Answer
Follow Us on Social Media





Follow us on Facebook



Send us your Feedback