Previous year MCQs

Economy UPPSC 2013 GS-I
Question

The most appropriate measure of a country’s economic growth is its:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Per Capital Product (PCP)

Detailed Solution:

The correct answer is “Per Capital Product (PCP)”.
The most appropriate measure of a country’s economic growth is its Per Capital Product (PCP) or per capita income. Per capita income is a measure of the amount of money earned per person in a nation or geographic region.

Similar Questions:

Which of the following statement(s) is/are correct about "Make in India" Programme ?

1. Make in India’ Programme was launched in the year 2014.
2. It aims to encouraging companies for manufacturing in India and facilitating investment.

Select the correct answer from the code given below.
Code:
  1. A) Neither 1 nor 2
  2. B) Both 1 and 2
  3. C) Only 2
  4. D) Only 1
Capital Market means
  1. A) share market
  2. B) commodity market
  3. C) money market
  4. D) all the above
Which of the following is measured by the Lorenz curve?
  1. A) Illiteracy
  2. B) Unemployment
  3. C) Population growth
  4. D) Inequality of Income
Due to Urbanization in India:
  1. A) Both birth rates and mortality rate have decreased
  2. B) Only birth rate has decreased and not rate the mortality
  3. C) Birth rate and mortality rate have increased
  4. D) Both birth rates and mortality have unaffected.
Which one of the following is different from the others from the point of view of Tax relief to individuals:
  1. A) National Savings Certificate
  2. B) Public Provident Fund
  3. C) Indira Vikas Patra
  4. D) National Savings Scheme
Assertion (A): In recent times, the growth in the public sector employment has been very sluggish in India.
Reason (R): There has been reassessment of the role of State in economic development.
  1. A) Both A and R are true and R is the correct explanation of A
  2. B) Both A and R are true but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true
The largest item of public expenditure in the Union Budget in recent years has been:
  1. A) Defence expenditure
  2. B) Interest payments
  3. C) Major subsidies
  4. D) Capital expenditure
The Gandhiyan economy is based on the principle of:
  1. A) Competition
  2. B) Trusteeship
  3. C) State Control
  4. D) None of the above
LB.S. is one of the economic measures taken by the Government of India for financial inclusion. What is L.B.S. in this context ?
  1. A) Lead Breaking System
  2. B) Lead Banking Scheme
  3. C) Loan Banking System
  4. D) Loan Banking Scheme
The word "Actuaries" is related to:
  1. A) Banking
  2. B) Insurance
  3. C) Share-market
  4. D) None of the above
With which of the following movements is Aruna Asaf Ali associated?
  1. A) Non-Cooperation Movement
  2. B) Civil Disobedience Movement
  3. C) Individual Satyagrha
  4. D) Quit India Movement
The number of persons who remained unemployed for a major part of the year is called:
  1. A) Usual status unemployment
  2. B) Daily status unemployment
  3. C) Weekly status unemployment
  4. D) None of the above