yes, but I'm not sure why you've posted that one. That just says Turbo is on. This is normal.
To test, what you can do is install something like HWMon. Run it when windows gets the desktop. You will see a default clockspeed, and when you run a game or an app, the maximum clockspeed should be the max turbo. which will be 3.4ghz or 3400mhz approx.
The system will dynamically switch between stock frequency and Turbo boost frequency when the thermals, and other facotrs allow. It's all automatic.