macro fundamentals, GDP, investment & growth section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions?

a) High interest rate

b) Promoters of micro-finance institution growing rich

c) Borrowers stopped repaying loans

d) Small loans offered to microenterprises

Question : 2

Which of the following is a common measure of degree of 'openness of an economy'?

a) Trade balance as a percentage of GDP

b) Balance of Payments as a percentage of GDP

c) Exports and imports share in world GDP

d) Exports and imports of goods and services as a percentage of GDP

Question : 3

What is/are the recent policy initiative(s) of government of India to promote the growth of manufacturing sector?

1. Setting up of National Investment and manufacturing Zones.
2. Providing the benefits of ‘single window clearance’.
3. Establishing the technology acquisition and development fund.

a) 2 and 3

b) Only 1

c) 1, 2 and 3

d) 1 and 3