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

Question : 1

Actively associated with Green Revolution

a) Dr. Kurien

b) Dr. Swaminathan

c) Dr. Abdul Kalam

d) C. Subramaniam

Question : 2

Consider the following.

1. Area nut
2. Barley
3. Coffee
4. Finger millet
5. Groundnut
6. Sesamum
7. Turmeric

a) Only 2, 4, 5 and 6

b) Only 1, 2, 3 and 7

c) 1, 2, 3, 4, 5, 6 and 7

d) Only 1, 3, 4, 5 and 6

Question : 3

Which one of the following is the objective of National Renewal Fund?

a) To develop core sectors of the economy

b) To safeguard the interests of who may be affected by technological upgradation of industry or closure of sick units

c) For human resource development such as full literacy, employment, population control, housing and drinking water

d) For the development of infrastructure such as energy, transport, communications and irrigation

Question : 4

Capital formation in a country will necessarily lead to which of the following:

1. Increase in ICOR
2. Decrease in ICOR
3. Economic growth

a) (iii) only

b) (ii) & (iii) only

c) (i) & (iii) only

d) None of the above

Question : 5

Consider the following statements

1. Capital goods are final goods and are not used as an input
2. Intermediate goods are those which have been produced but should be further transformed before they can be used for any purpose

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 6

Small Scale and Cottage Industries are important because

a) Government helps them

b) they provide more employment

c) management is easy

d) they are traditional