macro fundamentals, GDP, investment & growth section 2 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 4 EXERCISES
The following question based on Macro fundamentals, GDP, Investment, Growth topic of indian economy mcq
(a) Sixties
(b) Fifties
(c) Eighties
(d) Seventies
The correct answers to the above question in:
Answer: (a)
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Question : 1
Since 1997-98 which statement is correct regarding Minimum Support Price (MSP)?
a) MSP > C2 costs
b) MSP = C2 costs
c) MSP is independent to C2 cost
d) MSP < C2 costs
Answer »Answer: (a)
Question : 2
Public Distribution System is aimed at
a) to prevent hoarding and black marketing
b) providing food security to the poor
c) All of the above
d) to prevent overcharging by traders
Answer »Answer: (c)
Question : 3
Consider the following statements regarding India:
- Exports (of goods and services) as a per cent of GDP has steadily decreased in the last decade
- Imports (of goods and services) as a per cent of GDP has steadily increased in the last decade
- Trade as a per cent of GDP has steadily decreased in the last decade
a) All of the above
b) (i) & (ii) only
c) (ii) only
d) None of the above
Answer »Answer: (d)
Question : 4
If India is experiencing economic growth, then which of the following statements must hold true:
- Real GDP is increasing
- Nominal GDP is increasing
- Rate of growth of real GDP is increasing
- Rate of growth of nominal GDP is increasing
a) (i) & (iii) only
b) (i) & (ii) only
c) (i) only
d) (i) & (iv) only
Answer »Answer: (c)
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macro fundamentals, GDP, investment & growth section 1
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