macro fundamentals, GDP, investment & growth section 2 MCQ Questions & Answers Detailed Explanation

Question : 1

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

Question : 2

Consider the following statements regarding India:

1. Exports (of goods and services) as a per cent of GDP has steadily decreased in the last decade
2. Imports (of goods and services) as a per cent of GDP has steadily increased in the last decade
3. 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

Question : 3

Micro-finance is the provision services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are

1. Credit-facilities
2. Saving facilities
3. Insurance facilities
4. Fund transfer facilities

a) Only 1 and 4

b) Only 1

c) 1, 2, 3 and 4

d) Only 2 and 3

Question : 4

Green revolution was the result of adaption of New Agricultural strategy which was introduced in 20th Century during decades of

a) Sixties

b) Fifties

c) Eighties

d) Seventies

Question : 5

If India is experiencing economic growth, then which of the following statements must hold true:

1. Real GDP is increasing
2. Nominal GDP is increasing
3. Rate of growth of real GDP is increasing
4. Rate of growth of nominal GDP is increasing

a) (i) & (iii) only

b) (i) & (ii) only

c) (i) only

d) (i) & (iv) only