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

Question : 1

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 : 2

Consider the following statements regarding Incremental Capital Output Ratio (ICOR):

1. It shows how efficiently capital is being used to produce output
2. It is the extra unit of capital required to produce one additional unit of output
3. It is the extra unit of output produced from one additional unit of capital
4. It is the ratio of change in capital to change in output

a) (i), (ii) & (iv) only

b) (i) & (ii) only

c) (i) only

d) (i), (iii) & (iv) only

Question : 3

Among the following, which one is related to Blue Revolution in India?

a) Sericulture

b) Floriculture

c) Horticulture

d) Pisciculture

Question : 4

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 : 5

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

Question : 6

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