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

Question : 1

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 : 2

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

a) Sericulture

b) Floriculture

c) Horticulture

d) Pisciculture

Question : 3

National Agricultural Insurance Scheme was launched in the year

a) 1998-99

b) 1995-96

c) 2001-02

d) 1999-2000

Question : 4

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 : 5

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 : 6

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