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

Question : 1

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

a) Sericulture

b) Floriculture

c) Horticulture

d) Pisciculture

Question : 2

National Agricultural Insurance Scheme was launched in the year

a) 1998-99

b) 1995-96

c) 2001-02

d) 1999-2000

Question : 3

Consider the following statement with reference to ‘Income Elasticity of Demand’:

1. It measures the responsiveness of demand for a particular good to changes in consumer income.
2. Using this concept, it is possible to tell if a particular good represents a necessity or a luxury.

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 4

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 : 5

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 : 6

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