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) Trading Houses
(b) Export Houses
(c) None of the above
(d) Star Trading Houses
The correct answers to the above question in:
Answer: (d)
Practice Macro fundamentals, GDP, Investment, Growth (macro fundamentals, GDP, investment & growth section 2) Online Quiz
Discuss Form
Read more macro fundamentals gdp investment growth Based Indian Economy Questions and Answers
Question : 1
The ‘Green Revolution’ involved the use of high yielding varieties of seeds which required
a) more fertilizer and less water
b) less fertilizer and less water
c) more fertilizer and more water
d) less fertilizer and more water
Answer »Answer: (c)
Question : 2
Which of the following statements are true regarding Gross National Income:
- It is the income earned by a country's Residents
- It is the income earned by a country's residents and nonresidents both
- It is calculated at market price by NSO
- It is equal to GDP plus exports minus imports
a) (ii) & (iii) only
b) (i) & (iv) only
c) (i) & (iii) only
d) (ii), (iii) & (iv) only
Answer »Answer: (c)
Gross National Income (GNI) is the income earned by Indian residents only whether in India or abroad.
(If an Indian has gone abroad for less than 6 months then also, he is an Indian resident only).
GNI does not include the income earned by Non-Resident Indians (NRIs). And it is equal to GDP plus net factor income from abroad (NFIA).
GNI = GNP = GDP + NFIA
Question : 3
The prices at which the government purchases grains for maintaining public distribution system and for building up buffer-stock is known as
a) Procurement Prices
b) Minimum Support Prices
c) Ceiling Price
d) Issue Prices
Answer »Answer: (b)
Question : 4
Among the Indian States, Uttar Pradesh is the largest producer of which of the following crops?
a) Wheat, Potato, Sugarcane
b) Wheat, Potato, Groundnut
c) Potato, Sugarcane, Paddy
d) Potato, Sugarcane, Cotton
Answer »Answer: (a)
Question : 5
In relation to Agricultural Finance and Refinance which institution is the biggest?
a) NABARD Institution
b) Regional Rural Bank
c) Land Development Bank
d) Central Cooperative Bank
Answer »Answer: (a)
Question : 6
A country is going through a phase of industrialization. Which of the following statements are correct?
a) Total factor productivity increases
b) Productivity of labour increases
c) Capital to labour ratio increases
d) All of the above
Answer »Answer: (d)
When a country goes through industrialization, it uses more capital and less labour comparatively or we can say labours are replaced by capital (machinery). That means ratio of capital to labour increases sharply. So, statement (a) is true.
Industrialization also leads to an increase in production of goods and services (with the same amount of labour or maybe less labour). So, production per labour also increases which means an increase in labour productivity. So, statement (b) is also true.
Total factor productivity means the productivity of all factors of production i.e. labour, capital, land etc. During industrialization, since overall production increases, production per unit of inputs i.e. labour, capital, land etc also increases. So, statement (c) is also true. Productivity of labour = $\text"Output"/\text"Labour"$
Productivity of land = $\text"Output"/\text"Land"$
We all know that because of industrialization output increased. Now if output increased (with the same land and labour), then as per the above formula, productivity of land and productivity of labour, both will increase.
So, in case of industrialization, productivity of all the factors of production increases.
GET Macro fundamentals, GDP, Investment, Growth PRACTICE TEST EXERCISES
macro fundamentals, GDP, investment & growth section 1
macro fundamentals, GDP, investment & growth section 2
macro fundamentals, GDP, investment & growth section 3
macro fundamentals, GDP, investment & growth section 4
Macro fundamentals, GDP, Investment, Growth Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
Puzzle Reasoning Questions Answers PDF: IBPS Clerk 2024
Top Reasoning Puzzle Test questions with answers, fully solved explanation and download PDF for IBPS Clerk Prelims 2024. Aptitude MCQ-based practice test
Continue Reading »
Most Important Antonyms Vocabulary - IBPS Clerk Prelims 2024
Latest Antonyms multiple choice questions and answers with free PDFfor IBPS Clerk Prelims 2024. English Vocabulary practice exercise for all bank exam
Continue Reading »
Syllogism Practice Questions Answers PDF - IBPS Clerk 2024
Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam
Continue Reading »
IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers
Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download
Continue Reading »