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) more fertilizer and less water
(b) less fertilizer and less water
(c) more fertilizer and more water
(d) less fertilizer and more water
The correct answers to the above question in:
Answer: (c)
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Question : 1
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 : 2
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 : 3
Following are the source of institutional credit to agriculture in India.
- Co-operative Banks
- Regional Rural Banks
- Commercial Banks
a) 2, 1, 3
b) 1, 3, 2
c) 3, 1, 2
d) 3, 2, 1
Answer »Answer: (c)
Question : 4
The registered exporters, whose export performance in several years is of high quality, are known as
a) Trading Houses
b) Export Houses
c) None of the above
d) Star Trading Houses
Answer »Answer: (d)
Question : 5
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 : 6
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)
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