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

Question : 1

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

Question : 2

Following are the source of institutional credit to agriculture in India.

1. Co-operative Banks
2. Regional Rural Banks
3. Commercial Banks

a) 2, 1, 3

b) 1, 3, 2

c) 3, 1, 2

d) 3, 2, 1

Question : 3

Consider the following statements:

1. Net Factor Income from Abroad is equivalent to the net of exports & imports
2. Net of Indirect taxes and subsidies are included in the calculation of national income

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 4

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

Question : 5

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

Question : 6

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