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

MOST IMPORTANT indian economy mcq - 4 EXERCISES

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The following question based on Macro fundamentals, GDP, Investment, Growth topic of indian economy mcq

Questions : Consider the following statements:
  1. Imported capital equipment are part of investment in the Indian economy
  2. Imported capital equipment are part of India’s GDP
Select the correct answer using the code given below:

(a) Both (i) & (ii)

(b) (ii) only

(c) (i) only

(d) Neither (i) nor (ii)

The correct answers to the above question in:

Answer: (c)

GDP is the goods and services produced within the domestic territory of the country, so imported items are not part of GDP.

Investment in the Indian economy means the value of capital goods that the economy will get in a particular period whether by domestic production or through imports. This is because, whatever capital equipment we import, also helps in increasing future production.

So, investment in India is equal to capital goods produced in India plus imported capital goods minus exported capital goods. For a detailed understanding, you can refer to the book on Indian Economy by Vivek Singh.

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Read more macro fundamentals gdp investment growth Based Indian Economy Questions and Answers

Question : 1

Following are the statements associated with RAJFED. Choose the correct answer from the codes given below.


Statement A:
RAJFED is working in the state to make available HYV seeds, fertilizers and pesticides to farmers at fair prices.
Statement B:
RAJFED is working in the state to ensure fair prices to farmers for their crops.
Statement C:
RAJFED is working in the state as an apex development bank for agriculture.

a) A and B are correct

b) All statements are correct

c) Only A is correct

d) A and C are correct

Answer: (a)

Question : 2

RBI has set up a committee to study and give suggestion on the microfinance sector. It’s chairman was

a) Abid Hussain

b) Y.H. Malegam

c) Rakesh Mohan

d) Bimal Jalan

Answer: (b)

Question : 3

Concept of ‘Joint Sector’ for industrial development of India was envisaged in Industrial Policy Resolution of

a) 1956

b) 1948

c) 1991

d) 1980

Answer: (a)

Question : 4

White revolution is related to

a) Milk production

b) Egg production

c) Fish production

d) Wheat production

Answer: (a)

Question : 5

Indian Green Revolution started from

a) Bangalore

b) Pantnagar

c) Delhi

d) Kanpur

Answer: (b)

Question : 6

Quarterly and Annual GDP data is released by NSO with a time lag of:

a) Three months

b) Two months

c) One month

d) Four months

Answer: (b)

National Statistical Office (NSO) releases the quarterly and annual GDP data with a lag of two months.

For example, the data for the GDP and GDP growth for FY 2019-20 will be released on 31st May 2020.

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