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

Question : 1

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

Question : 2

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

a) 1956

b) 1948

c) 1991

d) 1980

Question : 3

Shanta Kumar Committee has submitted its report on restructuring of Food Corporation of India (FCI) to Mr. Modi. Read the following recommendations and find the incorrect ones.

1. FCI procurement should focus on the western belt, where farmers get the minimum support price.
2. FCI should hand over the procurement of wheat and rice to four states which include Punjab, Haryana, Andhra Pradesh and Chattisgarh.
3. Proposed uniform tax of minimum 3% and maximum 4% on wheat and rice and the same to be included in the minimum support price.

a) Only 1 and 3

b) Only 1 and 2

c) None of the above

d) Only 2 and 3

Question : 4

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

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 5

White revolution is related to

a) Milk production

b) Egg production

c) Fish production

d) Wheat production

Question : 6

Indian Green Revolution started from

a) Bangalore

b) Pantnagar

c) Delhi

d) Kanpur