macro fundamentals, GDP, investment & growth section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

The visit of foreigners in India to see the various places/events in the country, amounts to which of the following in terms of economy:

a) Import

b) Consumption

c) Production

d) Export

Question : 2

Consider the following statements.

1. The Food Safety and Standards Act, 2006 replaced the Prevention of Food Adulteration Act, 1954.
2. The Food Safety and Standards Authority of India (FSSAI) is under the charge of Director General of Health Services in the Union Ministry of Health and Family Welfare.

a) Only 2

b) Only 1

c) Neither 1 nor 2

d) Both 1 and 2

Question : 3

Which of the following statements could be true for a high savings economy?

1. Higher investment
2. Higher consumption
3. Higher exports

a) (ii) & (iii) only

b) (i) & (iii) only

c) (i) & (ii) only

d) All of the above

Question : 4

Which of the following constitutes an investment in the economy?

1. Production of consumption goods
2. Production of capital goods
3. Production of services
4. Buying and selling of shares

a) (ii) & (iv) only

b) (ii) only

c) (i) & (ii) only

d) All of the above

Question : 5

The Meera Seth Committee was concerned with

a) gender bias in employment

b) development of handlooms

c) the welfare of the working women

d) the abolition of the child labour

Question : 6

Who is known as ‘Father of White Revolution’ in India?

a) V. Kurien

b) M.S. Swaminathan

c) B.P. Pal

d) K.N. Bhat