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

Question : 1

Import procedure begins with

a) Marine insurance

b) Mate’s receipt

c) Shipping bill

d) Indent

Question : 2

‘Operation Flood’ is associated with

a) Irrigation Project

b) Flood control

c) Milk production and distribution

d) Storage of food grains

Question : 3

Some time back, the Government of India, decided to delicense ‘White goods industry’. White goods includes

a) milk and milk products

b) stainless steel and aluminium utensils

c) soaps, detergents and other mass consumption goods

d) items purchased for conspicuous consumption

Question : 4

Which of the following statements are true regarding GDP at constant market prices in the last few quarters?

1. Increasing
2. Growth rate increasing
3. Growth rate decreasing
4. Stagnant

a) (i) & (iii) only

b) (i) & (ii) only

c) (i) only

d) (iv) only

Question : 5

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 : 6

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