macro fundamentals, GDP, investment & growth section 3 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 4 EXERCISES
The following question based on Macro fundamentals, GDP, Investment, Growth topic of indian economy mcq
(a) Irrigation Project
(b) Flood control
(c) Milk production and distribution
(d) Storage of food grains
The correct answers to the above question in:
Answer: (c)
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Question : 1
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
Answer »Answer: (d)
Question : 2
Match List-I with List-II and select the correct answer from the codes given below the lists.
List | List II |
(Crop/Plantation) | (Largest producer state) |
A. Jute | 1. Kerala |
B. Tea | 2. Uttar Pradesh |
C. Sugarcane | 3. Assam |
D. Rubber | 4. West Bengal |
a) 3 1 2 4
b) 4 3 2 1
c) 1 2 3 4
d) 2 4 3 1
Answer »Answer: (b)
Question : 3
Economic growth in a country will necessarily have to occur if:
a) There is capital formation in the country
b) There is population growth in the country
c) There is technological progress in the country
d) The country's exports are increasing
Answer »Answer: (a)
Investment in the economy means production of capital goods. When the economy produces all consumption goods and no capital goods (investment) then its GDP shall remain constant i.e. it will not grow.
But till the time there is a net production of capital goods i.e. investment in the economy, the production of goods and services (GDP) will keep on increasing.
Capital formation means production of capital goods. So, if there is capital formation, it will necessarily lead to increasing in GDP i.e. economic growth.
Question : 4
Import procedure begins with
a) Marine insurance
b) Mate’s receipt
c) Shipping bill
d) Indent
Answer »Answer: (d)
Question : 5
Who was the person not associated with the Green Revolution when it started in India?
a) C. Subramaniam
b) M.S. Swaminathan
c) Rafi Ahmed Kidwai
d) Indira Gandhi
Answer »Answer: (c)
Question : 6
Which of the following statements are true regarding GDP at constant market prices in the last few quarters?
- Increasing
- Growth rate increasing
- Growth rate decreasing
- Stagnant
a) (i) & (iii) only
b) (i) & (ii) only
c) (i) only
d) (iv) only
Answer »Answer: (a)
Since last five/six quarters GDP growth is decreasing, while GDP is still increasing.
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