macro fundamentals, GDP, investment & growth section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following are the objectives of the commission for Agricultural costs and prices (CACP)?

1. To stabilise agricultural prices.
2. To ensure meaningful real income levels to the farmers.
3. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates though public distribution system.
4. To ensure maximum price for the farmer.

a) 1, 2 and 4

b) 1, 2 and 3

c) 2, 3 and 4

d) 2, 3 and 4

Question : 2

Consider the following statements:

1. Real GDP has steadily increased in the last decade
2. GDP at current market prices has steadily increased in the last decade

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 3

‘Super Rice’ was developed by

a) G.S. Khush

b) M.S. Swaminathan

c) P.K. Gupta

d) N.E. Borlaug