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

Question : 1

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 : 2

‘Super Rice’ was developed by

a) G.S. Khush

b) M.S. Swaminathan

c) P.K. Gupta

d) N.E. Borlaug

Question : 3

Consider the following statements regarding the services trade of India:

1. Value of export of services is equal to merchandise exports
2. India services trade is steadily in surplus in the last decade

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Question : 4

Green revolution had the greatest impact on

a) Maize

b) Rice

c) Wheat

d) Barley