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

Question : 1

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 : 2

Consider the following statements:

1. Decrease in investments will lead to depletion of capital stock in the economy
2. A decrease in investments will lead to an increase in the incremental capital-output ratio
3. A decrease in investments will lead to a decrease in the production of goods and services

a) (i) & (iii) only

b) (ii) only

c) (i) only

d) None of the above

Question : 3

The licensing policy for the industries drew strength from

a) Industrial Policy Resolution, 1956

b) Industrial Policy Resolution, 1948

c) Industries Act 1951

d) Congress Party Resolution of establishing Socialistic pattern of society

Question : 4

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 : 5

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 : 6

Green revolution had the greatest impact on

a) Maize

b) Rice

c) Wheat

d) Barley