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

Question : 1

Long-term agricultural credit is provided by

a) District Cooperative Bank

b) Primary Cooperative Society

c) State Cooperative Bank

d) Land Development Bank

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Question : 2

Which of the following agencies is not engaged in exporting agricultural goods from India?

a) State Trading Corporation

b) NAFED

c) MMTC

d) IFFCO

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Question : 3

The second Green Revolution proposed by the Prime Minister does not include

a) minimisation of the post harvest wastage

b) help to Indian farmers to participate in global agricultural trade

c) encouragement to foreign direct investment in agriculture

d) improvement in storage of crops

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Question : 4

Consider the statements regarding the various inflation indices published in the country:

1. Wholesale Price Index (WPI) does not represent the inflation in services
2. Consumer Price Index (CPI) represents the inflation in goods and services
3. CPI and WPI represent the inflation of imported goods also
4. GDP deflator captures the inflation of the goods and services produced domestically

Select the correct answer using the code given below:

a) (ii), (iii) & (iv) only

b) (i), (ii), (iii) only

c) (i) & (ii) only

d) All of the above

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Question : 5

India is planning to become a $5 Trillion economy by 2024-25. Consider the following statements.

1. It is in nominal terms
2. It is in PPP terms
3. It will require compounded annual real growth of around 8%, with 4% inflation

Select the correct answer using the code given below:

a) (i) & (iii) only

b) (ii) only

c) (i) only

d) (ii) & (iii) only

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Question : 6

Consider the following statements regarding Small-Scale industries,

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Small-Scale industries are in most cases not as efficient and competitive as large-scale ones. Yet the Government provides preferential treatment and reservation in a range of products to the small firms because small scale-industries.

1. Provide higher employment on a per-unit capital development basis.
2. Promote a regional dispersion of industries and economic activities.
3. Have performed better in the export of manufactured products than the large scale ones.
4. Provide jobs to low skill workers who otherwise may not find employment avenues elsewhere.

Which of the above statements are correct?

a) 1 and 2

b) 1 and 4

c) 3 and 4

d) 2 and 3

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