macro fundamentals, GDP, investment & growth section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Macro fundamentals, GDP, Investment, Growth PRACTICE TEST [4 - EXERCISES]
macro fundamentals, GDP, investment & growth section 1
macro fundamentals, GDP, investment & growth section 2
macro fundamentals, GDP, investment & growth section 3
macro fundamentals, GDP, investment & growth section 4
Question : 2 [HPPSC (Pre) 2010]
Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions?
a) High interest rate
b) Promoters of micro-finance institution growing rich
c) Borrowers stopped repaying loans
d) Small loans offered to microenterprises
Answer »Answer: (a)
Question : 3
Which of the following is a common measure of degree of 'openness of an economy'?
a) Trade balance as a percentage of GDP
b) Balance of Payments as a percentage of GDP
c) Exports and imports share in world GDP
d) Exports and imports of goods and services as a percentage of GDP
Answer »Answer: (d)
Openness is measured as, Exports + Imports of goods and services of a country as a percentage of its GDP.
So, (d) is correct
Trade balance means Exports – Imports.
So, statement (c) is incorrect.
Question : 4 [UPSC (Pre) 2012]
What is/are the recent policy initiative(s) of government of India to promote the growth of manufacturing sector?
- Setting up of National Investment and manufacturing Zones.
- Providing the benefits of ‘single window clearance’.
- Establishing the technology acquisition and development fund.
a) 2 and 3
b) Only 1
c) 1, 2 and 3
d) 1 and 3
Answer »Answer: (c)
Question : 5
Wholesale Price Inflation (WPI) index includes price change of which of the following sectors:
- Agriculture
- Mining
- Manufacturing
- Electricity
a) (i), (ii) & (iii) only
b) (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Wholesale Price Index (WPI) is released by the Office of Economic Advisor, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. The Base year has been revised to 2011-12 and includes 697 items.
WPI inflation measures the average change in prices of commodities for bulk sale at the level of the early stage of transactions pertaining to four sectors namely agriculture, mining, manufacturing and electricity. WPI does not cover services. WPI covers commodities falling under three Major Groups namely:
"Primary Articles" (weight 22.62%) like agricultural commodities and minerals
"Fuel and Power" (weight 13.15%) like coal and electricity and
"Manufactured Products" (weight 64.23%) like textiles, leather, machine tools
The prices tracked are agri-market (mandi) prices for agricultural commodities, ex-factory prices for manufactured products and ex-mines prices for minerals. The prices used for compilation do not include indirect taxes in order to remove the impact of fiscal policy. This is in consonance with best international practices and makes the new WPI conceptually closer to the "Produce Price Index" used internationally.
The weight given to each commodity covered in the WPI basked is based on the net traded value of the item in the year 2011-12. The net traded value is the value of output in the year 2011-12 adjusted for net imports. Thus, the net traded value represents the total transactions of each product in the economy during the base year.
IMPORTANT indian economy mcq EXERCISES
Macro fundamentals, GDP, Investment, Growth Shortcuts and Techniques with Examples
indian economy MCQ CATEGORIES
-
» Introduction to Indian Economy
-
» Planning, Economic Development & Five year Plans
-
» National Income & Human Development Index
-
» Agriculture Sector, Subsidy and Food Processing
-
» Industries, Manufacturing & Service Sectors
-
» Inclusive growth, Sustainable development and employment
-
» Poverty & Unemployment
-
» Introduction to Micro Economics
-
» Introduction to Macro Economics
-
» Macro fundamentals, GDP, Investment, Growth
-
» Demand & Supply, Profit Loss, Inflation & Price Index
-
» Fiscal Policy, Public Finance and Monetary Policy
-
» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
Recent Blog Posts
Recently Added Subject & Categories For All Competitive Exams
Top 149+ Biology General Knowledge Practice MCQ Test
Top Biology Ecology & Environment Awareness General Knowledge Multiple Choice Questions And Answers. General Science GK Practice Test For Competitive Exams
Continue Reading »
Important General Science Biology Practice MCQ Questions
Top General Science Biology In Human Welfare Based Multiple Choice Questions And Answers, Practice MCQ Test For All Competitive Exams, NEET, SSC, Interview
Continue Reading »
Top 199+ General Science Biology Practice Test, MCQ PDF
Most Important General Science Biology Human Welfare Multiple Choice Questions And Answers (MCQ) PDF, Practice Test For All Competitive Exams, SSC, NEET, RRB
Continue Reading »
New General Science Biology MCQ Online Practice Test, PDF
Top Most General Science Biology Food Production Multiple Choice Questions And Answers (MCQ), Online GK Practice Test, PDF For All Competitive Exams, NEET
Continue Reading »