macro fundamentals, GDP, investment & growth section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [RAS (Pre) 2013]

Public procurement of food grains at support prices insures the following.

  1. Stability in farm prices
  2. Remunerative prices to the farmers
  3. Building food stocks for public distribution
Which of the above statements are correct?

a) 2 and 3

b) 1 and 2

c) Only 3

d) 1, 2 and 3

Answer: (d)

Question : 7

Which of the following statements are correct about CPI rural, CPI urban and CPI combined index?

  1. Inflation data is published by NSO
  2. The base year is 2011-12
  3. It is released for all India and for states and UTs separately on a monthly basis
Select the correct answer using the code given below:

a) (ii) & (iii) only

b) (ii) only

c) (i) only

d) All of the above

Answer: (d)

Question : 8 [UPPCS (Pre) 2015]

Green Revolution is related to

a) Pulse production

b) Millet production

c) Oil seed production

d) Wheat production

Answer: (d)

Question : 9 [PSC (Pre) 2011]

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?

  1. Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
  2. The government no longer intends to retain the managements control of the CPSEs.
Which of the statement(s) given above is/are correct?

a) Only 2

b) Only 1

c) Neither 1 nor 2

d) Both 1 and 2

Answer: (c)

Question : 10

The demand for GDP in the economy comes from which of the following sectors:

  1. Household
  2. Private
  3. Government
  4. External
Select the correct answer using the code given below:

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

b) (ii) & (iii) only

c) (i) & (ii) only

d) All of the above

Answer: (d)

An economy produces two types of final goods i.e. consumption and capital goods. Consumption goods get consumed and capital goods are used for further production processes (capital goods are also called investment).

The value of these two goods produced in the economy in a year is called GDP. These two types of goods i.e. GDP is purchased by the four sectors of the economy

  1. Household sector (consumption goods)
  2. Private sector (capital goods)
  3. Government sector (consumption and capital both)
  4. External sector (consumption and capital booth)

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1259 macro fundamentals GDP based indian economy MCQ section 1 question answer with explanation pdf

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