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 : 21 [UPSC (Pre) 2004]
Consider the following statements.
- Regarding the procurement of food grains, Government of India following a procurement target rather than open-ended procurement policy.
- Government of India announces minimum support prices only for cereals.
- For distribution under Targeted Public Distribution System (TPDS), Wheat and rice are issued by the government of India at uniform central issue prices to the State/Union Territories.
a) Only 2
b) 1 and 2
c) Only 3
d) 1 and 3
Answer »Answer: (c)
Question : 23
Welfare of the people of a country is best represented by which of the following parameter:
a) Per capita GDP at constant prices
b) Per capita net national income at current prices
c) Per capita net national income at constant prices
d) Per capita GDP at current prices
Answer »Answer: (c)
The question talks about “people of a country” which is basically residents of the country and the income coming to residents is represented by National Income rather than GDP.
As it talks about welfare, so it should be better calculated as per capita National Income rather than just National Income. And since the increase in price can increase the National Income without increasing the welfare of the people.
So, welfare can best be represented by per capita National Income at constant market prices rather than current market prices.
[Ref: Economic Survey 2017-18, Vol-II, Page 7, Per Capita Income]
Question : 25
In domestic savings, generally which sector has the highest share?
a) Public Sector
b) Private corporate
c) Household
d) Almost equal contribution by the above sectors
Answer »Answer: (c)
Domestic savings consist of Household savings, Corporate (Private) savings and Government (Public) savings.
Household savings (17.2%), Private Corporate (11.6%), Public Sector (1.7%). Total domestic savings around 30.5% in FY 2017-18.
Investment also consists of household, Corporate (Private) and Government (Public). Here household investment includes unregistered/informal business and construction of houses etc.
Household investment (10.5%), Private Corporate (11.5%) and Government (Public) (7.3%). Total fixed capital formation (investment) is 29.3% in 2018-19. The maximum decline in investment in the last 8 years is in household sector from 16% to 10.5%.
IMPORTANT indian economy mcq EXERCISES
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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