Macro Fundamentals, GDP, Investment & Growth Section 1 Practice Questions Answers Test With Solutions & More Shortcuts

Question : 21 [UPSC (Pre) 2004]

Consider the following statements.

1. Regarding the procurement of food grains, Government of India following a procurement target rather than open-ended procurement policy.
2. Government of India announces minimum support prices only for cereals.
3. 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.

Which of the statement(s) given above is/are correct?

a) Only 2

b) 1 and 2

c) Only 3

d) 1 and 3

Answer »

Question : 22 [UPSC (Pre) 2002]

Which one of the following committees recommended the abolition of reservation of items for the Small Scale Sectors in industry?

a) Narsimhan Committee

b) Abid Hussain Committee

c) Rakesh Mohan Committee

d) Nayak Committee

Answer »

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 »

Question : 24 [PCS (Pre) 1999]

The share of the tertiary sector in total GDP of India has

a) shown a decreasing trend

b) shown an increasing trend

c) been fluctuating

d) remained constant

Answer »

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 »