macro fundamentals, GDP, investment & growth section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1

If India is experiencing economic growth, then which of the following statements must hold true:

1. Real GDP is increasing
2. Nominal GDP is increasing
3. Rate of growth of real GDP is increasing
4. Rate of growth of nominal GDP is increasing

a) (i) & (iii) only

b) (i) & (ii) only

c) (i) only

d) (i) & (iv) only

Question : 2 [UPPCS (Pre) 2015]

Green revolution was the result of adaption of New Agricultural strategy which was introduced in 20th Century during decades of

a) Sixties

b) Fifties

c) Eighties

d) Seventies

Question : 3 [RAS (Pre) 2016]

Since 1997-98 which statement is correct regarding Minimum Support Price (MSP)?

a) MSP > C2 costs

b) MSP = C2 costs

c) MSP is independent to C2 cost

d) MSP < C2 costs

Question : 4 [MPPCS (Pre) 2008]

Public Distribution System is aimed at

a) to prevent hoarding and black marketing

b) providing food security to the poor

c) All of the above

d) to prevent overcharging by traders

Question : 5

Consider the following statements regarding India:

1. Exports (of goods and services) as a per cent of GDP has steadily decreased in the last decade
2. Imports (of goods and services) as a per cent of GDP has steadily increased in the last decade
3. Trade as a per cent of GDP has steadily decreased in the last decade

a) All of the above

b) (i) & (ii) only

c) (ii) only

d) None of the above