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

Question : 6 [UPSC (Pre) 2011]

Micro-finance is the provision services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are

1. Credit-facilities
2. Saving facilities
3. Insurance facilities
4. Fund transfer facilities

a) Only 1 and 4

b) Only 1

c) 1, 2, 3 and 4

d) Only 2 and 3

Question : 7

Consider the following statements regarding Incremental Capital Output Ratio (ICOR):

1. It shows how efficiently capital is being used to produce output
2. It is the extra unit of capital required to produce one additional unit of output
3. It is the extra unit of output produced from one additional unit of capital
4. It is the ratio of change in capital to change in output

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

b) (i) & (ii) only

c) (i) only

d) (i), (iii) & (iv) only

Question : 8 [MPPCS (Pre) 2016]

Among the following, which one is related to Blue Revolution in India?

a) Sericulture

b) Floriculture

c) Horticulture

d) Pisciculture

Question : 9 [UPPCS (Mains) 2006]

National Agricultural Insurance Scheme was launched in the year

a) 1998-99

b) 1995-96

c) 2001-02

d) 1999-2000

Question : 10

Consider the following statement with reference to ‘Income Elasticity of Demand’:

1. It measures the responsiveness of demand for a particular good to changes in consumer income.
2. Using this concept, it is possible to tell if a particular good represents a necessity or a luxury.

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)