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

Question : 21 [UPPCS (Mains) 2006]

India disguised unemployment is found in

a) Industrial Sector

b) Agricultural Sector

c) Trade Sector

d) Service Sector

Answer: (b)

Question : 22

Quarterly and Annual GDP data is released by NSO with a time lag of:

a) Three months

b) Two months

c) One month

d) Four months

Answer: (b)

National Statistical Office (NSO) releases the quarterly and annual GDP data with a lag of two months.

For example, the data for the GDP and GDP growth for FY 2019-20 will be released on 31st May 2020.

Question : 23 [MPPSC (Pre) 2005]

Indian Green Revolution started from

a) Bangalore

b) Pantnagar

c) Delhi

d) Kanpur

Answer: (b)

Question : 24 [UPPCS (Pre) 2015]

White revolution is related to

a) Milk production

b) Egg production

c) Fish production

d) Wheat production

Answer: (a)

Question : 25

Consider the following statements:

  1. Imported capital equipment are part of investment in the Indian economy
  2. Imported capital equipment are part of India’s GDP
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Answer: (c)

GDP is the goods and services produced within the domestic territory of the country, so imported items are not part of GDP.

Investment in the Indian economy means the value of capital goods that the economy will get in a particular period whether by domestic production or through imports. This is because, whatever capital equipment we import, also helps in increasing future production.

So, investment in India is equal to capital goods produced in India plus imported capital goods minus exported capital goods. For a detailed understanding, you can refer to the book on Indian Economy by Vivek Singh.

IMPORTANT indian economy mcq EXERCISES

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1260 macro fundamentals GDP based indian economy MCQ section 2 question answer with explanation pdf

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