Macro Fundamentals, GDP, Investment & Growth Section 2 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 : 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 »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 : 25
Consider the following statements:
- Imported capital equipment are part of investment in the Indian economy
- Imported capital equipment are part of India’s GDP
a) Both (i) & (ii)
b) (ii) only
c) (i) only
d) Neither (i) nor (ii)
Answer »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
Macro Fundamentals, GDP, Investment, Growth Shortcuts »
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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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