macro fundamentals, GDP, investment & growth section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [UPPCS (Pre) 2007]

The importance of agriculture in Indian economy is indicated by its contribution to which of the following?

a) Industrial development and international trade

b) National income and employment

c) All of the above

d) Supply of food grains

Answer: (c)

Question : 7 [MPPCS (Pre) 2012]

Who among the following is associated with ‘White revolution’?

a) Verghese Kurien

b) P.J. Kurien

c) M.S. Raghanathan

d) M.S. Swaminathan

Answer: (a)

Question : 8 [UPPCS (Pre) 2008]

The Concept of ‘Navratna’ is associated with

a) selected export - oriented units

b) selected categories of technical manpower

c) selected Public Sector Enterprises

d) selected food - processing industries

Answer: (c)

Question : 9 [UPSC (Pre) 2004]

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

a) Services Sector

b) Chemicals other than fertilizers

c) Telecommunication

d) Food processing

Answer: (a)

Question : 10

For a sustained high growth, which of the following statements will be true:

a) Increasing capital output ratio and keeping investment at a constant rate

b) Raising the investment and incremental capital output ratio both

c) Raising the investment by keeping the incremental capital output ratio minimum

d) All of the above

Answer: (c)

% change in GDP = $\text"Investment %"/\text" Incremental Capital Output Ratio (ICOR)"$

So, for higher growth rate, we require more investment and less ICOR

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1261 investment growth based indian economy MCQ section 3 question answer with explanation pdf

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